IBPS RRB PO Scale 1 Officer Salary 2024 - In Hand Salary, Job Profile, Career Growth

IBPS RRB PO Salary 2024

IBPS, or the Institute of Banking Personnel Selection, operates as an autonomous recruitment body tasked with enlisting eligible Indian candidates for various positions across different banking organizations in the country. The institution conducts online examinations to fill vacancies in both commercial and rural banks. The IBPS is therefore, one of the largest recruiting organizations and is responsible for recruitment in various commercial and rural banks. Like other commercial banks, the employees of RRBs also receive attractive packages, which include handsome salaries along with other facilities and allowances. The IBPS is expected to finally release the much-awaited official IBPS RRB notification 2024 in the coming months. According to the IBPS annual calendar 2024-25, the IBPS RRB exam will happen between August, September, and October 2024. The RRB PO notification is not yet out, so its not confirmed if the salary scale will change anytime soon. For now, let’s discuss the RRB scale 1 salary as per the previous schedule. As per the previous notification, the starting in-hand salary of an IBPS RRB PO Officer can range from Rs 45,000 to Rs 50,000 / month. Further details regarding the IBPS RRB PO salary can be inferred from the table below.

IBPS RRB PO Perks and Allowances

Besides the handsome RRB scale 1 salary, you will also be entitled to various perks, benefits and allowances when you work in this field. Some of the benefits you will receive as an IBPS RRB PO 2024 are listed below.

Travel Allowance: The IBPS RRB Scale 1 PO salary also includes travel allowances that provide employees with the benefits of spending more time with their families.

Medical Benefit: The RRB Scale 1 PO Salary also includes medical reimbursements for employees and their immediate families.

Dearness Allowance: The RRB Scale 1 PO salary also includes the dearness allowances that provides more comforts to the employees.

House Rent Allowance: Like the DA, the HRA is also an additional benefit offered to the employees besides the RRB Scale 1 PO salary.

Special Allowance: Along with these other benefits, the employees also get offered the special allowance besides the RRB PO Scale 1 salary.

IBPS RRB Scale 1 Officer Job Profile

If you are selected as an IBPS RRB Scale 1 Officer, you will have to go through a 2-year probation period. During this probation period, RRB PO will receive a fixed amount of salary, which will not be at par with the usual salary of a Scale 1 Officer. Once the training period is over, you will be designated as Assistant Manager. Some of the basic tasks and duties that an IBPS RRB PO performs are as follows-

Regulating Banking Activities: An RRB Scale 1 officer regulates and oversees all functions of a commercial bank. They make sure thatactivities are conducted timely and according to plan.

Supervising Loans and Credit Facilities : They also promote loans and credit facilities provided by the Rural Bank to farmers for agricultural development. They also explain the advantages of these options to those who need it.

Credit Assessment: They also check out how worthy the loan applicants are and assess their ability to repay loans. They do this to prevent them from becoming Non-Performing Assets (NPAs), which can negatively impact the economy.

Loan Repayment Management: RRB officers also maintain accurate records of loans issued to various entities. They remind borrowers of their repayment obligations, and taking necessary actions. This includes property mortgaging, to recover outstanding loans if required.

Public Communication: They also engage with the public and disseminate information about different policies and schemes introduced by the bank to benefit local communities.

Audit and Financial Reporting: They also maintain the bank’s annual balance sheet, reviewing financial reports, and preparing audit reports for the fiscal year, ensuring accurate comparison with previous year’s data to assess profitability.

Scheme Implementation: RRB officers also effectively implement government schemes aimed at rural area development and managing the allocation of funds provided by the central government to beneficiaries.

IBPS RRB PO Preparation Strategy

If you are motivated to start your IBPS RRB PO Scale 1 2024 exam journey, then motivate yourself some more after reading the IBPS RRB PO salary. You need to have a basic preparation strategy that is applicable to most of the exams and some minor changes fulfill the respective exam need. So some basic tips that you can follow for IBPS RRB PO 2024 exam are as follows-

Understand the Exam Pattern: Get hold of the IBPS RRB PO syllabus and exam pattern and follow it carefully. This will allow you to plan your exam preparation better.

Strategize your preparation: Another step you can take is to divide the subjects according to your priority and prepare accordingly so that you don’t waste much time.

Focus on all subjects: Do not ignore any subject, even if your foundation in the topic is a little shaky, Make sure you are completely thorough with all the topics you are studying.

Set practical goals: If you are preparing for the exam, make sure you set goals you can achieve and plan out your studies accordingly.

Practice Online Tests: If you are preparing for the IBPS PO RRB Scale 1 exam, you need to prepare with assistance from different resources like the IBPS RRB PO previous year papers and IBPS RRB PO 2024 online mock tests.

IBPS RRB PO Career Growth

For those looking to boost their career in IBPS RRB PO Scale 1, you need to have a basic understanding about the career growth you get. Besides the lucrative RRB PO Scale 1 salary, you get the opportunity to grow your career to new heights. Take a look at the career growth you can expect from this position below.

• Assistant Manager
• Deputy Manager
• Branch Manager
• Senior Branch Manager
• Chief Manager
• Assistant General Manager
• Deputy General Manager
• General Manager