IBPS Clerk Salary 2022: IBPS clerk job is an entry-level job for those who are interested to join in the banking sector for them it is a good opportunity. The Institute of Banking Personnel Selection (IBPS) is conducting the IBPS Clerk exam. In this article, we will discuss in the detail IBPS clerk’s salary along with the notification. IBPS has announced the recruitment of CRP XII clerks in various banks. IBPS Clerk offers not only the highest pay but also a wide spectrum of jobs. IBPS Clerk’s salary is among the highest in the country, making this exam one of the most popular in the country. IBPS Clerk Salary 2022 Allowances are DA allowances, HRA allowances, Medical allowances, Special allowances, and Travel allowances. All appointed candidates are required to undergo an evaluation after 6 months. Bookmark this article for complete details of IBPS Clerk Salary 2022.
IBPS Clerk Pay Scale
The basic pay of an IBPS Clerk Salary includes other allowances like HRA (House Rent Allowance and Dearness allowances and so forth) The first Basic Pay for IBPS Clerk 2022 will be Rs 19,900. The IBPS Clerk Pay Scale is Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. This is not very easy to understand, so we have made it more clear and easy to understand through the table below. While basically, that means the minimum Basic Pay for IBPS Clerk is Rs 19,900 while the maximum is Rs 47,920.
Basic Pay Amount
Initial Basic Pay is Rs 19,900 with a yearly increment of Rs1000 for three years
Basic Pay after 3 years is Rs 20,900, with a yearly increment of Rs 1230 for the next three years
Basic Pay after the next 3 years is Rs 24,590, with a yearly increment of Rs 1490 for the next four years
Basic Pay after the next 4 years is Rs 30,550, with a yearly increment of Rs 1730 for the next 7 years
Basic Pay after the next 7 years is Rs 42,600, with a yearly increment of Rs 3270 for the next year
Basic Pay after the next 1 year is Rs 45,930, with a yearly increment of Rs 1990 for the next year
Basic Pay after next year 1 year Rs 47,920 (maximum Basic Pay)
IBPS Clerk Salary 2022, In hand, Pay Scale, Allowances & Job Profile_50.1
IBPS Clerk Salary Allowances
It good salary and Allowances. There are various allowances offered to an IBPS clerk. These allowances remember a broad range of extraordinary factors that can also, in addition, include the region of the posting, how the branch is progressing, and some extremely good factors. It listed the greater than a few varieties of allowances offer to the IBPS Clerk below:
Special Allowance Rs 4118/-
Dearness Allowance (DA)
DA is 4 percent of the IBPS Clerk’s Basic Pay.
DA depends on the CPI and is revised quarterly, i.e. after every three months.
House Rent Allowance (HRA)
The HRA depends on the location of the posting.
The HRA remains between 6.5% to 8.5% depending upon the location of the posting.
Travel Allowance (TA) Expenses on official tours and travels will be reimbursed by the bank.
Medical Allowance (MA) This is paid once a year. For IBPS Clerks, the amount is fixed at Rs 2000/- annually.
The variation of IBPS Salary and Allowances as per the location :
IBPS Clerk Salary Structure–Divisions Amount paid to IBPS Clerk
Basic Pay Rs 19,900
Dearness Allowance Rs 5209.82
Travel Allowance Rs 757.08
Special Allowance Rs 4118
House Rent Allowance Rs 2039.75
Gross Pay Rs 32,024.65
Deduction allowed Rs 2570.98
Total IBPS Clerk Salary Rs 29,453.67/-
IBPS Clerk Salary 2022, In hand, Pay Scale, Allowances & Job Profile
IBPS Clerk Job Profile
IBPS clerk salaries and allowances are attractive, so we should know that the job profile of an IBPS clerk will not be an easy one. IBPS Clerk’s Job profile involves a lot of duties and responsibilities, not just accounting, but also has customer service, cash handling, and customer guidance under its purview. An IBPS Clerk is the first point of contact person for bank-related inquiries and issues. He/She deals with the front desk work and customer handling operations and therefore his Job Profile is also known as Single Window Operators.
It gave the Job Responsibilities of an IBPS Clerk below:
To manage inquiry corners, receipts, withdrawals, and so forth
A clerk also deals with the opening of new accounts, cash collection, issuing bank statements, and handling emails and delivery.
Verification of various documents and proofs submitted by the customers
Updating the passbooks of account holders
Responsible for bank cash, various important documents, keys, and so forth
Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, and so forth
Sanctioning of withdrawals by the customers
Maintaining the various documents of the bank, balance sheets, ledger, and so forth
Resolving the various issues of the customers
Guiding customers relating to various banking activities
Attending treasury works
Thus, one and all an IBPS Clerk job profile is quite a task without which some of the major bank operations might not be possible.
IBPS Clerk Promotions
IBPS Clerk offers great chances for growth. As a bank clerk, based on the performance and contribution to the bank, there are many chances of growth. When a person works as a bank clerk he learns the different ways a bank functions and has chances to prove her/his potential and merit. A clerk has to serve for 3 years or 2 years in some banks before he can apply for a promotion. It gave promotions through the following two processes:
Normal Process: Candidates who get promoted through this process don’t require JAIIB and CAIIB Diploma. IBPS Clerks are promoted based on experience and seniority and a written exam is conducted internally. After the qualification of the written exam, IBPS Clerks become Trainee Officers and then Bank Probationary Officers (PO).
Merit-Based Process: Under this, the candidates must hold JAIIB and CAIIB diplomas from the Indian Institute of Banking and Finance (IIBF).
Candidates who are aiming for the IBPS Clerk post should always prepare well to be a competition in the examination. Knowing the duties and salary of the post is equally important to all candidates. Candidates must clearly understand how much it would offer them if eligible for the job and even the promotion details.
They give the levels of promotions for an IBPS Clerk in Ascending Order below.
Clerk > Officer > Senior Officer > Asst Manager > Manager > Senior Manager > Chief Manager > Assistant General Manager > Deputy General Manager > General Manager
Someone will directly give those who join through the PO Program Assistant Manager cadre post-confirmation as Management Trainee.
Assistant Manager – Scale 1
Manager – Scale 2
Senior Manager – Scale 3
Chief Manager – Scale 4
Assistant General Manager – Scale 5
Deputy General Manager – Scale 6
General Manager – Scale 7
The clerk is an entry-level position in any bank and after appointment, as candidates get the experience of working or their daily schedules, they will get huge opportunities to prove the work qualities that can provide a promotion to them and can also help them reach the senior post.
IBPS Clerk Salary 2022- FAQs
Q 1. What is the in-hand salary for an IBPS Clerk?
Ans. The In-Hand Salary for an IBPS Clerk at the entry-level varies from Rs.28,000/- to Rs.30,000/- per month. However, the salary increases with the years in service.
Q 2. How can an IBPS Clerk get promoted to a higher level?
Ans. An IBPS Clerk gets promoted through two methods: Normal/Seniority process OR Merit-based/Fast-track process.
Q 3. What are the benefits that an IBPS Clerk receives apart from the salary?
Ans. An IBPS Clerk gets the facility of DA, HRA, Medical, Travel, and Transport Allowances to name a few.
Q 4. What is the basic pay for an IBPS clerk?
Ans. An IBPS Clerk has a basic pay of Rs 19,900/- while the maximum is Rs 47,920/-.
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