Why IBPS Clerk Salary 2018 Different From Other Banks Starting In Hand After Revision

IBPS Clerk Salary

Today, banking sector has become one of the most fruitful job creating sectors of economy, this is going to be stay for years to come. Recruitment in banking sector is primarily done through IBPS. Institute of Banking Personnel Selection is going to scheduled IBPS Clerk 2018 exam for IBPS Clerk Recruitment at the end of the year. But before that, All should need to know about what will be the IBPS Clerk Salary? Why IBPS Clerk Salary is Different From Other Banks? Etc. And, you are also required to be familiar with IBPS Clerk Job Profile and IBPS Clerk Salary In Hand After Revision.

Well, the IBPS Clerk Salary Structure is Different from Other Banks, because, the bank, who recruits applicants through IBPS Exam, offers some additional allowances to an IBPS Clerk Officer. It can be the reason that everyone wants their career in the banking sector. Now, we’ll talk about allowances, grade pay, IBPS Clerk Salary After 7th Pay Commission, salary after 11th bipartite wage revision and IBPS Clerk Salary after Revision 2018 etc. Read this article very carefully which is well written by team of indguru.com.

IBPS Clerk Salary 2018 In Hand

After being selected for IBPS Clerk, you will have to go for training period. Under that, you’ll be required to learn all basic clerk job profile work for instance Handling deposit and withdrawal cash, Payment clearance, a daily record of balance, receipts collection, ledger maintenance and data entry works, etc.

IBPS Clerk Salary Details

Facilities Places with Population
> 45 lakhs < 45 Lakhs
Basic Pay Rs. 11765/-
Special Allowance Rs. 911.79/-
DA Rs. 5311.58/-
CCA Rs. 0/-
Transport Allowance Rs. 425/-
Total (without HRA) Rs. 18413.37/-
HRA Rs. 1176.5/- Rs.1058.85/-
Gross with HRA Rs. 19589.87/- Rs. 19472.22/-

In training Period, the IBPS Clerk 2018 Salary will not above Rs.10000 and Salary For IBPS Clerk will be dissimilar after recruitment in different IBPS Clerk participating banks according to the bank guidelines.

IBPS Clerk Salary and Allowance

Aspirants, who’ve applied for IBPS Clerk 2018 Exam, they should need to get complete information about Salary Structure Of IBPS Clerk and you also required to know about Other Benefits, perks Available to Bank Clerk. As per current updates, a Bank Clerk is allowed to acquire some allowances in addition to basic pay which is same in approximately all the Public Sector Banks in India. The Basic IBPS Clerk Salary Scale is Rs.11,765 – Rs.42,020, here Rs.11,765 is the Basic pay. Some main allowances that a Bank Clerk accepts are following:

Dearness Allowance (DA)

In Banking Job, Dearness Allowance is improved periodically and it is based on CPI as announced by the banks i.e. DA can go up with higher CPI and vice versa.

House Rent Allowance (HRA):

This differs according to Clerk’s place of posting and it can be 8.50%, 7.50% and 6.50% based on metros, big cities, and other locations.

Medical Allowance: This payment is paid once a year and for a clerk, it is fixed at Rs 2000.

Transport Allowance (TA):

  • It is also an bonus amount on Institute of Banking Personnel Selection Clerk take home salary.
  • IBPS Clerk In Hand Salary: Rs 19,461.

