BPS Clerk Salary
Are you searching for IBPS Clerk Salary in Hand 2024? This is the page where you are getting complete details about IBPS Clerk Pay scale, 7th CPC, promotion, increment, perks & benefits.
Clerk is an entry level job in bank. What is the salary of bank clerk in IBPS? If you are newly recruited, then started IBPS Clerk Salary in Hand is Rs 29452/-. Besides this, Pay Scale (7th CPC) also includes incentives, allowances & others. One must be aware about Promotion & Increment in pay.
What Is Exact Salary Of IBPS Clerk As Per (7th CPC)?
The gross Salary of the clerk is Rs 23115 including Basic pay, special allowances, Dearness allowances, City Compensatory Allowance, Transport Allowance & House Rent Allowance. Thus, one employed as a clerk enjoys various benefits & incentives. The team of www.recruitmentinboxx.com has had a discussion on IBPS Clerk Salary in Hand 2024 including IBPS Clerk Annual Increment & others.
IBPS Clerk Salary
Clerk Salary Structure 2024:
| Salary Structure 2024 | |
| Basic Pay in India | Rs. 19,900/- |
| Dearness Allowance | Rs. 5,209/- |
| House Rent Allowance | Rs. 2,039/- |
| Traveling Allowance | Rs. 757/- |
| Special Allowance | Rs. 4,118/- |
| CCA | Rs. 0/- |
| Gross Pay | Rs. 32,023/- |
| Deduction (Union Fee, NPS Fund) | Rs. 2,571/- |
| Salary In-hand | Rs. 29,452/- |
Clerk Salary and Increments 2024:
Initial Basic Pay: INR 19,900 with a yearly increment of Rs 655 for three years
Basic Pay after 3 years: Rs 20900 and yearly increment of Rs 1230 for the next three years
Basic Pay after the next 3 years: INR 24,590 and yearly increment of Rs 1490 for the next four years
Basic Pay after the next 4 years: INR 30,550 and yearly increment of Rs 1730 for the next 7 years
Basic Pay after the next 7 years: INR 42,600 and yearly increment of Rs 3270 for the next one year
Basic Pay after the next 1 year: INR 45,930 and yearly increment of Rs 1990 for the next year
Basic Pay after next year: INR 47,920 (maximum Basic Pay)
You can apply for the job from here: IBPS Clerk Recruitment
Clerk Salary In Hand 2024:
The basic pay of an IBPS Clerk is Rs. 11765/- per month, in the scale of 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. Besides this, bank clerks are also entitled to other special pay and allowances.
IBPS Clerk Promotion 2024:
After being appointed as a clerk, one has various growth opportunities. After gaining experience in your field, you will have plenty of options to flourish.
Scope of Promotion After IBPS Clerk 2024:
Every year approximately 60,000 -70000 clerks are recruited in banks. Within a year, one gets promoted to a higher level. The journey of promotion from a clerk to an officer is easier for those having adequate knowledge & skills.
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
Check Out in Detail: IBPS Clerk Eligibility Criteria
Salary After 11th Bipartite Settlement
An increment of 20% to 30% in Salary of Clerk and at most we get 25% increment and its full-fledged details regarding Salary 2024 are as shown below:
#1. If Indian Banks’ Association (IBA) agrees for 20% increment:
Recruited candidates will get Rs.15, 374 /- as a IBPS Clerk Starting Salary and you can get additional benefits such as 38.80% of DA & HRA on basic salary. So, total Clerk Gross Salary given to Bank fresher Clerk will be Rs.21, 339/- per month.
#2. If the Indian Banks’ Association (IBA) agrees for 25% increment:
Aspirants who have enroll for bank clerk jobs will attain Rs.16,015/- per month as basic salary so total Salary of Bank fresher Clerk will be Rs.22,228/- (RRB Clerk Salary)
#3. If IBA agrees for 30% increment:
Final IBPS Bank Clerk Salary of Rs.16, 655 /- will be given to selected candidates. So, total Gross Salary of Bank Clerk will be Rs. 23,117/- (Good Settlement).
IBPS Clerk Pay Scale After Revision 2024
After revision of 11th Bipartite Wage Settlement, aspirants who, will be selected for IBPS Clerk Vacancy will get Rs. 19,461/- to IBPS Clerk Revised Salary Rs. 21,990/- per month in hand. According to the Govt. setting up the stage for 11th wage revision, Indian Banks’ Association and Employee union associations will provide Salary Package according to new process.
IBPS Clerk Salary After 7th Pay Commission
Good news for all Central Government employees as the government bank sector is one of the demanding and growing sectors.
Through the newest 7th Pay Commission candidates will get an excellent IBPS Clerk Salary Package. Salary After 7th Pay will be implemented by Government representative payment and financiers which will be more attractive and impressive.
Do You Know The 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 |
Get Here Complete Schedule: IBPS Exam Calendar
IBPS Clerk Salary Structure
Every year approximately 60,000 -70000 clerks appoint in PSBs. Some of the banks encourage you on a higher level officer job within a year. Thus those who join as clerks may be promoted as officers, as per banks norms.
For bright candidates, in some banks, this promotion from a clerk to an officer is possible in a period as short as one year and applicants will get the increased Salary of IBPS Clerk 2024.
IBPS Clerk Salary and Allowances
| Dearness Allowance (DA) | In IBPS, DA is revised quarterly and is based on CPI as declared by the banks i.e. DA can go up with higher CPI and vice versa. |
| House Rent Allowance (HRA) | This varies according to Clerk’s place of posting. And it can be 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations. |
| Medical Allowance | This allowance is paid annually. And for a clerk, it is fixed at Rs 2000. |
| Transport Allowance (TA) | It is also an additional amount on IBPS Clerk take home salary. |
| IBPS Clerk Salary in Hand | Rs 19,461 |
IBPS Clerk Career Growth
If you are working as IBPS Clerks, you have a bright future. According to the experience, you will get so many benefits in terms of IBPS Clerk Exam Salary as well as designations increment. Today banking sector is growing tremendously because of this bank employees are getting so many benefits and perks apart from IBPS Clerk Basic Salary. Through your hard work and skills, clerks can get a promotion for the post of officer. There are also different scales under Officer Cadre. Promotions are above given to employees on different scales as per their experience and skills.
Responsibilities of IBPS Clerk 2024
- Highly responsible for handling deposits and cash withdrawals
- Manage charge of the drafts, receipt of cheques and pay orders etc
- Marketing financial products of the Bank such as loans, mutual funds etc
- Maintain daily record of balance and ledger
- Ensure payment clearances, Issuing chequebooks etc.
Final Words:
Here the team of www.recruitmentinboxx.com has provided the complete details regarding IBPS Clerk salary In Hand 2024. To attain other vital and significant details regarding IBPS Clerk Salary Package, IBPS Clerk Salary Slip, you must keep visiting our official web portal. You can subscribe our free mail section to get the latest updates. Candidates may also bookmark our web portal by using Ctrl + D shortcut key for acquiring more details about the Salary structure of IBPS Clerk.
You May Also Like To Check This Section
| IBPS Clerk Syllabus | IBPS Clerk Previous Year Question Paper |
| IBPS Clerk Admit Card | IBPS Clerk Result |