IBPS PO Salary revised structure after seventh pay commission in detail
Institute of Banking Personnel Selection conducts IBPS PO Probationary officer Exam/Management trainee every year to recruit PO officers for various public and finance sectors. Why are most of the candidates interested to appear in such a tough competitive exam? One is it serves a prestigious post and another is none other than IBPS PO salary. When post and salary come together who will deny it. So, regarding the details of IBPS PO salary, we shall discuss here.
An amusing part of the IBPS PO salary is it has been revised as per the 7th Pay Commission announced by the Central government. The Basic pay of a new bee is Rs.23, 700/- and every year Rs.980/- will be received as an increment which is applicable for 7 years. After adding other allowances the salary would range from Rs.39, 000 to Rs.42, 000. However, based on the place of the posting the salary may vary. Along with thatthe PO is eligible for other benefits and perks such as Travelling allowance, Medical allowance, Leased accommodation and Newspaper reimbursement.
While talking about the IBPS PO salary, the work responsibilities should also be remembered.Soon after joining as a bank PO, the candidate has to go through the probation period of 2 whole years. General banking training is provided during the two years to the candidate. Candidates will learn various banking terms, roles, responsibility, and management work of the bank where he has joined. The major responsibilities are defined for a bank PO are Report maintenance, cash handling, customer service, Loan issue processing, customers accounts handling, loan processing, cash management, ATM card, cheque, DD issuance. Totally, the Bank PO is trained in all tasks.
There are various promotional stages in the life of a Bank PO. After the successful completion of two years, the person is promoted as Junior Manager or Assistant officer and based on his performance he is promoted for every 2-3 years. The hierarchy of a bank PO is as Probationary officer, Deputy Manager, Senior Manager, Chief Manager, Asst. General Manager, Dept. General Manager, General Manager, Executive Director, Chairman and Managing Director. So, in every post, the person is hiked with his salary part and other allowances.
Such a huge offer is given by IBPS. May we see the history of Institute of Banking Personnel Selection?
This self-governing authority started its operation in the year 1975 as Personnel Selection Services. After 1984, the IBPS turned as self-employed legal fictions by the command of RBI. It focused on to increase the human resource through its personal appraisal. IBPS conducted a common written examination throughout the country to recruit officers and clerks in 2011. Now, on behalf of over 20 public sectors and rural banks, IBPS conducts exams through online mode. IBPS releases its announcement in its official site and accepts only online applications and fee for all. No manual work, offline documents are required here.
The IBPS Board announced its examination dates for IBPS PO preliminary and mains. So, students do not target only on IBPS PO salary structure; also make preparation for that, because you deserve it.