IBPS Clerk Notification 2023

The Institute of Banking Personnel IBPS Clerk Notification 2023 Selection Clerk exam is a competitive examination conducted by the Institute of Banking Personnel Selection (IBPS) for the recruitment of clerical staff in various public sector banks in India. IBPS is an autonomous agency responsible for conducting recruitment and selection processes for public sector banks in India.

Post Name: IBPS Clerk Post

Post Date: 27-06-2023

Total Post: 4045

Important Dates

Apply Online Start Date 01/07/2023
Apply Online Last Date 21/07/2023
Pre-Exam Training August, 2023
Online Examination- Prelim Exam August/September, 2023
Result of Online Exam- Prelim Exam September/ October, 2023
Download Call Latter Main Exam September/ October, 2023
Online Examination- Main October, 2023
Provisional Allotment April, 2023

Qualification

The minimum educational qualification required to appear for the IBPS Clerk exam is a bachelor’s degree in any discipline from a recognized university. The degree can be in fields such as Arts, Commerce, Science, Engineering, Management, etc. There are no specific percentage criteria or minimum marks required in the bachelor’s degree to be eligible for the IBPS Clerk exam. As long as the candidate has completed their bachelor’s degree from a recognized university, they fulfill the qualification criteria.

Age Limits 

Minimum Age -The minimum age required to apply for the IBPS Clerk exam is 20 years.

Maximum Age-

  • General Category: The maximum age for candidates belonging to the general category is 28 years.
  • OBC (Other Backward Classes): The maximum age limit for candidates belonging to the OBC category is 31 years.
  • SC/ST (Scheduled Caste/Scheduled Tribe): The maximum age limit for candidates belonging to the SC/ST category is 33 years.
  • Persons with Disabilities (PWD): For PWD candidates, there is a relaxation of 10 years in the upper age limit, irrespective of the category they belong to.

Application Fee

Category Fees
General 850/-
SC/ST/PWD 175/-
Payment Mode Online

 

Short Notification 2023

IBPS Clerk Exam Pattern 2023

The IBPS Clerk exam consists of two stages: Preliminary Examination and Main Examination.

Preliminary Examination

  • The Preliminary Examination is conducted online and consists of three sections: English Language, Numerical Ability, and Reasoning Ability.
  • The exam duration is 1 hour (60 minutes).
  • The exam is objective type (multiple-choice questions) with a total of 100 marks.
  • Each section has a separate time limit, and candidates need to qualify in each section by securing the minimum qualifying marks.
  • The marking scheme is such that for every correct answer, candidates are awarded 1 mark, while for every incorrect answer, there is a penalty of 0.25 marks.
Subjects No. of Questions Maximum Marks Sectional Time
English Language 30 30 20 minutes
Reasoning Ability 35 35 20 minutes
Numerical Ability 35 35 20 minutes
Total 100 100 1 Hour

Main Examination

  • The Main Examination is also conducted online and consists of four sections: General/Financial Awareness, General English, Reasoning Ability & Computer Aptitude, and Quantitative Aptitude.
  • The exam duration is 2 hours and 40 minutes.
  • The Main Examination is also objective type (multiple-choice questions) with a total of 200 marks.
  • Each section has a separate time limit, and candidates need to qualify in each section by securing the minimum qualifying marks.
  • Similar to the Preliminary Examination, the marking scheme in the Main Examination is such that for every correct answer, candidates are awarded 1 mark, and for every incorrect answer, there is a penalty of 0.25 marks.
Subjects No. of Questions Maximum Marks Sectional Time
English Language 40 40 35 minutes
Reasoning Ability & Computer Aptitude 50 60 45 minutes
Quantitative Aptitude 50 50 45 minutes
General/ Financial Awareness 50 50 35 minutes
Total 190 200 160 minutes

Candidates are advised to refer to the official IBPS notification or exam guidelines for the specific exam pattern and details for the respective year they are appearing in.

IBPS Clerk Salary Structure

The salary structure of an IBPS Clerk includes various components and allowances.

Basic Pay: The basic pay of an IBPS Clerk is INR 11,765.

Dearness Allowance (DA): The DA is a cost of living adjustment allowance and is based on the Consumer Price Index (CPI). Currently, the DA is around 46.5% of the basic pay.

