IBPS Clerk Salary Structure

IBPS Clerk Salary: Other Allowances

Dearness Allowance: This component is 4 per cent of the Basic Pay. DA depends on the CPI and is revised after every three months.

House Rent Allowance: The HRA is dependent on the location of the posting. It is 8.5 per cent of the Basic Pay for Metro Cities, 7.5 per cent of the Basic Pay for cities having a population of more than 5 lakhs, and 6.5 per cent of the Basic Pay for other cities.

Travel Allowance: The official tours and travels will be reimbursed by the bank.

Medical Allowance: For IBPS Clerks, the amount is fixed at INR 2000. Medical allowance is provided once in a year.

Special Allowance: For IBPS Clerk, this amount is fixed at INR 4118/-

IBPS Clerk Salary Increment (Year-wise)

• Initial Basic Pay: INR 19,900 with a yearly increment of INR 655 for three years.
• Basic Pay After 3 Years: INR 20,900 with a yearly increment of INR 815 for the next three years.
• Basic Pay After the Next 3 Years: INR 24,590 with a yearly increment of INR 980 for the next four years.
• Basic Pay After the Next 4 Years: INR 30,550 with a yearly increment of INR 1,145 for the next 7 years.
• Basic Pay After Next 7 Years: INR 42,600 with a yearly increment of INR 2,120 for the next one year.
• Basic Pay After Next 1 Year: INR 45,930 with a yearly increment of INR 1,310 for the next one year.
• Basic Pay After Next Year: INR 47,920 (Maximum Basic Pay).