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:
|Facilities||Places with Population|
> 45 lakhs
|Total (without HRA)||Rs.18413.37/-|
|Gross with HRA||Rs.19589.87/-|
IBPS Clerk Pay Scale 2019:
|Facilities||Below 45 Lakhs|
|Total (without HRA)||Rs.18413.37/-|
|Gross with HRA||Rs.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 Salary||IBPS Bank 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 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 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 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 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/-|
Check Out in Detail: IBPS Clerk Eligibility Criteria
IBPS Clerk Increment 2019:
|Initial Basic Pay Rs 11765|
|For 3 years||Rs 655|
|Basic Pay after 3 years Rs 13730|
|Next 3 years||Rs 815|
|Basic Pay after the next 3 years – Rs 16175|
|Next 4 years||Rs 980|
|Basic Pay after the next 4 years – Rs 20095|
|Next 7 years||Rs 1145|
|Basic Pay after the next 7 years -Rs 28110|
|Next 1 year||Rs 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.
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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 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.
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
- Senior Manager
- Chief Manager
- General Manager
- Deputy General Manager
- General Manager
Check Out More: Clerk Recruitment
Responsibilities of IBPS Clerk 2019
- Highly responsible for handling deposits and cash withdrawals
- Manage charge of the drafts, receipt of cheques and pay orders etc
- Marketing financial products of Bank such as loans, mutual funds etc
- Maintain daily record of balance and ledger
- Ensure payment clearances, Issuing cheque books etc.
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.
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