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IBPS Clerk 2024 Salary

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IBPS Clerk 2024 Salary

The banking aspirants who are planning to apply for IBPS Clerk 2024 and are curious to know the IBPS Clerk salary structure and career growth, go through the details mentioned in the article.

IBPS Clerk Salary 2024 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 Salary Structure

ParticularsPopulation Less Than 45 lakhsPopulation More Than 45 Lakhs
Basic PayRs 11765Rs 11765
Dearness AllowanceRs 5311Rs 5311
Travel AllowanceRs 425Rs 425
Special AllowanceRs 911Rs 911
House Rent AllowanceRs 1176Rs 1058
Total IBPS Clerk SalaryRs 19588Rs 19470
  • 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:

CitiesHRA %
Metro Cities8.5
Cities with Population more than 5 lakhs7.5
Other Cities6.5

The IBPS clerk 2024 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 Allowances

IBPS clerk gets other allowances other than the allowances besides basic pay. These are

AllowanceAmount
Dearness Allowance:This component is 4 percent of the Basic Pay. DA depends on the CPI and is revised after every three months.
House Rent Allowance: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 AllowanceMedical allowance is fixed, wherein an IBPS Clerk gets Rs. 2,000 once in a year.

Special 

Allowance

For IBPS Clerk, this amount is fixed at INR 4118/-

Pricing Plan

Flexible pricing options for all the aspirants
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FAQs

Can only an Indian IBPS Clerk 2024 exam?

Yes. The IBPS Clerk notification 2021 nationality or citizenship criteria are: a citizen of India. The subject of Nepal, or The subject of Bhutan, or A Tibetan Refugee who came to India to settle permanently. a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia, and Vietnam with the intention of permanently settling in India. Hence, candidates other than Indian citizens should favor a certificate of eligibility issued by the Government of India.

What is the Age limit for IBPS Clerk 2024? +

The IBPS clerk 2024 age limit is: Minimum Age Limit: 20 Years. Maximum Age Limit: 28 Years.

What is the salary under IBPS Clerk 2024? +

The basic pay of clerks is Rs 11,765

How many candidates qualify in the IBPS Clerk notification 2024 exam? +

An adequate number of candidates are selected for each stage of the selection process.

Is there any interview for the IBPS clerk notification 2024? +

No, there is no interview for this post.

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