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IBPS AFO Salary 2024, Job profile, Pay Scale

IBPS AFO Salary 2024

If you’re planning to apply for the IBPS Agriculture Field Officer (AFO) exam this year and want to know about the salary, the Institute of Banking Personnel Selection (IBPS) offers an attractive salary package for selected candidates. The IBPS AFO Salary 2024 provides a good starting point for agriculture graduates aiming for a career in banking. This article gives a simple overview of the IBPS AFO salary, including benefits, allowances, and the job role.

IBPS AFO Salary 2024: Highlights

This Highlights provides detailed insights into the salary components, perks, and job responsibilities associated with the IBPS AFO position in 2024.

Name Of The Recruitment IBPS AFO Recruitment 2024
Exam Conducting Body Institute of Banking Personnel Selection (IBPS)
Category Salary
Post Agriculture Field Officer (AFO)
Basic Pay Rs.23,700

IBPS AFO Salary 2024: Pay scale

The IBPS Agriculture Field Officer (AFO) Salary 2024 provides a lucrative for candidates in the banking sector, with a starting basic salary of ₹23,700 for Scale I officers. Below is a detailed information of the salary structure, including pay scales for IBPS AFO Scale I, II, and III officers

Category Pay scale Monthly salary
IBPS AFO Officer Scale I Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 Rs. 36400
IBPS AFO Officer Scale II Rs. 31705-1145/1-32850-1310/10-45950 Rs. 48800
IBPS AFO Officer Scale III Rs. 42020-1310/548570-1460/2-51490 Rs. 64600

IBPS AFO Salary & Perks

Public sector banks provide several allowances to candidates selected through the IBPS AFO Recruitment, in addition to the base IBPS Agriculture Field Officer (AFO) Salary. These allowances enhance the overall pay, with the final amount given to employees in cash. The House Rent Allowance (HRA) and City Compensatory Allowance (CCA) vary depending on the posting location. The starting salary for an IBPS AFO is approximately ₹36,000 per month. The allowances and their respective rates are listed in the detailed table below.

IBPS AFO Salary & Perks

City Compensatory Allowance

0-4%(depends on location)

House Rent Allowance

7%-9%(Location dependent)

Special Allowance

7.75%(Scale I)

Dearness Allowance

Rs 8605.88

Miscellaneous

Rs. 4100

 

IBPS AFO In-Hand Salary

Aspirants are often interested in knowing their monthly in-hand salary, which is determined by basic pay, additional allowances, and required government deductions. The table below offers a detailed breakdown of the IBPS Agriculture Field Officer (AFO) salary for 2024, providing a clearer understanding of the take-home pay.

IBPS AFO In-Hand Salary

IBPS AFO Officer Scale I

Rs.36400

IBPS AFO Officer Scale II

Rs.48800

IBPS AFO Officer Scale III

Rs.64600

IBPS AFO Salary Slip 2024

The salary slip includes all components of the IBPS AFO Monthly Salary, such as basic pay, perks, allowances, and monthly deductions. SSCADDA has provided a sample salary slip for an employee who joined as an Agriculture Field Officer (AFO) in 2020.

IBPS AFO Salary 2024, Job profile, Pay Scale_3.1IBPS AFO Job Profile

It is important for the aspirants to know what kind of work they will have to do after becoming Agriculture Field Officers. AFOs have a number of responsibilities, particularly in rural areas. The primary responsibility of those hired to fill the position of Agriculture Field Officer (AFO) is to inform farmers about the bank’s financial products and services. The additional duties of IBPS AFO employees include:

  • The AFO is responsible for promoting rural funding.
  • The function of AFO is to give loans to farmers as well as people related to agriculture.
  • Make sure that the farmers are receiving the loans.
  • Examine the loans for agriculture.
  • Examine the instances of failed crops
  • Educating farmers about the bank’s particular programs and perks
  • Spend more money in rural areas

IBPS AFO Career growth

The candidates chosen for the post of IBPS AFO offered fantastic professional advancement. Below is a list of the IBPS AFO’s promotion structure.

  • Officer/Assistant Manager
  • Manager
  • Senior Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
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FAQs

What is the basic pay for IBPS AFO?

The basic pay for an IBPS Agriculture Field Officer (AFO) is ₹23,700.

What is the career growth for IBPS AFO?

IBPS AFOs have a promising career path, with opportunities to advance to senior positions, potentially reaching the level of General Manager.

What is the IBPS AFO Pay Scale?

The pay scale for IBPS AFO is ₹23,700-980/7-30,560-1145/2-32,850-1310/7-42,020.

What is the IBPS AFO Job Profile?

Agriculture Field Officers (AFOs) have key responsibilities, particularly in rural areas. Their main role is to inform farmers about the bank’s financial products and services, among other duties.