IBPS Clerk Salary 2024, Check Job Profile, Allowances, and Career Growth
IBPS Clerk Salary: The IBPS Clerk in-hand salary in India typically ranges between Rs 28,000 to Rs 30,000 per month. Check job profile, allowance and IBPS Clerk salary after 5 years and 10 years.
IBPS Clerk Salary 2024: Aspirants must be familiar with the IBPS Clerk salary in hand when applying for the post to understand the offerings in a detailed manner. The basic pay is Rs 19900 and the IBPS Clerk salary per month typically ranges between Rs 28,000 to Rs 30,000. Along with this, they should also check the allowances, job profile, career growth and promotion factors. Scroll down the page for comprehensive information about the IBPS Clerk salary structure, job profile, allowances, promotion, and etc.
IBPS Clerk Salary Structure Overview
Institute of Banking Personnel Selection has invited applications to fill up a total of 6128 vacancies through the IBPS Clerk 2024 Recruitment. Candidates can get a detailed overview of the IBPS Clerk Salary structure in the table below for reference purposes.
| IBPS Clerk Salary Overview | |
| Exam Conducting Body | Institute of Banking Personnel Selection |
| Exam Name | IBPS Clerk 2024 |
| Eligibility | Graduate, 20 years |
| Vacancy | 6128 |
| IBPS Clerk Apply Online 2024 Last Date | July 21, 2024 |
| IBPS Clerk Monthly Salary | Rs 28,000 to Rs 30,000 per month |
| Selection Process | Prelims & Mains |
| Official Website | ibps.in |
IBPS Clerk Salary in hand
The initial basic IBPS Clerk salary will be Rs 19,900 and the pay scale will be Rs 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The IBPS Clerk salary in hand typically ranges between Rs 28,000 to Rs 30,000 per month. This amount is calculated by combining the basic pay with various allowances. Here is the IBPS Clerk Salary in hand shared below for the knowledge of the candidates.
| IBPS Clerk Salary in hand | |
| Basic Pay | 19,900 |
| Dearness Allowance | Rs. 5,209 |
| House Rent Allowance | Rs. 2,039 |
| Travelling Allowance | Rs. 757 |
| Special Allowance | Rs. 4,118 |
| Gross Pay | Rs. 32,000 |
| Deduction | Rs. 2,500 |
| IBPS Clerk Salary In-hand | Rs 29,000 |
IBPS Clerk Salary Per Month
Candidates must be familiar with the IBPS Clerk Salary Per Month before applying for the post. An IBPS Clerk monthly salary is a combination of basic pay (initially Rs. 19,900) and allowances like HRA and DA. This translates the IBPS Clerk in-hand salary to a range of Rs. 28,000 to Rs. 30,000 per month, though the actual amount can vary depending on location and admissible benefits. Here is the complete information of the IBPS Clerk Salary per month in a detailed manner.
- Initial Basic Pay: 19,900 with a yearly increment of 1000 for three years
- Basic Pay after 3 years: 20,900, with an annual increment of 1230 for the next three years
- Basic Pay after the next 3 years: 24,590, with an annual increment of 1490 for the next four years
- Basic Pay after the next 4 years: 30,550, with an annual increment of 1730 for the next 7 years
- Basic Pay after the next 7 years: 42,600, with an annual increment of 3270 for the next year
- Basic Pay after the next 1 year: 45,930, with an annual increment of 1990 for the next year
- Basic Pay after next year 1 year: 47,920 (maximum Basic Pay)
| IBPS Clerk Salary Other Related Links | |
| IBPS Clerk 2024 | IBPS Clerk Syllabus 2024 |
| IBPS Clerk Previous Year Question Paper | IBPS Clerk Salary |
IBPS Clerk Salary Slip
The actual IBPS Clerk salary slip varies as it depends on the individual’s location, allowances, and tax deductions. However, the IBPS Clerk salary slip comprises information about the Employee name, Employee ID, branch name, earnings, deductions, net salary, and etc. It can be used when you are applying for a loan or income tax.
IBPS Clerk salary after 5 years
An IBPS Clerk salary after 5 years is estimated to be around Rs.24,590 as basic pay. This is because the IBPS pay scale provides increments after the initial years, with the basic pay reaching Rs. 20,900, after three years and then increasing by annual increments in the following years. Remember, that the total IBPS Clerk salary after 5 years will also include allowances like Dearness Allowance (DA) which can fluctuate. However, it’s crucial to remember that this is an expected figure and the actual amount might vary slightly.
IBPS Clerk salary after 10 years
An IBPS Clerk salary after 10 years is estimated to be around 42,600 as basic pay. This is because the IBPS pay scale provides increments after the initial years, with the basic pay reaching Rs. 42,600, after 10 years and then increasing by annual increments in the following years. Remember, that the total IBPS Clerk salary after 10 years will also include allowances like Dearness Allowance (DA) which can fluctuate. However, it’s crucial to remember that this is an expected figure and the actual amount might vary slightly.
IBPS Clerk Salary: Perks & Allowances
Apart from the basic IBPS Clerk salary, the annual package or monthly salary comprises the following perks and allowances shared below. The allowances increase the overall IBPS Clerk salary in hand.
- Dearness Allowance (DA) (4 per cent)
- Special Allowance
- House Rent Allowance (HRA) (6.5 per cent to 8.5 per cent)
- Travel Allowance (TA)
- Medical Allowance (MA)
IBPS Clerk Job Profile
The IBPS Clerk job profile is a customer-facing role with a variety of responsibilities that contribute to the smooth functioning of the bank. Here is the breakdown of the key responsibilities of an IBPS Clerk:
- To handle inquiries at counters, resolve customer issues, and explain various banking products and services.
- To manage cash deposits and withdrawals, ensuring accuracy and following security protocols.
- To process loan applications and other paperwork.
- To issue Demand Drafts (DDs) and other banking instruments used for money transfer.
IBPS Clerk Salary: Career Growth & Promotion
The selected candidates will be eligible for the promotion after serving at least 2 years on the job. The promotions are conducted in two ways i.e. internal exams or merit basis (JAIIB/CAIIB). Candidates will be promoted to higher posts based on their performance in seniority, experience, work performance and clearing the internal exams. Mentioned below is the IBPS Clerk Promotion Hierarchy.
- 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
IBPS Clerk Salary 2024 FAQs
Q1. What is IBPS Clerk salary per month?
Ans. The basic pay is Rs 19900 and the IBPS Clerk salary per month typically ranges between Rs 28,000 to Rs 30,000
Q2. What is IBPS Clerk salary in hand?
Ans. The initial basic IBPS Clerk salary will be Rs 19,900 and the pay scale will be Rs 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.
Q3. What is IBPS Clerk salary after 5 years?
Ans, An IBPS Clerk salary after 5 years is estimated to be around Rs.24,590 as basic pay.
Q4. What is IBPS Clerk salary after 10 years?
Ans. An IBPS Clerk salary after 10 years is estimated to be around 42,600 as basic pay.