IBPS Clerk Salary 2024 | Grade Pay, In Hand Salary Per Month
IBPS Clerk Salary 2023: The basic salary progression for an IBPS Clerk over a period of 20 years. The first number, 19900, is the starting basic salary for an IBPS Clerk. The numbers in parentheses represent the annual increments. For example, the first increment is 1000, so the basic salary after one year of service will be 19900 - 1000 = 18900. The next increment is 1230, so the basic salary after three years of service will be 18900 - 1230 = 17670. The increments are staggered so that the basic salary increases gradually over time. The maximum basic salary for an IBPS Clerk is 47920, which is reached after 20 years of service. It's important to note that the basic salary is just one component of an IBPS Clerk's total compensation. Other benefits, such as DA, HRA, and special allowances, can also contribute to the total salary. The in-hand salary, which is the amount of money that an IBPS Clerk actually receives after deductions, can range from Rs.29453.67 to Rs. 70158.
| IBPS CLERK SALARY ⬇ | |
|---|---|
| IBPSC CLERK | SALARY |
| Pay Scale | ₹19900– 47920/- |
| IBPS Clerk Basic Salary | ₹19900/- |
| IBPS Clerk Maximum Salary | ₹47920 /- |
| Dearness Allowance (DA) | ₹5209.82/- |
| Special Allowance (SA) | ₹4118/- |
| House Rent Allowance (HRA) | ₹2039.75/- |
| Transport Allowance (TA) | ₹757.08 |
| CCA | ₹0/- |
| Initial Gross Salary | ₹29453 - 30,550/- (Approx) |
| Maximum Gross Salary | ₹70158 - 72500/- (As Per Current Pay Scale) |
| ✦ Check Year Wise Salary (⬇) | |
✨IBPS Clerk Recruitment 2023: The application process has been started from 1st July 2023 and ends on 21st July 2023, at 11:59 PM. The preliminary exam is scheduled for August/September 2023, followed by the main exam in October 2023. Keep an eye out for updates from IBPS.
IBPS Clerk Salary 2023
The anticipated monthly take-home pay for IBPS Clerk Salary, including all allowances, is projected to range from ₹ 29453 to ₹ 30550. The candidate will receive this pay scale every month for 12 months. After the initial year of employment, the Basic IBPS Clerk Salary will increase by ₹ 1000, bringing it to ₹ 20900. After two years of joining IBPS, the clerk's basic salary will increase to ₹ 22130.
Candidates who are selected as IBPS Clerks will receive a basic salary of ₹ 22,130/- per month, with an increment of Rs 12,300/- for the next two years. The basic pay scale for the sixth year will be 24590—1490 (4)—30550—1730 (7)—42600—3270 (1)—45930—1990 (1)—47920.
IBPS Clerks have the opportunity to receive a range of timely allowances, including Dearness Allowance (DA), House Rent Allowance (HRA), and Grade Allowance (GA), among others, in addition to their in-hand allowance. These allowances can considerably boost the overall salary of IBPS Clerks, rendering it a highly attractive profession for many individuals.
IBPS Clerk Salary Year-wise Increment
Starting in 2023, IBPS Clerk's Salary will vary depending on the year of service. The following is a breakdown of the IBPS Clerk Salary for each year, including allowances:
| IBPS CLERK SALARY: 01-10 Yr ⬇ | |
|---|---|
| YEAR | SALARY |
| 1st Year | ₹ 19900/- |
| 2nd Year | ₹ 20900/- |
| 3rd Year | ₹ 22130/- |
| 4th Year | ₹ 23360/- |
| 5th Year | ₹ 24590/- |
| 6th Year | ₹ 26080/- |
| 7th Year | ₹ 27570/- |
| 8th Year | ₹ 29060/- |
| 9th Year | ₹ 30550/- |
| 10th Year | ₹ 32280/- |
| ✦ Salary without any Allowances (⬆) | |
| IBPS CLERK SALARY: 11-18 Yr ⬇ | |
|---|---|
| YEAR | SALARY |
| 11th Year | ₹ 34010/- |
| 12thYear | ₹ 35740/- |
| 13th Year | ₹ 37470/- |
| 14th Year | ₹ 39200/- |
| 15th Year | ₹ 40930/- |
| 16th Year | ₹ 42660/- |
| 17th Year | ₹ 45870/- |
| 18th Year | ₹ 47920/- |
| After 18th Year | ₹ 47920/- |
| ✦ Salary without any Allowances (⬆) | |
IBPS Clerk Salary Post Wise Details
The monthly salary range for the position of IBPS Clerk is from Rs. 29,453 to Rs. 30,550. As for IBPS Clerk Officers (PO), their yearly salary falls between Rs. 29,000 and Rs. 33,000. Similarly, IBPS Bank Clerk Officers at Scale 2 also receive a salary between Rs. 29,000 to Rs. 33,000.
