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IBPS Clerk Salary 2016–2017 In Hand Salary Structure, Per Month Pay Scale

IBPS Clerk Salary

IBPS Clerk SalaryIf you are in search of IBPS Clerk Salary 2016 so this page is completely made for you. Candidates if you wish to apply for Clerk Post and want to know the salary structure of clerk so here on this page you may get the complete details regarding pay scale of clerk and also the In Hand Salary by which candidates can get an idea of Clerk Income Per month and Allowances. We are also trying to collect more information about IBPS Clerk Salary 2017, so you need to stay connected with our web portal.

IBPS stands for Institute of Banking Personnel Selection and it is institutional organization which conducts recruitment for various posts of PSU banks. For staff of its participating banks and it conducts clerical cadre examination every year throughout India. All the job hunters who have decided their career in banking field as Clerk they should check the below given details written by www.recruitmentinboxx.com as we are here mentioning the IBPS Clerk Salary after Revision.

IBPS Clerk Salary

IBPS Clerk Pay Scale:

Facilities Places with population of more than 45 lakhs Places with population of more than 12 lakhs Places with population 5 lakh and above, State Capitals/UT etc Other Places
Basic Pay Rs.7200.00/- Rs.7200.00/- Rs.7200.00/- Rs.7200.00/-
Dearness Allowance Rs.6922.80/- Rs.6922.80/- Rs.6922.80/- Rs.6922.80/-
HRA – 10 ; 9%; 7.5%,7% Rs.720.00/- Rs.648.00/- Rs.540.00/- Rs.504.00/-
Total Salary(including HRA) Rs.14842.80/- Rs.14770.80/- Rs.14662.80/- Rs.14626.80/-

Know More About: Bank Salary Structure

In Hand salary:

After Revision, the In Hand Salary will increase from now salary Rs. 21,339 to Revised Salary Rs. 23,117/-.

Component Now After Revision
Basic 8000 12812
HRA 800 (10 % Of DA) 1921 (15 % Of DA)
DA 8000 5124
Total 17225 21990
Pf -1722 -2199
Tax -20 -20
Union Fee -40 -60
Benefit Fund -250 -250

New Salary after Revision:

  • Bank PO Salary after revision will be anywhere between Rs.38,678 to Rs.41,899
  • Bank Clerk Salary after revision will be anywhere between Rs.21,339 to Rs.23,117

IBPS Clerk Allowances:

Basic Salary:

The initial salary is Rs. 7200/- and almost all commercial banks are giving allowances in exactly 2 increments of Rs. 400/-. In this mean the total basic salary for newly joined clerk is of Rs. 8000/-.

Must Check: IBPS Notification

Increments:

After completion of the 1 year service there will also be 1 increment so in that case candidates will get total 3 increments by the end of the service. 2nd Years of the service the increment will be of Rs. 500/- till the next three years.

DA (Dearness Allowances):

The DA (Dearness allowances) is revised for every three months like “Jan, Feb, March”, “April, May, June”, “July, Aug, Sep”, “Oct, Nov, Dec”. These are the quarters in which the DA is changed as per the consumer price index.

Do You Know: IBPS PO Salary Package

CCA (City Compensation Allowances):

These allowances will be applicable to those employees who appointed at the big cities or metro cities. It is 4% for metro cities and 3% for other cities.

HRA (House Rent Allowance):

The HRA also depends on the place of the posting and it may be 10% or 9%or 7.5%or 7%. There is 10% HRA for metro cities, 9% for population more than of 12 lakhs with GOA, 7.5% for the population more than of 5 lakhs and Rest 7 percentage for other cities.

Also Check: IBPS Specialist Officer Salary

Bank Clerk Salary after Revision in 10th bipartite settlement:

  • We are expecting minimum 20% increment to this basic pay. At most we get 25% increment.
  • If IBA agree for 20% increment, Final Basic Pay will be Rs.15, 374. So, you obtain total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk will be Rs.21, 339/- (Worst Possible Scenario)
  • If IBA agree for 25% increment, Final Basic Pay will be Rs.16,015.So, total Gross Salary of Bank fresher Clerk will be Rs.22,228/- (Somewhat Good)
  • If IBA agree for 30% increment, Final Basic Pay will be Rs.16, 655. So, total Gross Salary of Bank fresher Clerk will be Rs. 23,117/- (Good Settlement)

Here on this page of www.recruitmentinboxx.com you may get the complete details regarding IBPS Clerk Salary 2016. For getting more details regarding IBPS Clerk Salary 2017, you must keep visiting our official web portal. You can subscribe our free mail section to get the latest updates. Candidates may also bookmark our web portal by using ctrl+d option.

You May Also Like To Check This Section

IBPS Clerk Books IBPS Clerk Exam Pattern
IBPS Clerk Admit Card IBPS Clerk Eligibility Criteria
IBPS Clerk Syllabus IBPS Clerk Sample Papers
IBPS Score Card Online Practice Test for IBPS
IBPS Question Papers IBPS Study Material
IBPS RRB Notification Bank Coaching Centers

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3 comments

  1. how much salary does a RSCB BANKING ASSISTANT OBTAIN??? WHICH JOB IS BETTER BETWEEN rsCB CLERK & IBPS CLERK??

  2. Is there any level difference between po preliminary & mains except GA and COMPUTER

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