An IBPS clerk's net in-hand salary is roughly Rs. 39000 per month. The base salary as well as benefits and allowances are included in the IBPS Clerk Salary 2024.
Shubhra Goswamy | Jul 16, 2024 |
IBPS Clerk Salary 2024; Check Pay Scale, Job Profile and Career Growth Here
IBPS Clerk Salary 2024: The Institute of Banking Personnel Selection (IBPS) provides a competitive wage package for Clerical Cadre positions in several public sector banks. Thousands of individuals apply for the IBPS Clerk exam each year in large part due to the lucrative compensation, benefits, incentives, and perks offered. As an IBPS Clerk advances to a higher level, their pay gradually rises.
An IBPS clerk’s starting pay is Rs.19900 per month. Rs. 19900–1000/1–20900–1230/3-24590–1490/4–30550–1730/7–42600–3270/1-45930–1990/1-47920 is the pay scale’s structure. This indicates that the pay rises over time at a predetermined rate.
The Overview for IBPS Clerk Salary 2024 is mentioned below:
|
Parameter |
Details |
|
Organisation |
Institute of Banking Personnel Selection |
| Exam Name |
IBPS Clerk Exam 2024 |
|
Post |
Clerk |
|
Participating Banks |
11 |
| Vacancy |
To be notified |
|
Basic Pay |
Rs 19900 |
| Allowances |
Dearness Allowance, House Rent Allowance, Special Allowance, Transport Allowance |
|
Language of Exam |
English & Hindi |
| Official Website |
ibps.in |
IBPS Clerks start off with a basic pay of Rs.19900 and receive a monthly compensation package that varies from Rs. 28000 to Rs. 30000 upon joining. A variety of further bonuses and perks are offered after the training time, albeit these could differ throughout banks.
|
Facilities/Salary |
Amount |
|
Basic Pay |
19900 |
| Conveyance Allowance |
757.08 |
|
Dearness Allowance |
5209.82 |
|
SPL DA |
4118 |
| HRA |
2039.75 |
|
Total |
32024.65 |
| Gross Salary |
32024.65 |
The basic wage plus additional benefits like house rent allowance (HRA) and dearness allowances make up an IBPS clerk’s compensation. An IBPS clerk’s base salary is Rs.19900. The salary scale is set up as follows: Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. Rs.19900 is the base minimum compensation for an IBPS clerk, while Rs.47920 is the maximum.
|
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) |
Candidates receive Dearness Allowance, Travel Allowance, House Rent Allowance, Special Allowance, Medical Allowance, and other benefits in addition to their IBPS Clerk wage. The following provides an explanation of the candidates’ allowances.
| Parameters | Details |
| Special Allowance | Rs. 4118 |
| Dearness Allowance (DA) | DA is 4 per cent of the IBPS Clerk Basic Pay |
| DA depends on the CPI and is revised quarterly, i.e. after every three months | |
| House Rent Allowance (HRA) | The HRA depends on the location of the posting |
| The HRA remains between 6.5 per cent to 8.5 per cent depending upon the location of the posting | |
| Travel Allowance (TA) | Expenses on official tours and travels will be reimbursed by the bank. |
| Medical Allowance (MA) | This is paid once a year. For IBPS Clerks, the amount is fixed at Rs.2000 annually |
Candidates who join as clerks can apply for promotions after at least two years of employment. Promotions are based on both seniority and merit. The promotion tiers are listed below:
The following lists the responsibilities and functions of an IBPS clerk:
The following contains the answers to the frequently asked questions (FAQs) regarding IBPS Clerk Salary 2024.
1. What is the starting wage for an IBPS clerk?
2. What is the salary structure for IBPS clerks in 2024?
3. What information can be found on the 2024 IBPS Clerk salary slip?
4. What is the net IBPS Clerk salary in hand for 2024?
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