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IBPS Clerk Salary 2024 - Check Detailed Pay Scale, Allowances & Job Profile

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IBPS Clerk Salary 2024 - Check Detailed Pay Scale, Allowances & Job Profile

Edited By Soujanya K | Updated on Mar 15, 2024 10:19 AM IST | #IBPS Clerk
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IBPS releases the details of IBPS Clerk 2024 salary in the official notification. The IBPS Notification 2024 will be released in online mode at ibps.in. Candidates applying for the IBPS Clerk exam 2024 and interested in the post of clerk can find salary details in the article below.

Candidates who clear the exam get recruited for clerical post in the participating bank of their choice. The basic pay in the IBPS clerk salary 2024 is specified to be Rs 19,900. IBPS clerks are also given annual increments on their salary.

IBPS Clerk Salary 2024- Promotion/Growth Opportunities

Candidates can apply for the post of Probation ary officer (IBPS PO) after 2 years of working in a clerk post. Probationary Officers have a higher pay than te IBPS Clerk Salary 2024. Candidates are also regularly promoted based either normally (based on seniority) or based on their performance and merit. Candidates having JAIIB and CAIIB credentials from the Indian Institute of Banking and Finance will be promoted under through a Merit-Based Process.

IBPS Clerk Salary 2024- Job Profile, Roles and Responsibilities

IBPS Clerk offers chances for personal and professional advancement in addition to a competitive salary. IBPS Clerks are an important part of every bank's business because they interact with customers on a daily basis. To put it another way, they act as a bridge between the bank and its consumers. For the seamless operation of the bank, IBPS Clerks are required to accomplish their duties in several departments such as Data Entry, Accounts, Loans, and so on. The following are the responsibilities of an IBPS Clerk:

  1. Updating of Passbooks

  2. Issuing passbooks, cash receipts, etc.

  3. Resolving customer issues

  4. Informing customers about new bank schemes and government policies

  5. Sanctioning cash withdrawals

  6. Documents verification

  7. Safe-keeping of important documents and bank cash

  8. Sanctioning cash withdrawals

  9. Maintaining balance sheets

Other Government Exams Salary

IBPS Clerk Salary 2024

The basic pay of IBPS Clerks under IBPS Clerk salary 2024 is Rupees 19,900/-. The pay scale for the first three years is 11765-655. The first increment in the salary of IBPS Clerk 2024 will be provided after 3 years.

IBPS Clerk Salary 2024- Increments in the Basic pay

IBPS Clerk Salary 2024 initial basic pay

Rs 19,900 with a yearly increment of Rs 1,000 for three years

IBPS Clerk Salary 2024 basic pay after the first 3 years

Rs 20,900, with a yearly increment of Rs 1,230 for the next three years

IBPS Clerk Salary 2024 basic pay after the next 3 years

Rs 24,590, with a yearly increment of Rs 1,490 for the next four years

IBPS Clerk Salary 2024 basic pay after the next 4 years

Rs 30,550, with a yearly increment of Rs 1,730 for the next 7 years

IBPS Clerk Salary 2024 basic pay after the next 7 years

Rs 42,600, with a yearly increment of Rs 3,270 for the next year

IBPS Clerk Salary 2024 basic pay after the next 1 year

Rs 45,930, with a yearly increment of Rs 1,990 for the next year

IBPS Clerk Salary 2024 basic pay after the next after next year

Rs 47,920 (maximum pay)

Check Here List of Other Government Exams

Salary of IBPS Clerk 2024- Allowances

IBPS provides other benefits options along with the IBPS Clerk 2024 salary, which is one of the important factors that fascinate a lot of candidates. Along with the basic pay, there are several allowances made in the IBPS Clerk salary 2024 as given in the table below.

IBPS Clerk Salary Allowances

Allowance

Metro Cities

Cities with More Than 5 Lakhs Population

Other Cities

House rent allowance (HRA)

8.5% of the Basic Pay

7.5% of the Basic Pay


6.5% of the Basic Pay


Travel

Rs 425/-

Special Allowance

7.5% of the Basic Pay (increased by Rs 400 to Rs 500 after 3 years)

Dearness Allowance (DA)

4% of the Basic Pay(Varies according to CPI after every 3 months)

Medical Allowance

Rs 2000/- per year

IBPS Clerk salary 2024- In Hand

Particulars

Salary Breakdown

Basic pay

Rs 19,900

House Rent Allowance (HRA)

Rs 2039.75

Travel Allowances

Rs 757.08

Dearness Allowance(DA)

Rs 5209.82

Special Allowance

Rs 4,118

Total

Rs 29,453.67

How To Prepare For IBPS Clerk 2024

In order to know how to prepare for IBPS Clerk, candidates must go through the following points:

  • Read newspapers daily to prepare current affairs and reading comprehension.

  • As per the IBPS Clerk syllabus candidates must have financial and general awareness knowledge.

  • Solve previous year IBPS Clerk question papers for effective preparations.

