IBPS Salary 2022: Institute of Banking Personnel Selection (IBPS) every year conducts the recruitment examination for the post of Clerk/Assistant, Probationary Officer (PO) at numerous Regional Rural Banks (RRB) located across the country. Many aspirants appear in the exam in the hope to get recruited for the respective post. Dear reader, if you are interested in the banking sector and want to know detailed information about the Clerk, Officer Post salary, monthly allowance package 2022, then keep reading this article.
- 1 IBPS Salary 2022
- 2 IBPS Career Advancements
- 3 IBPS RRB In-Hand Salary for Different Posts
- 4 IBPS RRB Salary Allowances & Perks
- 5 IBPS RRB Officer Scale-I Salary 2022
- 6 IBPS RRB Clerk/Assistant Salary 2022
- 7 RRB Job Profiles
- 8 IBPS RRB Career Growth
- 9 About IBPS
IBPS Salary 2022
One of the reasons why every applicant tries to clear the IBPS exam and get recruited in RRB is because they offer very attractive salaries along with bonuses and allowances to their employees. Although it’s not an easy task to clear the IBPS exam and get appointed as Clerk/Assistant, Probationary Officer (PO) at any regional rural bank but in case, an applicant gets lucky and clears all the recruitment rounds then they get all benefits provided by the bank. To know more about the IBPS RRB Salary 2022 for the different posts, go through the following article or you can also pay a visit to IBPS official website ibps.in.
IBPS Career Advancements
- As compare to commercial banks, RRB provides the employment stability and through their hard work, the candidate quickly advances to officer scale.
- Some of the candidates get golden chance to become a part of exchange programs which allows them to work into various government offices and put their knowledge into use.
- RRB’s also engage with candidates from different walks of life and assist them with their money.
IBPS RRB In-Hand Salary for Different Posts
|Post Name||In-Hand Salary|
|IBPS RRB Clerk/Assistant||₹15,000-₹19,000|
|IBPS RRB Officer Scale-I (PO)||₹29,000-₹33,000|
Note: The salary mentioned above is tentative to give a rough idea about the pay scale given to new joinee’s at RRB’s. The final In-Hand is verified from the senctioned RRB.
IBPS RRB Salary Allowances & Perks
Let’s talk about the allowances & perks enjoyed by the RRB’s employees under this section:
|Dearness Allowance||46.5% of the basic pay|
|House Rent Allowance||For Rural Areas: 5% of basic pay. |
For Semi-urban Areas: 7.5% of basic pay.
For Urban Areas: 10% of basic pay.
|Special Allowance||7.75% of basic pay.|
Apart from the above allowances, the other perks enjoyed by the Clerk & PO employees are:
- Travel Allowance.
- Leased Accomodation.
- Medical Policy.
- Newspaper Allowance.
- Pension Schemes.
- Overtime Allowance.
IBPS RRB Officer Scale-I Salary 2022
The initial salary for IBPS RRB PO may range between ₹29,000-₹33,000 along with DA, HRA & Special Allowances.
|Annual Increments||IIB PO In-Hand Salary|
|₹980 for first 7 years||₹30,600|
|₹1145 for the next 2 year||₹32,850|
|₹1310 for the next 7 years||₹42,021|
IBPS RRB Clerk/Assistant Salary 2022
The initial in-hand salary of IBPS RRB Clerk/Assistant varies from ₹15,000-₹20,000.
|Annual Increments||IIB Clerk/Asst. In-Hand Salary|
|₹400 for the first 3 years||₹8400|
|₹500 for next 3 years||₹9900|
|₹600 for next 4 years||₹12,300|
|₹700 for the next 7 years||₹17,200|
|₹1300 for one year||₹18,500|
|₹800 for next year||₹19,300|
RRB Job Profiles
RRB PO Job Profile:
The candidate who is appointed as PO undergoes training or is under the prohibition of two years. During those two years, the candidate receives a fixed amount from the bank which is usually less than the normal pay scale. The job profile for the candidate who is selected for the PO is given below:
- To manage day-to-day banking operations.
- Loan disbursement & credit portfolio training.
- To take care of single window operations or being a teller.
- Focus on agricultural scheme and policies for rural market.
RRB Clerk Job Profile:
When a candidate is appointed as Clerk then he/she undergoes with a training of 06 months and during this time period, the candidate gets acquainted with the functions that will be executed by them. The job profile for the Clerk candidate is available below:
- An IBPS RRB Clerk receives and acknowledges the cheques, cash, drafts, pay orders etc.
- Passing and paying out cash payment of withdrawal forms, cheques etc.
- Acknowledging inward mails, preparing outward mails and managing the delivery of checkbooks.
IBPS RRB Career Growth
IBPS RRB PO Career Growth:
The promotional hierarchy for the IBPS RRB PO is shown below:
- IBPS RRB Officer Scale-I (PO)
- Asst. Manager.
- Deputy Manager.
- Branch Manager.
- Senior Branch Manager.
- Chief Manager.
- Asst. General Manager.
- Deputy General Manager.
- General Manager.
IBPS RRB Clerk/Assistant Career Growth:
As a bank clerk, based on the performance and contribution towards the bank, there are many chances of growth. It’s mandatory for the clerk to at least serve 02-03 years at any bank before applying for the promotion. The promotions will be given through two processes:
- Normal/Seniority Process.
- Merit-based/Fast track Process.
The Institute of Banking Personnel Selection (IBPS) is an autonomous body that is set up to evolve and implement world-class processes of assessment and selection of personnel for various client organizations. IBPS provides its services to Public Sector Banks and Regional Rural Banks. The IBPS gives a golden opportunity to aspirants who are interested in the banking sector by conducting examinations for the various posts in different banks and training them by providing coaching.
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