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

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

ByAkash Mishra  |  Updated on: Aug 23, 2022
Get the complete details of the IBPS Clerk salary and rightly analyze the job profile. Check out the complete details of the IBPS Clerk in hand salary, job profile, perks, salary slip and all the pertinent.
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The lucrative IBPS Clerk salary and the highly prestigious work profile fascinate a multitude of aspirants towards themselves. Other than salary, the clerks are also entitled to numerous perks, allowances, and other benefits as directed by the officials of the Institute of Banking Personnel Selection. The candidates must be in possession of the complete details pertaining to the IBPS Clerk salary to be able to rightly acknowledge the work profile. 

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 cognizance 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 exam. The Institute of Banking Personnel Selection 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. 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 salary and job profile to keep yourself motivated throughout your preparation. This post will surely help you to understand what exactly you can expect out of the job after getting selected and how much they are paid. The candidates will be able to rightly analyze the IBPS Clerk salary 2022 and have realistic expectations.

Here, we have shared the detailed basic pay of IBPS Clerk, perks, allowances, promotions, 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 various components, there are other factors that add up to your IBPS Clerk in-hand salary apart from your basic pay. The Institute of Banking Personnel Selection 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. The candidates can get a maximum basic pay and IBPS Clerk salary 2022, HRA, DA, CCA, and all the other associated parameters.

IBPS Clerk Salary 2022

Facilities Provided

Salary For IBPS Clerk

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. The IBPS Clerk in hand salary is what you receive every month after all the deductions. The IBPS Clerk salary in hand is the amount provided to the Clerks after the gross deductions and additions for expenditure. This amount may differ from the place of posting of the employee. As employees posted in the cities like Mumbai, Delhi, and Kolkata gets comparatively a bit more amount. Take a look at the under-noted points to get the IBPS Clerk in hand salary details as illustrated herewith. 

  • 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 Salary- Allowances And Perks

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, and a handsome salary structure, the perks and allowances add up to the fascination of the job.

Along with the IBPS Clerk salary 2022 the candidates are entitled to numerous allowances and emoluments that add up to the fascination of the job. The list of the perks and allowances has been mentioned herewith. Be completely enriched with the illustrated pertinents of the IBPS Clerk salary to gain insights into the work profile. Take a look at the allowances received by the candidates to have complete knowledge of the IBPS Clerk salary 2022 and the other pertinents.

IBPS Clerk Salary-Allowances
Dearness Allowance₹ 5112
House Rent Allowance₹2133 [Varies according to the place of posting of the candidates]
Special Allowance₹ 4102
City Compensatory Allowance0
Travel Allowance₹ 754

You must have an in-depth knowledge of the IBPS Clerk salary in hand to be able to have realistic expectations and trace the path of your career accurately. The complete knowledge will keep you motivated in accomplishing your dreams.

  • 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 Increment

The Institute of Banking Personnel Selection offers incentives on the IBPS Clerk salary at regular intervals. You must have an in-depth knowledge of the salary structure and the details pertaining to it in order to gain insights into the recruitment process. The incentives provided to the candidates at regular intervals increase the amount of salary received by the Clerks of the IBPS.  The details of the IBPS Clerk salary increments are provided here, walk through the table as illustrated herein.

IBPS Clerk Salary and Increments
IBPS Clerk Initial Basic Pay₹19,900 with a yearly increment of ₹1000
IBPS Clerk Basic Pay After 3 Years₹20,900 with a yearly increment of ₹1230 for the next three years
Basic Pay After the next 3 years₹24,590 with a yearly increment of ₹1490 for next three years
Basic Pay After the next 4 years₹30,550 with a yearly increment of ₹1730 for the next 7 years
Basic Pay After the next 7 years₹42,600 with a yearly increment of ₹3270 for the next year
Basic Pay after the next 1 year₹45,930 with a yearly increment of ₹1990 for the next year
Basic Pay After next 1 year₹47920

 

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 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

It is of prime importance for the candidates to have an in-depth knowledge of the job profile along with the IBPS Clerk salary 2022, you can get the complete details of the exam as illustrated herewith. The apt knowledge of the job profile will assist the candidates in drawing up an estimation of whether they are an impeccable fit for the job profile or not. Accurate knowledge of the IBPS Clerk job profile will assist the candidates in honing their skills.

