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IBPS Clerk 2018: Salary & Growth Career

Clerk plays an important role for the bank customers. Every year lakhs of graduate and postgraduate candidates appear for IBPS clerk exams. This specific job offers a highly professional development and tends to make a bright future in the bank sector. Clerical is a front desk job in a bank and taking care of different customer’s prerequisites.

IBPS CLERK SALARY:

  • Salary is one of the most important factors for candidates who are looking for a job in the Clerical domain.
  • The PayScale of Bank Clerk is Rs 11,765 – Rs 42,020. with a scope of promotion.)
  • The basic pay of an IBPS Clerk is Rs. 11765/- per month
  • Dearness allowances: DA is 4% of basic pay and revised quarterly for every 3 months which is based on CPI (Consumer Price Index) declared by the banks.
  • House Rent Allowance: HRA is 7-9% of basic pay.
  • Special Allowance: 7.5%
  • After completion of the one-year service, you will an increment of400/- and Rs. 500 increment in 2nd year.
  • After the 10th Bipartite Wage Settlement of 2015, a Bank Clerk’s salary has increased from now salary Rs. 21,339 to Rs. 23,117.

JOB PROFILE & GROWTH CAREER:

IBPS Clerks get an opportunity to get promoted to higher post through promotional examinations within 2 years of joining the bank. There are two ways of getting promotion in a bank 1) Internal Exam 2) Post Graduation Degree.

  • Bank clerk
  • Senior Officer
  • Junior Management Grade – Scale I: Probationary Officer
  • Middle Management Grade – Scale II: Manager
  • Middle Management Grade – Scale III: Senior Manager
  • Senior Management Grade – Scale IV: Chief Manager
  • Senior Management Grade Scale V: Assistant General Manager
  • Top Management Grade Scale VI: Deputy General Manager
  • Top Management Grade Scale VII: General Manager
  • Executive Director (ED)
  • Chairman and Managing Director (CMD)

   

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