IBPS Salary 2023: Clerk, PO, RRB Pay Scale Per Month and Allowances

Aspirants preparing for the Institute of Banking Personnel Selection (IBPS) must be wondering about their future after passing the exams. So, here we are to help you to get a clear picture of the destination in this career voyage. After passing the Mains, candidates often think about What is the salary of IBPS posts? Therefore, we are to inform you that apart from the basic pay, candidates receive allowances for housing, DA and even learning etc. making the bank profession one of the most wanted occupations. Candidates qualifying for Clerical posts, PO, SO or RRB jobs must check out this article on IBPS Salary 2023.

IBPS Salary
IBPS Salary

IBPS Salary 2023: Clerk, PO, RRB Pay Scale Per Month and Allowances

The well-known banks of India recruit candidates for scale I, II and III posts via the IBPS selection procedure. For these posts, candidates have to undergo a Preliminary Examination, and then they must pass the Mains Examination to qualify for the last Interview round. Aspirants go the extra mile to become Bank employees because of the lucrative salary and job security offered by these financial companies. Moreover, the Pay scale per month is topped up with allowances which are not proposed anywhere else. Check out the list of financial benefits delivered along with IBPS Salary 2023.

  • Basic Pay- is the minimum amount received by the employee without any additional pay including extra work etc.
  • HRA- is the house rent allowances paid by the Bank to its employee based on the class of city they reside in.
  • Provident Fund– Under the EPF scheme, a Provident fund is a contributory amount deposited by the employee and the employer to produce a retirement corpus.
  • Officiating Pay– An entitlement pay received by the employee in the viewpoint of his/her qualifications authorised for the concerned posts. It is one of those Professional Qualifications pay that a bank worker is granted for his or her education and certified skill.
  • Stagnation Increment– is the amount granted to an employee on reaching the highest pay scale for the concerned posts after good or above average performance. It is received once every two years.
  • Special Pay– contributed by the employer in consideration of the additional especially laborious disposition responsibilities carried out by the worker.
  • Gratuity– Bonus is frequent in the Banking sector during special occasions and on good conduct.
  • Pension– A Bank personnel receives 50% of the compensations or average payments whichever is beneficial for the worker upon his/her retirement.
Article typeSalary
Organisation Bank
Year 2023
Posts PO, SO, Clerical, RRB posts
Recruitment Process Preliminary Examination,
Mains Examination, and
Interview round
Conducting Authority Institute of Banking Personnel Selection
Frequency Once a Year
Number of Banks participating11 public sector banks
Salary Range 2.7- 15.0 Lakh rupees per annum (depending on the posts)
Official website www.ibps.in

IBPS Salary for a Probation Officer

To know the Bank PO salary in hand, candidates should know that the IBPS PO Basic pay is 36,000 rupees after which some other allowances are added to make it up to 57,289 rupees. However, the deduction for Provident Funds and other reasons are applied and then in-hand salary is provided to the employee. Bank PO Salary after 5 years increases as high as 60,270 after frequent increments.

1.Basic Pay36,000 Rupees
2.Dearness Allowances (DA)41.16 % of the basic pay= 8,593.20 rupees
3.City Compensatory Allowance(CCA)3%- 4% of BP= 1,400 rupees
4.House Rent Allowances (HA)9% of BP- 3,240 rupees
5.Special Allowance7.75% of the basic pay= 5,904 rupees
6.Gross Salary with HRA57,289.70 rupees
7.Other Allowances 1552.50 rupees
8.Learning Allowances 600 rupees
9.Deduction 4,659.32 rupees
10.IBPS PO in-hand salary52,630.38 rupees

SO IBPS Salary

The IBPS SO Salary Scale 1 is more than what you might expect. People often search what the IBPS SO salary is in Quora but they must know that there is no fixed salary but a range between 36400- 64600 Rupees depending on the department served by the specialist officer in a Bank. SBI SO Salary gross salary can range up to 52,403 rupees per month.

1.Basic Pay36400- 64600 Rupees
2.Dearness Allowances (DA)8605.88
3.City Compensatory Allowance(CCA)3%- 4% of BP= 1,274 rupees
4.House Rent Allowances (HA)3303 rupees
5.Special Allowance7.75% of the basic pay= 2,821 rupees
6.Gross Salary with HRA52,403 rupees
7.Other Allowances1552.50 rupees
8.Learning Allowances600 rupees
9.Deduction4,659.32 rupees
10.IBPS SO in-hand salary38000- 39,000 rupees

IBPS Clerk Salary

Clerical Posts in Banks are somewhat easier to crack as compared to the Probation Officers but IBPS Clerk’s Salary after 10 years reaches as high as that of a newly hired PO. IBPS Clerk Salary in Odisha and Gujarat can reach up to 32,024 rupees excluding the PF deduction. IBPS Clerk salary slip details are provided in the following table.

1.Basic Pay19,900- 22,000 rupees
2.Dearness Allowances (DA)5209.82 rupees
4.House Rent Allowances (HA)2039.75 rupees
5.Special Allowance7.75% of the basic pay= 4,118 rupees
6.Gross Salary with HRA32,024 rupees
7.Other Allowances757.08 rupees
9.Deduction2570.98 rupees
10.IBPS Clerk in-hand salary29,453.67 rupees

Regional Rural Bank IBPS Salary

Candidates looking for IBPS RRB Officer Scale 3 salary in hand or RRB PO salary 2023 can check the details in the table provided below. The  Institute of Banking Personnel Selection conducts the Regional Rural Bank recruitment exam once a year for the aspirants.

Probation Officer at Scale I55,000- 60,000 rupees per month
Probation Officer at Scale II42,000- 45,000 rupees per month
IBPS RRB Clerk (Office Assistant)21,000- 23,000 rupees per month

Important Links

Visit for more informationBLW Homepage
Check out the Official website IBPS homepage


What are IBPS SO posting locations?

Specialist Officers are often posted to the head office of the bank’s regional or zonal offices during their service.

How much is the IBPS SO salary after 5 years?

After 5 years of hard work and good conduct in a bank, an SO employee can receive an in-hand salary of upto
38500 rupees.

What is IBPS Clerk Salary after 5 years?

For the initial 5- 7 years, a clerk receives an annual increment of 1730 rupees and the maximum salary by the end of 5 years can be as high as 30,550 rupees.

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