IBPS Clerk Salary 2022: In Hand Salary, Salary Slip, Pay Scale, Perks

IBPS Clerk Salary 2022: In Hand Salary, Salary Slip, Pay Scale, Perks

ByAkash Mishra  |  Updated on: May 5, 2022Applicants who are aiming for IBPS Clerk must be eager to know the IBPS Salary slip. Below, we have discussed IBPS Clerk basic pay, salary structure, allowances and Perks, IBPS Clerk work profile, etc.
Applicants who are aiming for IBPS Clerk must be eager to know the IBPS Salary slip. Below, we have discussed IBPS Clerk basic pay, salary structure, allowances and Perks, IBPS Clerk work profile, etc.
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The lucrative IBPS Clerk salary and the highly prestigious work profile fascinate a multitude of aspirants towards itself. Other than salary, the clerks are also entitled to numerous IBPS Clerk perks, allowances, and other benefits as directed by the officials of IBPS.

The IBPS Clerk job profile holds an immense reputation. The accurate knowledge about the IBPS Clerk salary will not only cater to the doubts but also fuel the passion among candidates to prepare for the exam. It is essential for the candidates to be acquainted with the IBPS Clerk job profile to realize whether they are an impeccable fit for the job or not. Fetch the complete apprehension of the IBPS Clerk in hand salary, job profile, pay scale perks, and allowances. 

IBPS Clerk Salary 2022

Bank Clerk salary is more or less the same in most of the PSB Banks that recruit through the IBPS Clerk exam. IBPS offers attractive salary pay to its employees based on the place of posting. Apart from the salary of IBPS Clerk, employees also get other perks and benefits. With the notification, the next things that come to the mind of the aspirant are what is the in hand IBPS Clerk salary? or what is the salary structure? They also want to know about the basic pay of  IBPS Clerk, job profile, and IBPS Clerk promotion growth.

Before starting your preparation it is important to know the relevant details about the IBPS Clerk job profile and salary to keep yourself motivated throughout your preparation. This post will surely help you to understand what exactly you can expect out of the IBPS Clerk job after getting selected and how much they are paid.

Here, we have shared the detailed basic pay of IBPS Clerk, perks, allowances, promotion, job profiles, etc. we have also attached the IBPS clerk salary slip for your reference. So if you are aiming for the IBPS Clerk 2022 exam and want to know about salary structure, job profile, promotion, etc. then read this post till the end.

IBPS Clerk Salary Structure

IBPS Clerk salary comprises of various components, there are other factors that add up to your in-hand salary apart from your basic pay. IBPS offers an attractive salary package to its employees. There are numerous other components of the salary package, like dearness allowance, house rent allowance, etc. Get here the details of the basic pay. Maximum basic pay and IBPS Clerk salary of 2022.  

Facilities Provided

Salary

Basic Pay

₹ 19900

Special Allowance

₹ 4102

DA

₹ 5112

CCA

₹ 0

TA

₹ 754

Total (without HRA)

₹ 31908

HRA

2139

Gross Salary

₹ 29156

* DA - Dearness allowances

* CCA - City Compensatory Allowance

* TA - Transport Allowance

* HRA - House Rent Allowance

IBPS Clerk In Hand Salary 

There is a difference between CTC and in-hand salary. In hand salary of IBPS Clerk is what you receive every month after all the deductions. This amount may differ from the place of posting of the employee. As employees posted in the cities like Mumbai, Delhi, Kolkata get comparatively a bit more amount. 

  • The basic pay of an IBPS clerk is ₹ 19,900/- per month.
  • The pay scale of IBPS Clerk is ₹11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540.
  • In addition to this, IBPS Clerks are also entitled to other special pay and allowances

IBPS Clerk Perks and Allowances

Numerous perks and allowances add up to the IBPS Clerk in-hand salary, they cumulatively add on the amount. Along with a highly reputable job profile, a handsome salary structure, the perks and allowances add up to the fascination of the job. The list of the IBPS Clerk perks and allowances has been mentioned herewith.

  • Dearness allowances: DA is 4% of basic pay and revised quarterly for every 3 months which is based on CPI (Consumer Price Index) declared by the banks.
  • House Rent Allowance: HRA is 7-9% of basic pay. HRA is different in different cities.

Cities

HRA %

Metro cities

8.5

Cities with a population more than 5 lakhs

7.5

Other cities

6.5

  • Special Allowance: 7.5%
  • After completion of the one-year service, you will receive an increment of 400/- and ₹ 500 increments in the 2nd year.
  • After the 10th Bipartite Wage Settlement of 2015, a Bank Clerk’s salary has increased from now salary ₹ 21,117 to ₹ 31,908.

Note: Salaries in Public Sector banks are revised as per the banking norms only. It is to be noted that the promotion of an individual is judged by the performance of an individual.

IBPS Clerk Salary Slip

As we have earlier mentioned the proper breakdown of an IBPS clerk salary with all deductions and after adding the allowances. Here we are providing an IBPS Clerk salary slip for a better insight. This will motivate you to gear up your preparations as it is a great prospect for your career. We have given below the IBPS Clerk salary slip for your knowledge.byjusexamprep

IBPS Clerk Job Profile 2022

There are different types of the job profile of a bank clerk, like Accounts Clerk, Data entry Clerk, Office Clerk, Loan clerk, etc. you will shift from lower to upper-level clerk posts according to bank policies. The IBPS clerk is the first point of contact for inquiries & guidance.

