IBPS Clerk Salary: Complete Details

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IBPS Clerk Salary: Complete Details.

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IBPS Clerk Salary

Institute of Banking Personnel Selection is an independent association in India and it conducts Common Written Examination (CWE) for the recruitment of Officers and Clerks in Indian banks. Candidates who are planning to apply for IBPS Clerk Post first they should know IBPS Clerk Salary Structure.

Salary structure of bank employees is revised and increment as per IBA 11 Bipartite Settlement. As lot of candidates getting queries regarding salary of Clerk, here we have provided the detailed manner of salary structure of Institute of Banking Personnel Selection Clerk posts.

VIEW HERE THE SALARY DETAILS OF IBPS PO

IBPS Clerk Salary : Latest Pay Scale

Facilities Places with Population > 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/-

 

IBPS Clerk Salary (New Salary Scale)

Grade Existing Basic Pay Revised Basic Pay Annual Increment – New
Starting Closing Starting Closing
Clerk Rs. 11765 31540 30000 68900 1500/3 – 1900/8 – 2400/8


IBPS Clerk Salary After 11th Bipartite Settlement

  • If the Indian Banks’ Association (IBA) agrees for 20% increment, Final Basic Pay will be Rs.15, 374. So, you obtain 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 agrees 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 agrees 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).
Increment (%) Basic Pay Total Gross 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 Salary Structure:

Clerk Pay Scale with Facilities Amount
Basic Pay Rs. 11765/-
Special Allowance Rs. 911/-
DA Rs. 5311/-
CCA NA
Transport Allowance Rs. 425/-
Total (without HRA) Rs. 18413/-
HRA Rs. 1176/-
Gross Monthly CTC (with HRA) Rs 19589/-

 

IBPS Clerk Salary After Allowances:

The Basic Pay Scale of IBPS Clerk is Rs 11,765 – Rs 42,020. Here Rs 11,765 is the Basic pay. The main allowances that a Bank Clerk gets are following:

  1. Dearness Allowance (DA): In Bank recruiting through IBPS, DA is revised quarterly and is based on the CPI as declared by banks i.e. DA can go up with the higher CPI and vice versa.
  2. House Rent Allowance (HRA): It does not vary as per IBPS Clerk Salary but according to the Clerk’s place of posting. It can be 8.50%, 7.50% and 6.50% all depending on metros, big cities, and other locations.
  3. Medical Allowance: This allowance is additional amount on IBPS Clerk Salary and is paid annually. And for a clerk, it is fixed at Rs 2000.
  4. Transport Allowance (TA) – It is also an additional amount on IBPS Clerk Salary (take home).
  5. IBPS Clerk Salary (cash in hand): Rs 19,461.

IBPS Clerk Scope Of Promotion:

  • We have discussed a lot about IBPS Clerk Salary. Let us also discuss a bit about growth opportunities.
  • As we all know that IBPS Clerk is the starting point of job in any Bank. That means you will get plenty of opportunities to get promoted to an officer cadre.
  • As an IBPS Clerk you will be confirmed after 6 months of service.
  • After a span of few years, you will become eligible for a promotional exam. If you clear this exam you can become a Trainee Officer(TO).
  • After that he comes at the same level of PO, and all the future promotion prospects will be same to him as that of a PO.
  • The Seven Scales after you are promoted will be:
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

Here we the team

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