IBPS Clerk Salary 2018: The candidates should also know about the details of the salary of the post of the clerk. So this article is especially for those who search for the salary structure of the IBPS Clerk. The candidates will also get the details about the allowances & increments allowed by the authority in the salary structure of the IBPS Clerk Recruitment. We also advise the candidates to check the link given here to get more information about the recruitment procedure.
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IBPS Clerk Salary 2018 Pay Structure
After the final Selection of IBPS Clerk, candidates have to undergo a training or probation period. In this period, the candidates get training to balance the accounts details & other data sheets which are necessary for the job profile of the IBPS Clerk. In the training period, the salary of IBPS Clerk Salary will only be Rs. 10000. The salary after training will differ for different banks.
We also advise the candidates to check the detailed salary structure from the table. The table will also provide the candidates with the details of the allowances amount. So the candidates should check the details of the table very carefully.
IBPS Clerk Salary 2018
|Particulars of salary||Amount in places > 45 lakh population||Amount in places < 45 Lakh Population|
|Basic Pay||INR 11765||INR 11765|
|Special Allowance||INR 911.79||INR 911.79|
|DA||INR 5311.58||INR 5311.58|
|Transport Allowance||INR 425||INR 425|
|Total Salary (without HRA)||INR 18413.37||INR 18413.37|
|HRA||INR 1176.5||INR 1058.85|
|Total Salary with HRA||INR 19589.87/-||INR 19472.22|
IBPS Clerk Salary 2018 Allowances
The total salary perks of the IBPS Clerks also have the allowances issued by the employer. So the salary of the clerk is a collective amount of these allowances & the basic salary.
The Official Basic Pay Scale of IBPS Clerk is supposed to be Rs 11,765 – Rs 42,020. The basic pay is same for all banks. Only the allowances will change for the candidates in different banks.
- DA (Dearness Allowance): In all the Banks, the DA is revised 4 times a year. The DA is based on the CPI according to the authorities of banks.
- House Rent Allowance (HRA): This HRA amount differs on the basis of the place of posting of the employee. The HRA fluctuates between 8.50%, 7.50% and 6.50% depending on the place of posting.
- Medical Allowance: This amount of Rs 2000 is payable by the bank annually to the employee.
- Transport Allowance (TA) – The TA also differs from bank to bank for the employee.
- The cash in hand salary for IBPS Clerk is supposed to be Rs 19,461.
IBPS Clerk Salary 2018 After 11th Bipartite Settlement
The banks increase the salary of the employees on the basis of IBA Bipartite Settlement. According to this settlement, the salary of the employee will undergo a minimum increment to the basic pay 20% to 30%.
|Increment (%)||Basic Pay||Total Salary After addition of increment|
|15%||INR 14,733||INR 20,450|
|20%||INR 15,374||INR 21,339|
|25%||INR 16,015||INR 22,228|
|30%||INR 16,655||INR 23,117|
The hike in the salary after the 11th bipartite settlement is very high. Therefore the candidates will get the increased salary from this financial year. Now the candidates will get a very handsome salary after the increment in the salary.
IBPS Clerk Salary 2018 after Revision
According to the 11th Bipartite Wage Settlement of 2015, the bank clerks will get a salary of Rs 21,990 with cash in hand salary of Rs 19,461. With the Government, the IBA & the Employee union will set up the stage for 11th wage revision talks.
7th Pay Commission Effect on IBPS Clerk Basic Salary 2018
The Government Bank Employees are expected to get the best Salary from 2017. The compensation of Indian financiers (bankers) is expected to be expanded by 2017. Indeed, even as we all know that Seventh Pay Commission is good to go to execute and with that the difference between Govt representative compensation and financiers will be considerably more profound.
This news about the expansion of investors pay had begun after Dept. of Financial Services issued notification for Next compensation (Wage Revision) correction out in the open segment banks (Public sector banks) on 12 January 2017. The new salary structure for bank jobs will be applicable from 1 November 2017, as the previous agreement was dated November 2012.
IBPS Clerk New Salary Scale
|Grade||Existing Basic Pay||Revised Basic Pay||Annual Increment – New|
|Clerk||Rs. 11765||31540||30000||68900||1500/3 – 1900/8 – 2400/8|
The new salary scale of the IBPS Clerk is according to the official authority. We also advise the candidates to check the salary scale from the official sources. This will also help the candidates to get a basic idea about the total salary. Candidates can also contact us for the clearance of any doubt about the salary structure of IBPS Clerk.