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|
|Total (without HRA)||Rs.18413||Rs.18413|
|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 With Population More Than 5 Lakhs||7.5|
- 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 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.