IBPS Clerk Salary
There have been significant changes in the IBPS Clerk Salary after 7th pay commission. Job seekers who are applying for IBPS clerk recruitment must know about IBPS clerk salary structure after 7th CPC. Moreover, here you will also get to know about the IBPS Clerk Salary promotions and allowances that will be offered to the appointed candidates for clerk position.
IBPS Clerk Salary 2020
IBPS Clerk Salary 2020 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 Salary in Hand: Rs 19,461.
IBPS Clerk Salary Package
|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.
IBPS Clerk Salary After 7th Pay Commission:
|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 Current Salary Structure
|Criteria||Metro Cities||State Capital||District Level and Rural|
|Gross with HRA||14842.80||14770.80||14662.80|
IBPS Clerk Salary After Revision
After Revision In 11th Bipartite Wage Settlement of 2015, IBPS Clerk Hand Salary will increase from now Rs. 19,461/- to Revised Salary Rs. 21,990/-.
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|
Check Latest Updates Here!! IBPS Notification
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 IBPS Clerk Basic Salary will be Rs.15,374. So, you acquire total 38.80% of DA & HRA on Basic Pay. So, total IBPS Bank Clerk Salary of fresher 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 IBPS Clerk Salary Per Month will be Rs.16,655. So, total Gross Salary of Bank fresher Clerk will be Rs.23,117/- (Good Settlement).
IBPS Clerk Salary and Promotion
On the basis of performance in bank, Institute of Banking Personnel Selection (IBPS) offers IBPS Clerk Salary Promotion from clerical cadre to officer level. Every year around 60,000 -70000 clerks appoint in PSBs. IBPS Clerk Salary Growth is basically effected on overall presentation in job. There are various stages of promotion which you may know.
IBPS Clerk Salary After 7th Pay:
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
Check This Useful Section of IBPS
|IBPS Clerk Cut Off||IBPS Clerk Admit Card|
|IBPS Exam Calendar||IBPS Clerk Syllabus|
|How to Crack IBPS Clerk Exam||IBPS Clerk Result|
|IBPS Clerk Exam Pattern||IBPS Clerk Mock Test|
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 IBPS Clerk VIII Salary. 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 Range, 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.
#2.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.
#3.Transport Allowance (TA):
It is also an added amount on IBPS Clerk take home salary.
Hurry Up, Grab Now: Latest Bank Jobs
#4.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 apart from IBPS Clerk Job Salary.
IBPS Clerk Work Profile – Scope & Promotions
Institute of Banking Personnel Selection ensures the growth of their human resources from clerical cadre post to officer’s post within a year on the basis of their performance. Through departmental exam/ JAIIB/ CAIIB, candidates can climb the IBPS Clerk Salary Promotion ladder. For the easiness of candidates, we have provided stages of promotion.
- Bank Clerk
- Officer/ Assistant Manager
- Senior Manager
- Chief Manager
- General Manager
- Deputy General Manager
- General Manager
Get Here: IBPS Clerk Previous Year Question Paper
IBPS Clerk Career Growth:
- JAIIB stands for – Junior Associate of the Indian Institute of Bankers
- CAIIB stands for – Certified Association of the Indian Institute of Bankers
IBPS Clerk Responsibilities
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.
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 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 2020 because it helps in knowing amount paid to clerk in banks.
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, BPS Clerk Pay Scale 2020.
Stay connected with us to know more about IBPS Clerk Salary 2020. For any sort of query, ask in comment box placed below. Our expert team will sort out all your queries as early as possible.
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