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:
|Sr. No.||Name of Tests||No. of Questions||Maximum Marks||Duration|
|1||English Language||30||30||Composite time of 1 hour|
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.
|Name of Tests||No. of
|Maximum Marks||Time allotted for each test (Separately timed)|
|2||English Language||40||40||30 minutes|
|3||Quantitative Aptitude||40||50||30 minutes|
|4||General Awareness (with special reference to Banking)||40||40||25 minutes|
|5||Computer Knowledge||40||20||20 minutes|
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|
|CCA||Rs. 0/-||Rs. 0/-|
|Total (without HRA)||Rs.18413.37/-||Rs.18413.37/-|
|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.
- 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/-
- 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.
- 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.
- 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|
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|
|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
Share your thoughts/queries here!