IBPS Clerk Salary In Hand 2021: Details regarding the IBPS Clerk Salary 2021, Basic Pay Scale, Salary Structure, Allowances, Job Profile, and Promotion are available here!!! Banking aspirants preparing for the IBPS Clerk exams shall go through this article fully and know the complete details on IBPS clerk salary 2021 after the 11th bipartite settlement. Apart from the IBPS clerk salary in hand 2021, know more about job profile & allowances. Every year the Institute of Banking and personnel selection releases the official notification for the recruitment of Bank clerk jobs. A total of 5830 vacancies has been announced for IBPS Clerk Recruitment 2021. The IBPS Clerk has a great demand among the banking aspirants. The reason for that is the IBPS clerk salary after 5 years will be a huge sum after the addition of yearly increments. Also, in the IBPS clerk salary slip 2021, you can notice various allowances and perks. This makes the IBPS clerk salary structure 2021, a huge amount.
IBPS Clerk is an entry-level position in public sector banks. The IBPS Clerk jobs come up with a decent pay scale and consistent career growth and promotions. But before that many of the candidates don’t have a clear vision about the salary for IBPS clerk?’ To clarify your doubts here in this article we have given the complete details in clear-cut. Along with that we have clearly mentioned the IBPS clerk salary in hand 2021. If the aspirants have a clear idea of the salary details then it will make them prepare dedicatedly and get success on their career path. So your work is to start preparing for the exam with a planned streamline to grab this wonderful job.
IBPS Clerk Salary 2021:
The IBPS Clerk salary in hand 2021 details is available in the table.
|Facilities||Places with Population > 45 lakhs||Below 45 Lakhs|
|Total (without HRA)||Rs.18413||Rs.18413|
|Gross with HRA||Rs.19589||Rs.19472|
IBPS Clerk Salary Increment Per Year:
The increments in the IBPS clerk salary 2021 after the 11th bipartite settlement is here.
- IBPS Clerk Salary Structure 2021: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
- The minimum basic pay scale of an IBPS Clerk is Rs. 11,765/- and the maximum goes to Rs. 31,540.
|IBPS Clerk Initial Basic Salary||Rs 11765 with a yearly increment of Rs 655 for 3 years.|
|Basic Salary after 3 years||Rs. 13,730 with a yearly increment of Rs 815 for the next 3 years.|
|Basic Salary after the next 3 years||Rs. 16,175 with a yearly increment of Rs 980 for the next 4 years.|
|Basic Salary after the next 4 years||Rs. 20,095 with a yearly increment of Rs 1145 for the next 7 years.|
|Basic Salary after the next 7 years||Rs. 28,110 with a yearly increment of Rs 2,120 for the next 1 year.|
|Basic Salary after the next 1 year||Rs. 30,230 with a yearly increment of Rs 1310 for the next 1 year.|
|Basic Salary after next year||Rs. 31,540 (maximum Basic Pay).|
IBPS Clerk Allowances:
Besides the IBPS clerk salary 2021 in hand, there will be various allowances. As per the norms, the IBPS Clerk allowances details are given below,
- Dearness allowance (DA) – The dearness allowance will be 4% of the basic pay. The value of the dearness allowance will vary according to the Consumer Price Index (CPI). It is notable that for every 3 months the consumer price index will be revised
- Housing Rent Allowance (HRA): It will be in the range of 7% to 9% of the basic pay. It may vary according to the place of posting.
|Cities With Population More Than 5 Lakhs||7.5|
- Medical allowance – For IBPS Clerk Rs. 2000 per annum is the fixed amount provided as the medical allowance.
- Special Allowance – It will be 7.5% of the IBPS clerk basic salary. After one year it will have an increment in the range of Rs.400 to 500.
- Travel Allowance – The travel expenses will be reimbursed by the bank.
IBPS Clerk Salary 2021 In Hand at entry-level varies from Rs.19,000/- to Rs.22,000/- per month. However, the salary increases with the years in service.
IBPS Clerk Job Profile:
IBPS Clerk Job profile consists of the following Roles and Responsibilities. After joining as a clerk in any public sector bank you have the roles and responsibilities to do. A person in the clerical cadre is the primary one who is responsible for the banking-related queries and issues. The clerk’s job is known as a single-window operator because they deal with the front desk work and customer handling operations. Apart from the IBPS clerk salary 2021 in hand, it is also important to know the job profile.
|1||A clerk also deals with opening new accounts, cash collection, issuing bank statements, and handling mails and delivery.|
|2||Updating the passbooks of account holders|
|3||To manage inquiry corners, receipts, withdrawal, etc.|
|4||Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc.|
|5||Providing guidance to customers relating to various banking activities|
|6||Maintaining the various documents of the bank, balance sheets, ledger, etc.|
|7||Attending to treasury works|
|8||Verification of various documents and proofs submitted by the customers|
|9||Sanctioning of withdrawals by the customers|
|10||Resolving the various issues of the customers|
|11||Responsible for bank cash, various important documents, keys, etc.|
IBPS Clerk Promotion & Career Growth:
As you get promotions, the IBPS clerk salary 2021 in hand will also rise. Aspirants after getting into the bank career, are expecting the rewards in the form of increment and promotion. IBPS Clerk comes up with consistent career growth and promotion along with a good salary, permanent job, and other perks. As a bank clerk, based on the performance and contribution to the bank, there are many chances of growth. When a person works as a bank clerk he learns the different ways of bank functions and chances to prove their skill and ability. A clerk has to serve for a minimum period of 2 years or 3 years in some banks then only they will be eligible for the promotion. Promotions are given the following two processes:
- Normal/Seniority process
- Merit-based/Fast track process
Normal Process: IBPS Clerks are given promotions based on their experience and seniority. However, they will have to clear the written exam conducted internally. Candidates who get promotions through this process don’t need JAIIB and CAIIB diplomas.
Merit-Based Process: Under this, the candidates must hold JAIIB and CAIIB diplomas from the Indian Institute of Banking and Finance (IIBF).
Those who join through the PO Programme will get directly as an Assistant Manager cadre post-confirmation as Management Trainee.
|Scale 1||Assistant Manager|
|Scale 3||Senior Manager|
|Scale 4||Chief Manager|
|Scale 5||Assistant General Manager|
|Scale 6||Deputy General Manager|
|Scale 7||General Manager|