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In Hand IBPS Clerk Salary In 2018 Promotion Policy For IBPS Clerks

IBPS Clerk Salary

Latest Increment in IBPS Clerk Salary This Year!!! Clerks will be paid according to the New IBPS Clerk Salary Structure Now. If you are still unaware from In Hand IBPS Clerk Salary In 2018, please go through complete details that are given here. Those, who are willing to make their career in Banking Sector as Clerk, must know IBPS Clerk Salary after 7th Pay Commission. You should read the below given details to know about IBPS Clerk Pay Scale after revision and Promotion. Huge Promotion Policies are available For IBPS Clerks.

Institute of Banking Personnel Selection is a well reputed institutional organization, which conducts common written exam for various posts of PSU banks. For appointing staff in its participating banks, it conducts clerical cadre examination every year in all over the India. All the aspirants, who want to uplift their career in banking sector as Clerk, they should scroll this web page that is represented by team of www.recruitmentinboxx.com as we are mentioning IBPS Clerk Salary After Revision.

IBPS Clerk Salary

Clerk Salary According to Bank

Salary As Per Banks Clerk Salary
Allahabad Bank Clerk Salary
  • Rs. 15,000 – Rs. 26,000
  • Consolidated salary can be approx Rs. 30,000 – Rs. 32,000 (including allowances)
Andhra Bank Clerk Salary Rs. 7200- 19300 plus DA, HRA, etc, As per Bipartite Settlement amended from time to time
Bank of Baroda Clerk Salary
  • Basic Pay: 13075
  • Dearness Allowance (DA) Rs:4406.28 (33.7 % of Basic Pay)
  • House Rent Allowance(HRA): 980.63 (7 .5 % of Basic Pay)
  • Special Allowance: 1013.31 (7.75 % of Basic Pay)
  • DA on Special Allowance: 341.49 (33.7 % of Special Allowance)
  • Transport Allowance: 425
  • Gross Salary : 20241/-
Bank of India Clerk Salary
  • Rs.20, 340/.
  • However, the total salary of a clerk who has to join in rural area will be about Rs.20,045/-
Bank of Maharashtra Clerk Salary Rs. 11765-31540/-
Canara Bank Clerk Salary Rs. 17, 000 to Rs. 18,000/-
Central Bank of India Clerk Salary Rs. 7300 – Rs. 19,300 excluding DA, HRA and all other perks and allowances.
Corporation Bank Clerk Salary
  • Present Hike 15%
  • Current Basic: 14500
  • Current Gross Salary: 31364
  • Current NPS Contribution: 3042.1
  • Current Net Salary: 28321
Dena Bank Clerk Salary Rs. 30,125
IDBI Bank Clerk Salary Rs. 14626 (Starting Salary)
Indian Bank Clerk Salary Rs.7200 to Rs.19300/-
Indian Overseas Bank Clerk Salary Rs.7200 to Rs.19300/-
Oriental Bank of Commerce Clerk Salary Rs. 7200 – 19300/-
Punjab National Bank Clerk Salary Rs.20, 450/-
Punjab and Sind Bank Clerk Salary Rs. 11765-31540/-
State Bank of India Clerk Salary Rs. 7200/- 19300/-
State Bank of Bikaner and Jaipur Clerk Salary
  • In Metro Cities like Mumbai Pay band / Salary : INR 20950
  • In class Y cities with 20% DA Pay band / Salary : INR 20000
  • In class Z cities with 19% DA Pay band / Salary : INR 19000
State Bank of Hyderabad Clerk Salary Rs. 18000-21000/-
State Bank of Mysore Clerk Salary Rs. 7200/- 19300/-
State Bank of Patiala Clerk Salary Rs. 7200/- 19300/-
State Bank of Travancore Clerk Salary Rs. 19,960/-
Syndicate Bank Clerk Salary Rs. 34,288/-
UCO Bank Clerk Salary Rs. 20, 180/-
Union Bank of India Clerk Salary Rs. 24,106- Rs. 25,958/-
United Bank of India Clerk Salary Rs.20,450/-
Vijaya Bank Clerk Salary

Rs. 20,500/-

You can apply for the job from here: IBPS Clerk Recruitment

IBPS Clerk Salary 2018 In Hand

If you want to know the In Hand Salary of IBPS Clerk, please go through below given table. You can check the IBPS Clerk Salary (Basic Pay), Special Allowance, DA, CCA, TA, HRA and Gross with HRA for Clerk from here:

Component And Facilities Provided Places With Population Places With Population
Above 45 Lakhs Below 45 Lakhs
Basic Pay Rs. 11765/- Rs. 11765/-
Special Allowance Rs. 911.79/- Rs. 911.79/-
DA (Dearness Allowances) Rs. 5311.58/- Rs. 5311.58/-
CCA Rs. 0/- Rs. 0/-
Transport Allowance (TA) Rs. 425/- Rs. 425/-
Total (without HRA) Rs. 18413.37/- Rs. 18413.37/-
HRA Rs. 1176.5/- Rs. 1058.85/-
Gross with HRA Rs. 19589.87/- Rs. 19472.22/-

IBPS Clerk Salary Scale with Increment (Promotion):

After completion of Clerical training, clerks are promoted for the post of Officer. Through this increment, Salary of clerks is also increased according to the salary rules of banks. You need to go through the stats that are given below to know the IBPS clerk 2018 Salary After Clerk Promotion:

Clerk Grade IBPS Clerk Salary Per Month
Existing Basic Pay Rs. 11765 – 31540/-
Revised Basic Pay Rs. 30000 –  68900/-
Annual Increment 1500/3 – 1900/8 – 2400/8

Crack it and get posted under given pay scale: Crack IBPS Clerk Exam in 7 Weeks 

IBPS Clerk Salary After 11th Bipartite Settlement:

An increment of 20% to 30% in Salary of IBPS Clerk and at most we get 25% increment and its full fledged details regarding IBPS Clerk Salary 2018 are as shown below:

If Indian Banks’ Association (IBA) agrees for 20% increment:

Recruited candidates will get Rs.15, 374 /- as a IBPS Clerk Starting Salary and you can get additional benefits such as 38.80% of DA & HRA on basic salary. So, total Gross Salary given to Bank fresher Clerk will be Rs.21, 339/- per month.

