IBPS Clerk Salary 2019 Plans & Packages

IBPS Clerk Mains Crash Course (10 Days) by Top Faculties

(78)
₹1,499/- ₹999/- 33.36%

BATCH START DATE: 4TH JAN 2020

50+ Hours Online Live Classes

Get Access to 15 Mains Full-Length Mock Tests

Class Questions PDF

Whatsapp Group For Doubt Clearing with Faculties

Videos can be played on Web and on APP both

A Video can be played for approx. 270 minutes (Max. video play time = 3 times the length of the video)

Package Validity: 3 Months from the purchase date

IBPS Clerk Mains 2019 Online Coaching

(232)
₹4,999/- ₹1,499/- 70.01%

Mains Course Duration: 23rd Dec. 2019 to 15th Jan. 2020 + 3 Days' Discussion Classes (16th Jan. 2020 to 18th Jan. 2020)

100+ Hours Online Live Classes

Get Access to 150+ Quizzes based on Live Classes

Get Access to 15 Mains Full-Length Mock Tests

Study Material in PDF Format

Videos can be played on Web and on APP both

A Video can be played for approx. 270 minutes (Max. video play time = 3 times the length of the video)

Course Validity: 6 Month from the Purchase Date

The students who are a part of IBPS Clerk Recruitment can read this post for IBPS Clerk Salary details. Not only that, the basic job profile and career growth information is also provided here. 

IBPS Clerk Salary 2019

The IBPS Clerk Application Form process begun on September 17, 2019. The officials will conduct the exam to fill 12075 vacancies. 

  • An IBPS Clerk receives INR 11765 per month as basic pay 
  • Other allowances like Transport, House, Medical are also provided
  • According to the official IBPS Clerk Exam Datesthe Prelims exam is scheduled for October 21 & 22, 2019
  • The job of a clerk has great significance. They have to handle critical work like client's accounts and guiding them
  • The officials conduct tests for individuals to be promoted to senior positions
  • The minimum pay for IBPS Clerk is INR 11,765 and maximum is INR 31540

IBPS Clerk 2019 Notification PDF

IBPS Clerk Salary Structure

The Basic Pay for IBPS Clerk initially is Rs 11,765. The IBPS Clerk Pay Scale is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.

The IBPS Clerk Salary Structure is given below:

Facilities Pay
Basic Pay INR 11,765
Special Allowance INR 1,561
DA INR 7,073
CA INR 0
TA INR 425
Total (excluding HRA) INR 21,424
HRA INR 980
Gross Salary INR 22,404

Check IBPS Clerk Eligibility Criteria

IBPS Clerk Salary Growth

According to the IBPS Clerk Notification PDF, the salary growth for the position of an IBPS Clerk is written below:

  • The Initial Basic Pay is INR 11,765 including a yearly increment of INR 655 for 3 years
  • The Basic Pay after 3 years will be INR 13,730 including a yearly increment of INR 815 for the next 3 years
  • The Basic Pay, further, after 3 years would be INR 16,175 with a yearly increment of INR 980 for the upcoming four years
  • The Basic Pay, further, after 4 years will be INR 20,095 with a yearly increment of INR 1,145 for the next 7 years
  • The Basic Pay after 7 years is going to be INR 28110 with a yearly increment of INR 2,120 for next 1 year
  • The Basic Pay after, further, 1 year will be INR 30,230. Adding the yearly increment of INR 1,310 for next 1 year
  • The Basic Pay, then, would be INR 31,540 (largest Basic Pay)

IBPS Clerk Allowances 

The special allowances and perks to work as an IBPS Clerk as in the table below:

Special Allowance In the beginning, the Special Allowance is 7.5 percent of the Basic Pay. After one year, Special Allowance will enhance by INR 400 to INR 500
Dearness Allowance (DA) This element is 4 percent of the IBPS Clerk Basic Pay. DA depends on the CPI and is refined quarterly (i.e. after every three months)
House Rent Allowance (HRA) The HRA depends on the job location. It is 8.5 percent of the Basic Pay for Metro Cities, 7.5 percent of the Basic Pay for cities with more than 5 lakhs population, and 6.5 percent of the Basic Pay for the rest of the cities
Travel Allowance The bank will take care of the expenses on official tours and travels
Medical Allowance The individual will receive this once a year. For IBPS Clerks, the amount is set at INR 2,000.

IBPS Clerk Salary Structure for HRA Allowance

The HRA is provided according to the job locations. The following table clarifies the same:

 Facilities Cities With Population with 45+ lakhs Cities With Population Less Than 45 lakhs
Basic Pay Rs 11765 Rs 11765
Dearness Allowance Rs 5311 Rs 5311
Travel Allowance Rs 425 Rs 425
Special Allowance Rs 911 Rs 911
House Rent Allowance Rs 1176 Rs 1058
Total IBPS Clerk Salary Rs 19588 Rs 19470

IBPS Clerk Job Profile

IBPS Clerks is one of the most important posts in the banking sector. They interact with clients on a daily basis. Other than a decent salary, the job provides considerable scope to learn about bank functioning.

The Clerks are the source of contact for the clients. They solve the matters of the customers and guide them about bank rules. They are responsible for the following major tasks:

  • To Verify documents and proofs of customers
  • To update passbooks of clients
  • To issue Demand Drafts (DDs), bank accounts for the clients, cash receipts, etc.
  • To sanction withdrawals by the clients
  • To maintain bank documents, ledger, balance sheets, etc.
  • To help customers with their issues

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