IBPS Clerk Salary Structure, Pay Scale, Allowances - HelpStudentPoint
IBPS Clerk Salary Structure, Pay Scale, Allowances
By On April 21st, 2021
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Being government, people are expecting better salary, lucrative perks and better future growth as compared to other government job. Banks facilitated all the mentioned facility. Those aspirants who are focusing to make their career in banking sector, have dreams to clear IBPS clerk Exam. IBPS clerk is a one of the prestigious and most sought career in India in the field of government job. The reason behind this is the in hand salary, lucrative perks, better future prospects and respect in the family & in the society. Let see the salary structure of the IBPS Clerk, which is the major reason for the large number of applicants.

IBPS Clerk Salary Structure

Period IBPS Clerk Basic Salary Increment
Basic Pay INR 13075/-
Every year for first 3 years INR 11765/- 655/-
Every year For the next 3 years INR 13730/- 815/-
Every year For the next 4 years INR 16175/- 980/-
Every year For the next 7 years INR 20095/- 1145/-
Every year For the next 1 years INR 28110/- 2120/-
Every year For the next 1 years INR 30230/- 1310/-
INR 31540/-

IBPS Clerk Allowances

  • House rent allowance :-Banks provides fully facilitated homes on lease to their employees at their location of working
  • Allowance for OPD treatment (Non hospitalisation)- The Clerk can claim bills of upto 2k per month for OPD treatment.
  • Dearness Allowance-Current DA is 51.2% of basic pay
  • City Compensatory Allowance(CCA)- Employee will get 3% to 4%(depending on the location of the posting)
  • Medical Insurance- 100 percent coverage for the employee and 75 percent coverage for the dependent.
  • Leave policy – The leave policy in Banks are very attractive. It provides 33 days privilege leave and 12 days casual leaves to employees
  • Travelling Allowance- The bank will reimburse upto AC-2 tier ticket for only official purpose.
  • Petrol allowance- 20 Liters of Petrol Every Month
  • Entertainment allowance –  Every months Banks paid this allowance.
  • Loan Benefits- Employee of Banks will eligible for the loan based on simple interest.
  • Miscellaneous- Around 4000/-

IBPS Clerk In Hand Salary

The total starting emoluments of a Clerical Cadre employee payable at Metro like Mumbai will be around Rs.26,000/- per month inclusive of D.A

IBPS Clerk Annual Package

The cost to company (CTC) aroud 3.2 lakhs per annum.

IBPS Clerk Job Profile | IBPS Clerk Work 

During the Training candidates Learn the Functioning of Various Department of Banks.

  • Data Entry: Candidates are given the responsibility of maintaining data. They are also required to put them in the system.
  • File Work: IBPS Cleerk are given the responsibility of maintaining the files on various matters of the organisation.
  • Replying to mails: Selected candidates are required to draft and replies many mails.
  • Assistant Work- IBPS Clerk give some assistant to higher authority to function organization smoothly.

IBPS Clerk Salary Joining, Training & Career Path

Promotion of clerks to officer cadre

  • To Trainee officer- After three years of service, a clerk can become trainee officer after clearing written test and interview. Such clerks are put under probation for a period of two years. After successful completion of probation, the trainee officer based on performance will be either recruited into MMGS-II cadre or sent back to clerical cadre.
  • Directly to JMGS-I- After six years of service under fast track promotion channel or after twelve years of service under normal promotion channel, a clerk can become a JMGS-Scale1 officer, after clearing a written test and interview, subject to upper age limit.

Promotion

  • Clerk
  • Trainee Officer
  • MMGS-II
  • MMGS-III
  • SMGS-IV
  • SMGS-V
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Deputy General Manager
IBPS Useful Article Read Also
IBPS Clerk Best Books
IBPS Clerk Syllabus 2021
IBPS Clerk Exam 2021
Official Website 

IBPS Clerk Salary FAQs

Question- What is the starting basic salary of IBPS Clerk?

Answer- The starting basic salary of IBPS Clerk is INR 13075/-/-

Question- What is the status of leave in IBPS Clerk JOB?

Answer- The leave is according to government and banks norms as like other government job.

Question- What is the in hand salary of IBPS Clerk?

Answer- The in hand salary of IBPS Clerk is around 25k-27k based on place of posting.

Question- What is home rent allowance in IBPS Clerk salary?

Answer- Banks provides the house rent for its employees posted in any city or village. This HRA differs for employees based on the job posting.

Post Related :- Banking Job Salary, Salary
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