Contents
- 1 IBPS Clerk Salary 2019 In-hand – Salary Structure, Pay Scale, Perks, Allowances & Career Growth
- 1.1 IBPS Clerk Salary In Hand After 7th Pay Commission:
- 1.2 IBPS Clerk Salary After 11th Bipartite Settlement:
- 1.3 Basic Pay & In-Hand Salary of IBPS Clerk:
- 1.4 Basic Payscale for IBPS Clerk:
- 1.5 Salary Structure Of IBPS Clerk:
- 1.6 List of allowances for IBPS Clerk:
- 1.7 IBPS Clerk Career Growth, Promotion to PO and Job Profile:
IBPS Clerk Salary 2019 In-hand – Salary Structure, Pay Scale, Perks, Allowances & Career Growth
Institute of banking personal selection (IBPS) released the notification for the post of office assistant in various public sector banks. The online application for the clerk post going starts from 17/9/2019. It is necessary to get a complete idea about salary and job profile before applying for any job. In this article, we are going to give complete information about IBPS clerk salary, job profile, career growth and perk details of office assistant.
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The IBPS Clerk in-hand salary varies from Rs. 19,000 to Rs. 22,000 depending on the location of posting.
IBPS Clerk Salary In Hand After 7th Pay Commission:
Banks follow Bipartite settlements. Therefore, there will be no change in the IBPS Clerk In hand salary after 7th pay commission. The 11th Bipartite statement is expected from First November 2019.
IBPS Clerk Salary After 11th Bipartite Settlement:
Banks have placed a demand to increase the revised basic pay of Clerks to Rs. 30,000. The figure looks wildly optimistic. After the 11th bipartite settlement of 2015 comes into effect, the in-hand salary of IBPS Clerk is expected to increase by Rs. 2000 to 4000.
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Basic Pay & In-Hand Salary of IBPS Clerk:
- The basic pay-scale for IBPS Clerk is Rs. 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
- Dearness allowance is decided based on Consumer Price Index.
- The housing rent allowance is changed depending on the place of posting.
- The IBPS Clerk in-hand salary varies from Rs. 19,000 to Rs. 22,000 depending on the location of posting.
Basic Payscale for IBPS Clerk:
The initial Basic Pay for IBPS Clerk is Rs 11,765. The IBPS Clerk pay scale is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
IBPS Clerk minimum basic salary 11765 and it will be maximum 31540. IBPS Clerk Salary Changes based on the bank and place of posting.
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IBPS Clerk salary structure increment in year wise:
| Initial Basic Pay | 11765 + yearly increment 655 for next three years |
| Basic pay after three years | 13730 + yearly increment 815 for next three years |
| Basic pay after three years | 16175 + yearly increment 980 for next four years |
| Basic pay after four years | 20095 + yearly increment 1445 for next seven years |
| Basic pay after seven years | 28110 + yearly increment 2120 for next one years |
| Basic pay after one years | 30230 + yearly increment 1310 for next one years |
| Basic Pay next Year | 31540 |
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Salary Structure Of IBPS Clerk:
| Basic salary + allowances | Salary |
| Basic pay | 11765 |
| Dearness Allowances (DA) | 7073 |
| City Compensatory Allowances (CCA) | 0 |
| Transport allowances (TA) | 425 |
| Special Allowances (SA) | 1561 |
| Salary (exclude HRA) | 21492 |
| HRA (House Rent Allowances) | 980 |
| Salary ( Include HRA) | 22404 |
List of allowances for IBPS Clerk:
Medical Allowance:
Medical allowance paid for the IBPS Clerk once a year and also it is should be fixed amount 2000.
Travel Allowances:
Official tours and travel expenses will be reimbursed by the banks.i.e, 425 per month.
House Rental Allowances:
House and rental allowances changes based on the place & position. It will be 8.5% of the basic salary in metro polity cities and 6.5% basic pay in other cities.
Dearness allowances:
Dearness allowances are revised every three months based and it will depend on CPI (consumer price index). Dearness allowances are 4% of the basic salary.
Special Allowances:
Special Allowances at starting 7.5% of the basic salary. And after one year it will be increased by 400 to 500.
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IBPS Clerk Career Growth, Promotion to PO and Job Profile:
After joining as IBPS Clerks, people can clear JAIIB and CAIIB exams to increase their salary. Also, after completing 2-3 years with the bank, clerks will be eligible to take departmental promotion exams. If successful, clerks can become Trainee officers (TOs) which is equivalent to Probationary officers. This route is less competitive than joining the banks directly as POs. Hence, aspirants who are preparing for PO exams must give this exam a shot as well.
The Promotion Process from Assistant Manager to General Manager:
1. Assistant Manager
2. Manger
3. Senior Manager
4. Chief Manager
5. Assistant General Manager
6. Deputy General Manager
7. General Manager
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