IBPS Clerk Salary 2020: In-Hand Salary Slip, Salary Structure, Job Profile & Perks

IBPS Clerk Salary 2020:- Every year lakhs of aspirants are attracted to the Clerical Cadre post released by various banks due to the salary package offered with the job profile. The last date to apply online for IBPS Clerk 2020 is 23rd September, Apply as soon as possible for IBPS Clerk 2020. With the release of IBPS Clerk notification, its time for the eligible and interested candidates to begin with their preparation. This year a total of 2557 have been released which is much lower than the previous year and thus it becomes very important to work very hard. In this article, we have provided complete information about the salary package associated with the post of IBPS Clerical Cadre. Are you one who is searching for the IBPS Clerk Salary 2020? Then do read the complete article below with detailed information about IBPS Clerk Salary 2020, IBPS Clerk career Growth in this article before you begin with the application process.

Do check; IBPS Clerk 2020 Notification (Out): Online Application, Check IBPS Official Website Link

To help our students with the details, we at Adda247 have gathered some useful information regarding the IBPS Clerk Salary structure, Job Profile & IBPS Clerk career growth. You can also check the IBPS Clerk Exam Pattern and IBPS clerk Syllabus to make a start for your preparations. Keep on reading this article to know more about IBPS Clerk Salary 2020.

IBPS Clerk 2020 Vacancies

IBPS Clerk Syllabus 2020: Subject-Wise Prelims+Mains Syllabus & Exam Pattern

How To Prepare For IBPS Clerk Exam?

Which Is Better IBPS Clerk or RRB clerk?

IBPS Clerk Salary Structure 2020

According to IBPS Clerk official notification, The starting Basic Pay for IBPS Clerk is Rs 11,765. The IBPS Clerk pay scale is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.

IBPS Clerk in-hand salary is Rs.18000 to Rs.21000 during the training period, It is the starting salary of IBPS Clerk. After the training period, the perks and other benefits are added and which may vary from bank to bank. The Basic Salary Component of Bank Clerk may vary in the range of Rs 11,500 – Rs 13,000. (with a scope of promotion.)

Facilities/Salary	Amount
Basic Pay	13075
Special Allowance	1561
Travel allowance	425
Dearness Allowance	7073
CCA	NA
HRA	980
Total	23115
Gross Salary	23115

IBPS Clerk Allowances

IBPS Clerk is also liable to get other allowances besides salary which depends on the place of posting. These other allowances like TA, DA, HRA are added in the salary and the total amount is what a person under IBPS Clerk gets in hand.

Special Allowance	It is 7.5 percent of the basic pay, after completion of 1 year it may increase from 400 to 500 Rs.
Dearness Allowance	It is 60-70%(approx) percent of the basic pay which is revised quarterly
House rent allowance	It depends on the posting of the location. It is highest at 8.5%in the metropolitan cities.
Travel Allowance	These expenses are reimbursed by the banks(on official tours and travels only)
Medical Allowance	It is 2000/per year.

IBPS Clerk Salary: Pay Scale

Given below is the sum of Basic Pay and allowances makes up the total IBPS Clerk Salary. The first Basic Pay for IBPS Clerk is Rs 11,765 and IBPS Clerk Payscale is: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
This implies that the minimum Basic Pay for IBPS Clerk is Rs 11,765 while the maximum is Rs 31540.

Basic Pay	Amount
Initial Basic Pay	Rs 11,765, with a yearly increment of Rs 655 for three years
Basic Pay after 3 years	Rs 13730, with a yearly increment of Rs 815 for the next three years
Basic Pay after the next 3 years	Rs 16175, with a yearly increment of Rs 980 for the next four years
Basic Pay after the next 4 years	Rs 20095, with a yearly increment of Rs 1145 for the next 7 years
Basic Pay after the next 7 years	Rs 28110, with a yearly increment of Rs 2120 for next one year
Basic Pay after the next 1 year	Rs 30230, with a yearly increment of Rs 1310 for next one year
Basic Pay after next year	Rs 31540 (maximum Basic Pay)

IBPS Clerk Career Growth

Bank Clerk → Officer / Assistant Manager → Manager → Senior Manager → Chief Manager → Asst. General Manager → Deputy General Manager → General Manager.

A clerk plays a very important role in a bank. He being the face of the bank as he deals with the customer directly, manages all the cash. Apart from all the IBPS Clerk salary and benefits, he has an opportunity to learn a lot about banking functions.

IBPS Clerk Job Profile:

Verify the documents and statements submitted by the clerk in the bank.
To update the bank passbook on regular intervals.
A clerk is also responsible for the bank cash and various documents of the bank etc.
He sanctions the withdrawals by the customer.
He maintains the various statements like bank balance sheet, ledger, etc.
He provides information on various government schemes and resolves the issues of the customer.
Attending the treasury works, distribution of cash, the deposit of cash and other miscellaneous work.

The clerk is also known as single window operator. They help the customer in guiding them through various rules and formalities. They act as a point of contact for customers. A clerk plays a wide variety of roles. They act as a loan clerk, account clerk, data entry clerk, and office clerk, etc.

Haven’t you applied yet for IBPS Clerk 2020? Click On the Link Below

IBPS Clerk 2020 Apply Online: Online Application Starts From 2nd September

IBPS Clerk 2020 Promotion

IBPS Clerk provides ample ways to personal and professional growth. When a person works as a bank clerk he learns the different way bank functions and chances to prove your potential and merit. A clerk has to serve for a minimum period of 3 years before he can apply for the promotion. After then he gets a chance to grow himself.

IBPS Clerk promotion based on experience and seniority. They have to clear a written exam which is conducted internally. The clerk gets a chance to become a trainee officer and then a Probationary officer. He doesn’t need to apply from JAIIB and CAIIB.

If a candidate is applying through JAIIB and CAIIB then he must possess a diploma from Indian Institute of banking and finance.

Now, when you have an idea about the IBPS Clerk exam pattern, IBPS clerk Syllabus and IBPS Clerk job profile and growth, there is no need to wait to start your preparation. Start them right away.