Revised IBPS Clerk Job Profile: Salary, Promotions, Allowances

IBPS Bank Clerical Cadre Job is one of the most demanding jobs in India. Serving a Customer with all their financial needs is the prime objective of a Banking Clerical Cadre. As a Bank Clerk, one can directly work for national development and contribute to society. All these features make the job a lifetime opportunity for all the applying candidate. If you too willing to work as a Bank Clerk then keep in mind that the notification for filling up of 12075 IBPS Bank Clerks has been released. Throughout the article, every aspect related to IBPS Clerk Salary and other allowances will be discussed.

As the notification for the IBPS Clerk CWE VII 2020 has just been published, aspirants are starting their conversation about How much the Bank job will pay us? and what are the benefits and allowances of the job like questions? This article will let you know about the IBPS Clerk Salary, Job Profile, Promotion and other allowances granted to an employee working in Clerical Cadre of Indian Banks.

Important Links

Aspirants May Also Check these Important links related to IBPS Clerk Recruitment Notification.

IBPS Clerk Recruitment Notification (CWE VIII 2020)

Before we go deep with the information let us first have a look at the Major Features of the IBPS CWE Clerk VIII 2020 recruitment notification. 

Brief Description of the Job

Conducting Body Institute of Banking Personnel Selection (IBPS)
Name of the Exam IBPS CWE Clerk VIII 2020
IBPS Clerk Notification 2020 Release Date September 2020
IBPS Clerk Online Application Starts From September 2020
IBPS Clerk Online Application Ends On October 2020
Download of call letters for IBPS Clerk Pre- Exam Training November 2020
IBPS Clerk Online Pre-Exam Training November 2020
Conduct of Online Examination – Preliminary 12th, 13th & 19th December 2020
Result of IBPS Clerk Preliminary Exam January 2021
Download of Call letter for Online Exam – Main January 2021
Conduct of Online Examination – Main 24th January 2021
Declaration of Final Result 1st April 2021
Application Fee Rs.100/- for SC/ ST/ PWD/ EXSM candidates and
Rs.600/- for others.
How to apply Online
Mode of Exam Online
Number of Vacancies 12,075
Job Posting Anywhere in India
Job Profile Clerical Cadre

IBPS Clerk Job Profile, Salary, Promotions, Allowances

Before we discuss the pay band for the job, let us have a brief look at the IBPS Clerk Job Profile.

IBPS Clerk Job Profile

A Banking Clerk is responsible for maintaining all the money related transaction via a fixed account number of a customer. In most of the cases, the work profile of an IBPS Clerk working in Public Sector Banks is related to single window operator. The Single window of a Bank is the place from where we do all our banking activities like transferring fund, withdrawing money, inquiring about various policies and taking guidance of different financial activities. The job profile of a Bank Clerk can be defined in the following way.

  • Dealing with the front desk works like enquiry, guidance etc related to different financial activities
  • Working at the single window and operating major banking operations like Sum Deposits, withdrawal of cash and managing the transactions and related receipts etc.
  • A bank clerk may also assist a customer in various schemes and services of the banks link ATM service, Loan service, opening account, issuing bank statements and handling emails.

IBPS Clerk Salary

The estimated salary of a clerk working with a Public Sector Bank during the training phase can be somewhere around Rs.18000 to Rs.21000. during the training period. After the successful completion of the training phase, the other allowances and perks are added to the basic salary.

IBPS Clerk Perks and Allowances

It is to be noted that the gross in-hand salary and other benefits differ from bank to bank. Let us now have a look at the Basic salary and other allowances given to a Bank Clerk.

FacilitiesCities having Population <45 LakhsCities having Population >45 Lakhs
Basic PayRs. 11765/-Rs. 11765/-
Special AllowanceRs. 911.79/-Rs. 911.79/-
DA (Dearness Allowances)Rs. 5311.58/-Rs. 5311.58/-
CCARs. 0/-Rs. 0/-
Transport Allowance (TA)Rs. 425/-Rs. 425/-
Total (without HRA)Rs. 18413.37/-Rs. 18413.37/-
HRARs. 1176.5/-Rs. 1058.85/-
Gross with HRARs. 19589.87/-Rs. 19472.22/-

IBPS Clerk Salary After 11th Bipartite Settlement

From the past couple of year, the current employee working in Public Sector Banks are demanding the authority for an increment of at least 20% to 30% in basic pay. Let us have a brief overview of IBPS Clerk Salary after 11th Bipartite Settlement.

  • If the Indian Banks’ Association (IBA) agrees for 20% increment: Final Basic salary will be Rs.15, 374 /- with additional benefits like DA & HRA (38.80%) on basic salary. In that case, the total Gross Salary of a newly recruited employee would be Rs.21, 339/- per month.
  • If the Indian Banks’ Association (IBA) agrees for 25% increment: Recruited candidates will get Rs.16,015/- per month as basic salary and other benefits will make the Gross Salary to somewhere around Rs.22,228/- per month.
  • If Indian Banks’ Association (IBA) agrees for 30% increment: Final Basic Pay of Rs.16, 655 /- plus other allowances will make the Gross Salary of a freshly recruited Bank Clerk will be Rs. 23,117/- per month.

IBPS Clerk Allowances

Apart from the above-mentioned salary package, an IBPS Clerk also gets some other allowances and facilities mentioned by the Bank. Keep in mind that the Facilities may differ from Bank to Bank making Total Gross Salary of a Bank Clerk different in different Bank.

  • Basic Salary: Rs. 11765- 31540/-  per month.
  • Increments: After successful completion of the training period (1 year), an employee will get an increment of Rs. 400/- and Rs. 500 increment in 2nd year.
  • DA (Dearness Allowances): Revised quarterly for every three months which is based on CPI (Consumer Price Index)
  • HRA (House Rent Allowance): House Rent Allowance will be allotted according to the place of posting such as 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations.
  • Leased Accommodation
  • Traveling Allowance
  • Medical Aid

For any Query related to IBPS Clerk Recruitment notification 2020, comment on the comment box mentioned below. Our expert will help you to make the Best preparation Strategy for the clerk in Indian Banks.

Best Of Luck Aspirants..!

Do you have any questions? Ask Here

Leave a comment below or Join Edufever forum