IBPS PO 2026 salary: basic pay ₹48,480, approximate in-hand ₹74,000 to ₹77,000 a month. See the full breakup, allowances, perks, job profile & promotion ladder.
After the 12th Bipartite Settlement wage revision, an IBPS PO joins as a Probationary Officer in the Junior Management Grade Scale-I (JMGS-I) with a fixed basic pay of ₹48,480. On top of this basic pay, the bank adds several allowances that push the monthly package much higher. The approximate in-hand salary ranges from ₹74,000 to ₹77,000 per month, with an approximate gross of around ₹90,000. Remember that basic pay is fixed by the pay scale, but the in-hand figure is only indicative: it changes with your posting city and the current Dearness Allowance (DA) rate.
The components that make up the gross salary are Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA) and Special Allowance. DA is revised every quarter against price levels, so the take-home amount keeps moving slightly through the year.
The table below shows an indicative monthly salary breakup for a freshly appointed IBPS PO. Treat the allowance figures as approximate, since HRA and CCA depend on whether you are posted in a metro, a Tier-1 city or a smaller centre, and DA shifts every quarter.
| Component | Approximate Monthly Amount |
|---|---|
| Basic Pay (fixed) | ₹48,480 |
| Dearness Allowance (DA) | Variable, revised quarterly |
| House Rent Allowance (HRA) | Varies by posting city |
| City Compensatory Allowance (CCA) | Varies by posting city |
| Special Allowance | Linked to basic pay |
| Approximate Gross | About ₹90,000 |
| Approximate In-hand | ₹74,000 to ₹77,000 |
As you spend time in the grade, your basic pay rises along the pay scale. The basic moves to about ₹62,480 after roughly 5 years, and the JMGS-I pay scale tops out near ₹85,920, before promotion to the next grade.
Beyond the headline allowances that build the gross salary, IBPS PO officers receive a range of perks and reimbursements that add real value to the package. These vary slightly across participating banks, but commonly include:
A Probationary Officer is a generalist banking officer who learns branch banking from the ground up. The role is customer-facing and operations-heavy in the early years, then grows into supervisory and decision-making responsibilities. Typical day-to-day duties include:
The role comes with a probation period of about 2 years. During probation you may rotate across desks to build all-round experience. After confirmation and with promotion, officers also take on audit, risk, planning and administrative roles away from the counter.
Banking offers a clear, merit-based officer career ladder. Promotions come through internal written exams and performance reviews, and a focused officer can climb several grades over a career. The progression runs as follows:
Clearing professional banking certifications like JAIIB and CAIIB strengthens your promotion case and can earn additional increments along the way.
Both exams share the same basic pay scale of ₹48,480, but SBI PO pay works out a little higher. SBI grants 4 advance increments, so the effective starting basic for an SBI PO is about ₹56,480, with an approximate in-hand of ₹80,000 to ₹84,000 per month and a total CTC of around ₹21.97 lakh per year at the Mumbai centre, which is the highest centre. The difference comes mainly from those 4 advance increments and SBI-specific perks like leased or official accommodation, furniture allowance and travel reimbursements. For an IBPS PO, the in-hand stays in the ₹74,000 to ₹77,000 band, varying by city and DA. Either way, both are strong, stable and growth-oriented careers.
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An IBPS PO has a fixed basic pay of ₹48,480 and an approximate in-hand salary of ₹74,000 to ₹77,000 per month, with a gross of around ₹90,000. The exact in-hand amount varies by posting city and the current DA rate.
The IBPS PO salary includes Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA) and Special Allowance, along with perks like medical and travel reimbursements, leased accommodation at many centres and concessional staff loans.
A Probationary Officer handles branch operations, cash and account management, customer service, account opening and KYC, processing loans and advances, cross-selling products and supervising clerical staff. The probation period is about 2 years, after which officers can move into audit and risk roles.
The officer ladder runs from JMGS-I to MMGS-II to MMGS-III to SMGS-IV and V and then TEGS-VI and VII, up to General Manager and above. Promotions come through internal exams and performance, and clearing JAIIB and CAIIB helps.
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