IBPS- Institute of Banking Personnel Selection closes its online application for CWE PO/MT- IX 2019 on 28th August 2019. Hope all of the aspirants had applied to the exam. PO/MT is the one of the exams conducted by IBPS, which has the highest remunerations in public sector banks. Since its start in 2011, every year IBPS has conducted various exams including probationary officer, office assistant scale 1, and 3 and specialist officer cadre. Among these, PO and Specialist officer is the top grade post that its ultimate position is the manager post of the bank. For knowing more about IBPS PO Salary 2019 and promotion structure read the below passage.
PO Job Details
Probationary officer job is the most seeking job as it can give a good prospect of career growth. A probationary officer by grade is scale 1 assistant manager post in the bank. After selection criteria, the personnel will be given intensive training at the institute of banking management. On training process, probationary officer will undergo training with many duties such as billing, revenue collection, finance accounting, investment handling etc. During probation period he or she has to familiarize all the working process of the bank. Probation period is of two years.
IBPS PO Promotion Structure
A selected candidate starts their job as probationary officer and ultimately he or she becomes chief general manager. The promotion structure is as shown below
– Probationary Officer- Scale I (Junior Management Grade)
– Manager- Scale II (Middle Management Grade)
– Senior Manager- Scale III (Middle Management Grade)
– Chief Manager- Scale IV (Senior Management Grade)
– Assistant General Manager- Scale V (Senior Management Grade)
– Deputy General Manager- Scale VI (Top Management Grade)
– General Manager- Scale VII (Top Management Grade)
– Executive Director
– Chairman and managing director
IBPS PO Salary 2019
Probationary officer is one of the most demanding jobs among the candidates as it offers a great step make a prestigious career growth. It starts with the position of officer scale 1 with a good salary package. The basic pay of an IBPS PO is Rs 23,700/- and the gross income of a PO is about Rs 36, 570/- along with basic salary, a PO post salary includes other perks and benefits. These benefits include travelling allowance, medical insurance, leased accommodation etc. IBPS PO salary details are tabulated below
|Salary + Allowances||In Rupees|
|Basic Pay||Rs 23,700/-|
|Special Allowances||Rs 1836.75/-|
|DA (Dearness Allowances)||Rs 10,163.63/-|
|Gross with HRA||Rs 38,703.38/-|
|CCA (City Compensatory Allowances)||Rs 870/-|
|HRA (Home Rent Allowances)||Rs 2,133/-|
|Medical Aid||Rs 8,000/-|
|Canteen Subsidy||Rs 400/-|
|Pension Contribution||Rs 2,500|
|Gross Annual CTC||Rs 5, 57, 640|
Thus, starting your career as PO is the best choice. It can surely give you a highly respectful career growth. So get ready to prepare for the exam and use this opportunity very well to achieve the managerial position. IBPS has reported about 4336 vacancies in their participating banks for this year 2019.
IBPS PO Study Plan 2019
As the financial sector depends merely on wide mathematical calculations, candidates have to sharpen their ability to solve problems within no time. In PO exam, there will be only 30- 45 seconds to solve one problem. A total of 100 questions are asked in preliminary exam and 155 questions are asked in mains exam. One can easily achieve the skill by practicing daily with sample questions. You can choose any books out there in the market for practicing. Before choosing, it will be better to compare with syllabus and content inside the books or else look for some expert advice. Online platforms can give to correct way to achieve the target and Entri is the suitable online presence that will meet up your expectations. For detailed study plan, click here.