A clerical cadre job in banks is of repetitive nature and deal with the customers in depositing money, printing on passbooks, withdrawals, etc. The IBPS Clerk Job Profile spans from customer relation to back-office works as the association demands. The clerk is the first step in the banking career ladder. Within two years of service, one can appear for promotion tests to ace their career. The clerical cadre is somewhat relaxing compared to the officer’s posts. The Fixed working hours and desk jobs are perks of this post. The IBPS Clerk salary is 2022 and allowances will be around Rs. 20000 after deductions. Here we can check further details about the IBPS Clerk recruitment and the clerk’s entitled salary and allowances.
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IBPS recruitment 2022 is going to be an opportunity for those who have not been able to get through SBI and other Bank Recruitment Exams. The role of an IBPS Clerk or Junior Associate is one of the most sought-after careers in the banking field. The Institute of Banking Personnel Selection (IBPS) conducts the recruitment of eligible and dynamic candidates for the post of Clerk. More details regarding the post and the job roles will be clear the IBPS Clerk Notification is published by the commission. Every year lakhs of applications are received by the IBPS. One of the best parts of the recruitment process of an IBPS Clerk is a two-stage selection process comprising of Prelims and Main Online Exam with no Interview. Check out the entire article to know more details regarding IBPS Clerk salary 2022 and the starting salary of IBPS Clerk for the year 2022.
IBPS Clerk Salary 2022
IBPS offers some of the best salaries packages for the candidates who clear the examination for the post of clerk. The given below are the details regarding the IBPS Clerk salary structure and the IBPS Clerk starting salary 2022.
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IBPS Clerk Salary Structure
IBPS provides very attractive salary packages for every candidate who is clearing the examination. Apart from the salary, there are various other perks too that come along with the salary at IBPS. Let’s take a look at the IBPS Clerk salary scale 2022.
| Basic salary | Amount (INR) | Increment (INR) |
|---|---|---|
| Initial Pay | INR 19900 | INR 1000 |
| After 3 years | INR 20900 | INR 1230 |
| After the next 3 years | INR 24590 | INR 1490 |
| After the next 4 years | INR 30550 | INR 1730 |
| After the next 7 years | INR 42600 | INR 3270 |
| After the next 1 year | INR 45930 | INR 1990 |
| Maximum Pay Scale | INR 47920 | – |
The minimum basic pay of an IBPS clerk is Rs. 19900 and the maximum goes to Rs. 47920.
From the Total earnings of the IBPS Clerk Salary following amounts will get deducted every month:
- Union Subscription
- Group Insurance
- Penson Fund
- Professional Tax
- Financial Aid For Bereaved Families Scheme (FABF)
IBPS Clerk Inhand Salary
Candidates who are clearing the IBPS examination are eligible to obtain a fair base salary along with some allowances for their services. As per the latest reports, the in-hand salary a candidate will obtain after cleaning the IBPS clerk examination 2022 will be in a range of Rs 19,900- Rs 47920 per month. The salary in hand for the candidates may vary on the basis of several factors that depend on the allowances.
IBPS Clerk Salary Slip
The salary slip will give information of the monthly salary including the allowances. The tax will be reduced from the monthly salary.
IBPS Clerk Allowances 2022
Apart from the basic pay that is been set by the commission, the candidates who clear the IBPS clerk examination and enter into the job are entitled to get several allowances and financial benefits from the banks. The given below are the details regarding the salary benefits that candidates will obtain from the bank as an employee.
- Dearness Allowance
- House Rent Allowance
- Travel Allowance
- Medical Allowance
Dearness Allowance (DA): Dearness Allowance is revised quarterly and is based on the Consumer Price Index(CPI) as declared by the banks. DA will be 4% of the Basic Pay.
House Rent Allowance (HRA): HRA varies according to the posting station. HRA can be 8.50%, 7.50%, and 6.50% depending on metros, big cities, and other locations.
Medical Allowance: Annual allowance of Rs. 2000/.
Transport Allowance (TA) – The official tours and travels will be reimbursed by the bank.
Special Allowance: For IBPS Clerk, this amount is fixed at Rs. 4118
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IBPS Clerk Job Profile 2022
This post offers employees great opportunity to learn and grow. The various roles and responsibilities are:
- Deposit and withdrawal cash handling is the primary work of the clerks.
- Clerks handle the receipt of cheques, drafts, dividend warrants, and pay orders.
- Cheque Verification, Demand draft issue, Account Opening, and Account Closing related matters.
- Issuing ATM cards, Debit and Credit Cards, gold loans, etc.
- Maintaining a daily record of balance, attending Government Treasury related matters.
- Back-office works like receipts collection, ledger maintenance, tally balance, data entry, issue ESI stamps, etc.
- The clerk also has a significant role in the marketing of financial products of the Bank such as loans, mutual funds, deposits, schemes, etc.
- Clerks often serve as customer service agents, or the customers first personal contact.
- Clerks are entitled to serve the customers to make them understand the different bank products and how it works and the difficult banking terms.
- Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc.
- Resolving queries of the customers
- Sanctioning of withdrawals by the customers
IBPS Clerk Promotion
A bank clerk has great scope for growth in career. IBPS Clerks are promoted based on their experience and seniority and a written exam is conducted internally. The different rungs of the ladder in the promotion are as follows:
Bank Clerk → Assistant Manager → Manager → Senior Manager → Chief Manager → Asst. General Manager → Deputy General Manager → General Manager.
IBPS Clerk Participating Banks 2022
- Vijaya Bank
- United Bank of India
- Union Bank of India
- UCO Bank
- Syndicate Bank
- Punjab & Sind Bank
- Punjab National Bank
- Oriental Bank of Commerce
- India Overseas Bank
- Indian Bank
- Bank of Baroda
- Allahabad Bank
- Bank of India
- Dena Bank
- Corporation Bank
- Central Bank of India
- Bank of Maharashtra
- Andhra Bank, and
- Canara Bank
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