IBPS Clerk Salary After 5 Years: Who doesn’t want a good salary and a clerical job in a Bank? That’s the reason why so many graduates get attracted to the IBPS Clerk Exam because it offers a lucrative salary along with perks, benefits, job security, recognition, etc., and promise of promotion in the future. It is one of the major reasons why the candidates want to grab the IBPS Clerk’s post.
So, let’s check out how IBPS Clerk Salary grows in 5 years!
Take the best IBPS Clerk Prelims Mock Tests & clear the upcoming exam!
Take the best IBPS Clerk Prelims Mock Tests & clear the upcoming exam!
The minimum Basic Pay for IBPS Clerk is Rs 19,900 while the maximum is Rs 47,920. IBPS Clerk Salary is the sum total of Basic Pay and other Allowances like HRA (House Rent Allowance and Dearness allowances, etc. The IBPS Clerk Pay Scale is Rs.19,900-1000/1-20,900-1230/3-24590-1490/4-30,550-1730/7-42,600-3,270/1-45,930-1,990/1-47,920.
To know understand how the IBPS Clerk salary will increase in 5 years, let’s take a look at the table given below:
Basic Pay | Amount |
Initial Basic Pay | Rs 19,900 with a yearly increment of Rs1000 for three years |
After 3 years | Rs 20,900, with a yearly increment of Rs 1230 for the next three years |
After the next 3 years | Rs 24,590, with a yearly increment of Rs 1490 for the next four years |
After the next 4 years | Rs 30,550, with a yearly increment of Rs 1730 for the next 7 years |
After the next 7 years | Rs 42,600, with a yearly increment of Rs 3270 for the next year |
After the next 1 year | Rs 45,930, with a yearly increment of Rs 1990 for the next year |
After next 1 year | Rs 47,920 (maximum Basic Pay) |
Hurry up! Take the best IBPS Clerk Prelims Mock Tests & clear the upcoming exam!
Take the best IBPS Clerk Prelims Mock Tests & clear the upcoming exam!
There are multiple allowances provided to a serving IBPS clerk. These allowances depend on various factors that may include the location of posting, how the branch is progressing, and some other factors.
Here are all the various types of allowances that IBPS Clerk get:
Special Allowance | Rs 4118/- |
Dearness Allowance (DA) | DA is 4 percent 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% to 8.5% 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 Rs 2000/- annually. |
Attempt the best IBPS Clerk Prelims Mock Tests & clear the upcoming exam!
Take the best IBPS Clerk Prelims Mock Tests & clear the upcoming exam!
Those who join through the PO Programme will directly be given Assistant Manager cadre post-confirmation as Management Trainee.
The clerk is the entry-level position in any bank and after appointment, as candidates get the experience of working or their daily schedules, they will get huge opportunities to prove the work qualities that can provide a promotion to them and can also help them to reach the senior post.
Take IBPS Clerk Prelims 2021 Mock Tests & clear the upcoming exam in style!
Take the best IBPS Clerk Prelims Mock Tests & clear the upcoming exam!
With benefits, come responsibilities. An IBPS Clerk working in the clerical cadre has to fulfill many responsibilities. The main responsibility of an IBPS Clerk is to deal with customers. It involves, solving the client’s queries, making them aware of the documents and formalities, and assisting the Senior Managers. Some major responsibilities that IBPS Clerk post invites are as follows:
Hurry up! Take the best IBPS Clerk Prelims Mock Tests & clear the upcoming exam!
In this blog, we have provided the complete details related to the RRB ALP 2024…
Get the Hindu Editorial Vocabulary for 22th November & discover the toughest words and their…
SBI PO 2024 Notification will be released soon on its official website. Read on to…
The Union Bank LBO Syllabus 2024 has been released on the official website, Candidates can…
Explore our blog "How to Score 50+ Marks in Data Analysis and Interpretation for Union…
Cover all the topics via RRB ALP Study Plan 2024 for CBT 1 exam by…