IBPS Clerk Salary

IBPS Clerk Salary the salary of an IBPS Clerk is structured as per the norms and guidelines set by the participating banks. The salary components and allowances may vary from bank to bank.

The salary of an IBPS Clerk is determined by various components and allowances. 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.

After considering these components, the approximate salary in hand of an IBPS Clerk can range from INR Rs. 28,000 to Rs. 30,000 per month. Additionally, deductions for taxes, provident fund, and other factors may apply, further affecting the final salary in hand.

IBPS Clerk Job Profile

The job profile of an IBPS Clerk involves various responsibilities and tasks related to banking operations and customer service.

Customer Assistance: An IBPS Clerk interacts with customers on a daily basis, assisting them with their banking needs. They address customer queries, provide information about various banking products and services, and help customers with account-related issues.

Cash Handling and Transactions: IBPS Clerks are responsible for handling cash transactions, including deposits, withdrawals, and currency exchange. They ensure accurate and efficient processing of transactions, maintaining proper records, and balancing cash drawers.

Account Maintenance: IBPS Clerks perform account-related tasks such as opening new accounts, updating customer information, issuing checkbooks, and maintaining account statements. They handle account closures, transfers, and other account-related requests.

Document Verification and Record Maintenance: IBPS Clerks verify and authenticate customer documents for account opening, loan applications, and other banking services. They maintain proper records and documentation as per the bank’s guidelines and regulatory requirements.

Clerical Tasks: IBPS Clerks handle various clerical tasks, including data entry, filing, and maintaining registers and ledgers. They update customer information in the computer systems, prepare reports, and assist in administrative tasks as assigned by the bank.

Support for Banking Operations: IBPS Clerks provide support to other departments within the bank, such as loan processing, clearing operations, and general banking operations. They collaborate with other staff members to ensure smooth functioning of banking processes.

Compliance and Regulations: IBPS Clerks are expected to be aware of and adhere to the banking regulations, policies, and procedures. They ensure compliance with Know Your Customer (KYC) norms and other legal requirements.

Job Profile of an IBPS Clerk may vary slightly from bank to bank and can also evolve over time based on organizational needs and changes in the banking industry.

IBPS Clerk involves providing customer service, performing banking operations, and supporting various administrative tasks to ensure efficient and smooth banking operations.

IBPS Clerk Work Places

As an IBPS Clerk, your work location will be determined based on the bank where you are appointed. Many IBPS Clerks are assigned to bank branches located in urban areas such as cities and metropolitan regions. These branches typically have a higher volume of customers and offer a wide range of banking services.

Many IBPS Clerks are assigned to bank branches located in urban areas such as cities and metropolitan regions. These branches typically have a higher volume of customers and offer a wide range of banking services.

Regional Offices: IBPS Clerks may also work in regional offices of banks. These offices handle administrative and operational functions for multiple branches within a specific region. Clerks in regional offices may be involved in tasks such as data processing, account management, and coordinating with branches.

Back Offices: Some IBPS Clerks may work in back-office operations, where they handle administrative tasks, data entry, documentation, and other support functions for the bank. Back-office operations may include tasks related to accounts, loans, clearing, or other operational areas.

Work location for an IBPS Clerk will depend on various factors such as the bank’s requirements, vacancies, and the employee’s preferences. The allocation of work location is generally done by the bank based on their operational needs and organizational structure. During the application and selection process, candidates may have the opportunity to indicate their preferences for the work location. However, the final decision on the work location is typically made by the bank based on their policies and requirements. Candidates to carefully review the official notifications and consult with the respective banks for specific information regarding work locations and preferences during the recruitment process.

IBPS Clerk is a national-level recruitment examination conducted by the Institute of Banking Personnel Selection (IBPS) for the selection of candidates for clerical cadre positions in various participating banks across India. The IBPS Clerk examination is conducted on a yearly basis.

Participating Banks: The IBPS Clerk examination is conducted for the recruitment of clerical staff in participating public sector banks, including Allahabad Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Indian Bank, Punjab National Bank, State Bank of India, and many others.

Eligibility Criteria: The eligibility criteria for IBPS Clerk include educational qualifications (typically a bachelor’s degree) from a recognized university or equivalent, along with age criteria set by IBPS.

Exam Pattern: The IBPS Clerk examination consists of two phases: Preliminary Exam and Main Exam. The Preliminary Exam is objective in nature and includes sections such as English Language, Numerical Ability, and Reasoning Ability. The Main Exam is also objective and includes sections such as General/Financial Awareness, General English, Reasoning Ability, Computer Aptitude, and Quantitative Aptitude.

Language Proficiency: Proficiency in the official language of the state/UT for which the candidate is applying is necessary. Candidates should be able to read, write, and speak the local language.

Score Validity: The scores obtained in the IBPS Clerk examination are valid for one year, and successful candidates are eligible for recruitment in the participating banks within that period.

Final Selection: The final selection of candidates is based on their performance in the Main Exam and subsequent provisional allotment based on merit and preferences.