IBPS Clerk Pay Scale
IBPS Clerk Salary is the sum of Basic Pay and other Allowances like HRA (House Rent Allowance and Dearness allowances etc.) The first Basic Pay for IBPS Clerk 2023 will be Rs 19,900. The IBPS Clerk Pay Scale is Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. This is not very easy to understand so we have made it more clear and easy to understand through the table below. While basically, that means the minimum Basic Pay for IBPS Clerk is Rs 19,900 while the maximum is Rs 47,920.
IBPS Clerk Salary 2023 | |
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Basic Pay | Amount |
Initial Basic Pay | Rs 19,900 with a yearly increment of Rs1000 for three years |
Basic Pay after 3 years | Rs 20,900, with a yearly increment of Rs 1230 for the next three years |
Basic Pay after the next 3 years | Rs 24,590, with a yearly increment of Rs 1490 for the next four years |
Basic Pay after the next 4 years | Rs 30,550, with a yearly increment of Rs 1730 for the next 7 years |
Basic Pay after the next 7 years | Rs 42,600, with a yearly increment of Rs 3270 for the next year |
Basic Pay after the next 1 year | Rs 45,930, with a yearly increment of Rs 1990 for the next year |
Basic Pay after next year 1 year | Rs 47,920 (maximum Basic Pay) |
IBPS Clerk Salary Allowances 2023
IBPS Clerk Salary Allowances are quite lucrative. There are several allowances provided to a clerk through IBPS. These allowances depend on various factors that may include the location of posting, how the branch is progressing and some other factors. The various types of allowances provided to the IBPS Clerk are listed below:
IBPS Clerk Salary Allowances | |
Special Allowance | Rs 4118/- |
Dearness Allowance (DA) |
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House Rent Allowance (HRA) |
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Travel Allowance (TA) | Expenses on official tours and travels will be reimbursed by the bank. |
Medical Allowance (MA) | This is paid once a year. For IBPS Clerks, the amount is fixed at Rs 2000/- annually. |
The variation of IBPS Salary and Allowances as per the location :
IBPS Clerk Salary Structure – Divisions | Amount paid to IBPS Clerk |
Basic Pay | Rs 19,900 |
Dearness Allowance | Rs 5209.82 |
Travel Allowance | Rs 757.08 |
Special Allowance | Rs 4118 |
House Rent Allowance | Rs 2039.75 |
Gross Pay | Rs 32,024.65 |
Deduction allowed | Rs 2570.98 |
Total IBPS Clerk Salary | Rs 29,453.67/- |