The IBPS Clerk position offers a structured salary package with various allowances and benefits, making it an attractive entry point into the banking sector. This article provides a comprehensive overview of the IBPS Clerk Salary Notification 2024, including detailed salary structures, allowances, and job responsibilities.
IBPS Clerk Salary Notification 2024
Key Details
| 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 19,900 |
| Allowances | Dearness Allowance, House Rent Allowance, Special Allowance, Transport Allowance |
| Language of Exam | English & Hindi |
| Official Website | www.ibps.in |
Salary Structure
The starting basic pay for an IBPS Clerk is Rs 19,900, with the total initial salary package ranging from Rs 28,000 to Rs 30,000 per month. The following table details the salary components:
| Facilities/Salary | Amount (Rs) |
|---|---|
| Basic Pay | 19,900 |
| Conveyance Allowance | 757.08 |
| Dearness Allowance | 5,209.82 |
| Special DA | 4,118 |
| House Rent Allowance | 2,039.75 |
| Total | 32,024.65 |
| Gross Salary | 32,024.65 |
DA Hike Notification 2024: Check Post For Impact on the 7th Pay Commission
IBPS Clerk Salary Pay Scale 2024
The salary increases over the years according to the following pay scale structure:
| Pay Scale | Amount (Rs) |
|---|---|
| Initial Basic Pay | 19,900 with a yearly increment of 1,000 |
| Basic Pay after 3 years | 20,900 with a yearly increment of 1,230 for the next 3 years |
| Basic Pay after the next 3 years | 24,590 with a yearly increment of 1,490 for the next 4 years |
| Basic Pay after the next 4 years | 30,550 with a yearly increment of 1,730 for the next 7 years |
| Basic Pay after the next 7 years | 42,600 with a yearly increment of 3,270 for the next year |
| Basic Pay after the next 1 year | 45,930 with a yearly increment of 1,990 for the next year |
| Maximum Basic Pay | 47,920 |
Salary Slip
The salary slip of an IBPS Clerk provides a detailed breakdown of the initial salary and any deductions, enabling candidates to calculate their final net salary.
Salary Allowances
IBPS Clerks are eligible for various allowances, which include:
| Allowance | Details |
|---|---|
| Special Allowance | 7.5% of the basic pay, increasing from 400 to 500 Rs after 1 year |
| Dearness Allowance | 4% of the basic pay, revised every 3 months based on CPI |
| House Rent Allowance | 8.5% for Metro Cities, 7.5% for cities with a population over 5 lakhs, 6.5% for other cities |
| Travel Allowance | Expenses reimbursed by banks on official tours and travels |
| Medical Allowance | 2,000 per year |
Salary and Allowances Variations
The salary and allowances for an IBPS Clerk can vary based on the location of posting:
| IBPS Clerk Salary Structure – Divisions | Amount (Rs) |
|---|---|
| Basic Pay | 19,900 |
| Dearness Allowance | 5,209.82 |
| Travel Allowance | 757.08 |
| Special Allowance | 4,118 |
| House Rent Allowance | 2,039.75 |
| Gross Pay | 32,024.65 |
| Deduction allowed | 2,570.98 |
| Total IBPS Clerk Salary | 29,453.67 |
Job Profile
The role of an IBPS Clerk includes a range of responsibilities such as maintaining ledgers, handling cash, updating passbooks, and customer service.
IBPS Clerk Promotion
Promotions can be achieved through seniority or merit-based processes, with the promotional ladder structured as follows:
| Position | Scale |
|---|---|
| Clerk | – |
| Officer | – |
| Senior Officer | – |
| Assistant Manager | Scale 1 |
| 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 |
With dedication and hard work, IBPS Clerks have ample opportunities for career progression within the banking sector.