IBPS Clerk Salary 2020 - Institute of Banking Personnel Selection (IBPS) provides IBPS Clerk 2020 salary in the official notification which is expected to be released tentatively on September 12. Candidates can check the salary of IBPS Clerk 2020 to check how much they will be paid after joining. IBPS Clerk salary 2020 comprises basic pay and other allowances as applicable. The allowances that candidates will get with IBPS Clerk 2020 salary are special allowance, dearness allowance, house rent allowance and medical allowance. Candidates must note that allowances may vary as per the job location of IBPS Clerk. As per the IBPS Clerk salary 2020 candidates will get Rs. 11,765 as basic pay in the scale of 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540. For more details, candidates can check IBPS Clerk 2020 salary from the article below.

IBPS Clerk Salary 2020

The prelims exam of IBPS Clerk 2020 will be conducted tentatively on December 12, 13 and 19. As per the IBPS Clerk exam dates 2020 candidates can download admit cards for the prelims exam from November 26. Candidates who clear the prelims exam will be called for the mains exam.

What is in hand IBPS Clerk Salary 2020?

The salary of IBPS Clerk after all the deduction and including all the allowances is called in in-hand salary. After joining the IBPS Clerk will get Rs. 19,400 to 19,600 as salary amount.

IBPS Clerk Basic Pay 2020

The basic pay of IBPS is the amount that employees get excluding all the perks and allowances. All the deductions are not considered in the basic pay of IBPS Clerk.

IBPS Clerk 2020 Salary Allowances

Along with the IBPS Clerk 2020 salary employee will also get applicable allowances. A list of all the allowances in IBPS Clerk 2020 salary is mentioned below.

  • Travel allowance: The TA in IBPS Clerk salary 2020 includes expenses of official tours. All the TA amount is reimbursed by the bank.

  • Dearness allowance: The DA is 4% of the basic pay of IBPS Clerk 2020 salary. DA of the employee is revised quarterly.

  • Special allowance

  • House rent allowance: The HRA in the salary of IBPS Clerk salary is decided on the basis of certain factors, such as the city in which the employee resides. For metro cities employees will get 8.5% of basic pay as HRA. In case of cities with a population of more than 5 lakh will get 7.5% as HRA. If an employee is residing in a city other than mentioned above then HRA will be 6.5% of basic pay.

  • Medical allowance: Employee will get Rs. 2000 per annum as medical allowance in the salary of IBPS Clerk salary

IBPS Clerk Salary Structure 2020

The salary of IBPS Clerk 2020 is calculated including all the perks and allowances. The in-hand salary is calculated after all the deductions like income tax and other funds. Candidates must note that in hand salary may vary as per the bank allotted to them. For detailed breakdown of IBPS Clerk Salary 2020 candidates can check the table given below.

IBPS Clerk 2020 Salary Per Month

Particulars

Salary of IBPS Clerk at places with population more than 45 lakhs

Salary of IBPS Clerk at places with population less than 45 lakhs

Basic pay

11765

11765

Travel allowance

425

425

Dearness allowance

5311

5311

Special allowance

911

911

House rent allowance

1176

1058

Net salary after all deductions

19588

19470

IBPS Clerk Salary Increments

  • After joining the basic pay of IBPS Clerk is Rs. 11765/- per month.

  • For the next 3 years employees will get an annual increment of Rs. 655/-. The IBPS Clerk salary 2020 basic pay will be Rs. 13730/- per month.

  • The salary of IBPS Clerk after 5 years will be Rs. 15360.

  • The basic pay of IBPS Clerk 2020 salary after the next 6 years will be Rs. 16175/- with annual increment of Rs. 815/-.

  • For the next 4 years employees will get an annual increment of Rs. 980/-. The IBPS Clerk salary basic pay after 10 years will be Rs. 20095/- per month.

  • The basic pay of IBPS Clerk salary 2020 after the next 13 years will be Rs. 28110/- with annual increment of Rs. 1145/-.

