IBPS Clerk examination is conducted annually by the Institute of Banking Personnel Selection. IBPS recruits clerks to fill in vacancies of various national public sector banks. The position is also noted for its attractive salary and consistent career growth. Also, check the IBPS Exam Calendar for 2021-22
While preparing for the IBPS Clerk exam, candidates should practise the previous question papers along with the mock tests.In this article, we will discuss IBPS Salary, increments, benefits, perks and allowances, career prospects, future avenues, promotions etc. For more details on IBPS Clerk, read on.
Table of Contents
The minimum basic pay of IBPS clerk is Rs 11765. However, with years of promotion, the maximum basic pay that IBPS clerk can get is Rs 31540. Along with basic pay, the employees are given various allowances such as Dearness, House Rent, Travel, Special and Medical allowances. The details of which are given in the table below :
|IBPS Clerk Salary||>45 lakh population||<45 lakh population|
|Basic Pay||INR 11765||INR 11765|
|DA||INR 5311||INR 5311|
|HRA||INR 1176||INR 1058|
|Travel Allowance||INR 425||INR 425|
|Special Allowance||INR 911||INR 911|
|Total Salary||INR 19588||INR 19470|
The Salary Structure of an IBPS Clerk and the growth is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
As per 7th pay commission, IBPS Clerk in Hand salary varies from Rs. 19,000 to Rs. 22,000 per month at entry level. Salary increases along with an increase in years in service.
Also read- IBPS Clerk Exam Pattern
IBPS Clerk is one of the most sought after job for the candidates interested to pursue their career in banking sector mainly due to the its attractive benefits, perks and allowances. The details of which are given in the table below:
|Benefits, Perks & Allowances|
|House Rent Allowance||
|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 exam recruits candidates at an entry level. The bank’s clerical work is wide and vast. For the candidates who are interested to know more about the kind of tasks they are going to perform once selected, the details are given below:
Also read- IBPS Clerk Required Eligibility Criteria
The clerk must serve for a period of 2 or 3 years to be eligible for the promotion. Promotions of IBPS Clerks takes place in two processes: Normal and Merit based. The details of both the processes are given in the table below.
|IBPS Clerk Promotions|
|Normal/Seniority based Process||
|Merit/Fast track based Process||Candidates mandatorily require JAIIB and CAAIB Diploma from IIBF to become eligible to be promoted under this process.|
IBPS Clerk exam allows the selected candidates to start at clerk level and then slowly, with several years in service and lucrative promotions, they can be appointed as General Manager, top executive level post in the selected Public Sector Banks.
Ques. What is the educational qualification required to write the IBPS Clerk Exam?
Ans. Candidates need to be graduates in any discipline from a College/University recognized by Government of India or equivalent qualification recognized by Central Government.
Ques. What is the medical allowance paid to IBPS Clerk ?
Ans. Medical allowance paid is 2200 per year *The article might have information for the previous academic years, please refer to the official website of the exam.
*The article might have information for the previous academic years, please refer the official website of the exam.