Check Out: IBPS Calendar

IBPS Bank Clerk Salary After 11th Bipartite Settlement

IBA Bipartite Settlement implements for improvement in wages and service conditions and most of the bank employees are waiting for it. After implementation of Bipartite Settlement, employees are expecting minimum increment to the basic pay 20% to 30%. Check from given table how much IBPS Clerk Salary after Revision…

Increment (%) Basic Pay (Salary Of IBPS Clerk) Total Gross Salary
15% Rs.14,733/- Rs.20,450/-.
20% Rs.15,374/- Rs.21,339/-
25% Rs.16,015/- Rs.22,228/
30% Rs.16,655/- Rs.23,117/-
7th Pay Commission Effect on IBPS Clerk Salary 2018

Some new changes have done in IBPS Clerk Salary Per Month. The reimbursement of Indian financiers (bankers) will be expanded by 2018. In fact, we all know that Seventh Pay Commission is good to go too implemented and with that the difference between Government representative compensation and financiers will be considerably more profound. The IBPS Clerk Salary 2018 / salary structure for bank jobs shall be applicable from 1/11/2017, as the former contract was dated 11/11/2012.

Get Here Details Of: IBPS Clerk Syllabus

IBPS Clerk New Salary Scale

When, you completing the Clerical training, you will be promoted for the post of Officer (as described below). After this promotion, IBPS CWE Clerk Salary is also increased according to the salary rules of banks. Check the stats that are given below to know the Salary After Clerk Promotion:

Clerk Grade New pay Scale
Starting Closing
Existing Basic Pay Rs. 11765/- Rs. 31540/-
Revised Basic Pay Rs. 30000 – Rs. 68900/-
Annual Increment 1500/3 – 1900/8 – 2400/8
IBPS Clerk Salary And Promotion

Banks, who come under Institute of Banking Personnel Selection (IBPS), assure the promotion of their employees from clerical cadre to officers within a year due to their performance. Consider this point, if you’re going to apply for Exams like the JAIIB (Junior Associate of the Indian Institute of Bankers) & CAIIB (Certified Association of the Indian Institute of Bankers) will also help you in climbing the promotion ladder. Now go through the stages of promotion given to you if you are selected as a Bank Clerk, take a look.

Bank Clerk
Officer/ Assistant Manager
Manager
Senior Manager
Chief Manager
Asst. General Manager
Deputy General Manager
General Manager
IBPS Clerk Work Profile (Responsibilities + Duties)

A clerk is also recognized as ‘Single Window Operator’ and the clerk executes accounts related tasks in a bank. To get an idea regarding the job profile of IBPS bank clerk, you need to check all the below listed points…

  • Handling deposits and cash withdrawals
  • Taking charge of the drafts, receipt of cheques and pay orders etc
  • Ensuring payment clearances, Issuing cheque books
  • Maintaining a daily record of balance and ledger, etc
  • Typing necessary information about bank
  • Marketing of financial products of the Bank such as loans, mutual funds etc
Career Path In Banking

Presently, most of the candidates wants to get jobs in banking field, because, there is future scope in Banks jobs or we can say that it is the permanent jobs. This is the major reason that everybody wishes to get Banking Jobs for safe future. As we all know that, if we get selected for jobs in government bank, then it provides financial and economical growth and also offer good salary for career growth.

So, If you are working as IBPS Clerks, then you need to appear in IBPS Clerk Recruitment Exam. And once you selected for clerk job, you will get so many benefits in terms of Salary Of IBPS Clerk 2018 as well as designations increment. Through your hard work and skills you can get promotion for the post of officer, because, there are different scales under Officer Cadre.

Conclusion Of This Page:

IBPS Clerk is a huge opportunity for all those who’re willing to grab jobs in the banking sector, so you should not miss this chance. Many Questions asked by visitors related to IBPS Clerk Salary on some popular site so here are some information from there regarding IBPS Clerk Salary Quora. Hope this IBPS Clerk Salary article which is created by team of indguru.com remove your all doubts. If you have any question regarding IBPS RRB Clerk Salary and IBPS Clerk Starting Salary, you can comment below. And for any suggestion OR query share your experience here. Thank You!!!

Have A Look On Below Given Section

Preparation Tips for IBPS Clerk Exam IBPS Clerk Admit card
IBPS Clerk Question Paper Current Affairs for IBPS
IBPS Clerk Result Documents Required for IBPS interview

 

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