House Rent Allowance (HRA): The HRA is provided to IBPS Clerks to cover their accommodation expenses. It varies depending on the location of posting and can be 8.5% or 7.5% or 6.5% of the basic pay.

Special Allowance: The special allowance is 7.75% of the basic pay.

Transport Allowance: The transport allowance is provided to IBPS Clerks to cover their commuting expenses. It is fixed at a certain amount depending on the city of posting and can range from INR 425 to INR 4,200.

The total salary of an IBPS Clerk is the sum of the basic pay, DA, HRA, special allowance, and transport allowance. However, it’s important to note that the salary structure can vary based on factors such as the bank, location, and wage revision agreements.

IBPS Clerk Selection Process

The selection process for IBPS Clerk involves several stages. The first stage is the Preliminary Examination, which is conducted online. It consists of three sections: English Language, Numerical Ability, and Reasoning Ability. Candidates need to qualify in each section by securing the minimum qualifying marks to proceed to the next stage.

Candidates who qualify in the Preliminary Examination move on to the Main Examination. The Main Examination is also conducted online and consists of four sections: General/Financial Awareness, General English, Reasoning Ability & Computer Aptitude, and Quantitative Aptitude. Similar to the Preliminary Examination, candidates need to secure the minimum qualifying marks in each section to be considered for the next stage.

After the Main Examination, based on the vacancies and candidates’ performance, a merit list is prepared. Candidates who rank high in the merit list are provisionally allotted to one of the participating banks. The provisional allotment is based on the candidate’s preference, merit, and available vacancies.

The Preliminary Examination is of qualifying nature, and its scores are not considered for the final selection. The final selection is based on the candidate’s performance in the Main Examination and subsequent provisional allotment.

Candidates should also note that the participating banks may conduct a document verification process before the final appointment to verify the eligibility and documents submitted by the candidates.

IBPS Clerk Salary

The basic pay for an IBPS Clerk in 2023 was set at Rs. 19,900 with a yearly increment of Rs. 1,000 for the first year. The subsequent increments were as follows: Rs. 20,900 for the second year, Rs. 24,590 for the third year, Rs. 30,550 for the fourth year, and Rs. 42,600 for the seventh year. After this, the basic pay remained at Rs. 42,600 for a further year, with an annual increment of Rs. 3,270 until it reached Rs. 45,930. Finally, there was an increment of Rs. 1,990 to reach the final basic pay of Rs. 47,900.

The aspiring candidates planning to appear for the IBPS Clerk examination must ensure they are well-informed about the updated salary and comprehensive job profile for IBPS Clerk 2023. According to the official notification, the IBPS Clerk Salary for 2023 has been specified as Rs. 19,900-1,000/1-20,900-1,230/3-24,590-1,490/4-30,550-1,730/7-42,600-3,270/1-45,930-1,990/1-47,900.

The workload for an IBPS Clerk can vary based on several factors, including the specific bank, branch, and the volume of customer transactions. However, generally speaking, the workload for an IBPS Clerk can be moderate to high.

  • Customer Interactions: As a frontline staff member, IBPS Clerks have regular interactions with customers. They handle customer inquiries, provide account-related services, and assist with various banking transactions. The volume of customer interactions can vary based on the branch’s location, customer base, and the overall footfall.
  • Cash Management: IBPS Clerks are responsible for cash handling, including deposits, withdrawals, and currency management. They need to ensure accurate and efficient cash transactions while adhering to the bank’s policies and procedures.
  • Account Management: IBPS Clerks handle the opening, closing, and maintenance of customer accounts. They process account-related paperwork, update customer information, and manage account transactions, such as issuing checkbooks, updating passbooks, and resolving account discrepancies.
  • Documentation and Record-Keeping: Clerical work involves maintaining accurate records and documentation. IBPS Clerks need to maintain records of transactions, prepare reports, and ensure compliance with regulatory requirements. This can involve meticulous paperwork and attention to detail.
  • Back Office Operations: In addition to customer-facing responsibilities, IBPS Clerks may also have back-office duties. This can include tasks such as data entry, document verification, file maintenance, and processing loan applications or other banking-related paperwork.
  • Financial Services: IBPS Clerks may be involved in promoting various financial products and services offered by the bank, such as fixed deposits, mutual funds, and insurance policies. This can involve cross-selling and assisting customers with their financial needs.