Exams
IBPS Clerk Salary 2024: The IBPS clerk exam is sought after and one of the most competitive exams in the country that provides a chance to work in a lot of centralized banks throughout the country but only on clerical posts. The Institue of Banking Personnel Selection conducts an online exam each year which is known as CWE or Common Written Exam for vacancies related to the IBPS post.
In this article, we will cover one of the most highlighted aspects of this job, IBPS PO Salary & Perks 2024. So, hold tight and read till the end to know all the benefits and in-hand pay received by a Clerk in IBPS.
The IBPS Clerk salary in India gradually increases as an employee continues to work and gets promoted through the course of his job.
As per the IBPS, the pay scale of a Clerk in IBPS is:
Rs. 19,900 - 1,000 / 1 - 20,900 - 1,230 / 3 - 24,590 - 1,490 / 4 - 30,550-1,730 / 7 - 42,600 - 3,270 / 1 - 45,930 - 1,990 / 1 - 47,920.
The IBPS Clerk salary gains increment in every few years of service. The table below gives an idea of the salary of an IBPS Clerk after fixed periods of time - 1 year, 3 years, 4 years, and 7 years.
Basic Pay | Amount (In INR) |
Initial Basic Pay | 19,900 with a yearly increment of 1000 for three years |
Basic Pay after 3 years | 20,900, with a yearly increment of 1230 for the next three years |
Basic Pay after the next 3 years | 24,590, with a yearly increment of 1490 for the next four years |
Basic Pay after the next 4 years | 30,550, with a yearly increment of 1730 for the next 7 years |
Basic Pay after the next 7 years | 42,600, with a yearly increment of 3270 for the next year |
Basic Pay after the next 1 year | 45,930, with a yearly increment of 1990 for the next year |
Basic Pay after next year 1 year | 47,920 (maximum Basic Pay) |
The minimum basic pay of an IBPS clerk starts at Rs. 19,900/- and the maximum goes till Rs. 47, 920.
The allowances, other than the basic pay are explained below:
The latest salary structure for IBPS Clerk is as follows
Headings | Amount (in INR) |
Basic Pay | INR 19,900 |
Dearness Allowance | INR 5209.82 |
Special Allowance | INR 4118 |
Transport Allowance | INR 757.08 |
CCA | INR 0 |
House Rent Allowance(HRA) | INR 2039.75 |
Gross Pay | INR 32,024.65 |
Deduction (NPS Fund, Union Fee) | INR 2570.98 |
Net Pay | INR 29453.67 |
HRA% is varied as per the cities that the candidate will be posted in eventually:
Cities | HRA % |
Metro Cities | 8.5 |
Cities with Population more than 5 lakhs | 7.5 |
Other Cities | 6.5 |
The IBPS clerk 2024 salary varies from bank to bank as well. Few other facilities that can be availed by the employees are home loans, education loans, medical benefits, etc.
Attempt the IBPS Clerk Mock Test for free
The job profile of IBPS Clerk is not limited to just one task, they are deployed on various profiles after their selection for the position. A few of them are as listed here:
Clerks are often placed in various departments like accounts clerk, loan clerk, office clerk, etc. Clerks are usually the first point of contact for any customer who is visiting the bank premises.
After becoming a clerk in any Public sector bank, multiple opportunities can be availed by the aspirant to become the officer in the bank but there are certain constraints to that. An employee needs to complete 2 years of service with the same bank to be eligible to appear for the test for the officer rank. Public sector banks do carry out the test for promotions every 2 years. They need to apply for the promotion and appear for the examinations, like JAIIB (Junior Associate of the Indian Institute of Bankers) and CAIIB (Certified Association of the Indian Institute of Bankers). After becoming an officer the career prospects for an employee looks like this:
The growth of an employee is also dependent on his/her performance over their tenure with the bank. Banks do consider employees with impeccable work performance for higher positions.
This career prospect is completely under the bank's prerogative. Banks do design these programs and implement changes as they deem fit.
Attempt the IBPS Clerk Mock Test for free
Q1. What is the in Hand salary of IBPS Clerk ?
Ans. 28,000 to Rs. 30,000 per month in Hand salary of IBPS Clerk
Q2. What is the basic pay of IBPS Clerk 2024
Ans. IBPS clerk basic pay is Rs. 19,900 rupees and the maximum goes to Rs. 47,920 rupees
The basic pay of IBPS Clerk is INR 20,900 with a yearly increment of INR 1,230 for the next three years.
Yes, the IBPS Clerk cut-off is released by IBPS separately for Prelims and Mains. Candidates will be able to see both the sectional and overall cut-off marks for their respective categories.
Documentation and back-office work are the key responsibilities of an IBPS Clerk. Verifying documents and countersigning cheques and bank drafts are also part of the job description.
No, after passing class 12th, a candidate cannot apply for the IBPS Clerk examination. To apply for the exam, a candidate must have at least a Bachelor’s degree in any discipline.
The IBPS Clerk test does not have a set number of attempts. A candidate may apply for as long as he or she is qualified for the examination.
Yes, for each incorrectly marked response, 0.25 points are deducted. Because the prelims and mains computer-based examinations have negative marking, candidates must be extremely cautious while answering questions.
The IBPS Clerk 2024 Recruitment has announced a total of 6,128 vacancies.
The registration for the IBPS Clerk Recruitment 2024 starts on 01st July 2024.
Please wait while we process your request....
Please wait...