  • For the next 1 year employees will get an annual increment of Rs. 2120/-. The IBPS Clerk salary basic pay after 14 years will be Rs. 30230/- per month.

  • The basic pay of IBPS Clerk after the next 1 year will be Rs. 31540/- with annual increment of Rs. 1310/-.

Hence the IBPS Clerk 2020 salary after 15 years of service will be Rs. 31540/- per month with perks and allowances.

Various Departments in which IBPS Clerk Work

There are various departments in which IBPS Clerk works. A list of all the departments in which IBPS Clerk work is given below.

  • Interest

  • Loan

  • Statement

  • Exchange

  • Security

  • Bookkeeping

IBPS Clerk Roles and Responsibility 2020

  • Provides information about various schemes to customers.

  • Verification of documents and solving customer queries.

  • Maintains documents and balance sheets.

  • Issue demand draft and other documents to customers

  • Maintains a database of all bank accounts.

IBPS Clerk 2020 Salary - Promotions And Growth Opportunities

There are lots of opportunities in the IBPS Clerk job profile. Candidates can get promotions with experience and maintain a good working profile. The promotions and growth opportunities that IBPS Clerk will get are given below.

  • Bank Clerk

  • Officer/Assistant Manager

  • Manager

  • Senior Manager

  • Chief Manager

  • Assistant General Manager

  • Deputy General Manager

  • General Manager.

In the IBPS Clerk job profile, a minimum of 2 years of service is required for the promotion. Employees will get promotions through two processes mentioned below.

Normal process: Under this process, the employee does not require JAIIB and CAIIB Diploma. Promotion is given on the basis of performance and experience. A written exam is also conducted internally for the promotion. After clearing the written exam Clerk is promoted to Trainee Officer and then Probationary Officer.

Merit-based process: Under this process, candidates must hold a diploma in Junior Associate of the Indian Institute of Bankers (JAIIB) and Certified Associate of Indian Institute of Bankers (CAIIB) from the Indian Institute of Banking and Finance for the promotions.

IBPS Clerk Selection Process 2020

There are three stages in the selection process of IBPS Clerk 2020 - prelims exam, mains exam and document verification. Candidates first need to appear for the prelims exam. Those candidates who clear the prelims examination will be called for the mains exam. Qualified candidates from the mains exam will be called for document verification after the declaration of IBPS Clerk result.

How To Prepare For IBPS Clerk

  • 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 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 time table accordingly to boost your preparation.

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

Frequently Asked Question (FAQs) - IBPS Clerk Salary 2020

Question: What is the average salary of a bank clerk in India?

Answer:

The average salary of IBPS Clerk including all the allowances is Rs. 11500 to Rs. 12000.

Question: What is the difference between IBPS PO and IBPS clerk salary?

Answer:

The basic pay of IBPS Clerk is Rs. 11765 whereas IBPS PO basic pay is Rs. 23,700.

Question: What is in hand salary of IBPS Clerk?

Answer:

The basic pay of IBPS Clerk is Rs.1176. However, after considering all the allowances and perks IBPS Clerk in hand salary is Rs. 19588.

Question: How much travel allowance did employees get in IBPS Clerk?

Answer:

Candidates will get Rs. 415 as travel allowance during the job. However, for additional trips organization will reimburse all the expenses.

Question: What is the date of IBPS Clerk result?

Answer:

Conducting authorities will release IBPS Clerk result for prelims tentatively on January 2, 2020.

Question: What is the application fee of the IBPS Clerk application form?

Answer:

General category candidates have to pay Rs. 600/- while candidates belonging to reserved category have to pay Rs. 100 to fill the IBPS Clerk 2020 application form.

Question: When can I download the admit card of IBPS Clerk?

Answer:

Candidates can download IBPS Clerk admit card 2020 tentatively from November 26, 2020.

