IBPS Clerk Salary 2024:
IBPS i.e. Institute of Banking Personnel Selection, which conducts national level examination for clerks every year across the country, the notification of which has been released recently and its preliminary examination will be held in August 2024. The candidates selected from this exam have to work as assistants of PO in the bank and later i.e. in two years they get promoted and become PO. Today through this article we will share with you complete information about the job profile of IBPS Clerk including their salary, allowances, promotion process, means through which they can get quick promotion and other additional information.
Through IBPS Clerk exam you have to become a clerk or office assistant in a bank registered under IBPS, which conducts examination for thousands of candidates every year. Today in this article we will know in detail about the salary of IBPS Clerk and all the facilities and promotions available in it. The basic salary for IBPS Clerk is Rs 19,900. If we talk about the in-hand salary of IBPS Clerk 2024, then in this you get additional benefits like medical allowance, house rent benefit and dearness benefit.
IBPS Clerk Salary 2024 : Job Profile
IBPS Clerk, or Office Assistant, is a responsible position in the Indian banking sector. IBPS Clerk job is good for career, offers a good salary and good career progression as well. Some of the major responsibilities of IBPS Clerk are as follows:
- The job of IBPS Clerk is to update the passbooks of the account holders at the counter
- Printing and entering receipts for cheques and demand drafts and maintaining records
- Another important responsibility of IBPS Clerk is to keep the keys of the bank, vault keys with them.
- They are often placed at the query window to act as an information counter for customers.
- Another important job of IBPS is to maintain the deposit and withdrawal cash.
- If a customer submits any document in the bank then it is his responsibility to verify it.
- The IBPS Clerk is responsible for the bank cash, various important documents, keys etc.
- If a customer wants to withdraw any amount, then the IBPS clerk approves the withdrawal.
- Maintaining all the important documents of the bank, balance sheet etc. is done by the IBPS clerk.
- If a customer needs to fill the form or resolves various issues, the IBPS clerk also does it.
- Issuing demand drafts (DD), bank accounts, cash receipts, check books etc. for the bank customers is the job of the ibps clerk.
- Providing information about all the latest schemes and government policies run by the government is the job of the IBPS clerk.
- Resolving customer queries
IBPS Clerk Salary Structure 2024
Talking about the salary of IBPS Clerk, they get a basic salary of Rs 19,900. In the table below, we have included the basic salary and allowances that are added to the IBPS Clerk salary. Some of the allowances include House Rent Allowance (HRA), DA, SPL Allowance and other allowances that together contribute significantly to the salary package. The salary of IBPS Clerk is around Rs 34,557, but after deductions, the salary that the candidate receives ranges from Rs 34,237 to Rs 40,000. Here is the detailed IBPS Clerk salary structure for 2024:
| Terms | Amount |
|---|---|
| Basic Pay | 19,900 Rupees |
| SPL Allowance | 4,018 Rupees |
| DA | 5,209 Rupees |
| HRA | 2,039 Rupees |
| CA | 757 |
| Gross Pay | 32,000 Rupees |
| In Hand Salary | 32,000 Rupees |
IBPS Clerk Salary Slip 2024 :
The IBPS RRB PO 2024 salary slip contains the details of all the benefits and deductions available to the candidates such as income, deductions, gross salary and net salary. Here, we have tried to provide you with the salary slip of a probationary officer working in IBPS RRB PO so that you can know everything easily:
| Terms | Amount | Deduction | Amount |
|---|---|---|---|
| Basic Pay | 19,258.00 | Death Relief Fund | 120.00 |
| Special Allowance Basic | 3158.00 | Professional Tax | 200.00 |
| Special Allowance DA | 1317.00 | ||
| Transport Allowance | 580.00 | ||
| Transport Allowance DA | 234.00 | ||
| Dearness Allowance DA | 8034.00 | ||
| House Rent Allowance | 1973.00 | ||
| Gross Amount | 34557 | Total Deduction | 320.00 |
IBPS Clerk Perks & Benefits:
As an IBPS RRB PO, you get other facilities and various allowances and benefits along with the salary package. Which is explained in detail:
House Rent Allowance (HRA): HRA is a type of allowance which is different for everyone and it depends on the location of their posting. The HRA is where the Clerk is posted. If the Clerk is posted in metropolitan cities, then HRA will be 8.5 % and 7.5% for cities with a Population of More than 5 Lakhs , and 6.5 % for other cities.
Dearness Allowance (DA): DA is also a type of allowance which is about 41 % of the basic salary. Which is changed every three months keeping in view the inflation.
Special Allowance (SA): This facility was started in 2016, which is about 6.6 % of the basic salary.
Travel Allowance: The bank pays its employees the fare of 5 to 10 liters of petrol every month, which is approximately equal to Rs 600.
Medical Allowance : Medical Allowance is paid once a year for IBPS Clerks, Amount is fixed at Rs 2000/- annually.
IBPS Clerk Career Growth :
Promotion in IBPS Clerk happens every Three years. If you want to get promotion early then there are internal exams for this which you can qualify and get promotion. The promotion hierarchy for IBPS Clerk is given below:
- IBPS Clerk
- PO
- Assistant Manager
- Deputy Manager
- Branch Manager
- Senior Branch Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
IBPS Clerk Salary Pay Scale 2024:
The basic salary in the IBPS Clerk staging is Rs 19,900. The basic salary in the IBPS Clerk pay scale is Rs 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. If we talk about the minimum basic salary of IBPS Clerk, it is Rs 19,900 while the maximum is Rs 47,920. If you want to know the IBPS Clerk salary structure in detail, then see the table given below-
| Basic Pay | Amount |
|---|---|
| Initial Basic Pay | Rs 19,900 with a yearly increment of Rs 1000 |
| Basic Pay after 3 years | Rs 20,900 with a yearly increment of Rs 1230 for the next three years. |
| Basic Pay after the next 3 years | Rs 24,590 with a yearly increment of Rs 1490 for the next four years. |
| Basic Pay after the next 4 years | Rs 30,550 with a yearly increment of Rs 1730 for the next 7 years. |
| Basic Pay after the next 7 years | Rs 42,600 with a yearly increment of Rs 3270 for the next year. |
| Basic Pay after the next 1 year | Rs 45,930 with a yearly increment of Rs 1990 for the next year. |
| Basic Pay after next year | Rs 47,920 (Maximum Basic Pay). |
Important Link
| Apply Online | Click Here |
| Download Notification | Click Here |
| Download Syllabus | Click Here |
| Official Website | Click Here |
IBPS Clerk Salary 2024 FAQs
Q1. What is the basic IBPS Clerk salary 2024?
Ans. If you join the bank as an IBPS Clerk, your starting salary is Rs 19,900/-, and your maximum basic salary will be Rs 47,920. Also, check the page above for detailed information about IBPS Clerk Salary 2024, Salary Structure, Perks and Allowances.
Q2. What is the net IBPS Clerk Salary?
Ans. The salary of an IBPS Clerk can range from around Rs 28,000 to Rs 32,200 per month depending on your posting location. Also, check the page above for detailed information about IBPS Clerk Salary 2024, Salary Structure, Perks and Allowances.
Q3. What benefits and allowances are included in the IBPS Clerk’s Salary?
Ans.The IBPS Clerk salary includes medical facility which is given every year and allowances like HRA, DA and others.
Q4. What is the Job Profile of an IBPS Clerk?
Ans. The job profile of IBPS Clerk is explained in detail in this article. Also, check the above page for complete details about IBPS Clerk Salary 2024, Salary Structure, Perks and Allowances.
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