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IBPS Clerk Salary in Hand 2019 Pay Scale (7th CPC) Promotion/Increment

IBPS 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 IBPS Clerk Salary in Hand is Rs 11765/-. Besides this, Pay Scale (7th CPC) also includes incentives, allowances & others. One must be aware about Promotion & Increment in pay.

When will IBPS Clerk 2019 Exam Take Place?

IBPS Clerk Prelims Exam Date 2019 is 07th December, 08th December, 14th December and 15th December 2019. Successfully qualified under prelims will be invited for Mains Exam held on 19th January 2020.

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 2019 including IBPS Clerk Annual Increment & others.

IBPS Clerk Salary 2019

What Is The In Hand Salary Of IBPS Clerk?

When talking about IBPS Clerk Salary 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.

IBPS Clerk Salary Structure 2019:

FacilitiesPlaces with Population
> 45 lakhs
Basic PayRs.11765/-
Special AllowanceRs.911.79/-
DARs.5311.58/-
CCARs. 0/-
Transport AllowanceRs.425/-
Total (without HRA)Rs.18413.37/-
HRARs.1176.5/-
Gross with HRARs.19589.87/-

Press Here For IBPS Clerk Exam Date

IBPS Clerk Pay Scale 2019:

FacilitiesBelow 45 Lakhs
Basic PayRs.11765/-
Special AllowanceRs.911.79/-
DARs.5311.58/-
CCARs. 0/-
Transport AllowanceRs.425/-
Total (without HRA)Rs.18413.37/-
HRARs.1058.85/-
Gross with HRARs.19472.22/-

IBPS Clerk Salary and Allowances 2019:

Initial Basic Pay:  Rs 11765 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: Rs 16175 and yearly increment of Rs 980 for the next four years

Basic Pay after the next 4 years: Rs 20095 and yearly increment of Rs 1145 for the next 7 years

Basic Pay after the next 7 years:  Rs 28110 and yearly increment of Rs 2120 for next one year

Basic Pay after the next 1 year: Rs 30230 and yearly increment of Rs 1310 for next one year

Basic Pay after next year: Rs 31540 (maximum Basic Pay)

IBPS Clerk Current Salary Structure of Banks 2019:

IBPS Clerk Job SalaryIBPS Bank Clerk Salary
Allahabad Bank Clerk SalaryRs. 15,000 – Rs. 26,000

Consolidated salary can be approx Rs. 30,000 – Rs. 32,000 (including allowances)

Andhra Bank Clerk SalaryRs. 7200- 19300 plus DA, HRA, etc, As per Bipartite Settlement amended from time to time
Bank of Baroda Clerk SalaryBasic 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 SalaryRs.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 SalaryRs. 11765-31540/-
Canara Bank Clerk SalaryRs. 17, 000 to Rs. 18,000/-
Central Bank of India Clerk SalaryRs. 7300 – Rs. 19,300 excluding DA, HRA and all other perks and allowances.
Corporation Bank Clerk SalaryPresent Hike 15%
Current Basic: 14500
Current Gross Salary: 31364
Current NPS Contribution: 3042.1
Current Net Salary: 28321
Dena Bank Clerk SalaryRs. 30,125
IDBI Bank Clerk SalaryRs. 14626 (Starting Salary)
Indian Bank Clerk SalaryRs.7200 to Rs.19300/-
Indian Overseas Bank Clerk SalaryRs.7200 to Rs.19300/-
Oriental Bank of Commerce Clerk SalaryRs. 7200 – 19300/-
Punjab National Bank Clerk SalaryRs.20, 450/-
Punjab and Sind Bank Clerk SalaryRs. 11765-31540/-
State Bank of India Clerk SalaryRs. 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 SalaryRs. 18000-21000/-
State Bank of Mysore Clerk SalaryRs. 7200/- 19300/-
State Bank of Patiala Clerk SalaryRs. 7200/- 19300/-
State Bank of Travancore Clerk SalaryRs. 19,960/-
Syndicate Bank Clerk SalaryRs. 34,288/-
UCO Bank Clerk SalaryRs. 20, 180/-
Union Bank of India Clerk SalaryRs. 24,106- Rs. 25,958/-
United Bank of India Clerk SalaryRs.20,450/-
Vijaya Bank Clerk SalaryRs. 20,500/-

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

IBPS Clerk Salary In Hand 2019:

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.

IBPS 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 Salary Promotion:

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

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

IBPS Clerk Promotion 2019:

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 2019:

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 IBPS Clerk 2019 Salary Growth details given below. After promotion as an Officer, you may get hike in IBPS Clerk 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 2019:

Time Increment
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

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 2019 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 IBPS 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 IBPS Clerk Salary of Bank fresher Clerk will be Rs.22,228/- (IBPS 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).

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

IBPS Clerk Salary After Revision 2019

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 IBPS Clerk Salary Package according to new process.

Hit Here To Know: Amazing Ways to Make Money

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 IBPS Clerk 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. IBPS Clerk 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 Schedule: IBPS 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 2019.

Get Here Complete Schedule: IBPS Exam Calendar

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 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

Get List of More: Upcoming Bank Jobs

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.

Know Here: How to Get Direct Recruitment in Private Banks

There are also different scales under Officer Cadre. Promotion are given to employees on different scale as per their experience as skills. For the easiness of candidates, we have provided stages of promotion.

  • Bank Clerk
  • Officer/ Assistant Manager
  • Manager
  • Senior Manager
  • Chief Manager
  • General Manager
  • Deputy General Manager
  • General Manager

Check Out More: Clerk Recruitment

Responsibilities of IBPS Clerk 2019

  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.

Final Words:

Here we the team of www.recruitmentinboxx.com has provided the complete details regarding IBPS Clerk Salary In Hand 2019. For attaining other vital and significant details regarding IBPS Clerk Salary Package, 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 for acquiring more details about Salary structure of IBPS Clerk.

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6 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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