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IBPS Clerk 2022 Salary Details

IBPS Clerk 2022 Free Mock

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IBPS Clerk 2022 Salary Details

The banking aspirants who are planning to apply for IBPS Clerk 2022 and are curious to know the IBPS Clerk salary structure and career growth, go through the details mentioned in the article.

IBPS Clerk Salary 2022 PayScale

As per the IBPS, the pay scale of a Clerk in IBPS is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.

This translates into

  • Initial Basic Pay – Rs 11765 with a yearly increment of Rs 655 for three years.
  • After 3 years – Rs 13730 with a yearly increment of Rs 815 for the next three years.
  • Next 3 years – Rs 16175 with a yearly increment of Rs 980 for the next four years.
  • Next 4 years – Rs 20095 with a yearly increment of Rs 1145 for the next 7 years.
  • Next 7 years – Rs 28110 with a yearly increment of Rs 2120 for the next one year.
  • Next 1 year – Rs 30230 with a yearly increment of Rs 1310 for the next one year.
  • Maximum – Rs 31540

The minimum basic pay of an IBPS clerk starts at Rs. 11765/- and the maximum goes till Rs. 31540.

IBPS Clerk Allowances

The allowances, other than the basic pay are explained below:

  • DA: This component is 4 percent of the Basic Pay. DA depends on the CPI and is revised after every three months.
  • HRA: The HRA is dependent on the location of the posting. It is 8.5 percent of the Basic Pay for Metro Cities, 7.5 percent of the Basic Pay for cities having a population of more than 5 lakhs, and 6.5 percent of the Basic Pay for other cities.
  • Travel Allowance: The official tours and travels will be reimbursed by the bank.
  • Medical Allowance: For IBPS Clerks, the amount is fixed at Rs 2000. It is paid once a year.

IBPS Clerk Salary Structure

ParticularsPopulation Less Than 45 lakhsPopulation More Than 45 Lakhs
Basic PayRs 11765Rs 11765
Dearness AllowanceRs 5311Rs 5311
Travel AllowanceRs 425Rs 425
Special AllowanceRs 911Rs 911
House Rent AllowanceRs 1176Rs 1058
Total IBPS Clerk SalaryRs 19588Rs 19470
  • Dearness Allowance – DA is 4% of the basic pay for the employees which is revised quarterly.
  • House Rent Allowance – HRA is basically 7-9 % of the basic pay

HRA% is varied as per the cities that the candidate will be posted in eventually:

CitiesHRA %
Metro Cities8.5
Cities with Population more than 5 lakhs7.5
Other Cities6.5

The IBPS clerk 2021 salary varies from bank to bank as well. Few other facilities that can be availed by the employees are home loans, education loans, medical benefits, etc.

IBPS Clerk 2022 Career Growth

After becoming a clerk in any Public sector bank, multiple opportunities can be availed by the aspirant to become the officer in the bank but there are certain constraints to that. An employee needs to complete 2 years of service with the same bank to be eligible to appear for the test for the officer rank. Public sector banks do carry out the test for promotions every 2 years. They need to apply for the promotion and appear for the examinations, like JAIIB (Junior Associate of the Indian Institute of Bankers) and CAIIB (Certified Association of the Indian Institute of Bankers). After becoming an officer the career prospects for an employee looks like this:

  • Scale 1 – Officer / Assistant Manager
  • Scale 2 – Manager
  • Scale 3 – Senior Manager
  • Scale 4 – Chief manager
  • Scale 5 – Assistant General Manager
  • Scale 6 – Deputy General Manager
  • Scale 7 – General manager

The growth of an employee is also dependent on his/her performance over the tenure with the bank. Banks do consider employees with impeccable work performance for higher positions.

Pricing Plan

Flexible pricing options for all the aspirants
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FAQs

How many vacancies were there in IBPS Clerk in the year 2021-22?

5830

How many vacancies were there in IBPS Clerk in the year 2020-21? +

2557

How many vacancies were there in IBPS Clerk in the year 2019-20? +

12,075

Can only an Indian IBPS Clerk 2021 exam? +

Yes. The IBPS Clerk notification 2021 nationality or citizenship criteria are: a citizen of India. The subject of Nepal, or The subject of Bhutan, or A Tibetan Refugee who came to India to settle permanently. a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia, and Vietnam with the intention of permanently settling in India. Hence, candidates other than Indian citizens should favor a certificate of eligibility issued by the Government of India.

What is the Age limit for IBPS Clerk 2021? +

The IBPS clerk 2021 age limit is: Minimum Age Limit: 20 Years. Maximum Age Limit: 28 Years.

What is the IBPS Clerk notification 2021 release date? +

11th July 2021

What is the salary under IBPS Clerk 2021? +

The basic pay of clerks is Rs 11,765

How many candidates qualify in the IBPS Clerk notification 2021 recruitment exam? +

An adequate number of candidates are selected for each stage of the selection process.

Is there any interview for the IBPS clerk notification 2021 recruitment? +

No, there is no interview for this post.

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