IBPS Clerk recruitment offers an opportunity to work in the clerical cadre of participating public sector banks.
The salary is determined by the applicable banking wage settlement and the service rules of the participating bank.
IBPS Clerk Basic Pay and Salary Structure
The clerical cadre pay scale notified for the recruitment is:
₹24,050 – ₹64,480
The applicable salary structure includes basic pay and eligible allowances.
| Salary Component | Description |
|---|---|
| Basic Pay | Fixed pay determined by the clerical cadre pay scale |
| Dearness Allowance (DA) | Allowance revised according to the applicable wage settlement |
| House Rent Allowance (HRA) | Payable according to the posting location and applicable rules |
| Special Allowance | Payable under the applicable banking wage settlement |
| Transport Allowance | Applicable where permitted under bank rules |
| Other Benefits | Additional benefits according to participating bank service rules |
The actual salary depends on the employee's pay stage, location, allowances and applicable deductions.
What Is the In-Hand Salary of an IBPS Clerk?
The in-hand salary is the amount credited to the employee's bank account after applicable deductions.
It depends on several factors, including:
-
Basic pay
-
Dearness allowance
-
House rent allowance
-
Special allowance
-
Posting location
-
Retirement contributions
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Income tax and other applicable deductions
Therefore, the monthly take-home salary may differ among employees working in different cities and participating banks.
Candidates should refer to the current bank wage settlement for exact salary details.
Benefits of Becoming an IBPS Clerk
Apart from the monthly salary, eligible employees may receive several benefits under the applicable banking service rules.
These may include:
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Dearness Allowance
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House Rent Allowance or eligible accommodation facilities
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Medical benefits
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Leave and leave travel benefits
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Retirement-related benefits
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Festival and other applicable allowances
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Career growth opportunities
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Training and professional development
The availability and amount of these benefits depend on the participating bank and applicable service regulations.