IBPS Clerk Salary

IBPS Clerk Salary 2024: Know More About Salary Structure, Allowances, Job Profile

The IBPS Clerk Salary for 2024 offers a good income along with various perks, incentives, and benefits for those chosen for Clerical Cadre positions in public sector banks. Every year, thousands of candidates apply for the IBPS Clerk exam, mainly due to the attractive salary. The appealing salary package is a key factor for many choosing a banking career.

The IBPS Clerk Salary for 2024 increases over time as employees gain experience and are promoted to higher roles. Many students are curious about the salary, perks, and allowances of an IBPS Clerk. Check out the details below to learn more about the IBPS Clerk salary.

S.no.Chapter-Wise IBPS Clerk Salary

IBPS Clerk Salary 2024

Basic Pay Amount (In INR)

Initial Basic Pay

19,900 with a yearly increment of 1000 for three years

Basic Pay after 3 years

20,900, with a yearly increment of 1230 for the next three years

Basic Pay after the next 3 years

24,590, with a yearly increment of 1490 for the next four years

Basic Pay after the next 4 years

30,550, with a yearly increment of 1730 for the next 7 years

Basic Pay after the next 7 years

42,600, with a yearly increment of 3270 for the next year

Basic Pay after the next 1 year

45,930, with a yearly increment of 1990 for the next year

Basic Pay after next year 1 year

47,920 (maximum Basic Pay)

 

IBPS Clerk Salary: Allowances Offered to Candidates

Parameters Details

Special Allowance

INR 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 INR 2000 annually

 

IBPS Clerk Salary Structure

IBPS Clerk Salary Structure 2022

Basic Pay

INR 19,900

Dearness Allowance

INR 5209.82

Special Allowance

INR 4118

Transport Allowance

INR 757.08

CCA

INR 0

House Rent Allowance(HRA)

INR 2039.75

Gross Pay

INR 32,024.65

Deduction (NPS Fund, Union Fee)

INR 2570.98

Net Pay

INR 29453.67

 

IBPS Clerk Salary Deduction 2024

IBPS Clerk Salary Deduction 2024
Particulars  Amount
Pension Fund Contribution 2886
Death Relief Fund 40
Professional Tax 60
Total 2986

 

IBPS Clerk Salary 2024 Job Profile

  • Updation of Passbooks of account holders at counters
  • Printing of receipts for cheques and demand drafts
  • bank clerks also do hold bank keys, safe keys under their protection
  • Handling the deposit and withdrawal cash.
  • Responsible for bank cash, various important documents, keys, etc.
  • Sanctioning of withdrawals by the customers
  • Resolving the various issues of the customers
  • Guiding customers relating to various banking activities
  • Attending to treasury works
  • Resolving queries of the customers
  • Miscellaneous tasks
  • Providing information about the latest schemes and government policies
  • Verification of various documents and proofs submitted by the customers
  • Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc
  • Maintaining the various documents of the bank, balance sheets, ledger, etc.
  • They are often placed at the query window to act as an information counter for the customers.
  • Bank office clerks are deployed in the back office for various tasks like maintenance of ledger, bank receipt collection, handling the daily closure details