The IBPS Clerk Salary 2024 has been declared through an official notification which will be an entitlement for all the selected candidates. The basic pay will range around INR 19, 900 per month. The IBPS Clerkship aspirants will get a monthly salary which will range between INR 28,000 to INR 30,000. This will also include several allowances and perks such as dearness allowance, house rent allowance, travel allowance and medical allowance etc. The job role of IBPS Clerk offers a competitive benefits package. The job role will be demanding multiple responsibilities from the clerks such as handling queries, maintaining records of transactions and many more tasks. Examine the salary, job profile and in-hand salary specifics closely from the article below.
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IBPS Clerk Salary 2024
You must gauge the salary specifics thoroughly in order to avoid any errors. There is an in-hand salary with allowances as an entitlement for all the IBPS Clerk officers. Apart from that, the salary will be according to the 7th Pay Commission. Moreover, the candidates after selection will have to perform several important duties as Institute of Banking Personnel selection Clerk officers. The basic pay band of the Clerks will range around INR 19,900 (per month) and rest will be allowances. To know more about the salary, and continue reading the article.
IBPS Clerk Inhand Salary 2024
The pay scale for the IBPS Clerk will include INR19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. This implies that the in-hand salary will range between INR 28,000 to INR 30,000 per month for IBPS Clerk.
You can refer to the table below to gauge the details of the salary structure. The table includes various allowances and deductions.
| IBPS Clerk Salary Structure 2024 | |
| Basic Pay | Rs.19,900/- |
| Dearness Allowance | Rs.5209.82/- |
| Special Allowance | Rs.4118/- |
| Transport Allowance | Rs.757.08/- |
| CCA | Rs.0/- |
| House Rent Allowance(HRA) | Rs.2039.75/- |
| Gross Pay | Rs.32,024.65/- |
| Deduction (NPS Fund, Union Fee) | Rs.2570.98/- |
| Net Pay | Rs.29453.67/- |
IBPS Clerk Allowances 2024
As with any government job, there are numerous benefits associated with an Institute of Banking Personnel Selection’s position. An IBPS Clerk’s salary includes perks that are entitled to be included in the compensation package for employees. A few of them are housing allowances, dearness allowances, pensions, etc. For more information, see the section below.
- Dearness Allowance (DA): This allowance is given out to offset inflation and is updated on a regular basis in accordance with the cost of living index.
- House Rent Allowance (HRA): This amount varies by posting city and is given to pay rental expenses. Whether the posting is in an urban, semi-urban, or rural location will determine the HRA proportion, which can be anything between 8% and 24% of the base pay.
- Medical stipend: To help with medical costs for the Clerks and their family, a set monthly stipend is provided.
- Transport Allowance: This benefit pays for transportation costs and is based on the distance and posting place.
- Allowance for Uniform Maintenance: The department reimburses clerks to keep their uniforms up to date and in compliance.
- Generous leave entitlements ensure ample time for relaxation.
IBPS Clerk Job Responsibilities
The candidates who are aspiring to be the IBPS Clerks will have to perform various job responsibilities. This will include several job duties such as handling customer inquiries, banking transactions and maintaining the daily records. Refer to the pointers below to know more:
- Handle customer inquiries
- Manage cash transactions
- Maintain records
- Ensure customer accounts are up-to-date
- Assist in processing loans and mortgages
- Perform back-office tasks such as data entry, ledger maintenance, and account reconciliation
- Use banking software proficiently
- Communicate effectively with customers
- Help market the bank’s products and services
- Contribute to customer satisfaction and loyalty
- Maintain accuracy and trustworthiness in financial transactions
IBPS Clerk Job Growth
The candidates who will qualify the IBPS Clerk exam can expect a boost in their career growth as the clerkship is emerging as a promising domain. Initially joining as a Junior Associate or clerks will be an accountable job profile. But gradually you can switch to higher positions through internal exams and performance reviews. With experience and additional qualifications, you can get promotions as a Senior Associate, Officer, and eventually to managerial roles. The banking sector comprises various opportunities for skill development and specialization in areas such as credit, loans, and customer relations. You will be able to keep a continuous learning and adapt to a new banking technology. You can also look for career advancement options by opting for higher education options for career advancement. The structured career path in banking will not only provide you with job security but also offers attractive perks and benefits, making it a rewarding career choice.
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