IBPS Clerk Salary 2021: in-Hand Salary Structure, Job Profile, Promotion, Allowances

IBPS Clerk Salary 2021: in-Hand Salary Structure, Job Profile, Promotion, Allowances

ByAkash Mishra  |  Updated on: Jul 13, 2021IBPS Clerk 2021 Notification PDF released in the month of July 2021 officially by IBPS. IBPS has already revealed the IBPS Clerk exam date for prelims and mains along with the IBPS Calendar 2021-22. Stay tuned for latest updates of IBPS Clerk.
IBPS Clerk 2021 Notification PDF released in the month of July 2021 officially by IBPS. IBPS has already revealed the IBPS Clerk exam date for prelims and mains along with the IBPS Calendar 2021-22. Stay tuned for latest updates of IBPS Clerk.
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IBPS Clerk Salary 2021

IBPS CRP Clerks XI Salary 2021: IBPS has revealed the notification for the IBPS Clerk Recruitment 2021. This year a total of 5800+ vacancies are disclosed for the post of IBPS Clerk. The vacancies may increase/decrease in the near future as the remaining bank reports number of vacancies to the IBPS.

With the notification, the next things that come to the mind of the aspirant are what is the IBPS Clerk salary in hand? or what is the salary structure? They also want to know about the 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 article will surely help you to understand what exactly you can expect out of the IBPS Clerk job after getting selected and how much he is paid.

Here, we have shared the detailed per month salary, perks, allowances, promotion, job profiles, etc. we have also attached the IBPS clerk CRP XI salary slip for your reference. So if you are aiming IBPS Clerk 2021 exam and want to know about salary structure, job profile, promotion, etc. then read this page till the last.

IBPS Clerk In-hand Salary

  • The basic pay of an IBPS CRP Clerks XI is ₹ 19,900/- per month.
  • The pay scale of IBPS CRP Clerk XI 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 Structure 2021

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

  • 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 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: Salary 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

IBPS Clerk Job Profile 2021

There are different types of job profile of a bank clerk, like Accounts Clerk, Data entry Clerk, Office Clerk, Loan clerks, etc. you will shift lower to upper-level clerk post according to bank policies. The clerk is the first point of contact person 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 solves their complaints and issues.

The job description of a Bank 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 to Government Treasury Work
  • Pass Books Updation of Account Holders
  • A bank clerk also performs back-office works like a collection of receipts, maintenance of ledger, balance tally, etc.
  • The bank clerk is responsible for sanction withdrawals, verifying cheques, issuing demand drafts (as per request), and other services to the customers.
  • A bank clerk is also Holds the bank cash, bank keys, and other valuables in safe custody and others.
  • The bank clerk is also responsible for market 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 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 2021

After becoming a bank clerk, you will get multiple chances to get promoted to a higher level. Most of the 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 appeared for 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 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 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.

Important Links:

IBPS Clerk Notification 2021IBPS Clerk Apply Online 2021
IBPS Clerk Vacancy State WiseIBPS Clerk Salary
IBPS Clerk Syllabus 2021 PDFIBPS Clerk Exam Pattern
IBPS Clerk Cut OffIBPS Clerk Books
IBPS Clerk Mock TestIBPS Clerk Online Coaching

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Akash MishraAkash MishraMember since Jul 2019
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IBPS Clerk Salary FAQs

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  • The basic pay of the IBPS Clerk is ₹ 11765/- per month.

  • Apart from the salary, the IBPS Clerk is entitled to several allowances which are:

    • DA
    • HRA
    • Medical
    • Travel
    • Transport Allowances
  • The in-hand salary of the IBPS Clerk is ₹ 22404/- per month.

  • IBPS Clerk is a clerical level job and involves various responsibilities such as:

    • Data Entry
    • Document verification
    • Collection of receipts
    • Maintenance of ledger
    • Day to day transaction
    • Deposits, etc.
  • Yes, IBPS Clerk can become a manager based on the promotion.

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