IBPS RRB Salary 2024: In a job, salary is the most significant component. IBPS offers different salaries and pays scales for officers and clerks. Even the job profile and the nature of work are also different for all the posts. Besides a good pay scale, IBPS RRB PO, as well as clerks, are offered other allowances and perks such as dearness allowance, house rent allowance, travel allowances, and others. In this article, we have provided all the details related to IBPS RRB PO and Clerk Salary 2024.
Table of Contents
IBPS RRB Salary 2024
RRB offers a lucrative salary along with various perks and allowances to its employees. Before looking at the post wise salary structure of IBPS RRB, let us look at the IBPS in hand salary that has been given in the below
IBPS RRB PO Salary Structure
A newly selected RRB PO gets the initial basic pay of rupees 36,000. In the table given below, we have covered the basic pay and the allowances that are added to the IBPS RRB PO Salary.
| IBPS RRB PO Salary Structure | |
| Earnings | Amount |
| Basic Salary | 36,000 |
| SPL Allowance | 5,904 |
| DA | 16,740 |
| HRA | 2,520 |
| CCA | – |
| HFA/BFA | – |
| Gross Pay | 61,164 |
| Deductions | 4,787 |
| Net Pay | 56,377 |
IBPS RRB PO Salary Deductions
There are certain kinds of amounts that are deducted from the gross salary of IBPS RRB PO like provident fund, national pension scheme, etc. The amount is deducted from the retirement benefits of the probationary officers. Candidates can check the kind of deductions done from IBPS RRB PO Salary 2024.
| IBPS RRB PO Salary Deductions | |
| Deductions | Amount |
| PT | – |
| PF | – |
| NPS | 4787 |
| Total Deductions | 4787 |
IBPS RRB PO Perks & Benefits
The regional rural banks offer various kinds of perks and allowances to the probationary officer along with basic pay. The complete list of perks and allowances is given below in the tabulated form
| IBPS RRB PO Perks & Allowances | |
| Dearness Allowance | 46.5% of the basic pay. |
| House Rent Allowance | For Rural Areas: 5% of the basic pay for Semi-urban Areas: 7.5% of the basic payFor Urban Areas: 10% of the basic pay |
| Special Allowances | 7.75% of the basic pay. |
Apart from the allowances given above, there are also the following perks that are given to RRB PO.
- City Compensatory allowance
- Travel Allowances: Banks fully compensate their employees for the amount spent on travelling for official work or they reimburse the petrol/Diesel expenses
- Leased Accommodation: Banks mostly provide their employees either a bank quarter to stay in or an option to lease a house for which the bank is accountable for providing the rent.
- Pension scheme
- Medical Reimbursement
- Newspaper Allowance
- Overtime Allowance
IBPS RRB PO Salary: Job Profile & Promotion
Along with IBPS RRB PO Salary 2024, we have also covered the job profile of RRB PO. When a candidate is appointed for the post of IBPS RRB PO he/she undergoes training or is under probation of 2 years. During the probationary period, the candidate receives a fixed amount that is usually less than the normal pay scale. The kind of work that an RRB PO is required to do generally is given below.
- To manage the day-to-day banking operations.
- Loan disbursement & credit portfolio rating.
- To take care of single window operations or being a teller.
- Focus on the agricultural schemes and policies for the rural market.
- Preparing the audit reports and NPA recovery also forms a major job task.
Apart from the tasks mentioned here, one also has to take care of in-house staff and manage the clerical staff. Running and operations of banks also rely on the Probationary Officer.
IBPS RRB PO Career Growth
Given below is the promotional hierarchy for IBPS RRB PO.
