Landing a banking job is a dream for many young aspirants in the country. Offering good financial stability, technical knowledge, and work-life balance, the banking sector is a niche that provides endless opportunities.
The Institute of Banking Personnel Selection is the regulatory body that conducts recruitment exams to offer IBPS RRB officer posts in many of the Regional Rural Banks.
If you are one of the aspirants preparing to take up the exams, you will probably be wondering regarding the IBPS RRB salary and the pay scale for different posts.
As per the latest bipartite settlement, the salary details for the different IBPS RRB posts are discussed here.
Posts You Can Apply For
The IBPS RRB test is mainly conducted for recruiting candidates for the following posts:
- IBPS RRB Officer Scale I or Probationary Officer
- IBPS RRB Officer Scale 2, Specialist, Generalist
- IBPS RRB Officer Scale 3, Manager
- IBPS RRB Office Assistant, Clerk
The selection process takes place in two levels: Group A and Group B.
The Group A officers level includes the posts Scale I, 2, and 3, and the Group B assistants level include the clerk and multipurpose office assistant posts.
Before you apply for the exams, here is everything you should know about the IBPS RRB salary structure.
In-Hand Salary
The In-hand salaries as per different IBPS RRB posts are:
- IBPS RRB Assistant – 15,000 – Rs.20,000
- IBPS RRB Officer – 28,000 – Rs.32,000
- Officer Scale 2 – 32,000 – Rs.38,000
- Officer Scale 3 – 38,000 – Rs.45,000
IBPS RRB Assistant In-Hand Salary
The Office Assistants’ In-Hand salary ranges from Rs.16 000 to 20,000/- and it varies depending on the organization. If you are a new recruit, you will be offered 100{e8320b3a48b868d914fa32d2d6dd13b99d3fcdd8bc3f2724f7c5e8c2702076aa} of the Dearness Allowance.
The IBPS RRB Clerk or Office Assistant pay scale is Rs. 7200-(400/3) – 8400-(500/3) – 9900-(600/4) – 12300-(700/7) – 17200-(1300/1) – 18500-(800/1) – 19300.
IBPS RRB Salary – Officer Scale I
The basic pay scale for Officer Scale I range from Rs. 23700-(980/7) – 30560-(1145/2) – 32850-(1310/7).
IBPS RRB Salary – Officer Scale 2
The salary for candidates belonging to Officer Scale 2, including Generalist and Specialist category, is Rs.33 000 to Rs.39 000.
IBPS RRB Salary – Officer Scale 3
The IBPS RRB salary for senior managers categorized under Officer Scale 3 ranges from Rs.38 000 to Rs.44 000.
IBPS RRB Salary Allowance
The IBPS RRB salary includes House rent and Dearness Allowances for all scales.
- The House Rent Allowances for the urban areas is 10{e8320b3a48b868d914fa32d2d6dd13b99d3fcdd8bc3f2724f7c5e8c2702076aa} of the basic pay; for the semi-urban areas, it is 7.55{e8320b3a48b868d914fa32d2d6dd13b99d3fcdd8bc3f2724f7c5e8c2702076aa} and 5{e8320b3a48b868d914fa32d2d6dd13b99d3fcdd8bc3f2724f7c5e8c2702076aa} for the rural areas.
- The Dearness Allowance is allocated around 46.5{e8320b3a48b868d914fa32d2d6dd13b99d3fcdd8bc3f2724f7c5e8c2702076aa} of the basic pay.
- 75{e8320b3a48b868d914fa32d2d6dd13b99d3fcdd8bc3f2724f7c5e8c2702076aa} is given in the form of special allowances.
Other than these standard options, depending on the type of organization, you may also get extra allowances in the form of,
- Pension Schemes
- Travel Allowances
- Medical Reimbursement
- Newspaper Allowances
- Leased Accommodation
- Other Miscellaneous Allowances
The banking sector and the scope of IBPS RRB posts do not let you down when it comes to the salary package. Beginning with a good starting salary, you will be offered attractive allowances and incentives to lead a comfortable life.