Anangsha PatraDeputy Manager – Editorial
IBPS RRB Salary 2024: The Reginal Rural Banks (RRBs) offers lucrative IBPS RRB salary to PO, Clerk and SO posts. Besides IBPS RRB salary, candidates are offered various perks, allowances and benefits. The monthly in-hand IBPS RRB Clerk salary ranges between INR 20,000 to 25,000. The in-hand IBPS RRB PO salary ranges between INR 29,000 and 33,000. IBPS RRB in-hand salary for Officer Scale 2 ranges between 33,000 to 39,000. The in-hand IBPS RRB salary for Officer Scale 3 ranges between INR 38,000 to 44,000.
IBPS RRB exam is conducted by IBPS to select candidates for the posts of Officers Scale 1, 2, 3 and Office Assistant (Multipurpose). As IBPS RRB notification was released on June 7, candidates must be looking for IBPS RRB salary inorder to know how much they will get after qualifying the exam. In this article, we have discussed in details about IBPS RRB salary.
Q: What is the career growth of IBPS RRB Officers Scale 1?
IBPS RRB Officers Scale 1 is on probation for two years. After its completion, candidates are promoted to Assistant Manager. The career growth of IBPS RRB Officer Scale 1 is mentioned below:
- IBPS RRB Officer Scale I (PO)
- Assistant Manager
- Deputy Manager
- Branch Manager
- Senior Branch Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
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Q: Is IBPS RRB a good job?
There is tremendous scope for progress in this job profile. IBPS RRB Office Assistants are able to get promoted to Officers' posts through deputation and experience. The chances of being promoted to a higher Managerial Scale level are very high. Candidates selected to the post of Assistants are entitled to a good salary. The post-wise salary of IBPS RRB is given below.
IBPS RRB Office Assistant (Multipurpose): INR 15000-19000
IBPS RRB Officer (Scale I): INR 29,000-33,000
Officer Scale-II: INR 33,000-39,000
Officer Scale III: INR 8,000-44,000
Upvote Q: What is the job profile of IBPS RRB Officer?
The job responsibilities of IBPS RRB Officer are given below:
- Customer Dealing
- Bank Retail Operations
- Loan Documentations
- Verifying Cash and Payment Transactions
- Maintaining Important Data and Files
Upvote IBPS RRB Salary 2024
Aspirants aiming for the banking exams often search for IBPS RRB salary. To help candidates with this, we have provided here IBPS RRB inhand salary, salary slip, perks & emoluments. IBPS RRB salary varies as per posts. Candidates can expect IBPS RRB salary ranging between INR 51,000 to 58,000 for the IBPS RRB PO post and INR 21,000 to 23,000 for IBPS RRB Clerk post.
IBPS RRB Salary: Posts Offered
IBPS RRB is conducted for various Group A and B posts. Candidates are allowed to apply for different as per their qualifications and experience.The exam is conducted for recruitment of four different posts as given below:
- Officer Scale 1 (PO)
- Officer Scale 2 (Generalist & Specialist)
- Officer Scale 3 (Senior Manager)
- Office Assistant or Clerk (Multipurpose)
IBPS RRB In-Hand Salary
IBPS RRB in-hand salary for different posts is given below.
| Post | IBPS RRB Salary (In INR) |
|---|---|
| IBPS RRB PO salary | 51,000 to 58,000 |
| Officer Scale 2 (Generalist & Specialist) | 33,000 to 39,000 |
| Officer Scale 3 | 38000 to 44,000 |
| IBPS RRB Clerk salary | 55,000 to 60,000 |
IBPS RRB PO Salary
IBPS RRB PO salary ranges between INR 51,000 to 58,000. Employees are offered increments in the IBPS RRB salary on a regular basis. The annual increments in IBPS RRB PO salary are given below.
| Period of Service | Annual Increments (In INR) |
|---|---|
| First 7 Years of Service |
980 |
| Next 2 Years of Service |
1145 |
| Next 7 Years of Service |
1310 |
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IBPS RRB Clerk Salary
IBPS RRB Clerk salary ranges between INR 21,000 to INR 23,000. The increments provided to this post are given below.
| Period of Service | Annual Increments (In INR) |
|---|---|
| First 3 Years of Service |
400 |
| Next 3 Years of Service |
500 |
| Next 4 Years of Service |
600 |
| Next 7 Years of Service |
700 |
| Next Year |
1300 |
| Next Year |
800 |
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IBPS RRB Salary-Allowances
RRB Officers are paid Dearness Allowances, House Rental Allowances, and Special Allowances according to their basic pay. Apart from that, there are some other allowances that are not fixed but rather conditional. The details of such allowances are given below.
| IBPS RRB Allowances | Amount of Allowances |
|---|---|
| Dearness Allowance (DA) |
75.9 per cent of the Basic Pay |
| House Rental Allowance (HRA) |
Rural Areas: 5 per cent of Basic Pay |
| Special Allowances |
7.75 per cent of Basic Pay |
| Travel Allowances (TA) |
The employees are paid TA during their transfer |
| Medical Expenses |
The Bank also pays all the medical expenses of the employee and their family members |
| Gratuity on Retirement |
The bank officers receive a lucrative amount of gratuity at the time of retirement as per their basic pay. |
| Petrol / Fuel Reimbursement |
Petrol / Fuel reimbursements are also paid to the candidates as per their distance from the office. |
| Miscellaneous |
IBPS Officers also receive other miscellaneous allowances and perks. |
IBPS RRB Selection Process
IBPS RRB selection process is different for different posts. The post-wise selection process of IBPS RRB is given below.
Office Assistant/Officers Scale 1: The selection process of IBPS RRB Clerk includes the preliminary exam and mains exam. The provisional allotment of candidates is done based on the mains exam. The marks of the preliminary exam are not counted for the preparation of the merit list.
Officers Scale 1/PO: The selection process of this post includes preliminary exam, mains exam, and interview. Based on the marks of the preliminary exam, candidates are selected for the mains exam. The final allotment of candidates is done based on the mains exam and interview.
Officers Scale 1 and 2: The post of Officers Scale II is of Manager while the post of Officers Scale III is of Senior Manager. All registered candidates are required to appear for Single Level examination.
Job profiles of IBPS RRB Clerk and IBPS RRB PO
The job profiles of the IBPS RRB Clerk and IBPS RRB PO are given below.
IBPS RRB Clerk Job Profile
Candidates appointed to the post of IBPS RRB Clerk are required to undergo training. They will be on a probation period for six months. The job profile is discussed below.
- Handle receipts, cash, drafts, cheques, pay orders and other instruments
- They handle passing and paying out cash, payment of withdrawal forms, cheques, etc
- Acknowledging inward mails, preparing outward mails, and managing the delivery of cheque books
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IBPS RRB PO Job Profile
Candidates appointed to the post of IBPS RRB PO will be on probation for two years. They need to undergo training in the initial months. The job profile of IBPS RRB PO is given below.
- Manage day-to-day banking operations
- Disbursement of loan and credit portfolio rating
- Focus on the agricultural schemes and policies for the rural market
- Preparing the audit reports and NPA recovery