IBPS Clerk Salary

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)

This article will throw light on the IBPS Clerk salary structure in India with information related to basic pay, allowances and other perks.

For details on other bank exams, candidates can check the linked article.

IBPS Clerk Salary in India after the 11th Bipartite Settlement

The 10th Bipartite settlement had elapsed in October 2017. Hence, revision in the IBPS Clerk salary is yet to be declared as the 11th Bipartite Settlement is awaited.

Aspirants can, however, 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.

Once the 11th Bipartite Settlement is levied, employees can expect an increment of 20% to 30% in the salary for IBPS Clerk post.

IBPS Clerk Promotion & Career Growth

Aspirants can expect a rewarding career growth after they get recruited into the IBPS Clerk post.

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.

However, candidates have to face interviews and exams for getting promotions in this domain.

There are other government exams which also have great designation, career, and salary.

Related Links:

IBPS Clerk Responsibilities:

The various responsibilities that come along with the post of IBPS Clerk are as follows:

  1. Verification of various documents and proofs submitted by the customers
  2. Passbook, Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc.
  3. Resolving the various issues of the customers.
  4. Providing guidance to customers relating to various banking activities.

Aspirants applying for the post of IAS officer can check the IAS salary at the linked article.