IBPS Clerk Salary 2024 - Pay Scale, Job Profile

IBPS Clerk Salary 2024

IBPS conducts examinations to facilitate the recruitment of staff in various banking organizations across the country. For job aspirants, securing a position that offers job security, attractive benefits, and a competitive salary is a dream come true. This is why jobs in the banking sector are highly sought after. Among the various banking jobs, the IBPS Clerk exam holds significant popularity as it provides a promising opportunity to enter the banking sector and embark on a career path that allows for gradual growth. It offers candidates the chance to learn and familiarize themselves with the intricacies of both minor and major tasks within a bank, gaining a comprehensive understanding of its operations. An important factor to consider here is the lucrative IBPS Clerk salary as compared to other clerical jobs.

Given below are the details for the IBPS Clerk salary 2024.

If there is any change in the IBPS Clerk salary, we will update it here. Keep visiting this page for any new updates.

IBPS Clerk Salary 2023 Overview

Here is an overview of the salary components for an IBPS Clerk:

• Basic Pay: Rs. 11,765 to Rs. 31,540 (depending on the annual increments) Dearness Allowance (DA): Varies based on the Consumer Price Index (CPI) and is revised quarterly. 
• House Rent Allowance (HRA): Usually 7-9% of the basic pay, depending on the location. Special Allowance: It is around 7.75% of the basic pay. 
• Transport Allowance (TA): Rs. 425 to Rs. 1,200 (depending on the location) 
• These figures are approximate and can vary based on factors such as location and government regulations. It's important to note that IBPS Clerk salary components may change over time due to revisions and allowances set by the respective banks and authorities.

IBPS Clerk Salary Structure 2024

The salary of an IBPS (Institute of Banking Personnel Selection) Clerk can vary depending on the location and the bank in which they are employed. The basic pay scale for an IBPS Clerk typically falls under the Pay Scale of 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540. This means that the starting basic pay is Rs. 11,765, and there are annual increments for a certain number of years. As aforementioned, in addition to the basic pay, an IBPS Clerk is entitled to receive various allowances, such as Dearness Allowance (DA), House Rent Allowance (HRA), Special Allowance, and Transport Allowance (TA). The exact amount of these allowances can vary based on the location of the posting.

IBPS Clerk Job Profile

IBPS conducts an online exam for the post of Clerk in various Banks. A Bank Clerk has a very essential and vital role in the banking industry. A Clerk is the face of the Bank, directly dealing with the customers. A Clerk handles a variety of tasks in a Bank. Some of the basic responsibilities are as follows.

• The IBPS Clerks have direct interaction with customers at the bank's front desk. They assist customers in various banking transactions, address their queries, and provide information about banking products and services. 
• Clerks are responsible for handling cash transactions, including accepting deposits, processing withdrawals, and managing cash balances accurately. 
• They maintain and update customer account records, including account opening, closing, and maintenance activities. They also handle account verification, signature verification, and account-related documentation activities. 
• The IBPS Clerks verify various documents submitted by customers for account opening, loan applications, and other banking services. They ensure the accuracy and completeness of the documentation process.
• They perform data entry tasks, update customer information in the banking system, and maintain proper records of transactions and customer details. 
• Clerks also carry out some clerical/general administrative tasks such as filing, photocopying, sorting and delivering mail, and maintaining office supplies. 
• They provide support to the bank's back-office operations, including clearing cheques, processing loan applications, and handling account transfers.