IBPS Clerk Salary 2017 as per 7th Pay Commission

IBPS Clerk Salary 2017 – Get complete Details of salary hike of a fresher bank clerk after 7th Pay Commiission.  

IBPS Clerk Salary 2017 

Institute of Banking Personnel Selection conducts IBPS CWE Clerk exam is to select eligible candidates for clerk post in its 19 participating banks. A lot of aspirants are eagerly waiting for IBPS Clerk exam. There are 7853 vacancies for IBPS Clerk. The structure of the Examinations which will be conducted online are as follows:  

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Preliminary Examination  

Sr. No.   Name of Tests   No. of Questions   Maximum Marks   Duration  
  English Language   30   30   Composite time of 1 hour  
  Numerical Ability   35   35    
  Reasoning Ability   35   35    
  Total   100   100    

Candidates have to qualify in each of the three tests by securing cut-off marks to be decided by IBPS. Candidates who qualify in IBPS Clerk Preliminary exams will be selected for Mains exams.  

Main Examination  

Sr.  

No.  

Name of Tests   No. of  

Questions  

Maximum Marks   Time allotted for each test (Separately timed)  
  Reasoning   40   50   30 minutes  
  English Language   40   40   30 minutes  
  Quantitative Aptitude   40   50   30 minutes  
  General Awareness (with special reference to Banking)   40   40   25 minutes  
  Computer Knowledge   40   20   20 minutes  
  Total   200   200   135 minutes  

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The above tests except the Tests of English Language will be available bilingually, i.e. English. 

IBPS Clerk Salary 2017:  

Facilities  Places with Population above 45 lakhs  Places with Population below 45 lakhs 
Basic Pay  Rs.11765/-  Rs.11765/- 
Special Allowance  Rs.911.79/-  Rs.911.79/- 
DA  Rs.5311.58/-  Rs.5311.58/- 
CCA  Rs. 0/-  Rs. 0/- 
Transport Allowance  Rs.425/-  Rs.425/- 
Total (without HRA)  Rs.18413.37/-  Rs.18413.37/- 
HRA  Rs.1176.5/-  Rs.1058.85/- 
Gross with HRA  Rs.19589.87/-  Rs.19472.22/- 

 IBPS Clerk Salary after 11th Bipartite Settlement in 2015: 

Despite the recommendations for hike in pay by the 7th Pay Commission, it is the IBA or the Indian Banks association that will take the final call on hike for pay on bank employees. Most bank employees are waiting the IBA Bipartite Settlement. There is expected to be pay hike by 20-30% in the basic pay of Bank employees once the IBPS Clerk Salary. Indian Bank Association or IBA gives the final word on the pay scale for bank employees.  

  1. If IBA agrees for a 15% increment, then basic pay will be Rs. 14,733 and the gross salary of fresher will be Rs. 20,450/- 
  1. If IBA agrees for a 20% increment, the gross salary of a fresher clerk in a bank will be Rs. 21, 339/-. This is a result of a final basic pay that will be Rs. 15, 374 as a result of a nod from IBA.  
  1. If IBA agrees for a 25% increment, gross salary of a fresher clerk in a bank will be 22,228/-. This will be a result of a final basic pay that will be Rs. 16,015. 
  2. If IBA agrees for a 30% increment, the gross salary of the fresher clerk will be Rs. 23,117. This is a result of a final basic pay that will will be Rs. 16, 655. This is the best possible deal for bank employees. 
Increment   Basic Pay   Total Gross Salary 
15%  Rs. 14,733  Rs. 20,450 
20%  Rs. 15, 374  Rs. 21,339 
25%  Rs. 16, 015  Rs. 22, 228 
30%  Rs. 16,655  Rs. 23,117 

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7th Pay Commission for Bank Clerk:  

The salary of a Bank Clerk has seen monumental rise after the the 7th Pay commission in 2017. The new salary structure for bank jobs shall be valid from 1.11.2017, as the previous agreement was dated 11.2012. This is yet to come into effect and is waiting a final nod of the respective deciding bodies.  

Grade  Existing Basic Pay    Revised Basic Pay    Annual Increment – New 
  Starting  Closing  Starting  Closing   
Clerk  Rs. 11765  31540  30000  68900  1500/3 – 1900/8 – 2400/8 

Stay tuned for more updates on IBPS Clerk Salary as per 7th Pay Commission

Freetest_App

I could find the All India test near replica of the actual exam. It helped me a lot with time management. I would request the team to increase the difficulty more which would be more interesting.

Shaik Mahaboob Subhani IBPS Clerk Pre AIT

Share your thoughts/queries here!

  • NIMESH GAVLI

    ye 7th pay commission ka toh hogaya na applicable from 1-11-2017..????/