If the Indian Banks’ Association (IBA) agrees for 25% increment:

Aspirants who have enroll for bank clerk jobs will attain Rs.16,015/- per month as basic salary so total Gross Salary of Bank fresher Clerk will be Rs.22,228/- (IBPS RRB Clerk Salary)

If IBA agrees for 30% increment:

Final IBPS Bank Clerk Salary of Rs.16, 655 /- will be given to selected candidates. So, total Gross Salary of Bank Clerk will be Rs. 23,117/- (Good Settlement).

Do You Know? How to Fill Bank Preferences in IBPS Clerk

IBPS Clerk Salary Increment:

All the contenders can avail Salary Of IBPS Clerk with increment details given below. After promotion as an Officer, you may get hike in the Salary for IBPS Clerk as mentioned here. Please check the expected wages of Clerk after promotion.

Increment (%) Basic Pay Total Gross IBPS CWE Clerk Salary
15% Rs. 14,733/- Rs. 20, 450/-
20% Rs. 15,374/- Rs. 21,339/-
25% Rs. 16,015/- Rs. 22,228/
30% Rs. 16,655/- Rs. 23,117/-

What Will be IBPS Clerk Salary After Revision 2018?

After revision of 11th Bipartite Wage Settlement, aspirants who, will be selected for IBPS Clerk Vacancy will get Rs. 19,461/- to Revised Salary Rs. 21,990/- per month in hand. According to the Govt. setting up the stage for 11th wage revision, Indian Banks’ Association and Employee union associations will provide IBPS Clerk in Hand Salary according to new process.

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IBPS Clerk Salary After 7th Pay Commission:

Good news for all Central Government employees as government bank sector is one of the demanding and growing sector. Aspirants can get best Salary package from 2017 and reimbursement of Indian financiers (bankers) to expanded by 2017. Through the newest 7th Pay Commission candidates will get excellent IBPS Clerk Salary Package. This will be implemented by Government representative payment and financiers which will be more attractive and impressive.

How IBPS Clerk Salary and Promotion are co-related?

Every year approx 60,000 -70000 clerks appoint in PSBs. Some of the banks encourage you on a higher level officer job within a year. Thus those who join as clerks may be promoted as officers, as per banks norms. For bright candidates, in some banks, this promotion from a clerk to an officer is possible in a period as short as one year and applicants will get the increased Salary of IBPS Clerk 2018.

Do You Know The Scales In Officer Cadre?

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

Get here Complete Schedule: IBPS Exam Calendar

What are other major allowances payable on monthly basis as part of the IBPS Clerk Salary?

Dearness Allowance (DA): In IBPS, DA is revised quarterly and is based on CPI as declared by the banks i.e. DA can go up with higher CPI and vice versa.

House Rent Allowance (HRA): This varies according to Clerk’s place of posting. And it can be 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations.

Medical Allowance: This allowance is paid annually. And for a clerk, it is fixed at Rs 2000.

Transport Allowance (TA) – It is also an additional amount on IBPS Clerk take home salary.

IBPS Clerk Salary in Hand: Rs 19,461

Scope in Banking Sector

If you are working as IBPS Clerks, you are having a bright future. According to the experience you will get so many benefits in terms of salary as well as designations increment. Today banking sector is growing tremendously because of this bank employees are getting so many benefits and perks. Through your hard work and skills clerks can get promotion for the post of officer. There are also different scales under Officer Cadre. Promotion are given to employees on different scale as per their experience as skills.

Read in Detail: Career in Banking Sector In India

Everyone wants a secure future and dream to get a reputed and permanent job. For this aspirants willing to join Government Banks and wish to get recruited for latest jobs in government banking sector for safe future. As Government Banks provides financial and economical growth and also offer good salary for awesome career growth, everyone wants to be part of Indian Banks.

Final Words:

Here we the team of www.recruitmentinboxx.com has provided the complete details regarding IBPS Clerk Salary 2018. For attaining other vital and significant details regarding IBPS Clerk Salary Scale, 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 short cut key. If you have any query regarding IBPS Clerk Salary Details given here, please ask in comment box that is given below. We will give solution of your queries as soon as possible, so stay connected with www.recruitmentinboxx.com for Salary Structure of IBPS Clerk.

Have a look on below links

How To Get A Bank Job In India Bank Salary Structure
IBPS Exam Notification 8 New Courses, Which Draws Salary In Millions
Latest Private Bank Jobs Latest Bank Jobs
More Government Jobs Get Free Job Alerts On Mail

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5 comments

  1. Get the facts correct. I am a clerical cadre in a nationalised bank. Gross 23450 and inhand salary of 21430. We can expect 26-27k gross after 11 settlement.

  2. I have cleared ibps clerk exam & got provisional allotment in canara bank.I want to know what will be the in hand salary in starting period.

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

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

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