There are different types of job profiles for 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 an 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 from 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 the 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 the 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 customers, their job profile is also known as Single Window Operators.

IBPS Clerk Career Growth & Promotion

The Institute of Banking Personnel Selection presents enormous opportunities for candidates for their career growth. Along with a lucrative IBPS Clerk salary, they also receive chances and opportunities to step up to higher posts and soar with success. You can track your career path by moving ahead in the selection process.

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 for 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 Institute of Banking Personnel Selection offers a lucrative IBPS Clerk salary, along with it the Clerks are also entitled to numerous allowances. 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 candidates must be conversant with the complete details of the IBPS Clerk salary to analyze the work profile and have realistic expectations. 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 IBPS Clerk 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 candidates must have an in-depth knowledge of the IBPS Clerk job profile to analyze the upcoming roles and responsibilities. You will be able to strengthen your skills accordingly. 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 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.
  • Along 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.

  • The IBPS Clerk salary slip will provide the candidates with the complete details of the salary structure. It has a sum total of the additions and deductions in the salary, henceforth depicting a clear picture. The candidates must be in possession of complete knowledge of the IBPS Clerk salary to be able to analyze the work profile.

  • The Clerks in the Institute of Banking Personnel Selection are entitled to numerous allowances and perks. This adds up to the fascination of their job profile. They receive Dearness Allowance, House Rent Allowance, special allowance and numerous other allowances.

  • The candidates must be in possession of in-depth knowledge of the IBPS Clerk salary to be able to rightly examine the work profile and career growth. The candidates will be receiving a basic pay of ₹ 19,900/- per month. After the 10th bipartite wage settlement, the salary of the bank clerk has increased from ₹ 21,117 to ₹ 31,908. They are also entitled to numerous allowances.

  • The candidates must have complete knowledge of the IBPS Clerk salary to be wholly cognizant of all the parameters. Along with a lucrative salary they are also entitled to numerous allowances that add up to the IBPS Clerk salary in hand and hence it witnesses a surge. The Dearness Allowance provided to the Clerks is ₹ 5112

  • The Clerks receive a handsome IBPS Clerk salary 2022 along with numerous allowances, that add up to the attraction of the candidates. The House Rent Allowance provided to the candidates varies in accordance with the place of posting of the candidates. It varies from 6.5 to 8.5 on the basis of the cities. The HRA provided to the Clerks is ₹ 2139.

  • The candidates must be in possession of the complete knowledge of the IBPS Clerk salary to be able to get ahead in the selection process. The IBPS Clerk salary at the time of joining will be  19,900/- per month. The Clerks can get promoted to higher levels based on their diligence and in turn their salaries will be increased. The increments and incentives will also add to the salary structure. Apart from the basic pay they are also entitled to numerous allowances and perks that add up to the fascination of their job profile.

  • The IBPS Clerk are entitled to receive increments on their salary structure at regular intervals. For the initial year the IBPS Clerk receives 19,900 as the basic pay and 1000 for three years. They receive the basic pay of 20,900 with an increment of 1230 for the next three years. The further increments follow the same trend.

  • The highly lucrative salary structure of the IBPS Clerk fascinates them towards the job profile. The initial IBPS Clerk basic pay is ₹19,900 with a yearly increment of  ₹1000. With frequent salary increments the IBPS Clerk salary structure witnesses a surge in the subsequent years.

  • The IBPS Clerk are entitled to increments in their salary structure at frequent intervals. The salary witnesses a surge in the subsequent three years, the initial basic pay is ₹19,900. The IBPS Clerk salary after 3 years is ₹20,900 with an increment of  ₹1230 for the next three years.

  • The IBPS Clerk salary after 10 years is ₹30,550. They will also receive an increase of  ₹1730 every year for the next 7 years. The handsome salary package of the IBPS Clerk along with numerous allowances and perks adds up to the attraction of the candidates.

  • The candidates must be well aware of the job profile before starting their preparations for the job. The IBPS Clerk receive an attractive salary structure. The basic pay of the IBPS Clerk is  ₹ 19,900/- per month. Along with the in-hand salary, they are also entitled to numerous allowances and perks. They receive increments in the salary structure at regular intervals which leads to an increased amount. Eligible and competent candidates can get promoted to the higher levels of the organization in order to handle higher roles and responsibilities. 

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