IBPS Clerk Salary 2024; Check Pay Scale, Job Profile and Career Growth Here

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.

IBPS Clerk Salary 2024 OUT

Shubhra Goswamy | Jul 16, 2024 |

IBPS Clerk Salary 2024; Check Pay Scale, Job Profile and Career Growth Here

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.

Table of Content
  1. Overview for IBPS Clerk Salary 2024:
  2. Salary Structure for IBPS Clerk Salary 2024:
  3. Pay Scale for IBPS Clerk Salary 2024:
  4. IBPS Clerk Salary: Candidate's Allowances
  5. What is the IBPS Clerk's Career Growth?
  6. Job Profile of IBPS Clerk:
  7. IBPS Clerk Salary 2024:FAQs

Overview for IBPS Clerk Salary 2024:

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

Salary Structure for IBPS Clerk Salary 2024:

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

Pay Scale for IBPS Clerk Salary 2024:

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)

IBPS Clerk Salary: Candidate's Allowances

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.

ParametersDetails
Special AllowanceRs. 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

What is the IBPS Clerk's Career Growth?

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:

  • Assistant Manager Scale I
  • Manager Scale 2
  • Senior Manager Scale 3
  • Chief Manager Scale 4
  • Assistant General Manager Scale 5
  • Deputy General Manager Scale 6
  • General Manager Scale 7

Job Profile of IBPS Clerk:

The following lists the responsibilities and functions of an IBPS clerk:

  • Verification of papers submitted by consumers
  • Updating account holders’ passbooks.
  • Issuing demand drafts (DDs), bank accounts for customers, cash receipts, etc.
  • Maintaining balance sheets, ledgers, and other bank papers, etc.
  • Provides information on the newest schemes and government policies.
  • Solving customer queries

IBPS Clerk Salary 2024:FAQs

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?

  • For freshers, the starting base pay for IBPS Clerks in 2024 will be fixed at Rs. 19900.

2. What is the salary structure for IBPS clerks in 2024?

  • IBPS Clerk Grade Pay 2024 Salary Structure: Rs. 24050 – 1340/3 – 28070 – 1650/3 – 33020 – 2000/4 – 41020 – 2340/7 – 57400 – 4400/1 – 61800 – 2680/1 – 64480 (20 years).

3. What information can be found on the 2024 IBPS Clerk salary slip?

  • The basic pay, allowances, gross pay, deductions, and net income are all shown on the IBPS Clerk salary slip 2024.

4. What is the net IBPS Clerk salary in hand for 2024?

  • After the deductions, the net IBPS Clerk salary 2024 in hand every month will be Rs. 38180 (approx.).

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