IBPS Clerk Salary 2024 IBPS Clerk positions are attractively paid, with perks and benefits. They attract thousands of applicants each year. Salary package includes basic salary along with allowances. This makes it a lucrative choice for a career in the banking industry. IBPS clerks’ salaries rise steadily as they gain experience and advance in their career.
The salary range for IBPS clerks is between Rs. The salary range for IBPS Clerks is between Rs. 30,000 per month. IBPS Clerks are highly sought after by aspirants who want a rewarding career in banking.IBPS Clerk Salary Structure Job Profile Career Growth Annual Package
Also read:- UPSC CAPF AC Admit Card 2024: How to Download Hall Ticket Online
IBPS Clerk Salary structure
In 2024, the salary structure for IBPS clerk positions offers a basic starting pay of Rs. 19,900 per month. Over the years, the pay scale advances through different stages and culminates in a maximum base pay of Rs. 47,920.
| Component | Amount (Rs. |
|---|---|
| Basic Pay | 19,900 |
| Earnings Allowance | 5,209.82 |
| Special Allowance | 4,118 |
| Transport Allowance | 757.08 |
| House Rent Allowance | 2,039.75 |
| Gross pay | 32,024.65 |
| Tax Deductions | |
| NPS Fund, Union Fee | 2,570.98 |
| Net pay (In-hand salary) | 29,453.67 |
IBPS Clerk Job Profile
IBPS clerks play a vital role in the daily operations of banks. Clerks provide customer service by verifying documents, processing withdraws, maintaining records in the bank, issuing financial instruments such as Demand Drafts and updating account passbooks.
Also, they are responsible for administrative tasks, such as managing the cash flow, answering customer questions, and promoting products and services. This entry-level role offers excellent learning opportunities, and is a great foundation for a career in the banking industry.
Also read:-DST Young Professionals Recruitment 2024 Notification Out, Check Eligibility and Steps to Apply
IBPS Clerk Career Development and Promotions
IBPS clerks have many opportunities to advance their careers within the banking industry. The typical progression from clerk to officer/assistant manager, manager, senior manager, etc., is a well-structured path. A minimum tenure is often required to be eligible for promotion, as are satisfactory performance evaluations.
IBPS RRB 2024 Clerk Notification
The advancement can be made through the normal progression of experience-based promotions and merit-based processes, which may require additional banking certificates like JAIIB or CAIIB. The IBPS Clerk is a position that offers many opportunities for career growth.
IBPS Clerk Annual Package
IBPS Clerks are offered a very attractive salary package, which includes a number of perks and allowances on top of the basic pay. According to recent updates, IBPS clerks’ initial annual package ranges between Rs. According to recent updates, the initial annual package for IBPS clerks ranges from Rs. 4.50 lakhs depending on bank policies and location.
IBPS clerks are eligible for perks and allowances.
IBPS clerks are entitled to a variety of benefits, including medical insurance, pension schemes, and leave travel concessions (LTC). Clerks can also receive housing allowances (HRAs) depending on where they live. This provides financial security, and enhances the attractiveness of the job. These benefits, along with the competitive salary make IBPS Clerk positions attractive to banking aspirants who are looking for stability and comprehensive benefits.
Also read:- CTET Answer Key 2024: Download Paper 1 & Paper 2 All Sets Official PDF
Official Website of IBPS – Click Here
IBPS Clerk Recruitment 2024 Notification — Click Here