IBPS Clerk Salary – Checkout IBPS Clerk Promotion & Other Benefits

IBPS Clerk Salary 2018

Institute of Banking Personnel Selection comprises vacancies of IBPS Clerk 2018 state-wise and bank-wise. The IBPS Clerk exam is conducted every year in order to recruit for the vacant clerk posts in the Indian banks. IBPS has released the IBPS Clerk notification in September 2018 with 7275 vacancies. The IBPS Clerk Vacancy released for the post of Clerk-VIII.

IBPS Clerk Salary Structure in Details

IBPS Clerk Salary and Perks

Facilities Places with Population > 45 lakhs Below 45 Lakhs
Basic Pay Rs.11765 Rs.11765
Special Allowance Rs.911 Rs.911
DA Rs.5311 Rs.5311
Transport Allowance Rs.425 Rs.425
Total (without HRA) Rs.18413 Rs.18413
HRA Rs.1176 Rs.1058
Gross with HRA Rs.19589 Rs.19472

Dearness Allowance (DA):

Dearness allowance is 4% of basic pay and revised Quarterly for every 3 months which is  based on banks.

Housing Allowance (HRA):

HRA – House Rental Allowance will be  9% to 7% from the basic salary. It may be vary based on place of posting.

Cities HRA%
Metro Cities 8.5
Cities With Population More Than 5 Lakhs 7.5
Other Cities 6.5
  • Special Allowance – 7.5%
  • After Completion of one year service, you will get an increment of Rs 400 and Rs 500 for 2nd year.

Travel Allowance (TA):

Reimbursement of Official travel will be applicable for IBPS Clerk

Medical Allowance: 

Medical allowance is paid annually. And for a clerk, it is fixed at Rs 2000.

Note: Salary is based on Public Sector banks revised banking norms only. It is to be noted that the promotion of an individual is judged by the performance of an individual.

IBPS Clerk Mock Test Series