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Check IBPS Clerk Starting Salary New Scale In 2018 In Hand Salary/Allowances

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IBPS Clerk Salary

Banking sector is one of the prestigious, demanding and growing sectors in Indian economy. IBPS Clerk Salary helps in knowing amount paid to clerk in banks. Clerical post is the first entry point for ones who have passion to work in this sector. Institute of Banking Personnel Selection is highly responsible for organizing recruitment exam. This year IBPS Clerk 2018 exam will be conducted in two phases that are IBPS Preliminary Exam & IBPS Main Exam. IBPS Clerk preliminary exam is scheduled to be held on 2nd, 3rd, 9th and 10th December, 2017 while IBPS Clerk main exam will organize on 21st January, 2018. Intellectuals who have registered for this exam might be seeking for IBPS Clerk Salary and IBPS Clerk Salary After 7th Pay Commission, IBPS Clerk Starting Salary, IBPS Clerk Starting Salary New Scale In 2018, IBPS Clerk Salary In Hand & other allowances. IBPS RRB Clerk Salary is placed on below of page.

Focal points on page:

  • Salary For IBPS Clerk
  • IBPS Clerk Salary 2018
  • IBPS Clerk In Hand Salary
  • IBPS Clerk Salary Details
  • IBPS Bank Clerk Salary
  • Duties and responsibilities of Clerk
  • IBPS Clerk Salary And Promotion
  • IBPS Clerk Salary After Revision 2018
  • IBPS Clerk Salary Scale
  • IBPS Clerk Salary 2018 In Hand

Institute of Banking Personnel Selection organizes CWE (Common Written Exam) for clerical recruitment. The main motto of conducting IBPS CWE Clerk exam is to recruit qualified and dedicated contenders for relevant posts. Near about 8.5 lacs students participate in this IBPS Clerk Recruitment (CWE VII). Clerk in bank is entitled to receive allowances such as Dearness Allowance, House Rent Allowance, Medical Allowance, and Transport Allowance in addition to basic pay. Pay scale of clerks in most of the public and private sector banks is almost same. We, the team of recruitmentresult.com have placed all stuff concerning IBPS Clerk Starting Salary New Scale In 2018, salary after 11th bipartite wage revision, IBPS Clerk Salary After 7th Pay Commission on this page.

IBPS Clerk Salary

IBPS Clerk Salary 2018 

In Hand Salary:

ComponentPlaces With Population
Above 45 lakhsBelow 45 Lakhs
Basic PayRs. 11765/-Rs. 11765/-
Special AllowanceRs. 911.79/-Rs. 911.79/-
DARs. 5311.58/-Rs. 5311.58/-
CCARs. 0/-Rs. 0/-
Transport AllowanceRs. 425/-Rs. 425/-
Total (without HRA)Rs. 18413.37/-Rs. 18413.37/-
HRARs. 1176.5/-Rs. 1058.85/-
Gross with HRARs. 19589.87/-Rs. 19472.22/-

Banking sectors will offers a Basic Pay of 11765/-, Dearness Allowance 5311.58/-, and House Rent Allowance 1176.5/- for the entry level bank clerk. The total salary for a clerk is approximately Rs. 19589.87/- per month.

Check Differences On:  SBI Clerk Vs IBPS Clerk

IBPS Clerk 2018 Salary

Salary Structure of IBPS Clerk:

IBPS Clerk Salary Structure 2017
CriteriaMetro CitiesState CapitalDistrict Level and Rural
Basic Pay7200.007200.007200.00
DA6922.806922.806922.80
HRA720648540
Gross with HRA14842.8014770.8014662.80

IBPS Clerk Salary and Allowance

IBPS recruit the candidates for the post of Clerk/PO/SO in different Banking Companies by conducting a common written Exam every year. Contenders will selected for the post on the basis of their Marks record and personal conference. Here we are listing IBPS Clerk Salary Structure, allowances, perks Available to Bank Clerk. In addition to basic pay, clerk receives other allowances too.

Basic Pay:

After completion of 1 year tune-up, BS will get 1 increment of Rs. 400/- As you get total 3 increment by the end of one year service, 2nd year increment will be 500 for next 3 years.

Dearness Allowance (DA):

In banking sector, DA is revised on quarterly basis as per CPI declared. Dearness Allowance can go up with higher CPI and vice versa.

Transport Allowance (TA): 

It is also an added amount on IBPS Clerk take home salary

Hurry Up, Grab Now: IBPS Clerk Recruitment

House Rent Allowance (HRA):

Amount of House Rent Allowance varies as per Clerk’s place of posting. If you are running in metro cities HRA is 8.50%, some cities with population more than 5 lakh, it is 7.50% of Basic Pay.

