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IBPS Clerk Salary 2021 After 7th CPC, Pay Scale, Promotion, Allowance

IBPS Clerk Salary

It’s a dream of enormous number of candidates to crack IBPS Recruitment exam and get selected for clerical profile. So, if you are searching for new stated IBPS Clerk salary 2021 , pay package, incentives, bonus schemes and details of job, then you are absolutely at the right page. Job seekers who are applying for IBPS clerk recruitment must know about IBPS clerk salary structure after 7th CPC.

IBPS Clerk Salary 2021

IBPS Clerk Salary 2021 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

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.

IBPS Clerk Salary After 7th Pay Commission:

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/-

IBPS Clerk Current Salary Structure

CriteriaMetro CitiesState CapitalDistrict Level and Rural
Basic Pay7200.007200.007200.00
Gross with HRA14842.8014770.8014662.80

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 PayRs. 11765Rs. 31540
Revised Basic PayRs. 30000Rs. 68900
Annual Increment – New1500/3 – 1900/8 – 2400/8

Check Here: How to Prepare For IBPS Exam

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 RecruitmentGet Here
IBPS Clerk SyllabusGet Here
IBPS Clerk ResultGet Here
IBPS Clerk Prelims Exam AnalysisGet Here
IBPS Clerk Previous Year Question PaperGet Here
IBPS Clerk Mock TestGet Here
IBPS Clerk Exam PatternGet Here
How to Crack IBPS Clerk ExamGet Here
IBPS Official WebsiteCheck Here

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.

#1.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.

#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.

#5.Medical Allowance:

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
  • Manager
  • Senior Manager
  • Chief Manager
  • General Manager
  • Deputy General Manager
  • General Manager

Check Now: Latest Recruitment

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.

  1. Highly responsible for handling deposits and cash withdrawals
  2. Manage charge of the drafts, receipt of cheques and pay orders etc
  3. Marketing financial products of Bank such as loans, mutual funds etc
  4. Maintain daily record of balance and ledger
  5. 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 2021 because it helps in knowing amount paid to clerk in banks.

Important Note:

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 2021

Stay connected with us to know more about IBPS Clerk Salary 2021. 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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4 Responses to "IBPS Clerk Salary 2021 After 7th CPC, Pay Scale, Promotion, Allowance"

  1. sudheesh M.K

    With out Coaching How Can Wining the IBPS PO or Clerk Please Answer to me

    • admin

      Hii sudheesh M.K,
      Do Practice daily from the study material you have. Check the short tricks and try to apply at the questions to save time.

  2. 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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