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IBPS PO SALARY 2016 @109.8% DA PAY SCALE OF IBPS PROBATIONARY OFFICER

IBPS PROBATIONARY OFFICER SALARY @109.8% DA, IBPS PO PAY SCALE, IBPS PO CASH IN HAND SALARY
Institute of Banking Personnel Selection (IBPS) conducts various examinations throughout the year every year. One of the main and popular examinations of IBPS is for Probationary Officer. Lakhs of candidates appears in the written objective test of this exam. If you want to apply for Probationary Officer posts by public sector banks excluding SBI and want to know what will be the salary when you are selected for the job. Then here are the details of IBPS PO Salary 2016 at 109.8% DA. Those candidates who got selected on Probationary Officer posts will get the salary as described below. 

IBPS PO Salary Structure 2016 @109.8% - IBPS PO PAY SCALE 

A newly recruited IBPS Probationary Officer in any bank under IBPS is placed in Scale-I salary of Rs
Rs. 14500 – (600 x 7) 18700  – (700 x 2) -  20100  (800 x 7) -  25700
In this Scale I, salary of newly recruited Probationary Officer, Basic Pay is Rs. 14500. They are given annual increments of Rs. 600 for 7 years till their basic pay reach 18700. The same is applicable to other bracket increments (the figures in the brackets indicate annual increment and the stages for which the same is applicable.

IBPS PO Allowances

So Current Dearness allowance @109.8% will be nearly = INR 15921
House Rent Allowance (HRA) : HRA can be either 6.5% or 7.5% or 8.5% of the Basic Salary
HRA= 932-1242 depending on the place of posting.
City Compensatory Allowance (CCA):  It is an allowance for moving from one city to another and can be either 3% or 4% i.e. INR 375-540.
So summing up all the above given allowances.
Gross salary of IBPS PO at Current DA (for newly selected) ranges from INR 32000-36000.
Bank PO Salary at 109.8% DA will be approx. 32000-36000.
Cash in Hand salary of newly recruited Probationary Officers will be INR 30000-34000 after deductions (depending on area).
Other Perks and Benefits
Perks and Benefits vary from bank to bank but State Bank of India gives more perks than other banks.
The perks and benefits includes leased accommodation, travelling allowance, newspaper allowance, medical allowance etc.
Official website: http://www.ibps.in