IBPS Clerk Salary

The sum of Basic Pay and allowances makes up the total IBPS Clerk Salary. The first Basic Pay for IBPS Clerk is Rs 11,765.
IBPS Clerk Payscale is: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
This implies that the minimum Basic Pay for IBPS Clerk is Rs 11,765 while the maximum is Rs 31540.

Basic PayAmount
Initial Basic PayRs 11,765, with a yearly increment of Rs 655 for three years
Basic Pay after 3 yearsRs 13730, with a yearly increment of Rs 815 for the next three years
Basic Pay after the next 3 yearsRs 16175, with a yearly increment of Rs 980 for the next four years
Basic Pay after the next 4 yearsRs 20095, with a yearly increment of Rs 1145 for the next 7 years
Basic Pay after the next 7 yearsRs 28110, with a yearly increment of Rs 2120 for next one year
Basic Pay after the next 1 yearRs 30230, with a yearly increment of Rs 1310 for next one year
Basic Pay after next yearRs 31540 (maximum Basic Pay)

IBPS Clerk Salary: Allowances

IBPS Clerk Salary in India- Basic PayRs 11765/-
Dearness AllowanceBased on CPI
House Rent Allowance6.5% to 8.5%
Medical InsuranceRs 2000/- annually
Travelling AllowanceReimbursement depending on bank policies

IBPS Clerk Salary Structure

Population More Than 45 lakhsPopulation Less Than 45 lakhs
Basic PayRs 11765Rs 11765
Dearness AllowanceRs 5311Rs 5311
Travel AllowanceRs 425Rs 425
Special AllowanceRs 911Rs 911
House Rent AllowanceRs 1176Rs 1058
Total IBPS Clerk SalaryRs 19588Rs 19470

IBPS Clerk Promotion & Career Growth

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.

IBPS Clerk Responsibilities:

The Job Responsibilities of an IBPS Clerk is given below.

  • To manage inquiry corners, receipts, withdrawal, etc.
  • A clerk also deals with opening new accounts, cash collection, issuing bank statements and handling mails and delivery.
  • Verification of various documents and proofs submitted by the customers
  • Updating the pass books of account holders
  • Responsible for bank cash, various important documents, keys, etc.
  • Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc.
  • Sanctioning of withdrawals by the customers
  • Maintaining the various documents of the bank, balance sheets, ledger, etc.
  • Resolving the various issues of the customers
  • Providing guidance to customers relating to various banking activities
  • Attending to treasury works

Frequently Asked Questions on IBPS Clerk Salary

Q 1. What is the in-hand salary of IBPS Clerk?

Ans. The in-hand salary of IBPS Clerk varies from Rs.19,000/- to Rs.22,000/- per month. As an employee gains more experience in the Organisation and continues to work for more years, his/her salary increases.

Q 2.  What is the basic pay for an IBPS clerk?

Ans. An IBPS Clerk has a basic pay from Rs 11,765 while the maximum is Rs 31540.

Q 3.  What benefits are given along with the IBPS Clerk salary?

Ans. An IBPS Clerk gets the facility of DA, HRA, Medical, Travel, Transport Allowances to name a few.

Q 4. How can an IBPS Clerk get a promotion?

Ans. Banks conduct internal Interviews and exams for promotions. Employees can apply for those internal exams and get promoted to higher posts.

Q 5. Is the House Rent Allowance (HRA) different for rural and urban areas?

Ans. Yes, the HRA offered to an IBPS Clerk differs based on the city of posting. In a metro city, 8.5% of basic pay is given as HRA. For cities with a population of more than five lacs, the HRA is 7.5% of basic pay, and for other cities, it is 6.5% of basic pay.

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