IBPS Clerk Salary 2024: Candidates appointed for IBPS Clerk posts in participating banks will get attractive salary packages, perks, and various benefits. It unlocks huge career growth opportunities for all selected candidates. The starting clerk salary is quite decent, typically ranging between Rs. 25,000 and Rs 35,000 per month and the annual package will be around Rs. 4-5 lakh per annum. Scroll down the page to get an idea of the IBPS Clerk salary in hand, such as the annual package, allowances, job profile, career growth & promotion.
IBPS Clerk Salary 2024: Overview
The IBPS Clerk Salary for newly selected candidates will be Rs 19900. The IBPS Clerk salary will also includes various allowances and perks such as DA, HRA, Medical and Special allowances, etc. The IBPS Clerks salary after selection revisions are highly attractive and enhanced. Check the table below for overview of IBPS Clerk Salary
| IBPS Clerk Salary 2024 | |
| Organization | Institute of Banking Personnel Selection (IBPS) |
| Exam Name | IBPS Clerk Exam 2024 |
| Post | Clerk |
| Basic Pay | Rs. 19900 per month |
| Pay Scale | Rs 19900-47920 |
| Allowances | Dearness Allowance House Rent Allowance Special Allowance Transport Allowance |
| Language of Exam | English & Hindi |
| Official Website | www.ibps.in |
IBPS Clerk Salary Structure
The IBPS Clerk salary structure comprises pay scale, basic pay, gross earnings, net earnings, allowances, deductions, etc. 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. However, the actual salary amount also depends on the job location of the employees. Check the IBPS Clerk salary structure tabulated below.
| IBPS Clerk Salary Structure 2024 | |
| Basic Pay | Rs 19,900 |
| Dearness Allowance | Rs 5200 - Rs 5500 |
| Special Allowance | Rs 4000 - Rs 44200 |
| Transport Allowance | Rs 750 - Rs 800 |
| House Rent Allowance (HRA) | Rs 2035 - Rs 2040 |
| Gross Pay | Rs 32,000 |
| Deduction (NPS Fund, Union Fee) | Rs 2500 - Rs 3000 |
| Net Pay | Rs 25000 - Rs 30000 |
IBPS Clerk Salary In Hand
The IBPS Clerk salary is the addition of basic pay and allowances, then subtracted from the overall deductions, etc. Initially, the selected candidates will receive IBPS Clerk in hand salary of Rs 25,000 to Rs 30,000 per month in the pay scale of Rs 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. Check the detailed IBPSC Clerk Salary in Hand below for reference purposes.
| 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 Slip
The candidates who are selected as IBPS Clerk and starts working with the bank will get a salary slip explaining their pay. The salary slips list the applicable perks, allowances and standard deductions. After deducting all the amounts, candidates will get their net take-home pay. The components that will be included in the IBPS Clerk salary slip are basic pay, HRA, DA, city allowance, travel allowances and standard deductions like provident fund amounts.
Attempt IBPS Clerk Mock Test based on latest exam pattern
IBPS Clerk Salary: Perks & Allowances
Apart from the basic salary, the Clerk post will also be entitled to various perks and allowances as a part of its annual package. These allowances can make a huge difference in the IBPS Clerk salary. Here is the list of perks and allowances involved in the IBPS Clerk salary package below.
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- Travel Allowance (TA)
- Medical Allowance
- Special Allowances
- Other Allowances
IBPS Clerk Job Profile
The main responsibility of the candidates appointed for the IBPS Clerk is verifying all the documents submitted by the customers. If you want a government job, an IBPS Clerk post could be a lucrative career choice. The roles and responsibilities involved in the IBPS Clerk Job Profile as discussed below.
- To take care of bank documents, keys, cash, etc.
- To cross-check the documents submitted by the customers.
- To resolve the issues of the customers and issue demand drafts, open bank accounts, etc.
- To update passbooks and perform all the miscellaneous tasks assigned by the senior officials.
IBPS Clerk Career Growth and Promotion
There are enormous career growth opportunities for the candidates appointed as IBPS Clerk. They can appear in promotion exams based on their work performance, seniority and experience. Upon clearing the departmental exam, they will be promoted to higher posts which will eventually increase their IBPS Clerk salary. The promotion hierarchy of IBPS Clerk post are as follow.
- Assistant Manager Scale I
- Manager Scale 2
- Senior Manager Scale 3
- Chief Manager Scale 4
- Assistant General Manager Scale 5
- Deputy General Manager Scale 6
- General Manager Scale 7
Also Check,
| IBPS Clerk Eligibility Criteria |
| IBPS Clerk Notification 2024 |
| IBPS Clerk Syllabus 2024 |