Looking for IBPS Clerk salary? If yes, then you have reached the right page. The Institute of Banking Personnel Selection conducts IBPS Clerk Recruitment Exam to recruit eligible and interested candidates for the post of Clerk. All those candidates preparing to appear for this exam should know all details about the post and job profile. IBPS Clerk salary in particular is a very handsome amount. The payscale is Rs.19,900-1,000/1-20,900-1,230/3-24,590-1,490/4-30,550-1,730/7-42,600-3,270/1-45,930-1,990/1-47,920.
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There are also many allowances and benefits that Clerks in IBPS receive. Read this article to know complete IBPS Clerk salary and other details. Join IBPS Clerk Course here.Go through our E-Books
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Table of Content
- IBPS Clerk Salary
- IBPS Clerk Salary Structure
- IBPS Clerk In-Hand Salary
- IBPS Clerk Allowances and Benefits
- IBPS Clerk Job Profile
- IBPS Clerk Career Growth
IBPS Clerk Salary 2023
The main reason behind candidates opting for the IBPS Clerk is the salary structure which ranges from Rs. 11,765 to Rs. 31,540. The first Basic Pay for IBPS Clerk 2021 is Rs 19,900. The IBPS Clerk Pay Scale is Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The salary of the Bank Employees was revised on January 01, 2016, on the basis of bipartite settlement. The detailed payscale is as follows:
Basic Pay | Amount |
---|---|
Initial Basic Pay | Rs 19,900 with a yearly increment of Rs1000 for three years |
Basic Pay after 3 years | Rs 20,900, with a yearly increment of Rs 1230 for the next three years |
Basic Pay after the next 3 years | Rs 24,590, with a yearly increment of Rs 1490 for the next four years |
Basic Pay after the next 4 years | Rs 30,550, with a yearly increment of Rs 1730 for the next 7 years |
Basic Pay after the next 7 years | Rs 42,600, with a yearly increment of Rs 3270 for the next year |
Basic Pay after the next 1 year | Rs 45,930, with a yearly increment of Rs 1990 for the next year |
Basic Pay after next year 1 year | Rs 47,920 (maximum Basic Pay) |
Also Read:
IBPS Clerk Exam Pattern | IBPS Clerk Syllabus | IBPS Clerk Admit Card |
IBPS Clerk Eligibility | IBPS Clerk Cut Off | IBPS Clerk Vacancy |
IBPS Clerk Salary Structure
The salary structure for IBPS Clerk is well defined.
It hights the pay scale, allowances, deductions if any and so on.
The gross salary of a IBPS Clerk is a handsome amount.
The detailed IBPS Clerk salary structure is as given below:
IBPS Clerk salary |
Pay in Rupees |
Pay-Scale |
Rs.19900 |
Dearness Allowance |
Rs.5209.82/- |
House Rent Allowance |
Rs.2039.75/- |
Transport Allowance |
Rs.757.08/- |
Professional Allowance |
Rs. 800 |
Special Personal Allowance |
Rs. 1561 |
Gross Salary |
Rs.32,024.65/- |
Net Deduction |
Rs.2570.98/- |
Net Salary |
Rs.29453.67/- |
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Population More Than 45 lakhs | Population Less Than 45 lakhs | |
Basic Pay | Rs 11765 | Rs 11765 |
Dearness Allowance | Rs 5311 | Rs 5311 |
Travel Allowance | Rs 425 | Rs 425 |
Special Allowance | Rs 911 | Rs 911 |
House Rent Allowance | Rs 1176 | Rs 1058 |
Total IBPS Clerk Salary | Rs 19588 | Rs 19470 |
Once the 11th Bipartite Settlement is levied, employees can expect an increment of 20% to 30% in the salary for IBPS Clerk post.
Check the list of best books for IBPS Clerk here!
