IBPS Clerk Salary
Latest increment in IBPS Clerk Salary !!! Clerks will be paid according to the New IBPS Clerk Salary Structure Now. If you are still unaware from IBPS Clerk In Hand Salary, 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 Average Salary Per Month. You should read the below given details to know about IBPS Clerk Pay Scale after revision and Promotion.
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 Structure after Revision along with 7th Pay Commission details.
IBPS Clerk Salary
IBPS Clerk Pay Scale In Hand:
If you want to know the in hand salary of IBPS Clerk, please go through below given table. You can check the 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/-|
Know More About: Bank Salary Structure
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 Salary After Clerk Promotion:
|Clerk Grade||New pay Scale|
|Existing Basic Pay||Rs. 11765 – 31540/-|
|Revised Basic Pay||Rs. 30000 – 68900/-|
|Annual Increment||1500/3 – 1900/8 – 2400/8|
Also Check: IBPS Specialist Officer Salary
IBPS Clerk Allowances:
Recruited contenders by Institute of Banking Personnel Selection for the post of Clerk will get various allowances after IBPS Allotment of Job.
- Basic Salary:
Basic Pay Scale of IBPS Clerk is Rs. 11765- 31540/- and all the commercial banks give 1 year tune-up after completion of one year.
After completion of the 1 year service you will an increment of Rs. 400/- and Rs. 500 increment in 2nd year. In next three years you can avail these increments accordingly.
- DA (Dearness Allowances):
DA is called Dearness allowances which are revised quarterly for every three months which is based on CPI (Consumer Price Index )declared by the banks. It will be done on quarterly basis like “Jan, Feb, March”, “April, May, June”, “July, Aug, Sep”, “Oct, Nov, Dec”.
- HRA (House Rent Allowance):
House Rent Allowance will be allotted according to the place of posting such as 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations. HRA will be decided according to the population percentage of cities and others.
Do You Know: IBPS PO Salary Package
Perks and Benefits for IBPS Clerk:
- Leased Accommodation:
Those, who are appointed as clerk through IBPS, will be admissible for Leased Accommodation from recruiting banks.
- Traveling Allowance:
Some banks also offer Traveling Allowance to the Clerks. These allowances are based on the distance between the work place and home.
- Medical Aid:
All banks pay Medical Allowances to the Clerks per year. It is around Rs. 2000/- per year and for serious issue, employees can also get other medical benefits.
Must Check: IBPS Notification
IBPS Clerk Salary After 11th Bipartite Settlement:
An increment of 20% to 30% in basic pay and at most we get 25% increment and its full fledged details are as shown below:
- If Indian Banks’ Association (IBA) agrees for 20% increment:
Recruited candidates will get Rs.15, 374 /- as a basic pay 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/- (Nice package)
- If IBA agrees for 30% increment:
Final Basic Pay of Rs.16, 655 /- will be given to selected candidates. So, total Gross Salary of Bank Clerk will be Rs. 23,117/- (Good Settlement).
Read Also: How To Negotiate Salary With HR
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 Pay Scale as mentioned here. Please check the expected wages of Clerk after promotion.
|Increment (%)||Basic Pay||Total Gross 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/-|
IBPS Clerk Salary After Revision:
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 salary according to new process.
Check Out: List Of Banks Under IBPS
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.
Banking Career Path:
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.
Must Read: Career in Banking Sector In India
Scope as IBPS Clerks:
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.
The scope of Promotion:
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.
Do You Know The Seven 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|
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