The Institute of Banking Personnel Selection has released the official IBPS RRB 2020 Notification for the recruitment of Assistant and Officer posts in Regional Rural Banks (RRB). Are you an aspirant of IBPS RRB? Then, go through the complete post to know the IBPS RRB Salary, allowances, and more.

  • Before filling the online form, it is important for candidates to be aware of the salary and job profile to keep motivated throughout their preparation.
  • The average in-hand salary of an Officer Scale-I ranges from Rs. 45000 to Rs. 50000 while RRB office assistant salary is Rs.15000 to Rs. 20000 per month.
  • Apart from the salary, officers and assistants are entitled to get many other allowances, perks, and benefits.
  • In this post, we have provided in-depth information about the job profile and career growth along with the details of IBPS RRB Salary 2020.
  • Candidates must be aware of the IBPS RRB Cut Off as it will help them to understand the exam in a better way.

IBPS RRB Salary 2020

The posts of Officer Scale I, II, III will come under the Group A Category whereas Office Assistant post comes under the Group B Category. As per the notification, the IBPS RRB salary structure varies according to the grade.

  • The in-hand salary of RRB PO ranges between Rs. 29,000 to Rs. 33,000.
  • Candidates are advised to go through the IBPS RRB Vacancy to know post-wise and category-wise vacancies for Officer Scale I, II, III, and Office Assistant.
  • Every year, lakhs of students appear for the exam due to the handsome IBPS RRB Salary and job profile.
  • The job responsibilities of an IBPS RRB employee includes providing agricultural loans to farmers, performing loan recovery actions, evaluate annual balance sheets and reports, etc.
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IBPS RRB In-Hand Salary 2020

The in-hand salary of officer and assistant posts of IBPS RRB differs due to different work profile. As per the notification, the IBPS RRB Scale 2 Officer salary ranges between Rs. 33,000 to Rs. 39,000. Let us have a look at the table below to know detailed IBPS RRB Salary as per the post.

IBPS RRB Posts IBPS RRB salary (In-hand Salary)
IBPS RRB Office Assistant (Multipurpose) Rs. 15000 to Rs.19000
IBPS RRB Officer (Scale I) Rs. 29,000 to Rs. 33,000
Officer Scale-II Rs. 33,000 to Rs. 39,000
Officer Scale III Rs. 38,000 to Rs. 44,000

IBPS RRB Scale 1 Officer Salary

The pay scale of IBPS RRB Scale 1 Officer is Rs 23700-980/7-30560-1145/2-32850-1310/7-42020. The in-hand salary of RRB Scale 1 officer varies from Rs 45,000/- to Rs 50,000/- at 100% DA.

  • Candidates need to complete the two years probation period after selecting for the post of  Scale 1 Officer.
  • During the probation period, candidates will receive the fixed salary which is less than the normal pay scale.
  • Candidates will get promoted to Assistant Manager Post after the successful completion of the probation period.

IBPS RRB Officer Assistant Salary

The pay scale for Office Assistant is Rs 7200-(400/3)-8400--(500/3)-9900-(600/4)-12300-(700/7)-17200-(1300/1)-18500-(800/1)-19300. 

  • The In-hand salary of the Office Assistant varies from Rs 15,000-20,000/- at 100% DA.
  • The IBPS RRB Officer Assistant has less work pressure compared to similar posts of other nationalized banks.

IBPS RRB Officer Assistant Salary Structure

The net salary of IBPS RRB Office Assistant Salary is Rs. 23875 and after directions, he/she will get Rs. 21, 875 as in-hand salary per month. Along with the basic salary, IBPS Regional Rural Bank Clerk Salary includes house rent allowance, dearness allowance, DA on a special allowance, and Special pay. Let us have a look at the table below to know the salary structure of IBPS RRB Clerk. 

Basic Pay 13075
Dearness Allowance 7800
House Rent Allowance 7 to 10% of the basic pay
DA on Special Allowance 8% of the basic pay
Special Pay 1000
Net Salary 23875

IBPS RRB Salary: perks & Allowances

Here, we have provided a detailed IBPS RRB Salary that includes perks and allowances. Candidates can go through the post to know the perks and allowances provided for both IBPS RRB Officer Scale 1 and IBPS RRB Office Assistant along with the salary.

