An IBPS Clerk (also referred to as Customer Service Associate) is placed in the Clerical Cadre and receives pay according to the latest Bipartite Settlement Pay Scale.
- Basic Pay (Starting): The initial Basic Pay is approximately ₹24,050/- (as per the latest Bipartite Settlement, subject to the official notification's rules).
- Pay Scale (Example Progression): The current pay scale generally starts at ₹24050 and includes increments over a period of service, reaching a maximum basic pay of approximately ₹64,480.
- Major Allowances: These significantly enhance the gross monthly salary:
Dearness Allowance (DA): Based on the Consumer Price Index (CPI) and revised quarterly.
House Rent Allowance (HRA): Varies by posting location (City Classification X, Y, or Z), ranging from approximately 6.5% to 8.5% of Basic Pay.
Special Allowance (SA): An additional fixed component.
Transport Allowance (TA): Fixed monthly allowance.
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Other Perks: Medical Aid/Allowance (annual) and Newspaper Allowance, subject to the specific bank's policies.
- Clarification: The gross monthly emoluments, including all allowances, typically range between ₹37,000/- to ₹40,000/- at the time of initial joining, depending heavily on the city of posting.