IBPS Clerk Salary 2020 - Detailed Pay Scale, Allowances & Job Profile
IBPS Clerk Salary 2020 - Institute of Banking Personnel Selection (IBPS) has determined the IBPS Clerk 2020 salary for candidates qualifying as Clerks. The salary structure will be provided in the official IBPS Clerk 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.
Latest: IBPS has announced final IBPS Clerk result 2019-20 on May 20. Download till June 30
IBPS Clerk 2020 prelims 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.
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
Salary of IBPS Clerk at places with population more than 45 lakhs
Salary of IBPS Clerk at places with population less than 45 lakhs
House rent allowance
Net salary after all deductions
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.
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.
Assistant General Manager
Deputy 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
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 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 - Detailed Pay Scale, Allowances & Job Profile
Question: What is the average salary of a bank clerk in India?
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?
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?
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?
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?
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?
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?
Candidates can download IBPS Clerk admit card 2020 tentatively from November 26, 2020.
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Questions related to IBPS Clerk
respected sir my DOB is 6 feb 1992 am I eligible for ibps clerk 2020-21 and sbi clerk 2021 please reply
Please check out that eligiblity criteria on website you will know about age criteria then calculate your own age if it fulfill that criteria then you're eligible for that exam
hello sir I am born on 6 feb 1992 .am I eligible for applying for IBPS clerk 2020-21 and sbi clerk 2021
The upper age limit for IBPS clerk is 28 years as on September 1, 2020. So you are eligible for IBPS Clerk 2020. In 2021 your age will be 29 years as on September 1, 2021 which makes you ineligible but there are relaxations given for reserved categories. So check the following relaxation reservation wise
- OBC-NCL: 3 years Relaxation
- SC/ST: 5 years Relaxation
- PWD:10 years Relaxation
- Widows, Divorced women, women legally separated who have not remarried :9 years Relaxation
- Domicile of J&K from January 1, 1980- December 31, 1989: 5 years Relaxation
- Persons affected from 1984 riots: 5 years Relaxation
- Regular employees of union carbide factory, Bhopal retrenched from service( only applicable for Madhya Pradesh): 5 years
So, if you belong to any of these categories then you can claim relaxation. Relaxation is given for Upper age limit.
i cleared ibps clerk exam in ews category .the notification comes of the exam in oct 2019 and result comes may 2020 and i have ews certificate of the financial year 2020-21 is this valid for DV or not please let me know i am very confused.
As per you have mentioned that you cleared IBPS examination e w s category. You should have a ews certificate for interview. As the result will come out at 2020 I think ews certificate for 2020-21 is enough. Best of luck for your future. hope this will help you
Recently i m sellectd for ibps clerk mains.while applying for the exam i mentioned my work experiance in application form but i did not get noc from my employer.Is there any problem for document verification if i didnt submitted my noc n work experience ???
I would like to say that you should try to get the NOC as fast as possible because not in the first day but within 6 weeks of joining the position you will be asked to submit all the certificates for authentication, failing to which can hamper your credits being added to your profile. Please try and get the NOC and submit in your office.
Congratulations on your achievement!
Im appearing in last year of graduation. can i face ibps clerck exam?
Candidates who are in final year of their graduation appearing in qualifying exam in 2020 must obtain their results on or by August 28, 2020.You are eligible to apply.If you qualify in the exam your bachelor's degree results must be declared by the above mentioned date.If not you will be not eligible for further stage of recruitment process even if you qualify.