IBPS RRB Officer Scale 1 Salary: Perks & Allowances

Apart from the salary of RRB PO, employees are entitled to get many other perks and allowances as mentioned below:

  • Dearness Allowance (DA): A candidate is provided with 46.5% of the basic pay along with the monthly salary.
  • House Rent Allowance: Employee will also be given house rent allowance at depends on the place of posting.
  • Special allowance: Every month, 7.75% of the basic pay is provided as a special allowance to the employee.
  • City Compensation Allowance: This allowance is offered to officers in order to compensate for their cost of living in metro cities.
  • Travel allowance: Candidates will be given full reimbursement of the money spent on petrol or diesel.
  • Medical Reimbursement: IBPS fixed a certain amount of money to its employees for their medical treatment every year.
  • Furniture Allowance: Candidates are also entitled to get full reimbursement of money spent on their furniture.
  • Household Cleaning Expenses: Employees will be provided with household cleaning expenses every month.
  • General Leave Policy: IBPS RRB Officers receives 12 casual Leaves,33 privilege Leaves and 15 medical Leaves per year. Maternity Leave will be provided for 6 months for women.
  • Travel Leave Concession: This concession can be availed by the selected IBPS RRB in a block of 2 to 4 years. The officers will be provided Guest House for themselves and the family anywhere in the country if required.
  • Newspaper Allowance

IBPS RRB Clerk Salary: Perks & Allowances

IBPS RRB Clerk will be given various perks and allowances along with salary. Here, we have provided detailed IBPS RRB Office Assistant Salary that includes allowances as well as perks.

  • Dearness Allowance: The office Assistant will be provided dearness allowance of 75.9% of basic pay.
  • Special allowance: IBPS Rural Regional Bank salary includes a special allowance of 7.75% of basic pay.
  • House Rent Allowance: The house rent allowance is also included in IBPS RRB Clerk salary and depends on the place of posting.
  • DA on Special Allowance
  • Petrol Allowance: Employees will be provided 10 litres of petrol per month under the petrol allowance.
  • Newspaper Allowance 
  • Leave Fare Concession: This concession can be availed by the selected IBPS RRB Clerk in a block of 2 to 4 years

IBPS RRB Salary With Benefits

There are numerous benefits for IBPS RRB employees and those are as follows:

  • Work Pressure and stress are comparatively less for IBPS RRB employees compared to other banks.
  • The cost of living is low since employees will get placed in rural areas.
  • Job security
  • IBPS RRB employees have a very good work-life balance compared to other bank employees.
  • Candidates are entitled to get 100% DA.
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IBPS RRB Job Profile 2020

Check the roles and responsibilities of IBPS RRB Scale 1 officer and IBS RRB Clerk posts from the post below. 

IBPS RRB Officer Scale 1 Job Profile

The IBPS RRB Officer Scale 1 job profile includes numerous tasks and those are as follows:

  • Perform regular activities of other banks including cashbook management and helping the customers.
  • Provide agricultural loans to farmers
  • Analyse the loan taker’s capacity to pay the loan back
  • Perform loan recovery actions
  • Avoid any irregularity or frauds
  • Maintain good relations with the public
  • Evaluate annual balance sheets and reports
  • Maintain audit report of the current financial year and tally with the last year’s data
  • Prepare daily reports to share with the financial authorities
  • Implement and maintain schemes issued by the Government for the upliftment of that particular area

IBPS RRB Clerk Job Profile

IBPS Rural Regional Bank Clerk salary ranges between Rs. 15,000 to Rs. 19,000 per month. After training period, the perks and allowances depend upon the performance of the candidate. Go through the roles and responsibilities of IBPS Rural Regional Bank in this post.

  • Dealing with the front desk work, the opening of new accounts, and collecting cash.
  • Handling customer operations
  • Managing inquiry corners, withdrawal, managing receipts, etc.
  • Issuing Bank statements, handling emails, and delivery

IBPS RRB Officer Career Growth

Check the career growth, promotions and opportunities of IBPS Rural Regional Bank Officer Scale 1 and Officer Assistant.

IBPS RRB Officer Scale 1 Career Growth

After successful completion of 2 years’ probation period, candidates will be appointed to the post of Assistant Manager. Let us have a look at the career growth flowchart of IBPS RRB from below:

  • Officer Scale 1 (PO)
  • Assistant Manager
  • Deputy Manager
  • Branch Manager
  • Senior Branch Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager

IBPS RRB Officer Assistant Career Growth

As per the IBPS Officer Assistant promotion process, candidates will be promoted to the next level based on their performance in the probation period. Based on your performance, you will get a chance to grow. However, a minimum of 3 years of service is required to get eligible for a promotion. Candidates will also get promoted as Probationary Officer or Assistant Manager through internal exams and based on the marks scored in JAIIB and CAIIB  exams.

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Only a set of questions asked were easy to moderate.... Rest were time consuming & difficulty level was increased this year.... Expected cutoff will be lesser than 50 for all states
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