First Salary Slip of IBPS PO After Wage Revision|New Joinee First Month Salary Slip after Settlement

Summary

This video provides a detailed breakdown of the salary structure for new IBPS PO (Probationary Officer) joiners in 2024, explaining base salary, allowances, and how exams like JAIIB and CIB can significantly boost earnings. It covers the impact of clearing JAIIB, which adds ₹33,000 annually, and CIB, which brings additional increments of ₹15,000 per month. The video also highlights deductions like professional tax and pension contributions, offering a comprehensive understanding of how exam qualifications can result in substantial salary increases and career growth in the banking sector.

Takeaways

• 😀 The video discusses the salary details of IBPS PO (Probationary Officer) employees, including the components of their gross salary and deductions.
• 😀 It explains the benefits of clearing JAIIB (Junior Associate of the Indian Institute of Bankers) and CIB (Certified Associate of the Indian Institute of Bankers) exams, which can significantly increase the salary of banking employees.
• 😀 Clearing JAIIB and CIB exams can lead to increments in salary, with JAIIB providing one increment and CIB offering two, making a total of three increments without promotions.
• 😀 The script highlights the importance of these banking exams for increasing salary and improving career prospects in the banking sector.
• 😀 A new employee joining as an IBPS PO will have a gross salary around ₹7450–₹7670 with different allowances such as D.A., city compensatory allowance, and special allowances.
• 😀 Deductions from the salary include professional tax, union contributions, and pension fund contributions, with a total deduction of around ₹1795.
• 😀 After deductions, the net salary for a new IBPS PO employee is approximately ₹8328–₹8410 per month.
• 😀 Clearing the JAIIB exam increases the yearly salary by approximately ₹33,000, a significant boost in annual income.
• 😀 The video emphasizes the value of preparing for banking exams like JAIIB from the start to clear them on the first attempt, which is beneficial both financially and in terms of career growth.
• 😀 The video encourages viewers to subscribe and engage with the channel for more updates and tips related to banking exams and career development.

Q & A

What is the base salary for a new IBPS PO joinee in March 2024?

The base salary for a new IBPS PO joinee in March 2024 is ₹8,480.

How does the Dearness Allowance (DA) affect the salary of an IBPS PO?

The Dearness Allowance (DA) for a new IBPS PO joinee is ₹7,259, which is included in the total salary package. It has seen a reduction after the 12-by-parted settlement due to its merger, but other allowances have increased.

What is the purpose of the City Compensatory Allowance (CCA) for IBPS PO employees?

The City Compensatory Allowance (CCA) is ₹300 and is intended to compensate for the higher cost of living in urban areas where the IBPS PO employee is posted.

How much does a new IBPS PO joinee earn in total gross earnings?

A new IBPS PO joinee has gross earnings ranging between ₹7,450 and ₹7,670, which includes various allowances like DA, CCA, and special allowances.

What are the typical deductions from an IBPS PO's salary?

The typical deductions from an IBPS PO's salary include ₹250 for professional tax, ₹200 for union contributions, and ₹5,610 for pension fund contributions, with a total deduction of ₹1,795.

What impact does passing the JAIIB exam have on an IBPS PO's salary?

Clearing the JAIIB exam increases the annual salary by approximately ₹33,000, with a monthly difference of ₹2,270, resulting in a significant salary boost.

What is the benefit of passing the CAIIB exam for an IBPS PO?

Passing the CAIIB exam results in a salary increment of around ₹15,000 per month, contributing to long-term financial gains.

Why is it important for IBPS PO employees to pass the JAIIB and CAIIB exams?

These exams are crucial for career progression in the banking sector as they provide salary increments and open up opportunities for promotion, while also offering reimbursement of exam fees if passed on the first attempt.

What is the total net salary for a new IBPS PO joinee without passing any banking exams?

The net salary for a new IBPS PO joinee, after all deductions, is approximately ₹8,328–₹8,428 per month.

How much more can an IBPS PO earn annually by clearing both the JAIIB and CAIIB exams?

By clearing both the JAIIB and CAIIB exams, an IBPS PO can earn an additional ₹48,000 annually, with a significant increase in monthly earnings due to the increments received after passing these exams.