IBPS PO Salary 2023: Revised In Hand Salary, Job Profile, Career Growth

 IBPS PO Salary 2023: The revised salary for the IBPS PO is discussed here. Check IBPS PO Grade Pay after 5 years, Salary Structure, In Hand Salary, Grade pay, Perks and Allowances and Job Profile.

Aug 1, 2023, 19:42 IST
IBPS PO Salary 2023
IBPS PO Salary 2023

IBPS PO Salary 2023: Institute of Banking Personnel Selection (IBPS) will release the notification for the recruitment of POs in 11 participating banks. The registration process will start once the official notification is released. Any candidate who aspires to join the banks as a PO is required to fill up the application form for the common recruitment process of POS-XIII.

The examination process will consist of three phases i.e. prelims, mains and interview. The candidates who will qualify for the prelims examination will be called for the mains examination.

IBPS PO Salary 2023

As per the reports, the salary of the candidates selected for PO positions will get in hand pay of Rs 50000- Rs 55000. Below we have bifurcated the pay received by Bank POs.

IBPS PO Salary 2023: Pay Scale

Below we have an approximate breakdown of the allowances in the tabulated 

IBPS PO Salary

Type of Pay


Basic Pay


Special Allowances


Dearness Allowances


City Compensatory Allowances


House Rent Allowance


Learning Allowance


Other Allowances


Gross with HRA




Net Salary


Note: This is the supposed number based on reports,  actually number may vary

What will be the Salary of IBPS PO after 5 Years?

According to the most recent data, the IBPS PO Salary for the first year will be around Rs.52000. A yearly rise in the Basic Salary of Rs 900 - Rs 1000 will be given extra benefits, which range from Rs. 10,000 to Rs. 15,000, are available. Consequently, the gross IBPS PO Salary after five years will be approximately between Rs. 65,000 and Rs. 70,000.

IBPS PO Perk and Allowances 

Below we have tabulated the perk and allowances that are given to the candidates

IBPS PO Allowances

IBPS PO Basic Pay

Rs 36,000/- ( Increment in 4 stages)

House Rent Allowances

7%-9% of the basic pay (Depending on the posting of the city)

Dearness Allowance

23.87% of the Basic Pay (Varies based on inflation rates)

City Compensatory Allowance (CCA)

3% or 4%(depending on the place of posting)

IBPS PO Job Promotion and Career Growth

IBPS PO selected needs to complete a minimum of 2 years in the service to get the promotion. The promotion process of IBPS PO is done in two ways one is a Normal/Seniority-based Process and the other is Merit/Fast-track-based Process.


Normal/Seniority-based Process: In this process, candidates need to internally qualify for the exams to get considered for seniority and experience.


Merit/Fast-track-based Process: To get promotion from this process candidates needs to have JAIIB and CAIIB Diploma form IIBF.

The hierarchy of the selected candidates is listed below

  • Officer/Assistant Manager
  • Manager
  • Senior Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager

Also Read,

IBPS PO Syllabus

IBPS PO 2023: Participating Banks

Below we have listed the banks in which the candidates will be placed after the selection 

  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • Indian Bank
  • Indian Overseas Bank
  • Punjab National Bank
  • Punjab & Sind Bank
  • UCO Bank
  • Union Bank of India

IBPS PO Probation Period

The selected candidates for the IBPS PO will have to undergo a probationary period of 6 months during which their performance will be assessed and after satisfactory work performance, they will a confirmation letter.

IBPS PO Calendar

Below we have tabulated the exam calendar of IBPS PO 2023 as released by the recruitment IBPS

IBPS PO 2023 Calendar

IBPS PO 2023 Events

Important Dates

Online Registration including Edit/Modification of Application by candidates

August 1, 2023, to August 21, 2023

Payment of Application Fees/Intimation Charges (Online)

August 1, 2023, to August 21, 2023

Download of Call Letter for Pre Exam Training*

September 2023

Conduct of Pre Exam Training*

September 2023

Prelims Exam Admit Card Download

September 2023

Online Prelims Exam

September/October 2023

Prelims Exam Result

October 2023

Mains Exam Admit Card Download

October/November 2023

Online Mains Exam

November 2023

Mains Exam Result

December 2023

Call Letter for Interview

January/February 2024

Conduct of Interview

January/February 2024


April 2024

* In case it possible and safe to conduct pre exam training (PET)

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  • How many banks participate in IBPS PO 2023?
    As per the notification released, 11 banks are participating in IBPS PO recruitment 2023.
  • What is the probation period in IBPS PO?
    As per the reports the selected candidates will undergo a probation period of 6 months.
  • What will be the salary of IBPS PO after 5 years?
    As per the data available, IBPS PO Salary after 5 years will be approximately Rs 65000
  • What is the Job Profile of IBPS PO?
    We have covered in detail the IBPS PO Job Profile, Promotion and Career Growth in the above article.
  • What is IBPS PO Salary?
    The initial salary of IBPS PO will range from Rs. 40000 to Rs. 45000.


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