IBPS Clerk Salary 2024 Per Month Slip Download PDF [Latest]

Every year lakhs of candidates rush for IBPS Clerk Recruitment due to its lucrative salaries, perks, incentives, and benefits. A bank job aspirant wants all the details of the IBPS Clerk’s salary and bonuses. IBPS Clerk’s salary, job profile, responsibilities, and career growth are covered in this article.

For banking aspirants interested in learning more about IBPS Clerk salary structure and career growth, please refer to this article.

IBPS Clerk Salary in Hand New Structure 2024

According to IBPS Clerk 2024, the pay scale is Rs.19900-1000/1-20900-1230/3-4590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-479 20.

IBPS Clerk’s salary ranges from Rs. 28,000 to Rs. 30,000 monthly. Check out the table below for a glimpse of the IBPS Clerk Salary Structure.

Basic Pay	Rs.19,900/-
Transport Allowance	Rs.757.08/-
Dearness Allowance	Rs.5209.82/-
CCA	Rs.0/-
Special Allowance	Rs.4118/-
House Rent Allowance(HRA)	Rs.2039.75/-
Deduction (NPS Fund, Union Fee)	Rs.2570.98/-
Gross Pay	Rs.32,024.65/-

IBPS Pay Scale Clerk 2024

IBPS Clerks get about 28,000 to 30,000/month, including Dearness Allowance and other perks. For IBPS Clerk, the pay scale is Rs.19900-1000/1-20900-1230/3-4590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-479 20.

A basic salary of Rs 19,900 per year will increase each year by Rs 1000
Upon completion of 3 years, the pay will be Rs 20,900, increasing by Rs 1230 annually.
In the next three years, the basic pay will be set at 24,590 with a yearly increment of 1490 being added each year.
Upon reaching the end of the 4 year period, an increase of Rs 1730 will be made every year.
The basic pay will increase to Rs 42,600 after 7 years of service, with an annual increase of Rs 3270 awarded every year.
After the next year, the pay after one year will be Rs 45,930 with an annual increase of Rs 1990.
The pay after the next year will be Rs 47,920 (Maximum Basic Pay for the next year).
In IBPS, the minimum basic pay is 19,900/- and the maximum is 47,920/-.

Other Allowances of IBPS Clerk Salaries

Below is an explanation of the allowances, aside from the basic salary:

Allowance for Dearness: As a percentage of Basic Pay, Dearness Allowance makes up 4%. Every three months, DA is revised according to the CPI.
House Rent Allowance: Depending on where you’re posted, you get an HRA. For metro cities, it’s 8.5% of the Basic Pay, for towns with a population over 5 lakhs, 7.5%, and for other cities, it’s 6.5 %.
Travel Allowance: Travel expenses and official tours will be reimbursed by banks.
Medical Allowance: IBPS Clerks get 2000 rupees (fixed). You get the medical allowance one time a year.
Special Allowance: IBPS Clerks get INR 4118/- as their allowance

IBPS Clerk Salary After 5 Years – Job Profile

As an entry-level post, IBPS Clerk offers a lot of learning opportunities. With more knowledge, you’ll have more opportunities, which will help you grow.

As per the IBPS Clerk Job Profile, you’ll be responsible for:

Document and proof verification by the customer
Keeps track of bank cash, important documents, keys, etc.
Withdrawals sanctioned by customers
Maintaining the bank’s balance sheets, ledgers, etc.
Taking care of customer problems
Assisting customers with various banking activities
Keeping account holders’ passbooks up-to-date
Answering customer queries

Promotions for IBPS Clerks

Employee Type: Employees can be clerks, executives, managers, senior managers, or assistants. A manager, a deputy manager, and a general manager.

IBPS Clerks earn a good salary, have a stable job, and can grow in the banking industry. Promotions and growth are quite attractive based on performance. Two years of service is required for promotions. Once every two years, IBPS Clerks get promoted.

Two processes are used for promotions:

i- Normal process- Through this process, candidates don’t need JAIIB and CAIIB diplomas. In the case of IBPS Clerks, an internal written exam will be conducted. A clerk completing the written exam becomes a trainee officer and then a probationary officer.
ii- An application process based on merit- Candidates must hold a JAIIB or CAIIB diploma from the Indian Institute of Banking and Finance to be considered for this process.