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 has been released tentatively on September 1. 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 Clerk Exam Mains Exam date announced. IBPS Clerk Admit Card to be released in November for prelims exam. Check the IBPS previous year question papers for better preparation

IBPS Clerk 2020 prelims will be conducted on December 5, 12 and 13 . As per the IBPS Clerk exam dates 2020 candidates can download admit cards for the prelims exam from November 18. 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

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

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.

Read More:

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IBPS Clerk Eligibility Criteria 2020

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IBPS Clerk Syllabus 2020