IBPS Clerk 2022 Salary Details

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

• 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:

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.