IBPS Clerk Salary 2023: Check In-Hand Salary, Increment, Perks and Allowances

Vaibhav Bansal

Updated On: July 19, 2023 05:29 pm IST | IBPS Clerk

IBPS Clerk draws a good salary, candidates who are planning to have a career in this field can go through the artilce below to check IBPS Clerk salary 2023 and all the perks and benefits they are entitled to.

IBPS Clerk Salary

IBPS Clerk Salary 2023: The Institute of Banking Personnel Selection (IBPS) recruits candidates for clerical posts in various banks around the country through the IBPS Clerk exam. The IBPS Clerk job attracts a lot of young talent every year since it provides lucrative salaries to its incumbents. It also offers plenty of perks, incentives, and benefits, along with the in-hand salary. IBPS Clerk 2023 notification is expected soon based on which candidates will be allowed to take the exam. 

Read the article below for complete details about the IBPS Clerk salary structure in India, basic pay, allowances, and other perks.

Also Read: IBPS Clerk Eligibility Criteria 2023

IBPS Clerk Salary in India

The minimum basic pay of an IBPS clerk is Rs 19,900. However, after some promotions, the maximum basic pay of an IBPS clerk increases to Rs 47,920. The pay scale of a Clerk in a public sector bank is 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The best part about working as an IBPS Clerk in a public sector bank is the number of perks and benefits they offer along with basic pay. Every employee is entitled to various allowances such as Dearness, Travel, Special, House Rent, and Medical allowances. 

IBPS Clerk Salary (In Hand)

Aspirants can check out the IBPS Clerk salary structure that has been added below: 

IBPS Clerk Salary Structure

Header

Population More Than 45 lakhs

Population Less Than 45 lakhs

Basic Pay

Rs 19900

Rs 19900

Dearness Allowance

Rs 5209.82

Rs 5209.82

Travel Allowance

Rs 757.08

Rs 757.08

Special Allowance

Rs 4118

Rs 4118

House Rent Allowance

Rs 2039.75

Rs 2039.75

Total IBPS Clerk Salary (Gross)

Rs 32,024.65

Rs 32,024.65

Total IBPS Clerk Salary (Net)

Rs 29453.67Rs 29453.67

IBPS Clerk Salary Increment 

The candidates can check the information about the salary increment for IBPS Clerk from the table provided below:

Basic Pay

Amount

Initial Basic Pay

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

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 1 year

Rs 47,920 (maximum Basic Pay)

Also Read: IBPS Clerk Application Form 2023

IBPS Clerk Perks and Allowances

IBPS Clerk can avail of various allowances besides their basic salary which depends on the place of posting. These allowances include TA, DA, and HRA, added to the salary and the total amount is what a person under IBPS Clerk gets in hand.

Dearness Allowance

  • DA depends on CPI and is paid 4% of the Basic Pay.
  • Starting amount of DA is INR 5112

House Rent Allowance

  • HRA differs from location to location
  • HRA is paid between 6.5% to 8.5%

Medical Allowance

MA is fixed at INR 2000 annually

Travel Allowance

Expenses incurred on official trips are reimbursed by the bank.

Special Allowance

Fixed at INR 4118

IBPS Clerk Promotion & Career Growth

A clerk has to serve for a minimum period of 3 years before he can apply for the promotion. After then he gets a chance to grow himself. IBPS Clerk offers great chances for growth. As a bank clerk, based on the performance and contribution to the bank, there are many chances of growth. The career and promotion opportunities that follow post the IBPS Clerk post are given below:

  • 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
Hopefully, the article was informative and helpful to applicants. Interested candidates can apply for the IBPS Clerk position based on the salary expectations from the article mentioned above and prepare themselves accordingly! Aspirants can also check out the links mentioned below to know more about the IBPS Clerk exam!

Related Links:

Documents Required to Fill IBPS Clerk 2023 Application Form

How to Crack IBPS Clerk Exam in Three Months?
IBPS Clerk 2023 Selection Process

IBPS Clerk 2023 Cut off

For the latest IBPS Clerk Exam 2023 updates, stay tuned to CollegeDekho! If you have any more questions about the IBPS Clerk Exam preparation, please contact us via the QnA Zone or call our toll-free helpline number 1800-572-9877

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FAQs

What is the IBPS Clerk Salary 2023 according to the latest standards?

The IBPS Clerk Salary in a public sector bank is 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.

What is the IBPS Clerk Salary 2023 in hand?

IBPS Clerk Salary 2023 in hand is Rupees 47,920. The minimum basic pay of an IBPS clerk is Rs 19,900.

What are the perks and allowances provided according to the IBPS Clerk salary 2023?

Along with the IBPS Clerk salary 2023, there are a lot of other perks and allowances such as house rent allowance, medical allowance, and travel allowance.

What are the medical allowances provided according to the IBPS Clerk salary 2023?

There is a medical allowance of rupees 2000 annually provided according to the latest IBPS Clerk salary 2023.

What are the special allowances provided according to the IBPS Clerk salary 2023?

There is a special allowance of Rs. 4118 annually provided according to the latest IBPS Clerk salary 2023.

IBPS Clerk Previous Year Question Paper

IBPS CLERK Prelims 2016

IBPS CLERK Numerical Ability 2015

IBPS CLERK General Knowledge 2015

IBPS CLERK English 2015

IBPS CLERK Comp 2015

IBPS CLERK Reasoning 2014

IBPS CLERK Quant 2014

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