For IBPS Bank Officer Scale 2 General Banking Officer, the annual salary ranges from Rs. 33,000 to Rs. 39,000. Meanwhile, the monthly salary for IBPS Clerk Officer Scale 3 falls between Rs. 38,000 and Rs. 44,000.
| IBPS SALARY: POST WISE ⬇ | |
|---|---|
| YEAR | SALARY |
| IBPS Clerk Clerk | ₹ 19900 |
| IBPS Clerk Officer (PO) | ₹ 29,000 - ₹ 33,000/- |
| Clerk Officer Scale 2 | ₹ 29,000 to ₹33000/- |
| Officer Scale 2 General Banking Officer | ₹ 33,000 - ₹ 39,000/- |
| Clerk Officer Scale 3 | ₹ 38,000 – ₹ 44,000/- |
| ☛ LATEST IBPS GOVT JOBS 2023 | |
IBPS Clerk Salary Allowances
In addition to the base pay, IBPS Clerks are eligible for various benefits and allowances, which are included in their total gross earnings. These benefits include dearness allowances, housing allowances, and other allowances.
| IBPS CLERK SALARY ALLOWANCES ⬇ | |
|---|---|
| ALLOWANCES | DETAILS |
| D.A.(Dearness Allowance) | ✅ Yes, 38% of the Basic Pay (Changes as per the location of work) |
| H.R.A.(House Rent Allowance) | ✅Yes, 8% - 24% of the Basic Pay |
| City Compensatory Allowances (CCA) | ❌ No |
| D.A. on T.A. | ✅ Yes, As per Govt rule |
| Special Allowances | ✅ Yes |
| ☛ IBPS CLERK FORM 2023 | |
IBPS Clerk Salary Deduction
| IBPS CLERK SALARY DEDUCTIONS ⬇ | |
|---|---|
| DEDUCTIONS | DETAILS |
| PROF Tax | ✅ Yes (Rs. 200-300) |
| DCPS | ✅ Yes (10% - 15% of the Basic Pay) |
| TDS | ✅ Yes (Rs. 238-400) |
| AIBEA | ✅ Yes (As per the IBPS rule) |
| Income Tax | ✅ Yes (As per the ITR rule) |
| ☛ IBPS CLERK SYLLABUS 2023 | |
IBPS Clerk Payment in the bill (Reimbursement)
Additionally, IBPS provides several payment options for the bills, such as reimbursement on a declaration basis. It also provides funding for tuition. reimbursement for the price of the eyeglasses. IBPS also offers payment in bills for things like car insurance, conveyance allowance, leave fare discounts, furnishing a residence, reimbursement of GSLI, book grants, newspaper bills, furnishing a residence, etc. based on eligibility.
| Important Links | |
|---|---|
| IBPS Clerk Vacancy | Click Here |
| IBPS Clerk Syllabus | Click Here |
| Download App [ For Latest Updates Download Our Andriod App ] | CLICK HERE |
IBPS Clerk Salary FAQ
⭐What is the starting salary of an IBPS Clerk in India?The starting salary of an IBPS Clerk in India is Rs. 22,130 per month. However, this amount can vary based on location, allowances, and other factors.
⭐What are the allowances provided to an IBPS Clerk?IBPS Clerks are eligible for various allowances, including dearness allowance (DA), house rent allowance (HRA), and other special allowances. The amount of these allowances vary based on the location of the posting and other factors.
⭐How is the salary of an IBPS Clerk calculated?The salary of an IBPS Clerk is calculated based on the basic pay, which increases with years of experience and promotions, and various allowances. The in-hand salary is calculated after deducting taxes, NPS, or PF.
⭐Is there any provision for bill reimbursement in IBPS Clerk's Salary?Yes, IBPS provides various payment options for bill reimbursements, such as tuition fees, eyeglasses, car insurance, conveyance allowance, and furnishing a residence, among others, based on eligibility.
⭐What is the career growth opportunity for an IBPS Clerk?IBPS Clerks can advance in their career through promotions to Officer posts, such as IBPS Clerk Officer Scale 1, 2, and 3. They can also take internal exams to become Probationary Officers or Special Officers in various departments of banks.
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