IBPS Clerk Salary – Salary of IBPS Clerk, Pay Scale & Career Growth

IBPS Clerk Salary
Banking

IBPS Clerk Salary – Salary of IBPS Clerk, Pay Scale & Career Growth

One of the important reasons for candidates opting for a career in the banking industry is the IBPS Clerk salary. India’s banking sector is expanding at a fast rate. One of the most sought-after positions by candidates is IBPS Clerk.
 
The basic salary of the IBPS Secretary in India is Rs 11,765 (DA, HRA, travel, etc.). In this article, we will discuss the salary of an IBPS Clerk and the pay structure, benefits, and career growth opportunities.
 
The Institute of Banking Personnel Selection administers the Clerical cadre exam. The salary offered to them is one primary reason for a candidate’s attraction to this position.
 
We’ll go into the details of the IBPS Clerk wage structure in India including basic pay, allowances, and other benefits. 
 

IBPS Clerk Salary in India

The IBPS Clerk salary in India gradually rises as a person continues to work and gets promoted during the course of his job.
 
According to the IBPS Clerk notification 2020, an IBPS Clerk’s pay scale is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540. 
 

Basic Pay Rs 11,765
Dearness Allowance Based on CPI
House Rent Allowance 6.5% to 8.5%
Medical Insurance Rs 2,000 annually
Travelling Allowance Reimbursement depending on bank policies

 

The IBPS clerk salary differs from city to city. The table depicts the detailed IBPS Clerk salary structure:
 

Where Population is More Than 45 lakhs Where Population is Less Than 45 lakhs
Basic Pay Rs 11,765 Rs 11,765
Dearness Allowance Rs 5,311 Rs 5,311
Travel Allowance Rs 425 Rs 425
Special Allowance Rs 911 Rs 911
House Rent Allowance Rs 1,176 Rs 1,058
Total IBPS Clerk Salary Rs 19,588 Rs 19,470

 

IBPS Clerk Promotion & Career Growth

After being recruited for the IBPS Clerk position, candidates may expect a fulfilling career development. It should be noted that, in terms of career advancement, the participating banks under IBPS provide their employees with numerous opportunities to grow and succeed in the banking industry.
 
The following are the career and promotion opportunities that follow the IBPS Clerk position:
 
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 each promotion, an employee’s IBPS Clerk pay increases, as do the perks they receive. Internal interviews and written examinations are required for employees to apply for promotions in this domain.
 

Frequently Asked Questions on IBPS Clerk Salary

 

What is the in-hand salary of the IBPS Clerk?

The in-hand salary of the IBPS Clerk ranges from Rs 19,000 to Rs 22,000 per month.
 

What is the pay scale of the IBPS Clerk at the time of joining?

According to the IBPS Clerk notification 2020, an IBPS Clerk’s pay scale is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540. 
 

What benefits are given along with the IBPS Clerk salary?

Here is the list of benefits that are given along with the IBPS Clerk salary. 
 

  • House Rent Allowance
  • Dearness Allowance
  • Medical Allowance
  • Travel Allowance
  • Special Allowance
  • Transport Allowance

 

How can an IBPS Clerk get a promotion?

Banks conduct internal examination and interviews for promotion. Employees can apply for those exams and get promoted. 
 
We, at Direction, wish you all the best for your upcoming IBPS exam. Also, if you need guidance for preparation, contact us here

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