IBPS PO Salary 2026: Check In-hand salary, Perks, Allowances, and Promotions

Working in the government banking sector is the dream of millions of aspirants in India. One of the reasons is the lucrative salary and career progression in the government banks. IBPS PO is one such post for which aspirants from all over the country compete. IBPS PO Salary is among the most attractive salaries in the Public Sector Bank (PSBs). It comes with various perks and benefits like House Rent Allowance (HRA), Dearness Allowance (DA), and more.

It is important for aspirants to learn and understand the IBPS PO Salary Structure before starting their preparation. In this article, we will be discussing the IBPS PO Salary in hand, allowances, deductions, and promotion policy.

IBPS PO Notification 2026
 

What is The Basic Pay of IBPS PO Salary 2026

Based on the latest bipartite settlement for public sector banks, the initial basic pay is Rs. 48,480, and the pay scale is Rs. 4840-200/7-62480-2340/2-67160-2680/7-85920. It is important to note that basic pay is the IBPS PO Salary before adding allowances and removing the deductions.

IBPS PO Syllabus 2026

What is the IBPS PO In-Hand Salary 2026 After Allowance and Deductions

The IBPS PO in-hand salary 2026 is the actual amount credited to your account after adding allowances and subtracting deductions. The in-hand IBPS PO Salary 2026 is Rs. 76000/-. It is important to note that the IBPS PO Salary may differ based on the city you are posted in. 

 (a) IBPS PO allowance:

 An IBPS PO gets the following perks and allowances during their service:

1. Dearness Allowance (DA): This is given to balance the impact of inflation. It is generally around 19-24% of the basic pay.
2. House Rent Allowance (HRA): HRA is given to cover all the housing expenses of the employee and is different for different cities

• Metro cities: It is typically 9% of basic pay
• Major cities: It is typically 8% of basic pay
• Other locations: It is typically 7% of basic pay

(Note: Sometimes, banks offer leased accommodation in place of giving HRA)

3. Special Allowance: It was introduced with the recent revision and is around 7.75% of the basic pay.
4. City Compensatory Allowance (CCA): This allowance is provided to the employee to compensate for the higher cost of living in certain cities. It varies based on the city type and can be 0%, 3%, or 4% of the basic pay.
5. Learning Allowance: It is a professional learning and development allowance.
6. Other Allowances/Perks:

• Medical Aid/Reimbursement: Covers the employee’s medical expenses.
• Travelling Allowance: It is a reimbursement for petrol expenses; it can be a fixed amount.
• Newspaper Reimbursement: fixed allowance for newspaper subscription
• Furniture Allowance: Some banks may offer this.
• Entertainment Allowance
• Fuel Allowance                                                                             

(b) IBPS PO deduction:

The gross salary goes through some deductions, these are:

1. Provident Fund (PF):  It is a compulsory contribution for retirement savings.
2. New Pension Scheme (NPS): It is an employee's contribution to the New Pension Scheme.
3. Professional Tax: It is a state-specific income tax
4. Income Tax (TDS): It is the tax deducted at source based on applicable income tax slabs.
5. Union Fee: If applicable.

IBPS PO Per Month Salary

A newly appointed IBPS PO receives an overall salary of about Rs 90,377 per month. This salary is inclusive of all the allowances every government employee receives. However, the basic pay remains Rs 48,480. After adding the allowances and subtracting the deductions, the in-hand salary becomes around Rs 76,430.

IBPS PO Gross Salary

Gross Salary, by definition, means the salary the employee receives before any deduction is made. It represents the full salary package of the employee. The IBPS PO Gross Salary 2026 is in the range of ₹90,000 to ₹90,732.77 per month. It includes House Rent Allowance, Dearness Allowance, Special Allowance, City Compensatory Allowance and more.

IBPS PO Promotion Policy 2026

Most public sector banks have to follow a common framework for promotion. This framework is laid down by the Ministry of Finance, Government of India. When it comes to moving up the ladder, there are two ways to get a promotion. One is through merit, where performance, exams, and achievements matter more. The other is the normal channel, which is based largely on seniority and experience over time.

As for growth after joining as a Probationary Officer, the career path is structured. An officer in JMGS I (Junior Management Grade Scale I) typically earns around ₹52,000 to ₹55,000 per month. With promotions, officers move into higher scales such as MMGS II and MMGS III, which fall under middle management, and later into SMGS IV and SMGS V, which are senior management levels with greater responsibility and higher pay.

IBPS PO Salary After 5 Years

In the early years, the IBPS PO pay scale grows at a steady pace, with a ₹2,000 increment added each year to the basic pay. Over the first 5 years, this results in a total rise of ₹10,000 in basic salary.

Here’s how it looks after 5 years of service:

IBPS PO 2026 Job Profile

The IBPS PO is one of the most respected positions in the banking sector. It is an entry-level managerial position and comes with responsibilities right from the start. Once selected, the IBPS PO has to learn how the bank runs and gradually has to start taking charge of the important branch work.

Every IBPS PO has to serve a probation period where they are given hands-on training around daily banking functions like handling accounts, basic finance work, billing processes, investments and revenue-related tasks. By the end of the training, they are able to manage the core banking operations.

A big part of the job is customer interaction. An IBPS PO deals with account holders directly, listens to their problems, and helps resolve issues related to accounts, loans, cards, or transactions. At the same time, the officer keeps an eye on branch operations, ensuring that routine work runs smoothly and rules are being followed. Here are the responsibilities of an IBPS PO:

Note: This estimate is for officers who remain in the same scale. If you are promoted to Scale II (Manager) within these 5 years, your salary shifts to a higher pay level with better allowances and overall compensation.

IBPS PO Career Growth

An IBPS PO role offers various career advancement opportunities to the employee. The growth is gradual, well-structured, and takes place through departmental exams. With good performance, experience, and expertise, an IBPS PO can grab promotions and rise to higher levels. Official information related to IBPS are available on www.ibps.in. Given below are some of the routes an IBPS PO employee can take to excel in their career:

1. Middle Manager – Middle Management Grade Scale 2
 2. Senior Manager – Middle Management Grade Scale 3
 3. Chief Manager – Senior Management Grade Scale 4
 4. Assistant General Manager – Senior Management Grade Scale 5
 5. Deputy General Manager – Top Management Grade Scale 6
 6. General Manager – Top Management Grade Scale 7
 7. Executive Director
 8. Chairman and Managing Director

Is the IBPS PO Salary Really Worth It?

Yes, the IBPS PO Salary 2026 is worth it, especially if long-term stability and linear career progression are your priority. The starting salary is Rs 48,480 with regular increment, pension benefits and promotion opportunities that make this job financially rewarding. While the job comes with high work pressure and many responsibilities, the combination of career growth and job security makes it a good career choice for aspirants.