IBPS Clerk Salary 2023: Check In-Hand Salary, Increment, Perks and Allowances

IBPS Clerk draws a good salary, candidates who are planning to have a career in this field can go through the artilce below to check IBPS Clerk salary 2023 and all the perks and benefits they are entitled to.

Table of Contents

IBPS Clerk Salary in India
IBPS Clerk Salary (In Hand)
IBPS Clerk Salary Increment
IBPS Clerk Perks and Allowances
IBPS Clerk Promotion & Career Growth
Faqs

IBPS Clerk Salary 2023 : The Institute of Banking Personnel Selection (IBPS) recruits candidates for clerical posts in various banks around the country through the IBPS Clerk exam . The IBPS Clerk job attracts a lot of young talent every year since it provides lucrative salaries to its incumbents. It also offers plenty of perks, incentives, and benefits, along with the in-hand salary. IBPS Clerk 2023 notification is expected soon based on which candidates will be allowed to take the exam.

Read the article below for complete details about the IBPS Clerk salary structure in India, basic pay, allowances, and other perks.

Also Read: IBPS Clerk Eligibility Criteria 2023

IBPS Clerk Salary in India

The minimum basic pay of an IBPS clerk is Rs 19,900. However, after some promotions, the maximum basic pay of an IBPS clerk increases to Rs 47,920. The pay scale of a Clerk in a public sector bank is 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The best part about working as an IBPS Clerk in a public sector bank is the number of perks and benefits they offer along with basic pay. Every employee is entitled to various allowances such as Dearness, Travel, Special, House Rent, and Medical allowances.

IBPS Clerk Salary (In Hand)

Aspirants can check out the IBPS Clerk salary structure that has been added below:

IBPS Clerk Salary Structure
Header	Population More Than 45 lakhs	Population Less Than 45 lakhs
Basic Pay	Rs 19900	Rs 19900
Dearness Allowance	Rs 5209.82	Rs 5209.82
Travel Allowance	Rs 757.08	Rs 757.08
Special Allowance	Rs 4118	Rs 4118
House Rent Allowance	Rs 2039.75	Rs 2039.75
Total IBPS Clerk Salary (Gross)	Rs 32,024.65	Rs 32,024.65
Total IBPS Clerk Salary (Net)	Rs 29453.67	Rs 29453.67

IBPS Clerk Salary Increment

The candidates can check the information about the salary increment for IBPS Clerk from the table provided below:

Basic Pay	Amount
Initial Basic Pay	Rs 19,900 with a yearly increment of Rs 1000 for three years
Basic Pay after 3 years	Rs 20,900, with a yearly increment of Rs 1230 for the next three years
Basic Pay after the next 3 years	Rs 24,590, with a yearly increment of Rs 1490 for the next four years
Basic Pay after the next 4 years	Rs 30,550, with a yearly increment of Rs 1730 for the next 7 years
Basic Pay after the next 7 years	Rs 42,600, with a yearly increment of Rs 3270 for the next year
Basic Pay after the next 1 year	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)

Also Read: IBPS Clerk Application Form 2023

IBPS Clerk Perks and Allowances

IBPS Clerk can avail of various allowances besides their basic salary which depends on the place of posting. These allowances include TA, DA, and HRA, added to the salary and the total amount is what a person under IBPS Clerk gets in hand.

Dearness Allowance	DA depends on CPI and is paid 4% of the Basic Pay. Starting amount of DA is INR 5112
House Rent Allowance	HRA differs from location to location HRA is paid between 6.5% to 8.5%
Medical Allowance	MA is fixed at INR 2000 annually
Travel Allowance	Expenses incurred on official trips are reimbursed by the bank.
Special Allowance	Fixed at INR 4118

IBPS Clerk Promotion & Career Growth

A clerk has to serve for a minimum period of 3 years before he can apply for the promotion. After then he gets a chance to grow himself. 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. The career and promotion opportunities that follow post the IBPS Clerk post are given below:

Scale 1 – Officer / Assistant Manager
Scale 2 – Manager
Scale 3 – Senior Manager
Scale 4 – Chief Manager
Scale 5 – Asst. General Manager
Scale 6 – Deputy General Manager
Scale 7 – General Manager

Hopefully, the article was informative and helpful to applicants. Interested candidates can apply for the IBPS Clerk position based on the salary expectations from the article mentioned above and prepare themselves accordingly! Aspirants can also check out the links mentioned below to know more about the IBPS Clerk exam!

Related Links:

Documents Required to Fill IBPS Clerk 2023 Application Form	How to Crack IBPS Clerk Exam in Three Months?
IBPS Clerk 2023 Selection Process	IBPS Clerk 2023 Cut off

For the latest IBPS Clerk Exam 2023 updates, stay tuned to CollegeDekho ! If you have any more questions about the IBPS Clerk Exam preparation, please contact us via the QnA Zone or call our toll-free helpline number 1800-572-9877

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FAQs

What are the special allowances provided according to the IBPS Clerk salary 2023?

There is a special allowance of Rs. 4118 annually provided according to the latest IBPS Clerk salary 2023.

What are the medical allowances provided according to the IBPS Clerk salary 2023?

There is a medical allowance of rupees 2000 annually provided according to the latest IBPS Clerk salary 2023.

What are the perks and allowances provided according to the IBPS Clerk salary 2023?

Along with the IBPS Clerk salary 2023, there are a lot of other perks and allowances such as house rent allowance, medical allowance, and travel allowance.

What is the IBPS Clerk Salary 2023 in hand?

IBPS Clerk Salary 2023 in hand is Rupees 47,920. The minimum basic pay of an IBPS clerk is Rs 19,900.

What is the IBPS Clerk Salary 2023 according to the latest standards?

The IBPS Clerk Salary in a public sector bank is 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.

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