Introduction
A bank clerk receives a dignified salary along with other allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), Transport Allowance (TA) etc. The candidates will get multiple chances to be promoted to higher levels depending on the performance of the candidate.
Salary
1. IBPS Clerk Salary - Details:
2. IBPS Clerk Salary - Allowances:
The main allowances that an IBPS Clerk, working in any of the 15 Public Sector banks, avails are
1. Dearness Allowance:
DA is adjusted for every 3 months ie Quarterly increase happens in DA .The DA will be changed according to the consumer price index (CPI).So Based on CPI declared by the banks, the DA can go up or down with change in CPI.
2. House Rent Allowance:
As we all know that rent of house is different in different types of cities. So keeping that in mind, HRA is given as per the city of posting.
- The Pay Scale of Bank Clerk is: Rs 11,765 – Rs 42,020.
- The Basic pay thus amounts to be Rs 11,765
- After completion of 1 year, the basic pay will be increased by a specific amount say Rs. 400/.
- After it from 2nd year onwards, the increment will be 500 for next 3 years.
| Facilities Provided | Places with Population above 4.5 million | Places with Population below 4.5 million |
|---|---|---|
| Basic Pay | Rs.11765 | Rs.11765 |
| Special Allowances | Rs.911 | Rs.911 |
| DA (Dearness Allowance) | Rs.5311 | Rs.5311 |
| CCA (City Compensatory Allowance) | Rs.0 | Rs.0 |
| Transport Allowances | Rs.425 | Rs.425 |
| Total(Without HRA) | Rs.18413 | Rs.18413 |
| HRA | Rs.1176 | Rs.1058 |
| Gross with HRA | Rs.19589 | Rs.19472 |
| Cities | HRA % |
|---|---|
| Metro cities | 8.5 |
| Cities with population more than 5 lakhs | 7.5 |
| Other cities | 6.5 |
- Special Allowance: 7.5%
- After completion of the one-year service, you will an increment of 400/- and Rs. 500 increment in 2nd year.
- After the 10th Bipartite Wage Settlement of 2015, a Bank Clerk’s salary has increased from now salary Rs. 21,339 to Rs. 23,117.
Note:
Salary in Public Sector banks are revised as per the banking norms only. It is to be noted that promotion of an individual is judged by the performance of an individual.
3. IBPS Clerk Salary - Additional Perks:
If the candidates are selected for the post of Bank Clerk through IBPS then the candidates will be subjected to following benefits
- Leased Accommodation from recruiting bank
- Medical Allowances around Rs. 2000/- per year and for a serious issue, you can also get other medical benefits.