Candidates have seen the annual salary package that will be offered to them once selected
for the post. The salary differs for employees based on the city they are located in.
The revised basic IBPS SO salary structure will be as follows:
| Basic Pay |
₹ 37,490/- |
| Dearness Allowance |
₹ 13,800/- (approx.) |
| Special Allowance |
₹ 8,410/- (approx.) |
| CCA (City Compensatory Allowance) |
₹ 1,120/- (approx.) |
| Learning Allowance |
₹ 820/- (approx.) |
| House Rent Allowance(HRA) |
₹ 2,620/- (approx.) |
| Gross Pay |
₹ 64,275/- (approx.) |
| Deduction (NPS Fund & Tax) |
₹ 7,865/- (approx.) |
| Net Pay |
₹ 56,410/- (approx.) |
IBPS SO Salary after the 11th Bipartite Agreement
Bank SO salaries revision takes place on the basis of bipartite settlement. As for the IBPS PO salary 2023, the salary shall be decided based on the Bipartite settlement
The IBPS SO salary based on the 2023 notification is as mentioned below:
| IBPS PO Salary structure in India |
| IBPS SO Salary in India- Basic Pay |
Rs 23,700/- ( Increment in 4 stages-
Salary after 1st Increment- Rs. 30,560/-
Salary after 2nd Increment-Rs. 32,850/-
Salary after 3rd Increment- Rs. 42,020/-
|
| Dearness Allowance |
36% of the basic pay(Varies based on inflation rates) |
| City Compensatory Allowance(CCA) |
0% or 4%(depending on Tier I or Tier III city) |
| House Rent Allowances |
7%-9% of the basic pay |
| Special Allowance |
7.75% of the DA+Basic pay |
| Conveyance Allowance |
Fixed amount of fuel expense depending upon 2 wheeler or 4 wheeler |
| Lease Allowance |
In place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting. |
| PF Contribution |
It varies between Rs.3,000/- - Rs. 3,500/- |