IBPS Clerk Salary 2024: Detailed Salary Structure, Perks, Allowances, and Career Growth
Table of Contents
- 1 IBPS Clerk Salary 2024: Detailed Salary Structure, Perks, Allowances, and Career Growth
- 1.1 IBPS Clerk Salary 2024: In-Hand Pay, Perks, Allowances, and Growth
- 1.2 Introduction
- 1.3 IBPS Clerk Salary 2024: Overview
- 1.4 IBPS Clerk Salary Structure
- 1.5 IBPS Clerk Salary In-Hand
- 1.6 IBPS Clerk Salary Slip
- 1.7 IBPS Clerk Salary: Perks & Allowances
- 1.8 IBPS Clerk Job Profile
- 1.9 IBPS Clerk Career Growth and Promotion
- 1.10 Conclusion
- 1.11 FAQs on IBPS Clerk Salary 2024
- 1.12 Important Links
IBPS Clerk Salary 2024: In-Hand Pay, Perks, Allowances, and Growth
Introduction
The IBPS Clerk post is one of the most sought-after positions in the banking sector, offering a decent salary package, attractive perks, and significant career growth opportunities. The salary for an IBPS Clerk ranges between Rs 25,000 and Rs 35,000 per month, which includes various allowances and benefits that make the job even more appealing. This article provides a detailed overview of the IBPS Clerk salary, including the in-hand salary structure, perks, job profile, and promotion prospects for 2024.
IBPS Clerk Salary 2024: The salary of an IBPS Clerk typically ranges between Rs 25,000 and Rs 35,000 per month. Besides the basic pay, candidates are eligible for a variety of allowances, making the remuneration package quite attractive. Along with the monthly salary, clerks receive benefits, incentives, and perks that significantly enhance their overall compensation. In this article, we will break down the IBPS Clerk salary structure, including details about the job profile and career growth opportunities.
IBPS Clerk Salary 2024: Candidates appointed as IBPS Clerks in participating banks are offered competitive salary packages that include perks and various benefits, opening doors to excellent career growth opportunities. The starting salary is quite reasonable, with a monthly range of Rs 25,000 to Rs 35,000, and an annual package of approximately Rs 4-5 lakh. This article provides insights into the in-hand salary, annual package, allowances, job responsibilities, and promotion prospects associated with the IBPS Clerk role.
IBPS Clerk Salary 2024: Overview
The starting salary for an IBPS Clerk is set at Rs 19,900 per month. In addition to the basic pay, clerks receive various allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), Medical Allowance, and Special Allowances, among others. The salary package is enhanced with regular revisions, making it highly attractive. Here’s an overview of the IBPS Clerk Salary:
| S.No | Category | Details |
|---|---|---|
| 1 | Organization | Institute of Banking Personnel Selection (IBPS) |
| 2 | Exam Name | IBPS Clerk Exam 2024 |
| 3 | Post | Clerk |
| 4 | Basic Pay | Rs 19,900 per month |
| 5 | Pay Scale | Rs 19,900 – Rs 47,920 |
| 6 | Allowances | Dearness Allowance, HRA, Special Allowance, Transport Allowance |
| 7 | Language of Exam | English & Hindi |
| 8 | Official Website | www.ibps.in |
IBPS Clerk Salary Structure
The IBPS Clerk salary structure comprises several components, including the pay scale, gross earnings, net earnings, various allowances, and deductions. The salary varies based on the job location and other factors. Below is the detailed salary structure for an IBPS Clerk in 2024:
| S.No | Component | Amount (in INR) |
|---|---|---|
| 1 | Basic Pay | Rs 19,900 |
| 2 | Dearness Allowance | Rs 5,200 – Rs 5,500 |
| 3 | Special Allowance | Rs 4,000 – Rs 4,420 |
| 4 | Transport Allowance | Rs 750 – Rs 800 |
| 5 | House Rent Allowance (HRA) | Rs 2,035 – Rs 2,040 |
| 6 | Gross Pay | Rs 32,000 |
| 7 | Deduction (NPS Fund, Union Fee) | Rs 2,500 – Rs 3,000 |
| 8 | Net Pay | Rs 25,000 – Rs 30,000 |
IBPS Clerk Salary In-Hand
The in-hand salary for an IBPS Clerk includes the basic pay along with various allowances, after deducting the applicable deductions like NPS, Union fees, etc. The starting in-hand salary ranges between Rs 25,000 and Rs 30,000, and it increases with experience and annual increments. Here’s a breakdown of the salary progression:
| S.No | Pay Stage | Amount (In INR) |
|---|---|---|
| 1 | Initial Basic Pay | 19,900 with a yearly increment of 1,000 for three years |
| 2 | After 3 years | 20,900, with a yearly increment of 1,230 for the next three years |
| 3 | After 6 years | 24,590, with a yearly increment of 1,490 for the next four years |
| 4 | After 10 years | 30,550, with a yearly increment of 1,730 for the next 7 years |
| 5 | After 17 years | 42,600, with a yearly increment of 3,270 for the next year |
| 6 | Final Stage | 45,930, with a yearly increment of 1,990 for the next year |
| 7 | Maximum Basic Pay | 47,920 |
IBPS Clerk Salary Slip
The salary slip for an IBPS Clerk provides a clear breakdown of the earnings, allowances, and deductions each month. It includes various components like basic pay, HRA, DA, and standard deductions such as provident fund amounts. The salary slip helps employees understand their net take-home pay.
IBPS Clerk Salary: Perks & Allowances
Apart from the basic salary, IBPS Clerks enjoy several perks and allowances that significantly enhance their overall compensation. These allowances vary based on the city of posting and add value to the job. Below is the list of key allowances:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- Travel Allowance (TA)
- Medical Allowance
- Special Allowances
- Other Allowances
IBPS Clerk Job Profile
The IBPS Clerk plays a crucial role in the banking operations, primarily handling customer interactions, document verification, and maintaining various records. Here’s an overview of the responsibilities of an IBPS Clerk:
- Managing bank documents, keys, cash, and more.
- Cross-checking documents submitted by customers.
- Assisting customers with demand drafts, account openings, and other services.
- Updating passbooks and performing tasks assigned by senior officials.
IBPS Clerk Career Growth and Promotion
IBPS Clerks have numerous opportunities for career advancement. They can take departmental exams based on their performance, seniority, and experience to get promoted to higher positions. The promotion hierarchy is as follows:
- Assistant Manager Scale I
- Manager Scale II
- Senior Manager Scale III
- Chief Manager Scale IV
- Assistant General Manager Scale V
- Deputy General Manager Scale VI
- General Manager Scale VII
Conclusion
The IBPS Clerk post offers a rewarding career with a decent salary package, attractive perks, and substantial growth opportunities. With regular promotions and departmental exams, IBPS Clerks can climb the career ladder swiftly and achieve managerial positions. If you’re looking for a secure and rewarding career in banking, the IBPS Clerk position is an excellent choice.
FAQs on IBPS Clerk Salary 2024
What is the IBPS Clerk Salary in 2024?
The IBPS Clerk’s salary ranges between Rs 25,000 and Rs 30,000 per month.
What is the IBPS Clerk Job Profile?
The IBPS Clerk job involves handling customer documents, updating passbooks, and performing various clerical duties in the bank.
What are the allowances included in the IBPS Clerk’s Salary?
The salary includes allowances like DA, HRA, TA, Medical Allowance, and Special Allowances, among others.