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IBPS Clerk Salary 2024: In-Hand Salary, Salary Structure, Job Profile, Description & Allowances

The Banking Personnel Selection Agency conducts the IBPS Clerks CRP Examination to select eligible candidates for posting as Clerks in various PSBs. The board fixes the remuneration of newly appointed IBPS secretaries. The starting salary of an IBPS clerk is Rs. 19,900, with an initial maximum salary of Rs. 47,920 shares. Candidates will only receive partial compensation during the training period. In other words, after training and due allocation, the approved salary will be credited to their account. This article mentions the IBPS Secretary’s Salary, Pay Scale, Allowances, Performance, and Promotion.

IBPS Clerk Salary 2024

The Institute of Banking Personnel Selection (IBPS) has made the IBPS Clerk Salary in Hand details available along with the announcement. IBPS registrars offer a wide range of jobs in addition to the highest IBPS clerk salaries in 2024, as IBPS announced the appointment of 12 CRP registrars in various banks. The Banking Staff Selection Institute offers a very attractive IBPS Clerk Salary, making this exam one of the most sought-after. IBPS Secretary Salary 2024 includes DA, HRA, Medical, Special, and Travel Allowance. Each nominee must complete a probationary period of six months.

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IBPS Clerk Salary Structure 2024

IBPS Clerk Salary Structure 2024
Basic PayRs.19,900/-
Dearness AllowanceRs.5209.82/-
Special AllowanceRs.4118/-
Transport AllowanceRs.757.08/-
CCARs.0/-
House Rent Allowance(HRA)Rs.2039.75/-
Gross PayRs.32,024.65/-
Deduction (NPS Fund, Union Fee)Rs.2570.98/-
Net PayRs.29453.67/-

IBPS Clerk Basic Pay Scale

We have mentioned a table below in which we have mentioned the pay scale of IBPS Clerks:

IBPS Clerk Pay Scale
Basic PayBasic pay after the next 4 years 
Initial Basic Pay Rs. 19,800 with a yearly increment of Rs. 1000 for 3 years.
Basic pay after 3 yearsRs. 20,800 with a yearly increment of Rs. 1240 for the next 3 years.
Basic pay after next 3 yearsRs. 24,600 with a yearly increment of Rs. 1496 for the next 4 years.
Rs, 47,930 is the maximum basic pay.Rs. 30,660 with a yearly increment of Rs. 1740 for the 7 years.
Basic pay after the next 7 yearsRs. 42,700 with a yearly increment of Rs. 3280 for the next year.
Basic pay after the next 1 yearRs. 45,940 with a yearly increment of Rs. 1990 for the next year.
Basic pay after next year 1 year Rs, 47,930 is the maximum basic pay.

IBPS Clerk Salary in Hand and Allowances 2024

The salaries and allowances for IBPS registrars are very lucrative. A clerk is eligible to earn more through IBPS. These funding rates are based on many variables, such as location, branch development, and other variables. The following is a list of several allowances offered to IBPS clerks:

IBPS Clerk Salary Allowances
Special AllowanceRs. 4119
Dearness AllowanceDA is 4 percent of the IBPF Clerk basic pay.DA depends on the CPI.
House Rent AllowanceThe HRA depends on the location of the posting. The HRA remains between 6.6% to 8.6% depending upon the location of the posting.
Travel AllowanceExpenses on official tours and travels will be refund by the bank.
Medical AllowanceFor IBPS clerks, the amount is fixed at rs. 2000.

IBPS Clerk Apply Online 2024

The following section describes the general pay scale of IBPS secretaries, Also Apply Here at IBPS Official Site, scholarships, career advancement opportunities, and the pay scale available:

IBPS Clerk Job Description 2024
Conducting AuthorityInstitute of Banking Personnel Selection (IBPS).
Name of the examIBPS Clerk CRP
PostClerical Cadre
Special allowances, dearness allowance, transport allowance, and house rent allowance.National
Application modeOnline
Vacancy4546
CategoryBank jobs
State of IBPS clerk examsMains and prelims exam
salaryRs. 20,000 to 47,930
AllowancesSpecial allowances, dearness allowance, transport allowance, and house rent allowance.

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IBPS Clerk Job Profile

Given the attractiveness of the benefits, perks, and salary, it seems logical that the job description would not be straightforward. The IBPS secretary job profile includes various services such as cash management, customer support, and accounting assistance. The first point of contact for banking-related questions and issues is the IBPS secretary. Because they oversee customer service and front-end operations, their job description is sometimes referred to as “Single Window Operator”

The Following are the Responsibilities of an IBPS clerk:

  • To oversee inquiry corners, payments, withdrawals, and so forth.
  • A clerk also handles financial institution statement issuance, cash collection, new account opening, mail management, and shipping.
  • Verify the server information and evidence that the customers have furnished.
  • Updating account holders’ passbooks.
  • There are numerous important documents, keys, and many others regarding bank cash.
  • Issuing coin receipts, call for drafts (DDs), patron financial institution debts, etc.
  • Prohibition of withdrawals via clients
  • Preserving up with the financial institution’s several facts, ledger, balance sheets, etc.
  • Resolving the clients’ various issues.
  • Helping clients with a variety of banking tasks.

IBPS Clerk Promotions

IBPS Clerk offers excellent advancement opportunities. There are many opportunities for advancement as a bank clerk, depending on his performance and contributions to the bank. Working as a bank clerk gives you the opportunity to prove your abilities and value and learn about the different ways banks operate. A clerk must work in a bank for at least three years—or two years in some cases—to be eligible to seek promotion. The below two methods are used for incrementing:

  1. Normal Process: JAIIB and CAIIB certificates are not required for promotions in this manner. IBPS registrars conduct written internal examinations and are ranked based on seniority and experience. IBPS registrars progress to Trainee Officer and finally Bank Examination Officer (PO) after clearing the written exam.
  2. Merit-Based Process: Candidates who wish to be selected for this program must possess JAIIB and CAIIB degrees from the Indian Bank. Candidates for the position of IBPS Clerk should keep preparing to compete in the exam. It is equally essential that all candidates understand the responsibilities and compensation of the position.

IBPS Clerk Career Growth

IBPS Registrar Career Promotion: Promotion is the first step in a career as an IBPS Registrar. After a set period and experience, a clerk can move into a higher position. Many positions offered in the stock market include lieutenant or assistant lieutenant, manager, and more. Career development can be supported through continuous skill development and improvement of knowledge in banking activities. Enrolling in seminars and training programs in banking and finance can raise your career prospects and open up new opportunities.

Conclusion

Anyone who has passed SBI and other bank recruitment exams will get another chance in 2024 with IBPS recruitment. Becoming an IBPS Secretary or Junior Associate in the banking industry is one of the most sought-after jobs. Qualified and motivated candidates for the clerk post are recruited through the Institute of Banking Personnel Selection (IBPS). The Commission will issue an IBPS secretary report, providing more information about the project and job functions.

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