IBPS PO Salary 2026

IBPS PO Salary

An IBPS PO joins a public sector bank as an officer in Junior Management Grade Scale-I (JMGS-I). The starting basic pay is Rs 48,480 per month.

Pay scale (JMGS-I)

Allowances

• Dearness Allowance (DA)
• House Rent Allowance (HRA) or leased accommodation
• City Compensatory Allowance (CCA)
• Medical and travel benefits
• Other allowances as per the rules of the allotted bank

The total in-hand salary depends on the bank, the city of posting and the DA rate at the time, so it differs from bank to bank. Allowances and perks are paid as per the rules of each participating bank.

Probation and growth

• Selected candidates serve a probation period as per the allotted bank's rules, during which they get training and job rotation.
• Some banks ask selected candidates to sign a service bond; the amount and period depend on the bank's rules.
• Promotion path: Scale I (Officer) → Scale II (Manager) → Scale III (Senior Manager) → Scale IV (Chief Manager) and above, through internal promotion exams and interviews.

Source: Sreedhar's CCE – IBPS PO XVI notification guide, Careers360 – IBPS PO Notification 2026