IBPS Clerk Salary 2021:- Every year lakhs of aspirants apply for the post of IBPS Clerk as it is one of the coveted job profiles in the banking sector. This job profile is a dream for many aspirants because of its lucrative salary packages and perks. As per the academic calendar released by IBPS earlier this year, the IBPS Clerk 2021 is scheduled to be held on August 28, 29, and 4th September 2021. Candidates preparing for the IBPS Clerk 2021 might be curious to know the IBPS Clerk salary, so candidates can check the IBPS Clerk Salary, Perks and Allowances, career growth etc, mentioned in this article below.
Latest Updates: The Finance Ministry has put the IBPS Clerk 2021 online registration process for the recruitment of 5830 Vacancies. The commission will soon activate the online link after the issue of regional language is resolved. Candidates can check the full notification PDF from the link provided below.
IBPS Clerk Salary Structure 2021
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.)
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.
This implies that the minimum Basic Pay for IBPS Clerk is Rs 19900 while the maximum is Rs 32024.
|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.
IBPS Clerk 2021 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.
FAQs: IBPS Clerk Salary 2021
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. What are the Perks and allowance given to IBPS Clerk 2021?
Ans. There are lot of perks and allowances which are given to IBPS Clerk 2021 are: Medical facility, HRA, DA etc.
Q. How much medical allowance is provided to a Clerk?
Ans. It is 2000/per year.
Q. Can a Clerk become PO?
Ans. Different banks have different promotion criterian but majority of the banks gives great opportunities.