Salary and Cut Off for IBPS RRB Scale I

What is the Salary and Cut Off for IBPS RRB Scale I?

The Institute of Banking Personnel Selection (IBPS) is the governing body that releases the IBPS RRB PO Scale I cut off every year. The IBPS RRB PO Scale I exam is conducted on a year-on-year basis to select candidates for Officer Scale I in various regional rural banks across the country. 

The IBPS released a supplementary notification on September 23, 2020, with details of the vacancies. 

There are three major IBPS RRB exams: IBPS RRB Officer Scale I (IBPS RRB PO), IBPS RRB Officer Scale I & II, and IBPS RRB Office Assistant. Here’s a look at the IBPS RRB Officer Scale I cut off and salary perks. 

Applying Online for the post of IBPS RRB PO Scale I 

This year, the online application process for IBPS RRB PO Scale I was started on July 1, 2020, and extended to July 21, 2020. A second phase was started much later on October 26, 2020, and extended up to November 9, 2020, for the same position of Officer Scale I. 

The application form can be downloaded and submitted online only on the official website of IBPS.

The fees can be paid online after fulfilling the eligibility criteria, only after which the application process is completed, and prospective candidates are issued IBPS RRB PO admit cards. 

IBPS RRB PO Scale I Cut Off

The IBPS RRB PO Scale I cut off for the candidates appearing for Officer Scale I examination is released by the conducting body (IBPS). The cut off is released utmost within a week after the declaration of the results. 

The selection procedure for IBPS RRB PO Scale I include the following:

  1. Prelims for IBPS RRB
  2. Mains for IBPS RRB
  3. The Final Interview

IBPS RRB PO Scale I Salary Structure

One of the main reasons prospective applicants prepare hard for the IBPS RRB PO Scale I position is the attractive salary. The actual take-home figure will vary according to the scale. 

Here is the detailed break-up:

IBPS RRB Officer Scale I                         Rs. 29, 000 to 33,000 (in-hand)

Apart from the basic salary, the salary package includes Dearness Allowance (DA) and House Rent Allowance (HRA) detailed below:

Dearness Allowance (DA)                      46.5% of the basic salary

House Rent Allowance (HRA)               Rural Areas: 5% of basic pay

                                                               Semi-Urban Areas: 7.5% of basic pay

                                                               Urban Areas: 10% of basic pay

Apart from the above allowances, IBPS RRB IBPS RRB Officer Scale I salary package includes:

  • Travel Allowances: The money spent on travelling can be claimed (fare or petrol/diesel expenses).
  • Leased Accommodation:  Employees are provided housing quarters, for which a nominal rent is charged. Alternatively, if accommodation is not available, employees may lease a house, and the bank pays the monthly rental amount.
  • Medical Reimbursement: Employees are entitled to a fixed amount for medical treatment.

Apart from the above, pension schemes and other miscellaneous allowances like Leave Travel Allowance (LTC) are paid for annual vacations.

Summing it Up

The attractive salary package offered by IBPS RRB for Scale I officers is one of the primary reasons why many candidates appear for the entrance exams.  Besides job security, the working conditions are right, and the office environment is often pleasing and friendly.