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
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)
  • DA is 4 per cent of the IBPS Clerk Basic Pay.
  • DA depends on the CPI and is revised quarterly, i.e. after every three months.
House Rent Allowance (HRA)
  • The HRA depends on the location of the posting.
  • The HRA remains between 6.5% to 8.5% depending upon the location of the posting.
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/-
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