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 Dates, the 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