IBPS Clerk Salary 2020, Job Profile & Growth

Know about the salary and perks of IBPS Clerk 2020.

Institute of Banking Personnel and selcetion is known for conducting various exams and one such exam conducted by it is IBPS Clerk. It has already released this year calendar for IBPS Clerk and the exam is schedule IBPS to be conducted on 12, 13 & 19 December 2020. Every year it released thousands of vacancies every year for which lakhs of students apply. One of the reason that so many students got attracted toward is the salary and perk related to this job. You must be wondering about the salary status, job profile and career growth under IBPS Clerk. It is important to know IBPS Clerk salary and growth profile before you proceed with the application.

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To help our students with the details, we at Adda247 have gathered some useful information regarding the IBPS Clerk 2020 Salary, Job Profile & 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.

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IBPS Clerk Salary 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.

Clerk Salary in bank is monthly salary of Rs.18000 to Rs.21000 in hand during the training period. 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 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.

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.

 

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.

IBPS Clerk loans and Responsibilities:
 
  • 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.
 
IBPS Clerk 2020: Notification, Exam Dates, Eligibility Criteria, Selection Process

 

IBPS Clerk 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.

 

A clerk can get 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 thorugh 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.

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Frequently Asked Questions

Q. What is the basic salary of IBPS Clerk?

Ans. The basic salary of IBPS Clerk is 13075. It also depends on the bank & Place of posting.

Q. What is the gross salary of IBPS Clerk?

Ans. The gross salary is  Rs. 23115.

Q. Can a Clerk become PO?

Ans. Different banks have different promotion criterian but majority of the banks gives great opportunities.