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)
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 are able to qualify. One major reason for a candidate’s attraction towards this post is the salary offered to them.
This article will throw 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.
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 2019, 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.
Discussed below is the IBPS Clerk salary in India along with a basic description of 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 based on the city they are located in. 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.
Candidates willing to apply for the upcoming IBPS Clerk exam can visit the below mentioned pages and prepare themselves for the exam:
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.
There are internal interviews and written exams an employee needs to qualify for getting promotions in this domain.
|IBPS Clerk Admit Card||IBPS Clerk Result|
|IBPS Clerk Eligibility||IBPS Clerk syllabus|
|IBPS Clerk Apply Online||IBPS Clerk Exam Pattern|
IBPS Clerk Responsibilities:
The main 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 various 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.
- Providing guidance to customers relating to various banking activities.
- Passbook updation
- 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.
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.