IBPS Clerk Salary After 5 Years: Pay Scale, Allowances, Promotion

IBPS Clerk Salary After 5 Years: Details regarding the IBPS Clerk Salary After 5 years are given here!!! Candidates who are going to appear for the IBPS Clerk examination have to see this before at least once which boosts up your passion and dedication towards the bank jobs.

 

Bank jobs in India are a great demand among the graduates. This is due to lucrative salaries along with perks, benefits, job security, recognition, etc.  This is the primary reason why every year lakh of candidates have entered into the bank examinations. As you all know that IBPS Clerk 2021 Notification has been released officially with a total of 7800+ vacancies. The recruitment drive has been conducted at the national level at various exam centers. The competition becomes a huge one. Candidates have to do the preparation in the right strategy to attain success. The moto of this IBPS Clerk After 5 years is to enhance the positive energy of the candidates towards the bank jobs which helps to prepare without distractions.

 

So the aspirants with a dream of a bank job should know all details of IBPS Clerk salary after 5 years and the perks that the IBPS Clerk enjoys. In this article, we have covered IBPS Clerk Basic pay, in-hand salary, IBPS Clerk Salary After 5 years, Allowances, etc.

IBPS Clerk Salary Structure 2021

The IBPS Clerk Salary Structure has been given in detail in the below-mentioned table. Si candidates have a look at this and know the complete details.

 

The IBPS Clerk Pay Scale is Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The minimum Basic Pay for IBPS Clerk is Rs 19,900 while the maximum is Rs 47,920.

 

IBPS Clerk Salary 2021
Basic Pay Rs.19,900/-
Dearness Allowance Rs.5209.82/-
Special Allowance Rs.4118/-
Transport Allowance Rs.757.08/-
CCA Rs.0/-
House Rent Allowance(HRA) Rs.2039.75/-
Gross Pay Rs.32,024.65/-
Deduction (NPS Fund, Union Fee) Rs.2570.98/-
Net Pay Rs.29453.67/-

IBPS Clerk Syllabus

IBPS Clerk In-hand Salary 2021:

After the provisional allotment as IBPS Clerk, the candidates will get the in-hand salary from 28,000/- to 30,000/-.

IBPS Clerk Pay Scale 2021

The IBPS Clerk Pay Scale is Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.

IBPS Clerk Previous Year Question Papers

IBPS Clerk Salary After 5 Years:

The minimum basic pay of an IBPS clerk is Rs. 19,900/- and the maximum goes to Rs. 47,920.

 

Period Basic Pay Increment
Basic Pay  Rs 19,900 Rs. 1000/-
Basic Pay after 3 years Rs 20,900 Rs 1230 for the next three years.
Basic Pay after the next 3 years Rs 24,590 Rs 1490 for the next four years.
Basic Pay after the next 4 years Rs 30,550 Rs 1730 for the next 7 years
Basic Pay after next 7 years Rs 42,600 Rs 3270 for the next year
Basic Pay after next 1 year Rs 45,930 Rs 1990 for the next year
Basic Pay after next year Rs 47,920 (Maximum Basic Pay)

IBPS Clerk Cut Off

IBPS Clerk Salary: Other Allowances

Special Allowance Rs. 4,118/-
Dearness Allowance (DA) (i) DA is 4 percent of the IBPS Clerk Basic Pay.

(ii) DA depends on the CPI and is revised quarterly, i.e. after every three months.

House Rent Allowance (HRA) (i) The HRA depends on the location of the posting.

(ii) The HRA remains between 6.5% to 8.5% depending upon the location of the posting.

Travel Allowance (TA) Expenses on official tours and travels will be reimbursed by the bank.
Petrol allowance
20 Liters of Petrol Every Month
Medical Allowance (MA) This is paid once a year. For IBPS Clerks, the amount is fixed at Rs 2000/- annually.

IBPS Clerk Study Plan

IBPS Clerk Promotion & Career Growth

After the provisional allotment candidates are very often to know the details regarding the IBPS Clerk Promotion & Career Growth, Here we have given the details of IBPS Clerk Promotion from Officer Cadre. Kindly go through this.

 

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.

IBPS Clerk Mock Test Series

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