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. 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 1500+ have been released which is much lower than previous year and thus it becomes very important to work very hard. In this article, we have provide 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.
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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.
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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. 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.
|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.
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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.
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. What are the Perks and allowance given to IBPS Clerk 2020?
Ans. There are lot of perks and allowances which are given to IBPS Clerk 2020 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.