The IBPS Clerk salary is one of the significant reasons for candidates opting for a career in the banking sector. The banking sector in India is witnessing rapid growth. IBPS Clerk is one of the most sought-after posts among the aspirants.
The IBPS Clerk basic pay in India is Rs.11765/-.(DA, HRA, Travel extra. In this article, we bring to you the details about the salary of IBPS Clerk, pay scale, benefits and career growth prospects.
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The Institute of Banking Personnel Selection is the conducting body for the Clerical cadre exam. Every year lakhs of candidates apply for the IBPS Clerk exam, but only a handful can qualify. One primary reason for a candidate’s attraction towards this post is the salary offered to them.
Further below, we shall throw some light on the IBPS Clerk salary structure in India with information related to basic pay, allowances and other perks.
For more information regarding IBPS and other exams conducted by IBPS, candidates can visit the linked article.
Also, check the salary details for other posts under IBPS in the articles given below:
IBPS Clerk Salary in India
The IBPS Clerk salary in India gradually increases as an employee continues to work and gets promoted through the course of his job.
As per the IBPS Clerk notification 2020, the pay scale of a Clerk in IBPS is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
Therefore, the in-hand salary of an IBPS Clerk may range between Rs.11,765/- and Rs.31,540/-.
Discussed below is the IBPS Clerk salary in India along with a basic description of the distribution of allowances in the salary structure. Aspirants can check the current salary scale for IBPS Clerk as given below:
|IBPS Clerk Salary structure in India|
|IBPS Clerk Salary in India- Basic Pay||Rs 11765/-|
|Dearness Allowance||Based on CPI|
|House Rent Allowance||6.5% to 8.5%|
|Medical Insurance||Rs 2000/- annually|
|Travelling Allowance||Reimbursement depending on bank policies|
For details on other bank salary range, refer to the linked article.
The clerical salary differs for employees located in different cities.
The table given below shows the detailed IBPS Clerk salary structure:
|IBPS Clerk Salary Structure|
|Population More Than 45 lakhs||Population Less Than 45 lakhs|
|Basic Pay||Rs 11765||Rs 11765|
|Dearness Allowance||Rs 5311||Rs 5311|
|Travel Allowance||Rs 425||Rs 425|
|Special Allowance||Rs 911||Rs 911|
|House Rent Allowance||Rs 1176||Rs 1058|
|Total IBPS Clerk Salary||Rs 19588||Rs 19470|
Once the 11th Bipartite Settlement is levied, employees can expect an increment of 20% to 30% in the salary for IBPS Clerk post.
Other Banking posts salary structure links are given below:
IBPS Clerk Promotion & Career Growth
Aspirants can expect a rewarding career growth after they get recruited into the IBPS Clerk post. It must be noted that in terms of career growth, the participating banks under IBPS, give multiple opportunities to their employees to grow and prosper in the banking sector.
For more information, candidates can check the IBPS Clerk notification.
The career and promotion opportunities that follow post the IBPS Clerk post are given below:
- 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.
With every promotion, the IBPS Clerk salary also increases, and so do the benefits provided to an employee. There are internal interviews and written exams an employee needs to qualify for getting promotions in this domain.
IBPS Clerk Responsibilities:
It must be noted that with the salary of IBPS Clerk and the benefits provided to an employee working in the clerical cadre, the responsibilities are also very high.
The primary responsibility of an IBPS Clerk is to deal with customers. Solving the client’s queries, making them aware of the documents and formalities and assisting the Senior Managers are the responsibilities that a Clerk needs to fulfil.
The various responsibilities that come along with the post of IBPS Clerk are as follows:
- Verification of multiple documents and proofs submitted by the customers.
- Passbook, Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc.
- Resolving the various issues of the customers.
- Guiding customers relating to various banking activities.
- Passbook update
- Managing the cash deposits and withdrawals
- Attending treasury works
- Single Window Operation
It is important for every Bank Clerk aspirant to understand that although the IBPS Clerk salary is decent, the allowances and perks are an added advantage, the responsibilities that come along are also not less.
Candidates can also compare the salary of a clerical cadre employee under IBPS with the SBI Clerk salary paid to a Junior Associate by the State Bank of India.
Therefore, candidates willing to apply for the upcoming IBPS Clerk exam must prepare themselves well enough to enter the banking sector and work with a stable and adjustable job prospect.
Aspirants applying for the post of IAS officer can check the IAS salary at the linked article.
Other Related Links:
Frequently Asked Questions on IBPS Clerk Salary
Q 1. What is the in-hand salary of IBPS Clerk?
Q 2. What is the pay scale of IBPS Clerk at the time of joining?
Q 3. What benefits are given along with the IBPS Clerk salary?
Ans. Given below is the list of benefits given to an employee along with the IBPS Clerk salary:
- House Rent Allowance
- Dearness Allowance
- Medical Allowance
- Travel Allowance
- Special Allowance
- Transport Allowance