Institute of Banking Personnel Selection conducts IBPS Clerk Recruitment Exam to recruit eligible and interested candidates to the post of Clerk in various banks. The salary for banking professionals is as the 11th Bipartite Settlement. The lucrative IBPS Clerk salary is a reason why many candidates aspire to appear for this exam.  Along with the basic pay, IBPS Clerk staff are also allowed with major allowances like DA, HRA, TA, and Medical allowances. If you are applying for IBPS Clerk Exam 2022 then you should know all the details about IBPS Clerk salary, allowances and more. Read this article to know all about IBPS Clerk salary and other details. Join our free Reasoning classes for competitive exams.

Candidates who are preparing for the IBPS Clerk examination can now check the IBPS Exam Calendar here.

 

 

Table of Contents

• 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 2022

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 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/-

 
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.

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:

• 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.

  SBI Clerk vs IBPS Clerk

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 promotion order for the IBPS Clerk are as follows:-