ibps clerk salary 2023
IBPS Clerk Salary 2023: Institute of Banking Personnel Selection (IBPS) provides details about IBPS Clerk 2023 Salary along with notification. As IBPS has announced the recruitment of CRP XII Clerk in various banks. IBPS Clerk not only offers highest pay but also a wide spectrum of jobs. IBPS Clerk Salary is a very good amount which makes this exam one of the most sought after exams. IBPS Clerk Salary 2023 Allowances are DA Allowances, HRA Allowances, Medical Allowances, Special Allowances and Traveling Allowances. All the appointed candidates are required to undergo probation for 6 months. Bookmark this article for complete details of IBPS Clerk Salary 2023.
ibps clerk pay scale
ibps clerk salary It is the sum of basic salary and other allowances like HRA (House Rent Allowance and Dearness Allowance etc.). The first basic pay for IBPS Clerk 2023 will be Rs 19,900. IBPS Clerk Pay Scale is 19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. It is not very easy to understand so we have made it more clear and easy to understand through the below table. While basically, it means that the minimum basic pay for IBPS Clerk is Rs 19,900 while the maximum is Rs 47,920.
|initial basic pay||Rs 19,900 with annual increment of Rs 1000 for three years|
|Basic Pay after 3 years||Rs 20,900 with an annual increase of Rs 1230 for the next three years|
|Basic Pay after next 3 years||Rs 24,590 with an annual increment of Rs 1490 for the next four years|
|Basic Pay after next 4 years||Rs 30,550 with annual increment of Rs 1730 for next 7 years|
|Basic Pay after next 7 years||Rs 42,600 with an annual increase of Rs 3270 for the next year|
|Basic pay after next 1 year||Rs 45,930 with an annual increase of Rs 1990 for the next year|
|Basic pay after 1st year next year||Rs 47,920 (Maximum Basic Pay)|
ibps clerk salary allowances
IBPS Clerk Salary Perks are quite attractive. There are many perks provided to a clerk through IBPS. These allowances depend on various factors which may include the place of posting, how the branch is progressing and some other factors. Various types of allowances are provided for ibps clerk Listed below are:
|Dearness Allowance (DA)||
|House Rent Allowance (HRA)||
|traveling allowance (TA)||Expenses incurred on official tours and travels will be reimbursed by the Bank.|
|Medical Allowance (MA)||This payment is made once a year. For IBPS Clerks, the amount is fixed at Rs.2000/- per annum.|
Variation of IBPS pay and allowances By Location :
|IBPS Clerk Salary Structure – Division||Amount paid to IBPS Clerk|
|basic salary||Rs 19,900|
|dearness allowance||Rs 5209.82|
|Travel allowance||Rs 757.08|
|special allowance||Rs 4118|
|house rent allowance||Rs 2039.75|
|gross pay||Rs 32,024.65|
|deduction is allowed||Rs 2570.98|
|total ibps clerk salary||Rupee. 29,453.67/-|
ibps clerk job profile
As the perks, perks and salary are attractive, it can be assumed that the job profile will not be easy. ibps clerk job profile It involves a lot of duties and responsibilities, and not only accounting, but also Customer Service, Cash Handling & Customer Guidance within its scope. An IBPS Clerk is the first point of contact person for bank related queries and issues. he / she belongs to the front desk Work and customer handling operations and that is why their job profile is also known as Single Window Operators.
The job responsibilities of IBPS Clerk are given below:
- Managing inquiry corners, receipts, clearance etc.
- A clerk Also deals with opening new accounts, collecting cash, issuing bank statements, and handling mail and delivery.
- Verification of various documents and proofs submitted by the customers
- Updation of passbook of account holders
- Responsible for bank cash, various important documents, keys etc.
- Issuance of Demand Draft (DD), Bank Accounts for customers, Cash Receipts etc.
- Acceptance of Withdrawals by Customers
- Maintaining various documents, balance sheet, ledger etc. of the bank.
- solving various customer problems
- Guiding customers regarding various banking activities
- attend treasury functions
Thus, one and all IBPS Clerk Job Profile is a task without which some major bank operations may not be possible.
ibps clerk syllabus 2023 [Prelims +Mains]Click to check
IBPS Clerk Exam Pattern 2023 [Prelims +Mains]Click to check
ibps clerk promotion
ibps clerk Offers tremendous opportunities for growth. As a bank clerk, there are many growth prospects depending on the performance and contribution to the bank. When a person works as a bank clerk, he learns different ways of bank functions and gets a chance to prove his ability and worth. A clerk has to serve a minimum of 3 years or 2 years in some banks before applying for promotion. Promotion is given to the following two processes:
- General/Seniority Process
- Merit Based/Fast Track Process
general procedure: Candidates getting promoted through this process do not need JAIIB and CAIIB Diploma. IBPS Clerks are promoted on the basis of experience and seniority and a written test is conducted internally. After qualifying the written exam, IBPS Clerk becomes Officer Trainee and then Bank Probationary Officer (PO).
Merit-Based Process: under it cCandidates should have JAIIB and CAIIB Diploma from Indian Institute of Banking and Finance (IIBF).
Candidates who are aiming for IBPS Clerk post should always prepare well to compete in the exam. Knowing the duties and salary of the post is equally important for all the candidates. Candidates should have a clear understanding of how much they will be offered and even the promotion details if they are eligible for the job.
The promotion levels for IBPS Clerk in ascending order are given below.
Clerk > Officer > Senior Officer > Assistant Manager > Manager > Senior Manager > Chief Manager > Assistant General Manager > Deputy General Manager > General Manager
Those joining through the PO program will be given the Assistant Manager cadre after confirmation directly as Management Trainees.
- Assistant Manager – Scale 1
- Manager – Scale 2
- Senior Manager – Scale 3
- Chief Manager – Scale 4
- Assistant General Manager – Scale 5
- Deputy General Manager – Scale 6
- General Manager – Scale 7
Clerk is the entry level position in any bank and after the appointment, as the candidates get working experience or their daily schedule, they will get huge opportunities to prove their work qualities which can get them promotion and Might as well help them. reach a senior position.
ibps clerk cut off [Previous Year]Click to check
IBPS Clerk Previous Year Papers with Solutions- Click Here
IBPS Clerk Salary 2023- FAQs
Question 1. What is the in-hand salary for IBPS Clerk?
Answer. The in-hand salary for an IBPS Clerk at the entry level ranges between Rs.28,000/- to Rs.30,000/- per month. However, the salary increases with the years in service.
Question 2. How can an IBPS Clerk get promoted to a higher level?
Answer. An IBPS Clerk is promoted through two methods: the normal/seniority process or the merit-based/fast track process.
Q 3. What other benefits does an IBPS Clerk get apart from the salary?
Answer. An IBPS Clerk gets the facility of DA, HRA, Medical, Travelling, Transport allowance to name a few.
Q 4. What is the basic pay for IBPS Clerk?
Answer. The basic pay of an IBPS Clerk is Rs 19,900/- while the maximum is Rs 47,920/-.
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