IBPS Clerk Updates and Articles

Questions related to IBPS Clerk

Showing 115 out of 115 Questions
51 Views

i want to know about nimset and preparing for 2021

Hrisheekesh Singh 19th Feb, 2020

Hi Bibhas,

NIT MCA Common Entrance Test (NIMCET), is the national level entrance exam conducted every year by one of the National Institutes of Technology (NITs) for taking admissions on merit basis to Master of Computer Applications (MCA) programme.

This exam works across the NITs located in Agartala, Allahabad, Kurukshetra, Calicut, Raipur, Warangal, Surathkal, Durgapur, Trichy, Jamshedpur, Bhopal and Kurukshetra.

The application form of NIMCET 2020 will be released soon through which the candidates can fill the form and appear in the entrance exam. NIMCET admit card will also be released to be downloaded by candidates. The exam will be conducted in offline mode and the result of the same will be declared on the official website of NIMCET 2020.

Total 809 seats are available and duration of exam is 2 hours.

NOTE:- NIMCET scores are used by many other universities and institutes for admissions to the MCA programmes offered by them.

You may refer to the source article for more information about NIMCET 2020 Exam.

I hope this information helps you.

Good Luck!

9 Views

What is the graduation percentage needed for taking admission?

Papeya Dubey Student Expert 14th Feb, 2020
Hello,

When it comes to IBPS Clerk, there's no specific aggregate required for graduation. One just needs to have passed graduation in any discipline from a recognized university

Apart from this, it's imperative to have proficiency in official language of the state or union territory for which one has applied.
2 Views

how do I check my result of ibps clerk IX ? please let me know the website?

Neha Tiwari 1st Jan, 2020

Hello,

Institute of Banking Personnel Selection (IBPS) has Recently Uploaded Pre Exam Result for the Post of Clerk IX Recruitment 2019. Those Candidates Who have Applied for this Recruitment Exam can Download Pre Exam Result from the  website www.ibps.in.

Hope this helps!!

2 Views

how to do registration in website for ibps examination

Aditya kumar Student Expert 14th Nov, 2019
Hello there!

Greetings!

Follow the below steps to register for ibps examination :-

1. Registration :-

  • You should first visit the official website of IBPS www.ibps.in and then s elect your post column from the left sidebar and enter .Now click on Apply Online link.
  • In the next window, you need to submit your new registration details to generate registration id and password. (It also sent to your registered email ID) .After getting registration id and password login to fill IBPS Online Application form.

2.Filling up Online Application

  • After login, choose the application form which you want to apply. Click on it. Now submit all required details carefully Specially Double Check (Name / DOB / Passing % / Passing Year / Exam Center)


3. Uploading of Scanned Docs

You need to upload Photo and signature scanned copy in the required size .(you must scan both photo and signature in required size and format before applying the form)

Step 4. Online Payment of Fee

After successfully uploading , you need to pay fees ,for paying fees online you can use your debit/credit/net banking.Now fill all necessary details which required paying fees online.

Step 5. Finalize the Application :-

  • After full payment process once again properly check your filled IBPS application form details .If required make changes in it. After properly check now click on submit button.

Step 6. Printing of Finalized Online Application Form

  • After successfully submitting the IBPS application form, you must  take print out of it .Also, save it on your computer as this is the proof of your filled application formKeep this form safe for future use.

Thankyou
4 Views

HELLO SIR , I HAVE CAST CERTIFICATE BUT NO CAST VAILIDITY CERTIFICATE CAN I STILL APPLY FOR IBPS CLERK EXAME

Sharon Rose Student Expert 9th Nov, 2019
Hello Arti,
At the time of filling your application for IBPS PO CLERK exam you are not asked to provide caste certificate.You have to enter primary details like your name, email id contact number etc and upload a scanned passport size photo and signature and a written declaration note.
But at the time of counselling you need to carry your caste certificate along with other required. SC/ST/OBC candidates must provide caste certificate issued by the competent authority in the prescribed format by Government of India.This is just enough.
I hope this is helpful to you.

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