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IBPS Clerk Salary 2022: Check In-Hand Salary, Increment, Perks and Allowances

Vaibhav BansalUpdated On: June 24, 2022 01:43 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 in-hand salary of IBPS Clerk and all the perks and benefits they are entitled to.

IBPS Clerk Salary

IBPS Clerk Salary 2022: The Institute of Banking Personnel Selection (IBPS) recruits candidates for the clerical posts in various banks around the country. The IBPS Clerk job attracts a lot of young talent every year and provides lucrative salaries to them. It also offers plenty of perks, incentives, and benefits, along with the in-hand salary. IBPS Clerk 2022 notification is expected soon based on which candidates will be allowed to take the exam. 

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

IBPS Clerk Salary in India

The minimum basic pay of an IBPS clerk is Rs 11,765. However, after some promotions, the maximum basic pay of an IBPS clerk increases to Rs 31,540. The pay scale of a Clerk in a public sector bank is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540. 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)

IBPS Clerk salary structure has been added below: 

IBPS Clerk Salary Structure

Population More Than 45 lakhs

Population Less Than 45 lakhs

Basic Pay

Rs 11765

Rs 11765

Dearness Allowance

Rs 5311

Rs 5311

Travel Allowance

Rs 425

Rs 425

Special Allowance

Rs 911

Rs 911

House Rent Allowance

Rs 1176

Rs 1058

Total IBPS Clerk Salary

Rs 19588

Rs 19470

IBPS Clerk Salary Increment

Basic Pay

Amount

Initial Basic Pay

Rs 19,900 with a yearly increment of Rs1000 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)

IBPS Clerk Perks and Allowances

IBPS Clerk can avail various allowances besides their basic salary which depends on the place of posting. These allowances include TA, DA, 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 7073

House Rent Allowance

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

Medical Allowance

MA is fixed at INR 2200 annually

Travel Allowance

Expenses incurred on official trips are reimbursed by the bank.

Special Allowance

Fixed at INR 1561

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

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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