Medical Allowance:

This amount is paid once a year and for a clerk, it is fixed at Rs 2000.

IBPS Clerk Salary After 11th Bipartite Settlement:

  • We are expecting least 20% to 30% increment to this basic pay and at most we get 25% increment and its full fledged details are as shown below:
  • If IBA agree for 20% increment, Final Basic Pay will be Rs.15,374. So, you acquire total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk will be Rs.21,339/- (Worst Possible Scenario)
  • If IBA agree for 25% increment, Final Basic Pay will be Rs.16,015. So, total Gross Salary of Bank fresher Clerk will be Rs.22,228/- (Somewhat Good)
  • If IBA agree for 30% increment, Final Basic Pay will be Rs.16,655. So, total Gross Salary of Bank fresher Clerk will be Rs.23,117/- (Good Settlement).

IBPS Clerk Salary Increment:

IncrementInitial Pay ScaleTotal Salary
15%Rs. 14,733/-Rs. 20,450/-.
20%Rs. 15,374/-Rs. 21,339/-
25%Rs. 16,015/-Rs. 22,228/
30%Rs. 16,655/-Rs. 23,117/-

You Can Also Check: Bank Salary After 7th Pay Commission

IBPS Clerk Salary After Revision:

After Revision In 11th Bipartite Wage Settlement of 2015, the In Hand Salary will increase from now salary Rs. 19,461/- to Revised Salary Rs. 21,990/-

7th Pay Commission Effect on IBPS Clerk Basic Salary:

With addition of new changes in IBPS Clerk Salary Per Month and IBPS Clerk Salary Quora, reimbursement of Indian financiers (bankers) will be expanded by 2018. 7th Pay Commission implements and with that the difference between Government representative compensation and financiers will be considerably more insightful.

IBPS Clerk New Salary Scale:

Salary Of IBPS Clerk includes all these things.

GradeExisting Basic PayRevised Basic PayAnnual Increment – New
StartingClosingStartingClosing
ClerkRs. 117653154030000689001500/3 – 1900/8 – 2400/8

Read Here: IBPS Clerk Recruitment Notification

IBPS Clerk Salary Increment and Promotion:

On the basis of performance in bank, Institute of Banking Personnel Selection (IBPS) offers promotion of their employees from clerical cadre to officer level. Every year around 60,000 -70000 clerks appoint in PSBs. Promotion is basically effected on overall presentation in job. There are various stages of promotion which you may know.

Seven scales in officer cadre:

  • 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 Salary 2018 In Hand:

Subsequent to appointment for IBPS Clerk, you will undergo training period. Here, you will learn all basic clerk job profile work. IBPS Clerk cash in hand salary: Rs 19,461.

IBPS Clerk Responsibilities as well as duties:

Clerk acts as a first point of contact for inquiries & guidance for customers. It is recognized as ‘Single Window Operator’. It is highly responsible for managing valuable task in bank. Have a look on clerk duties as well as responsibilities listed here.

  • Highly responsible for handling deposits and cash withdrawals
  • Manage charge of the drafts, receipt of cheques and pay orders etc
  • Marketing financial products of Bank such as loans, mutual funds etc
  • Maintain daily record of balance and ledger
  • Ensure payment clearances, Issuing cheque books etc.

Check Latest Updates Here!! IBPS Notification

Final words:

Aspirants who are willing to grab jobs in the banking sector may check IBPS Clerk Starting Salary New Scale In 2018. Hope, you get all details about IBPS CWE Clerk Salary, Salary of  IBPS Clerk 2018. Stay connected with us to know more about recruitment, exams etc. For any sort of query, ask in comment box placed below. Our expert team will sort out all your queries as early as possible.

Check This Useful Section of IBPS

How to Prepare For IBPSIBPS Clerk Syllabus
IBPS Current Affairs/Online QuizIBPS Question Papers
IBPS Clerk Admit CardUpcoming Bank Exams
How To Crack IBPS Clerk ExamIBPS Exam Calendar
Online Practice Test For IBPS Clerk ExamIBPS Clerk Interview Experience

Filed in: Articles, Salary

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2 Responses to "Check IBPS Clerk Starting Salary New Scale In 2018 In Hand Salary/Allowances"

  1. ashwini

    Sir i am finished degree of BCA ..shall i apply this exam ..

    • admin

      Hii ashwini,
      Yes, graduates can apply for IBPS Clerk Examination.

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