In every bank, a Clerk is an important post. An important role of the clerk in the bank is to handle many valuable works related to the customer’s accounts and solve their complaints and issues.

The job profile of IBPS Clerk is not limited to a single type of duty like in accounting. As a Bank Clerk, your major roles and responsibilities will be the following.

  • Banking Document Verification
  • Manning Single Window Counter task time to time
  • Issue Cash Receipts and ESI Stamps at Counters
  • Attending Government Treasury Work
  • Pass Books Updation of Account Holders
  • An IBPS clerk also performs back-office work like a collection of receipts, maintenance of ledger, balance tally, etc.
  • The IBPS clerk is responsible for sanctioning withdrawals, verifying cheques, issuing demand drafts (as per request), and other services to the customers.
  • An IBPS clerk also holds the bank cash, bank keys, and other valuables in safe custody and others.
  • The bank clerk is also responsible for marketing financial products of the bank such as deposits, loans, and schemes to visitors.
  • However, with the digitization of the bank, these days the job profile of a bank clerk is mostly related to working on the computer and entering the day-to-day transaction.
  • Because of the dealing of a bank clerk with the customers, their job profile is also known as Single Window Operators.

IBPS Clerk Career Growth & Promotion

After becoming an IBPS clerk, you will get multiple chances to get promoted to a higher level. Most bank aspirants want to become officers. All the candidates who wish to get a promotion from clerk to Officer need to apply for the promotion test and appear for the examination as well and also undergo their service for at least a period of 2 years in order to be eligible for promotion to Officer.

The promotions are conducted every 2 years and clerks have the opportunity to take part in it and are eligible for promotion to Officer. There are two processes for clerical to Officer Promotion:

  1. Normal process
  2. Merit basis process

These two processes are applied to individual candidates depending on their performance and experience in banking services.

(1) Under the Normal process, the employee (bank clerk) has to qualify a written exam and on the basis of his experience and seniority in the services of the bank, he can be selected as Officer. In this process no JAIIB and CAIIB diplomas are compulsory. After clearing this exam, you will become a Trainee Officer (TO). Trainee Officers can later become Probationary Officers (PO).

(2) Merit basis process: Two-year service (minimum) as a clerk with a JAIIB and CAIIB diploma conducted by the Indian Institute of Banking and Finance (IIBF) is a must with a graduate/post-graduate degree.

After becoming Probationary Officers (PO) there are seven scales in officer cadre:

  • Scale 1 – Officer / Assistant Manager
  • Scale 2 – Manager
  • Scale 3 – Senior Manager
  • Scale 4 – Chief Manager
  • Scale 5 – Asst. General Manager
  • Scale 6 – Deputy General Manager
  • Scale 7 – General Manager.

IBPS Clerk Salary FAQs

  • The candidates can calculate the IBPS Clerk salary by using this formula Basic Salary House Rent Allowance Dearness Allowance+ City Compensation- Provident Fund and Pension Contributions. The IBPS Clerk salary is in accordance with the 7th pay commission. The basic IBPS Clerk salary is INR 29,156/- per month.

  • The IBPS Clerk Salary is defined by the officials of the Institute of Banking Personnel Selection. Selected candidates will receive a basic pay of INR 29,156/- on the scale of ₹ 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540. Other than the salary, IBPS Clerk are also entitled to receive various perks & benefits such as DA, HRA, TA, Insurance, etc.

  • The  Institute of Banking Personnel Selection provides a lucrative salary structure to its employees. They are paid in accordance with the 7th pay commission. They receive 3-4 lakhs annually, along with it they are also entitled to various allowances and perks. The IBPS Clerk salary also depends on the location they are currently working and residing.

  • The main duties and responsibilities of the Clerk of the Institute of Banking Personnel Selection are coordinating and interacting with various bankers and exporters for various deals. The applicants who will get selected will work as IBPS Clerks. They will also have to manage and complete the tasks assigned by the Senior Managers. They need to manage the transactions related to the banks.

  • The Institute of Banking Personnel Selection presents a plethora of Growth Opportunities for its employees. Along with the IBPS Clerk salary and the reputable job profile, the candidates also can get promoted to higher levels if they are eligible and cognizant. The hierarchy of the promotion is mentioned below. After becoming Probationary Officers (PO) there are seven scales in the officer cadre:

    • Scale 1 – Officer / Assistant Manager
    • Scale 2 – Manager
    • Scale 3 – Senior Manager
    • Scale 4 – Chief Manager
    • Scale 5 – Asst. General Manager
    • Scale 6 – Deputy General Manager
    • Scale 7 – General Manager.
  • With the lucrative IBPS Clerk salary structure and the reputed job profile, they are also entitled to numerous perks, allowances, and reimbursements. The allowances and perks are DA, HRA, CCA, Transport Allowance, Furniture Allowance, Leave Travel Concession, etc. The reimbursements are as mentioned, Newspaper Reimbursement, Entertainment, Househelp reimbursement, meal coupons, etc. But please note that allowances and reimbursements may vary from city to city and are completely based on promotions.

PO, Clerk, SO, Insurance

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