- IBPS RRB PO
- Assistant Manager
- Deputy Manager
- Branch Manager
- Senior Branch Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
IBPS RRB Clerk Salary Structure 2024
The starting salary for an IBPS RRB Clerk is Rs 19900 per month and the pay scale of an IBPS Clerk is Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. Candidates must have additional income and job profile details. Here below table is a quick overview of IBPS RRB Clerk Salary 2024.
| IBPS RRB Clerk Salary Structure | |
| Parameters | Amount (Rs.) |
| Basic Pay | 19900 |
| SPL Allow | 3263.60 |
| DA Amount | 8049.17 |
| HRA Amount | 2167.88 |
| CCA Amount | 0.00 |
| HFA/BBA | 0.00 |
| NPSI | 2812.00 |
| CASH | 1250.00 |
| Gross Pay | Rs. 37442.65 |
IBPS RRB Clerk Career Growth/ Promotion
Eligible candidates are first promoted to the senior post on the basis of their performance within the banking organisation. An official of the Indian Bureau of Personnel Selection (IBPS) RRB Clerk will be promoted to the rank of RRB Clerk through internal examinations after working for a period of 3 years. In addition to this, candidates can also appear in Associate Exams such as JAIIB, CAIIB certifications, which gives a great opportunity to stand out from the competition. IBPS RRB clerk 2024 has a broad range of promotions. All the promotions that a candidate will get in the IBPS are to be checked.
- Officer Scale-I /Probationary Officer (PO)
- Assistant Manager (AM)
- Deputy Manager (DM)
- Branch Manager (BM)
- Senior Branch Manager (SBM)
- Chief Manager (CM)
- Assistant General Manager (AGM)
- Deputy General Manager (DGM)
- General Manager (GM)
IBPS RRB Clerk Salary 2024 Job Profile
IBPS RRB Clerk job profile is associated with various responsibilities and duties, making it a challenging role despite the attractive perks, allowances, and salaries. It encompasses not only accounting tasks but also customer service, cash handling, and providing guidance to customers. An IBPS RRB Clerk serves as the primary point of contact for bank-related inquiries and issues, often referred to as a Single Window Operator due to their role.
Here are the key job responsibilities of an IBPS RRB Clerk:
- Bank office clerks are deployed in the back office for various tasks like maintenance of ledger, bank receipt collection, handling the daily closure details
- Updation of Passbooks of account holders at counters
- Printing of receipts for cheques and demand drafts
- bank clerks also do hold bank keys, safe keys under their protection
- They are often placed at the query window to act as an information counter for the customers.
- Handling the deposit and withdrawal cash.
- Verification of various documents and proofs submitted by the customers
- Responsible for bank cash, various important documents, keys, etc.
- Sanctioning of withdrawals by the customers
- Maintaining the various documents of the bank, balance sheets, ledger, etc.
- Resolving the various issues of the customers
- Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc
- Providing information about the latest schemes and government policies
- Guiding customers relating to various banking activities
- Attending to treasury works
- Resolving queries of the customers
- Miscellaneous tasks
IBPS RRB Clerk Salary 2024 Perks and Allowances
We have discussed below the IBPS RRB Clerk Perks and Allowances given to candidates who are selected for the post of IBPS RRB Clerk.
| IBPS RRB Clerk Salary 2024 Perks and Allowances | |
| Dearness Allowance (DA) | 46.5% of the basic pay. |
| House Rent Allowance (HRA) | For Rural Areas: 5% of the basic pay For Semi-urban Areas: 7.5% of the basic pay For Urban Areas: 10% of the basic pay |
| Special Allowances | 7.75% of the basic pay. |
| Travel Allowances | Rs. 425 |
FAQs
Q. What is the In-Hand Salary of IBPS RRB Clerk 2024?
Ans: The In-Hand salary of an IBPS RRB Office Assistant ranges between Rs. 19900
Q. What is the salary of IBPS RRB PO?
Ans. The in-hand IBPS RRB PO Salary is Rs. 53,253
The detailed breakdown of the IBPS RRB salary for 2024 provided in this article serves as a comprehensive guide for both aspiring and current candidates. It highlights not only the in-hand salary and pay scale but also sheds light on the various allowances and benefits, making it a valuable resource for anyone looking to join the prestigious banking sector through IBPS RRB.