IBPS Clerk Salary
Curious To know About HIKE in IBPS Clerk Salary after 7th Pay Commission? If yes, then, check this article completely and get updated details about in Hand Salary Of IBPS Clerk from here.
Aspirants, who’re planning to apply for IBPS Clerk Jobs, they must be aware about the Salary Structure Of IBPS Clerk. For your easiness, we’re going to discuss more on IBPS Clerk Salary After Revision, What Is The Salary Of IBPS Clerk etc, take a look…
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Currently, banking sector is one of the demanding and growing sectors in Indian economy. IBPS Clerk Vacancy is the first entry point for ones who have passion to work in banking field.
Aspirants, who have registered for IBPS Clerk Exam, should need to know about IBPS Clerk Starting Salary New Scale In 2018, and IBPS RRB Clerk Salary etc through this page of recruitmentresult.com.
IBPS Clerk Salary
Which Exams Are Conducted By IBPS for Clerk Job Profile?
Institute of Banking Personnel Selection organizes CWE (Common Written Exam) for clerical recruitment. The IBPS Clerk 2018 exam will be conducted in two phases that are IBPS Preliminary Exam & IBPS Main Exam.
The CWE Clerk exam is organized to recruit qualified and dedicated contenders for IBPS Clerk Recruitment. So, applying contenders for IBPS CWE Clerk exam must know about IBPS Clerk Salary 2018 because it helps in knowing amount paid to clerk in banks.
IBPS Clerk Salary 2018
IBPS Clerk In Hand Salary:
|Component||Places With Population|
|Above 45 lakhs||Below 45 Lakhs|
|Basic Pay||Rs. 11765/-||Rs. 11765/-|
|Special Allowance||Rs. 911.79/-||Rs. 911.79/-|
|DA||Rs. 5311.58/-||Rs. 5311.58/-|
|CCA||Rs. 0/-||Rs. 0/-|
|Transport Allowance||Rs. 425/-||Rs. 425/-|
|Total (without HRA)||Rs. 18413.37/-||Rs. 18413.37/-|
|HRA||Rs. 1176.5/-||Rs. 1058.85/-|
|Gross with HRA||Rs. 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
IBPS Clerk Salary Structure:
|IBPS Clerk Salary Structure 2018|
|Criteria||Metro Cities||State Capital||District Level and Rural|
|Gross with HRA||14842.80||14770.80||14662.80|
IBPS Clerk Salary and Allowance
Clerk in banksare entitled to receive allowances such as Dearness Allowance, House Rent Allowance, Medical Allowance, and Transport Allowance in addition to basic pay. Starting Salary Of IBPS Clerk in most of the public and private sector banks is almost same.
Contenders will selected for the post of Clerk/PO/SO on the basis of their Marks record and personal conference. Here we are listing IBPS CWE Clerk Salary, allowances, perks Available to Bank Clerk. In addition to IBPS Clerk Salary Per Month, receives other allowances too.
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: Latest Bank Jobs
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.
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:
|Increment||Initial Pay Scale||Total 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.
|Existing Basic Pay||Rs. 11765||Rs. 31540|
|Revised Basic Pay||Rs. 30000||Rs. 68900|
|Annual Increment – New||1500/3 – 1900/8 – 2400/8|
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.
How to Make? Career in Banking Sector in India
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
Institute of Banking Personnel Selection is highly responsible for organizing Clerk Recruitment exam. This year, IBPS Clerk preliminary exam is scheduled to be held in December 2018 while IBPS Clerk main exam will organize in January, 2019.
Aspirants who are willing to grab jobs in the banking sector may check IBPS Clerk Salary In Hand. Hope, you get all details about IBPS CWE Clerk Salary, Salary of IBPS Clerk 2018.
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Check This Useful Section of IBPS
|IBPS Clerk Selection Procedure||IBPS Clerk Admit Card|
|IBPS Exam Calendar||IBPS Clerk Syllabus|
|How to Crack IBPS Clerk Exam||IBPS Clerk Prelims Result|
|IBPS Clerk Exam Pattern||IBPS Clerk Mock Test|
|IBPS Clerk Main Result||IBPS Clerk Cut Off|