IBPS Clerk Salary 2021: Check in-hand salary, payscale, allowances, benefits

Institute of Banking Personnel Selection conducts IBPS Clerk Recruitment Exam to recruit eligible and interested candidates to the post of Clerk in various banks. For the year of 2021 IBPS had released  7858 vacancies, this is the golden chance for all the banking aspirants. The candidates who make it through the examination are recruited as Clerks in various Banks. The candidates who join as Clerks in different Indian banks after clearing IBPS Clerk Exam receive a handsome amount of salary. IBPS Clerk is salary as per the basic pay decoded by the banks. According to the official notification, the IBPS Clerk are provided with a handsome salary which ranges from  Rs. 11,765 to Rs. 31,540. Along with the basic pay, IBPS Clerk staff are also allowed with major allowances like DA, HRA, TA, and Medical allowances. The In-hand salary for the IBPS Clerk is Rs. 19,461 for those who join initially. The candidates can attempt JAIIB and CAIIB exams to get promotions in the bank on higher posts. Read this article to know all about IBPS Clerk Salary and job profile. If you are preparing for competitive exams and are looking for expert guidance, you can check out our monthly FREE Current Affairs Ebook- Download Now. 

 

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Table of Contents

IBPS Clerk Salary
IBPS Clerk Salary Structure
IBPS Clerk Allowances and Benefits
IBPS Clerk Job Profile
IBPS Clerk Career Growth
IBPS Clerk Salary FAQs

 

IBPS Clerk Salary

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 In-hand salary for the IBPS Clerk is Rs. 19,461 for those who join initially. The salary of the Bank Employees was revised on January 01, 2016, on the basis of bipartite settlement.

 

IBPS Clerk Salary Structure

The detailed salary structure is as follows:

IBPS Clerk salary	Pay in Rupees
Pay-Scale	Rs 13075
Dearness Allowance	7073
House Rent Allowance	980
Transport Allowance	425
Professional Allowance	800
Special Personal Allowance	1561
Gross Salary	Rs 25,000- Rs 28,000
Net Deduction	Rs 2000
Net Salary	Rs 22,000-Rs 25,000

 

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
• Travel Allowance
• Medical Allowance
• House Rent Allowance
• Personal Allowance
• Other Allowances  

 

IBPS Clerk Job Profile

The candidates can check out the IBPS Clerk Job Profile in the space below:

• An IBPS Clerk has to verify various documents and proofs submitted by the customers

• Their work is to update the passbook of account holders

• IBPS Clerks are responsible for the bank cash, various important documents, keys etc.

• They sanction the withdrawals by the customers

• Their work is to maintain the various documents of the banks, balance sheet and ledger entry

• They help in resolving the problems faced by the customers.

IBPS Clerk Eligibility

IBPS Clerk Syllabus

Best Books For IBPS Clerk

IBPS Clerk Notification

IBPS Clerk Career Growth 

The IBPS Clerk get 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 promotion order for the IBPS Clerk are as follows:-

• Bank Clerk

• Officer/Assistant Manager

• Manager

• Senior Manager

• Chief Manager

• Asst. General Manager

• Deputy General Manager

• General Manager

 

IBPS Clerk Salary FAQs

Ques 1: How much does an IBPS Clerk make per month?

Ans 1:  A IBPS Clerk makes at least Rs 25,000 to Rs 27,000 per month 

Ques 2:What is the basic salary of an IBPS Clerk?

Ans 2: The basic salary of an IBPS Clerk is Rs.13075.  

Ques 3:Which is the minimum pay scale for a Clerk in any Indian bank?

Ans 3: The minimum pay scale for a Clerk in any Indian bank is Rs 11765-655/3- 13730-815/3- 16175-980/4- 20095-1145/7- 28110-2120/1- 30230/1310-1- 31540.

Ques 4:Do you get a salary after the IBPS Clerk exam?

Ans 4: No salary is only received once the candidate joins the department as a Clerk. 

Ques 5:Is there any career growth for the IBPS Clerk?

Ans 5: Yes, the candidates can appear in the internal exam and seek promotions to the posts of Officer/Assistant Manager, Manager, Senior Manager and Chief Manager.

Also, read for more information:

IBPS SO Salary

IBPS RRB Clerk Salary

IBPS RRB PO Salary

SBI Apprentice Salary

SBI Pharmacist Salary