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.
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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 2024 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 which are added to the IBPS RRB PO Salary 2024.
IBPS RRB PO In Hand Salary 2024
Probationary Officer (PO) salaries at Regional Rural Banks (RRBs) typically varies from Rs. 30,000 to Rs. 45,000 per month, depending on the RRB in question and the locality. The pay may also contain additional benefits like a medical allowance, house rent benefit, and dearness benefit. An RRB PO’s pay may rise with advancements and experience. An RRB PO’s base salary typically ranges from Rs. 23,700 to Rs. 42,020, plus other allowances and benefits.
| IBPS RRB PO Salary 2024 | |
| Earnings | Amount |
| Basic Salary | Rs. 36,000 |
| SPL Allowance | Rs. 5,904 |
| DA | Rs. 13,815.75 |
| HRA | Rs. 2,520 |
| CCA | – |
| HFA/BFA | – |
| Total Earnings | Rs. 58,239.75 |
IBPS RRB PO Salary 2024 Job Profile
Regulatory Monitoring of Banking Operations: In charge of controlling and supervising every aspect of a commercial bank’s operations, monitoring that they are carried out on schedule and with due diligence.
Facilitating Loans and Credit Facilities: Encouraging farmers to take use of the loans and credit facilities offered by the Rural Bank for the growth of their farms while openly outlining the advantages of these credit choices. Details on the various initiatives and plans the bank has put in place to help the community.
Audit and Financial Reporting: Financial reporting and auditing preserving the bank’s yearly balance sheet, going over financial information, and creating audit reports for the fiscal year, all while making sure that data from prior years is accurately compared to evaluate profitability.
Loan Repayment Management – record of loans to different entities, remind borrowers of their loan repayment obligation, and take the necessary steps (e.g. property mortgaging) to recover loans if needed.
Public communication – Communicate with the general public and disseminate information on various policies and schemes implemented by the bank for the benefit of local communities.
Audit & Financial Reporting – Audit the bank’s yearly balance sheet, review financial statements, and prepare audit reports for each financial year, comparing them with previous year’s data to evaluate profitability.
Scheme implementation – Implement government schemes for rural area development, and manage the allocation of central government funds to beneficiaries.
IBPS RRB PO Salary 2024 After 5 Years
The IBPS RRB PO Salary 2024 after 5 years of service can vary based on a number of factors, including the specific RRB they are working for, their performance on the job, and any promotions or salary increases they may have received during their time with the bank. In general, POs at RRBs can expect to receive a competitive salary and benefits package, including medical insurance and retirement benefits. It is worth noting that the salary and benefits for POs at RRBs are revised periodically based on the cost of living and other factors. Additionally, POs at RRBs may be eligible for promotions to higher levels of management, which can result in salary increases.
IBPS RRB PO Salary 2024 Career Growth
- For the position of Manager Trainee in the Regional Rural Banks or Gramin Bank, apply for IBPS RRB Officer Scale-I. IBPS RRB Officers receive an in-hand remuneration between Rs 29,000 and Rs 33,000.
- The Manager Trainee will be promoted to Assistant Manager after successfully completing a two-year probationary period. The following is a description of IBPS RRB Officer Scale I career growth:
- Assistant Manager, Deputy Manager, Branch Manager, Senior Branch Manager, Chief Manager, Assistant General Manager, Deputy General Manager, General Manager, IBPS RRB Officer Scale I (PO)
- IBPS RRB Officers’ duties and responsibilities change depending on their position and department. Other government tests offer fantastic designations, careers, and salaries as well.
IBPS RRB PO Salary 2024 Perks and Allowances
After the candidates are selected for the post of Probationary Officer (PO), they will be eligible to receive the lucrative salary package including several additional perks and allowances. We have discussed some allowances received by the candidate along with the basic IBPS RRB PO Salary.
- House Rent Allowance
- City Compensatory Allowance
- Special Allowance
- Conveyance Allowance
- Dearness Allowance
- Leave Travel Allowance
- Medical Allowance
- Entertainment Allowance
- Newspaper Allowance
- Lease Allowance
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.