Home / Recruitment 2023 / IBPS Clerk Salary in Hand 2023 Pay Scale (7th CPC) Promotion/Increment

IBPS Clerk Salary in Hand 2023 Pay Scale (7th CPC) Promotion/Increment

BPS Clerk Salary

Clerk is an entry level job in bank. What is the salary of bank clerk in IBPS? If you are newly recruited, then started IBPS Clerk Salary in Hand is Rs 19900/-. Besides this, Pay Scale (7th CPC) also includes incentives, allowances & others. One must be aware about Promotion & Increment in pay.

What Is Exact Salary Of IBPS Clerk As Per (7th CPC)?

Gross Salary of clerk is Rs 23115 including Basic pay, special allowances, Dearness allowances, City Compensatory Allowance, Transport Allowance & House Rent Allowance. Thus, one employed as clerk enjoys various benefits & incentives.

Team of www.recruitmentinboxx.com has made discussion on IBPS Clerk Salary in Hand 2023 including IBPS Clerk Annual Increment & others.

IBPS Clerk Salary

What Is The In Hand Salary Of IBPS Clerk?

When talking about Salary of IBPS Clerk in Hand, it is Rs 11765 (Basic Pay) with a yearly increment of Rs 655 for three years. Also, it goes up to maximum Rs 31540.

Clerk Salary Structure 2023:

Salary Structure 2023
Basic Pay in IndiaRs. 19,900/-
Dearness AllowanceRs. 5,209/-
House Rent AllowanceRs. 2,039/-
Traveling AllowanceRs. 757/-
Special AllowanceRs. 4,118/-
CCARs. 0/-
Gross PayRs. 32,023/-
Deduction (Union Fee, NPS Fund)Rs. 2,571/-
Salary In-handRs. 29,452/-

Clerk Salary and Allowances 2023:

Initial Basic Pay:  INR 19,900 with a yearly increment of Rs 655 for three years

Basic Pay after 3 years: Rs 13730 and yearly increment of Rs 815 for the next three years

Basic Pay after the next 3 years: INR 24,590 and yearly increment of Rs 980 for the next four years

Basic Pay after the next 4 years: INR 30,550 and yearly increment of Rs 1145 for the next 7 years

Basic Pay after the next 7 years:  INR 42,600 and yearly increment of Rs 2120 for next one year

Basic Pay after the next 1 year: INR 45,930 and yearly increment of Rs 1310 for next one year

Basic Pay after next year: INR 47,920 (maximum Basic Pay)

You can apply for the job from here
IBPS Clerk Recruitment

Clerk Salary In Hand 2023:

The basic pay of an IBPS Clerk is Rs. 11765/- per month, in the scale of Rs. 11765-655 / 3-13730-815 / 3-16175980 / 4-20095-1145 / 7-28110-2120 / 1-30230-1310 / 1-31540. Besides this, bank clerks are also entitled to other special pay and allowances.

Clerk Salary and 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 IBPS Clerk Promotion:

Clerk GradeSalary Per Month
Existing Basic PayRs. 11765 – 31540/-
Revised Basic PayRs. 30000 –  68900/-
Annual Increment1500/3 – 1900/8 – 2400/8

IBPS Clerk Promotion 2023:

After appointed as clerk, one has various growth opportunities. After gaining experience in your field, you will get plenty of options to flourish.

Scope of Promotion After IBPS Clerk 2023:

Every year approx 60,000 -70000 clerks recruited in banks. Within span of year, one gets promoted to higher level. Journey of promotion from a clerk to an officer is easier for those having adequate knowledge & skills.

There are 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

IBPS Clerk Salary Increment

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

Increment (%)Basic PayTotal 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/-

Check Out in Detail: IBPS Clerk Eligibility Criteria

IBPS Clerk Increment 2023:

Initial Basic Pay Rs 11765
For 3 yearsRs 655
Basic Pay after 3 years Rs 13730
Next 3 yearsRs 815
Basic Pay after the next 3 years – Rs 16175
Next 4 yearsRs 980
Basic Pay after the next 4 years – Rs 20095
Next 7 yearsRs 1145
Basic Pay after the next 7 years -Rs 28110
Next 1 yearRs 2120

Salary After 11th Bipartite Settlement

An increment of 20% to 30% in Salary of Clerk and at most we get 25% increment and its full-fledged details regarding Salary 2023 are as shown below:

#1. 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 Clerk Gross Salary given to Bank fresher Clerk will be Rs.21, 339/- per month.

#2. 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 Salary of Bank fresher Clerk will be Rs.22,228/-  (RRB Clerk Salary)

#3. 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).

IBPS Clerk Pay Scale After Revision 2023

After revision of 11th Bipartite Wage Settlement, aspirants who, will be selected for IBPS Clerk Vacancy will get Rs. 19,461/- to IBPS Clerk 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 Package according to new process.

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.

Through the newest 7th Pay Commission candidates will get excellent IBPS Clerk Salary Package. Salary After 7th Pay will be implemented by Government representative payment and financiers which will be more attractive and impressive.

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 ScheduleIBPS Exam Calendar

IBPS Clerk Salary Structure

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 2023.

IBPS Clerk Salary and Allowances

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 AllowanceThis 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 HandRs 19,461

IBPS Clerk Career Growth

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 IBPS Clerk Exam Salary as well as designations increment.

Today banking sector is growing tremendously because of this bank employees are getting so many benefits and perks apart from IBPS Clerk Basic Salary. 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 above given to employees on different scale as per their experience as skills.

Check Out More: Clerk Recruitment

Responsibilities of IBPS Clerk 2023

  1. Highly responsible for handling deposits and cash withdrawals
  2. Manage charge of the drafts, receipt of cheques and pay orders etc
  3. Marketing financial products of Bank such as loans, mutual funds etc
  4. Maintain daily record of balance and ledger
  5. Ensure payment clearances, Issuing cheque books etc.

FAQ (Frequently Asked Questions)

Ques 1: What is salary of IBPS Clerk in Hand?

Ans: IBPS Clerk Salary in Hand is Rs 11765/.

Ques 2: What is the monthly salary of IBPS Clerk?

Ans: Rs. 28,000 to Rs. 30,000/- per month.

Ques 3: What is SBI Clerk salary?

Ans: Initially the salary of SBI clerks is Rs. 19900/.

Ques 4: Is IBPS Clerk interview tough?

Ans: The IBPS Clerk interview round can be cracked easily.

Final Words:

Here we the team of www.recruitmentinboxx.com has provided the complete details regarding IBPS Clerk salary In Hand 2023. For attaining other vital and significant details regarding IBPS Clerk Salary Package, IBPS Clerk Salary Slip,  you must keep visiting our official web portal.

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IBPS Clerk SyllabusIBPS Clerk Previous Year Question Paper
IBPS Clerk Admit CardIBPS Clerk Result

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