Salary and Allowances for IBPS RRB PO Officer Scale 1

Introduction

The Indian Bank Personnel Selection Board (IBPS) conducts the Recruiting Regional Rural Banks (RRBs) Preliminary and Main Examination for the position of Officer Scale 1. This article provides a detailed breakdown of the salary and allowances for IBPS RRB PO Officer Scale 1. The information is valuable for aspirants and existing officials to understand the financial benefits associated with this position.

Fresh Graduate Salary Structure

Freshers Joining as Per 11th Bipartite Settlement:

Basic Pay: Rs. 36,000 Dearness Allowance (DA): Rs. 10,936 Housing Allowance (HRA): Rs. 2,520 (considered 7 for rural posting) Special Allowance: Rs. 7,420

Total Gross Salary: Rs. 56,876

Net Monthly Salary After Deductions: Rs. 50,000 (estimation)

In addition to the aforementioned allowances, conveyance allowance, paper bill canteen subsidy, business development allowance, and medical reimbursement of Rs. 10,300 once a year will be provided.

Newly Recruited PO Salary Structure in RRBs

Pay Scale for Officer Scale 1:

Junior Management Grade Pay Scale: Scale I: Officer (PO) Basic Pay: Rs. 37,490 DA in 645 Slabs: Rs. 9,814 HRA (789, depends upon place of posting): Rs. 26,247 (rural posting) Special DA: Rs. 1,609 Special Allowance: Rs. 1,836

Total Gross Salary: Rs. 54,666

Total Deductions (NPS): Rs. 5,000

Net Salary: Rs. 49,000-50,000/- in hand

IBPS RRB Officer Scale 1 Salary Details

The Pay Scale for IBPS RRB Officer Scale 1 is as follows:

14500-600/7-18700-700/2-20100-800/7-25700

Currently, the in-hand salary varies from Rs. 29,000-33,000 at a 100% DA. After the two years of probationary period, the in-hand salary is around Rs. 38-39k. In comparison, RRB Scale 1 officers have a higher in-hand salary than PSU POs due to a lower PF deduction of Rs. 1800, whereas PSB POs have a NPS deduction of around Rs. 4,000.

Comparison with Existing Scale 1 Officers in RRBs

A newly recruited candidate to the Scale 1 Officer position in Regional Rural Banks receives the pay scale of 23700-980/7-30560-1145/2-32850-1310/7-42020. The starting basic pay is Rs. 23,700.

Conclusion

The salary and allowances provided to IBPS RRB Officer Scale 1 officials are competitive and offer a stable financial support. The two-year probationary period ensures that the officials are well-prepared for their roles.