Also, read for more information:
IBPS SO Salary | IBPS RRB Clerk Salary | IBPS RRB PO Salary | SBI Apprentice Salary | SBI Pharmacist Salary |
IBPS Clerk In-Hand Salary
In-hand salary is what is received by the employee after all the deductions. IBPS clerk have a handsome in-hand salary. The In-hand salary for the IBPS Clerk is Rs. 19,461 for those who join initially which increases as the number of years of service keep increasing.Initial Basic Pay | Rs 19,900 with a yearly increment of Rs 1000 |
Basic Pay after 3 years | Rs 20,900 with a yearly increment of Rs 1230 for the next three years. |
Basic Pay after the next 3 years | Rs 24,590 with a yearly increment of Rs 1490 for the next four years. |
Basic Pay after the next 4 years | Rs 30,550 with a yearly increment of Rs 1730 for the next 7 years. |
Basic Pay after next 7 years | Rs 42,600 with a yearly increment of Rs 3270 for the next one year. |
Basic Pay after next 1 year | Rs 45,930 with a yearly increment of Rs 1990 for the next one year. |
Basic Pay after next year | Rs 47,920 (Maximum Basic Pay). |
The minimum basic pay of an IBPS clerk is Rs. 19,900/- and the maximum goes to Rs. 47,920.
IBPS Clerk Allowances and Benefits
Apart from a handsome amount of salary IBPS Clerk also enjoy various allowances and benefits which are as follows:- Dearness Allowance: This component is 4 per cent of the Basic Pay. DA depends on the CPI and is revised after every three months.
- Travel Allowance: The official tours and travels will be reimbursed by the bank.
- Medical Allowance: For IBPS Clerks, the amount is fixed at INR 2000. Medical allowance is provided once in a year.
- House Rent Allowance: The HRA is dependent on the location of the posting. It is 8.5 per cent of the Basic Pay for Metro Cities, 7.5 per cent of the Basic Pay for cities having a population of more than 5 lakhs, and 6.5 per cent of the Basic Pay for other cities.
- Personal Allowance
- Other Allowances
Also, read for more information:
IBPS SO Salary | IBPS RRB Clerk Salary | IBPS RRB PO Salary | SBI Apprentice Salary | SBI Pharmacist Salary |
The details of allowances are as follows:
Dearness Allowance | Rs.5209.82/- |
Special Allowance | Rs.4118/- |
Transport Allowance | Rs.757.08/- |
CCA | Rs.0/- |
House Rent Allowance(HRA) | Rs.2039.75/- |
Gross Pay | Rs.32,024.65/- |
IBPS Clerk Job Profile
The candidates can check out the IBPS Clerk Job Profile in the space below:
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An IBPS Clerk has to verify various documents and proofs submitted by the customers
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Their work is to update the passbook of account holders
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IBPS Clerks are responsible for the bank cash, various important documents, keys etc.
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They sanction the withdrawals by the customers
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Their work is to maintain the various documents of the banks, balance sheet and ledger entry
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They help in resolving the problems faced by the customers.
IBPS Clerk Career Growth
The IBPS Clerk gets promoted either on the basis of seniority or clearing the departmental exams held by the bank.
Candidates who get promotions based on their seniority level do not require to clear the departmental exams like JAIIB and CAIIB Diploma.
But the candidates who clear the JAIIB and CAIIB exams are promoted to the Trainee Officers level and then the Bank Probationary Officers (PO).
The career and promotion opportunities that follow post the IBPS Clerk post are given below:
- Scale 1 – Officer / Assistant Manager
- Scale 2 – Manager
- Scale 3 – Senior Manager
- Scale 4 – Chief Manager
- Scale 5 – Asst. General Manager
- Scale 6 – Deputy General Manager
- Scale 7 – General Manager.
IBPS Clerk Responsibilities
It must be noted that with the salary of IBPS Clerk and the benefits provided to an employee working in the clerical cadre, the responsibilities are also very high.
Dealing with customers is the main duty of an IBPS Clerk. A clerk's duties include responding to client questions, educating clients on the necessary paperwork and formality, and supporting Senior Managers.
The various responsibilities that come along with the post of IBPS Clerk are as follows:
- Verification of multiple documents and proofs submitted by the customers.
- Passbook, Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc.
- Resolving the various issues of the customers.
- Guiding customers relating to various banking activities.
- Passbook update
- Managing the cash deposits and withdrawals
- Attending treasury works
- Single Window Operation
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Bank Clerk
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Officer/Assistant Manager
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Manager
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Senior Manager
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Chief Manager
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Asst. General Manager
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Deputy General Manager
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General Manager