IBPS Clerk Salary Structure 2024, Allowances, Job Profile & Promotion
IBPS Clerk Salary Structure 2024
The initial salary package for a Clerk is Rs. 28,000 to Rs. 30,000/- per month, at the time of Joining and the starting basic pay is Rs 19,900. According to the IBPS Clerk Notification 2024, the Basic Pay for an IBPS Clerk is Rs 19,900. It is the starting salary of an IBPS Clerk. After the training period, perks and other benefits are added which may vary from bank to bank.
| IBPS Clerk Salary Structure 2024 | |
|---|---|
| Facilities/Salary | Amount |
| Basic Pay | 19900 |
| Conveyance Allowance | 757.08 |
| Dearness Allowance | 5209.82 |
| SPL DA | 4118 |
| HRA | 2039.75 |
| Total | 32024.65 |
| Gross Salary | 32024.65 |
IBPS Clerk Salary Slip
The IBPS Clerk salary slip provides newly recruited candidates with a detailed description of their initial salary, including deductions and allowances. Candidates can find out their net in-hand salary by understanding the deductions from the gross salary, which includes basic pay and allowances. You can now take a look at the latest IBPS Clerk 2024 salary slip.
IBPS Clerk Salary Increments
Given below is the sum of Basic Pay that makes up the total IBPS Clerk Salary. This implies that the minimum Basic Pay for IBPS Clerk is Rs 19,900 with an increment every year
| IBPS Clerk Pay Scale 2024 | |
|---|---|
| Basic Pay | Amount |
| Initial Basic Pay | Rs 19,900 with a yearly increment of Rs 1000 |
| 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 one year. |
| Basic Pay after the next 1 year | Rs 45,930 with a yearly increment of Rs 1990 for the next one year. |
| Basic Pay after next year | Rs 47,920 (Maximum Basic Pay). |
IBPS Clerk Allowances
IBPS Clerk is also liable to get other allowances besides salary which depends on the place of posting. These other allowances like TA, DA, and HRA are added to the salary and the total amount is what a person under IBPS Clerk gets in hand.| IBPS Clerk Allowances | |
|---|---|
| Special Allowance | 7.5% of the basic pay, after completion of 1 year it may increase from 400 to 500 |
| Dearness Allowance | It is 48.51% of the basic pay which is revised quarterly |
| House rent allowance | It depends on the posting of the location. It is highest at 8.5%in the metropolitan cities. |
| Travel Allowance | These expenses are reimbursed by the banks(on official tours and travels only) |
| Medical Allowance | It is 2000/per year. |
IBPS Clerk Job Profile
- Verify the documents and statements submitted by the clerk in the bank.
- To update the bank passbook at regular intervals.
- A clerk is also responsible for the bank cash and various documents of the bank etc.
- He sanctions the withdrawals by the customer.
- He maintains various statements like bank balance sheets, ledger, etc.
- He provides information on various government schemes and resolves the issues of the customer.
- Attending the treasury works, distribution of cash, the deposit of cash, and other miscellaneous work.
The clerk is also known as a single-window operator. They help the customer by guiding them through various rules and formalities. They act as a point of contact for customers. A clerk plays a wide variety of roles. They act as a loan clerk, account clerk, data entry clerk, office clerk, etc.
IBPS Clerk Promotion
IBPS Clerk provides ample ways for personal and professional growth. When a person works as a bank clerk he learns the different ways a bank functions and chances to prove your potential and merit. A clerk has to serve for a minimum period of 3 years before he can apply for the promotion. After that, he gets a chance to grow himself. IBPS Clerk promotion based on experience and seniority. They have to clear a written exam which is conducted internally. The clerk gets a chance to become a trainee officer and then a Probationary officer. He doesn’t need to apply from JAIIB and CAIIB. If a candidate is applying through JAIIB and CAIIB then he must possess a diploma from the Indian Institute of Banking and Finance. Now, that you have an idea about the IBPS Clerk exam pattern, IBPS clerk Syllabus, and IBPS Clerk job profile and growth, there is no need to wait to start your preparation. Start them right away.IBPS Clerk Career Growth
A clerk plays a very important role in a bank. He is the face of the bank as he deals with the customer directly, and manages all the cash. Apart from all the IBPS Clerk salary and benefits, he has an opportunity to learn a lot about banking functions.- Bank Clerk
- Officer/Assistant Manager
- Manager
- Senior Manager
- Chief Manager
- Asst. General Manager
- Deputy General Manager
- General Manager
IBPS Clerk Salary: Know the Annual Package
The salary structure for clerk posts in the bank is attractive, offering a competitive annual package. As per the latest pay revisions, various allowances and perks are offered in addition to the basic pay. The starting annual package for IBPS clerks ranges from Rs 3.75 lakh to Rs 4.10 lakh. It varies depending on the bank’s policies and place of service. The annual package ensures financial stability and growth opportunities, making it an attractive career option for banking aspirants.IBPS Clerk Selection Process 2024, Check All Phases
FAQs
What is the starting IBPS Clerk Salary?
The minimum basic pay of an IBPS clerk is Rs. 19,900/- and the maximum goes to Rs. 47,920.
What is the net IBPS Clerk Salary?
The net IBPS Clerk Salary is Rs.28,000-Rs.30,000 per month.
What are the Perks and allowance included in IBPS Clerk Salary?
The perks and allowances included in IBPS Clerk Salary are Medical facility, HRA, DA, etc.
What is the Job Profile of IBPS Clerk?
The Job Profile of IBPS Clerk is discussed in the given post.
What is the career growth of IBPS Clerk?
Different banks have different promotion criteria but the majority of the banks give great opportunities.
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