IBPS Clerk Salary
IBPS Clerk Salary 2024: Know More About Salary Structure, Allowances, Job Profile
The IBPS Clerk Salary for 2024 offers a good income along with various perks, incentives, and benefits for those chosen for Clerical Cadre positions in public sector banks. Every year, thousands of candidates apply for the IBPS Clerk exam, mainly due to the attractive salary. The appealing salary package is a key factor for many choosing a banking career.
The IBPS Clerk Salary for 2024 increases over time as employees gain experience and are promoted to higher roles. Many students are curious about the salary, perks, and allowances of an IBPS Clerk. Check out the details below to learn more about the IBPS Clerk salary.
IBPS Clerk Salary 2024
| Basic Pay | Amount (In INR) |
|---|---|
|
Initial Basic Pay |
19,900 with a yearly increment of 1000 for three years |
|
Basic Pay after 3 years |
20,900, with a yearly increment of 1230 for the next three years |
|
Basic Pay after the next 3 years |
24,590, with a yearly increment of 1490 for the next four years |
|
Basic Pay after the next 4 years |
30,550, with a yearly increment of 1730 for the next 7 years |
|
Basic Pay after the next 7 years |
42,600, with a yearly increment of 3270 for the next year |
|
Basic Pay after the next 1 year |
45,930, with a yearly increment of 1990 for the next year |
|
Basic Pay after next year 1 year |
47,920 (maximum Basic Pay) |
IBPS Clerk Salary: Allowances Offered to Candidates
| Parameters | Details |
|---|---|
|
Special Allowance |
INR 4118 |
|
Dearness Allowance (DA) |
DA is 4 per cent of the IBPS Clerk Basic Pay DA depends on the CPI and is revised quarterly, i.e. after every three months |
|
House Rent Allowance (HRA) |
The HRA depends on the location of the posting The HRA remains between 6.5 per cent to 8.5 per cent depending upon the location of the posting |
|
Travel Allowance (TA) |
Expenses on official tours and travels will be reimbursed by the bank. |
|
Medical Allowance (MA) |
This is paid once a year. For IBPS Clerks, the amount is fixed at INR 2000 annually |
IBPS Clerk Salary Structure
|
IBPS Clerk Salary Structure 2022 |
|
|---|---|
|
Basic Pay |
INR 19,900 |
|
Dearness Allowance |
INR 5209.82 |
|
Special Allowance |
INR 4118 |
|
Transport Allowance |
INR 757.08 |
|
CCA |
INR 0 |
|
House Rent Allowance(HRA) |
INR 2039.75 |
|
Gross Pay |
INR 32,024.65 |
|
Deduction (NPS Fund, Union Fee) |
INR 2570.98 |
|
Net Pay |
INR 29453.67 |
IBPS Clerk Salary Deduction 2024
| IBPS Clerk Salary Deduction 2024 | |
|---|---|
| Particulars | Amount |
| Pension Fund Contribution | 2886 |
| Death Relief Fund | 40 |
| Professional Tax | 60 |
| Total | 2986 |
IBPS Clerk Salary 2024 Job Profile
- Updation of Passbooks of account holders at counters
- Printing of receipts for cheques and demand drafts
- bank clerks also do hold bank keys, safe keys under their protection
- Handling the deposit and withdrawal cash.
- Responsible for bank cash, various important documents, keys, etc.
- Sanctioning of withdrawals by the customers
- Resolving the various issues of the customers
- Guiding customers relating to various banking activities
- Attending to treasury works
- Resolving queries of the customers
- Miscellaneous tasks
- Providing information about the latest schemes and government policies
- Verification of various documents and proofs submitted by the customers
- Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc
- Maintaining the various documents of the bank, balance sheets, ledger, etc.
- They are often placed at the query window to act as an information counter for the customers.
- Bank office clerks are deployed in the back office for various tasks like maintenance of ledger, bank receipt collection, handling the daily closure details
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Frequently Asked Questions on IBPS Clerk Salary
The IBPS Clerk pay scale is INR 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The minimum basic IBPS Clerk salary is INR 19,900 while the maximum is INR 47, 920. Refer to the table below to understand clearly the IBPS Clerk salary structure
The minimum Basic Pay of the IBPS Clerk will be Rs. 19,900/- while the maximum will be Rs Rs. 47,920/-. Initial Basic Pay: INR 19,900 with a yearly increment of INR 655 for three years.
As per the IBPS Clerk 2024, the pay scale of an IBPS Clerk is Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. Therefore, the in-hand salary of an IBPS Clerk may range between Rs. 28,000 to Rs. 30,000 per month.
The initial basic pay of IBPS Clerk is INR 19,900 with a yearly increment of INR 1000 for three years. The basic pay of IBPS Clerk is INR 20,900 with a yearly increment of INR 1230 for the next three years. The basic pay of IBPS Clerk is INR 24,590 with a yearly increment of INR 1490 for the next four years.
The initial basic pay of IBPS Clerk is INR 19,900 with a yearly increment of INR 1000 for three years. The basic pay of IBPS Clerk is INR 20,900 with a yearly increment of INR 1230 for the next three years.