Union Home Minister Amit Shah reviewed the 70th passing out parade on the Academy premises.
The probationers included 57 engineering graduates and 11 medicos, while seven hold a Masters degree in business administration.
Besides the 92 IPS probationers, six officers from the Royal Bhutan Police and five from Nepal Police also passed out of the Academy.
Academy Director Abhay said the probationers completed 42 weeks of first phase training, 28 weeks of district practical training, four weeks of attachment and 13 weeks of phase-2 training.
Most of the probationers come from ordinary backgrounds. Gaush Alam of Delhi, allotted to the Telangana cadre, received the Prime Minister's Baton and the Home Ministry's Revolver for best all round probationer.
Alam also received the Mehta Cup for studies and the BSF trophy for proficiency in outdoor subjects.
Originally hailing from Gaya district in Bihar, Alam was brought up in Delhi. His father was a Subedar in the Army and died when he was very young.
A mechanical engineer from IIT-Bombay, Alam also worked in a multi-national company before appearing for UPSC exam.
Richa Tomar of Uttar Pradesh received the 1973 IPS batch trophy for the best all round lady probationer. Daughter of a farmer from Uttar Pradesh, she has been allotted to Rajasthan.
Richa, mother of a two-and-a-half-year-old son, is the fourth of the six children, and her husband is an Assistant Commissioner of Police in Delhi.
Krishna Khadka of Nepal Police received thw IPS Association Sword of Honour for best outdoor probationer.
Among the passing out IPS probationers, 14 have been allotted to Uttar Pradesh, while eight to West Bengal and seven to Maharashtra. Telangana and Andhra Pradesh have been allotted three probationers each. One each has been allotted to Jammu and Kashmir, Assam and Meghalaya, Chhattisgarh, Himachal Pradesh, Sikkim and Tripura.
( With inputs from IANS )