IBPS has been providing competitive salaries for Clerical Cadre positions along with a variety of perks, incentives, and benefits.
IBPS Clerk Salary Structure 2022 For Cities With Population Greater Than 45 Lakhs
Rs. 19,588/-
IBPS Clerk Salary Structure 2022 For Cities With Population Lesser Than 45 Lakhs
Rs. 19,470/-
IBPS Clerk Allowance
IBPS Clerks are entitled to allowances, calculated based on posting location and other factors
Special Allowance
Initially, the Special Allowance is 7.5% of the Basic Pay. After completing one year of service, Special Allowance will be increased by Rs 400 to Rs 500.
Dearness Allowance (DA)
This component is 4% of the IBPS Clerk Basic Pay. DA depends on the CPI and is revised quarterly
House Rent Allowance (HRA)
8.5%of the Basic Pay for Metro Cities, 7.5%of the Basic Pay for cities with more than 5 lakhs, and 6.5%of the Basic Pay for other cities.
Travel Allowance
The bank will reimburse expenses on official tours and travels.
Medical Allowance
This is paid once a year. For IBPS Clerks, the amount is fixed at Rs 2000.
IBPS Clerk offers great chances of growth at personal and professional levels.