  • Solve online mock tests to boost your speed of solving questions.

  • Check all the chapters and topics from the IBPS Clerk exam pattern and prepare a timetable accordingly to boost your preparation.

  • Check IBPS Cut off for previous year trends. It will help you to figure out good attempts.

IBPS Clerk Selection Process 2024

The prelims test, mains test, and document verification are the three stages of the IBPS Clerk 2024 selection process. Candidates must take the preliminary exam. Candidates who pass the preliminary examination will be invited to take the main examination. Following the announcement of the IBPS Clerk result, qualified candidates from the main exam will be invited for document verification.

Frequently Asked Question (FAQs)

1. What is the starting salary of IBPS Clerk?

The starting IBPS Clerk 2024 salary is Rs.19,000 to Rs.22,000. This will increase with promotions and the years spent at the job. 

2. Which is better Clerk or PO?

IBPS PO receives a higher salary than that of IBPS Clerk. 

3. Is IBPS Clerk a good job?

Yes, IBPS clerk is a good job with a lot of opportunities and growth. 

4. Can an IBPS Clerk become a PO?

After two years of working as an IBPS clerk, candidates can apply for the position of probationary officer. 

5. What is an IBPS Clerk's in-hand salary?

An IBPS Clerk's monthly In-Hand Salary ranges from Rs.19,000 to Rs.22,000 at the entry-level. The salary, on the other hand, rises with the number of years spent on the job.

6. How can an IBPS Clerk advance to the next level?

An IBPS Clerk can be promoted in one of two ways: through the normal/seniority route or through the merit-based/fast track process.

7. Apart from the money, what are the other advantages that an IBPS Clerk receives?

To name a few benefits, an IBPS Clerk is eligible for DA, HRA, Medical, Travel, and Transport Allowances.

8. What is an IBPS clerk's starting salary?

An IBPS Clerk's minimum pay is Rs 19,900, with a maximum pay of Rs 31540.

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Questions related to IBPS Clerk

Have a question related to IBPS Clerk ?

Hello Aspirant,

No you are not eligible for either SBI Clerk or IBPS PO if you belongs to Unreserved or General category because currently your age is more than 32 years if you was born in 1991 and for SBI Clerk maximum age limit is 28 years and for IBPS Clerk as well it is 20-28 years.


ELIGIBILITY CRITERIA FOR SBI/IBPS CLERK :-

>>>>> Age of the candidate should be in the range of 20-28 years with relaxation of 5 years for SC/ST category and 3 years for OBC category.

>>>>> The candidate should have at least graduation degree in any discipline including B.Tech./BA/B.Com..... and so on. However the candidates in final year of graduation are also eligible to apply for SBI Clerk but not for IBPS Clerk.

>>>>> For General category maximum number of attempts allowed are 4.


For detailed eligibility criteria of SBI Clerk kindly check out the link given below :-

SBI Clerk Eligibility Criteria 2022 - Age, Education, Nationality, Attempt limit (careers360.com)


For detailed eligibility criteria of IBPS Clerk kindly check out the link given below :-

IBPS Clerk Eligibility Criteria 2021 - Age Limit, Qualification, Nationality (careers360.com)


I hope this information helps you.

Good Luck!!

Hi Aspirant,

Hope you are doing great.

No, you won't be able to appear for the IBPS Clerk and RRB clerk exam because the basic requirement for these posts is that you must have passed a bachelor's degree from a recognized university. Graduation is a prerequisite for both these posts. The syllabus of the IBPS clerk exam is given below.

  • English language
  • numerical ability
  • reasoning

IBPS clerk syllabus for mains.

  • general awareness, financial awareness
  • reasoning ability, computer aptitude
  • quantitative aptitude
  • English language

For more information: https://competition.careers360.com/articles/ibps-clerk-eligibility-criteria



Hope this helps.


Hi aspirant,

According to the current eligibility criteria set up for IBPS Clerk examination, a candidate needs to age between 20 to 28 years. In addition to this he or she must be a graduate from any domain. So following that you would be eligible to appear for the Clerk examination for one final time in 2022.

Hope it helps!

Hello Aspirant.

Hope you are doing well.

Yes, you are eligible that is you can apply for the IBPS clerk exam 2022 according to your age. Because the maximum age limit for the candidate is 28 years and the minimum is 20 years but the maximum age limit differs or there is some relaxation in the age limit for the people who belong to the certain reservation categories.

FOR MORE PLEASE CLICK ON THE LINK GIVEN BELOW;

https://www.google.com/url?sa=t&source=web&rct=j&url=https://competition.careers360.com/exams/ibps-po/amp&ved=2ahUKEwjIi9aOpe_0AhVQE6YKHbJDD_cQFnoECAUQAQ&usg=AOvVaw1VuS1LY0py120wQEWaYwXg

GOOD LUCK, STAY MOTIVATED AND HOPE THIS HELPS.

Thankyou.

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Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
ITSM Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
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