IBPS Clerk Salary Structure 2024
As per the IBPS Clerk 2024, the pay scale of an IBPS Clerk is Rs.19900-1000/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.
Therefore, the in-hand salary of an IBPS Clerk may range between Rs. 28,000 to Rs. 30,000 per month.
Below is the table with a glimpse of the IBPS Clerk Salary Structure that will be offered to the candidates selected in IBPS Clerk 2024 Recruitment.
| Basic Pay |
₹ 19,900.00/- |
| Dearness Allowance |
₹ 5,209.82/- |
| Special Allowance |
₹ 4,118.00/- |
| Transport Allowance |
₹ 757.08 |
| CCA |
₹ 0.00/- |
| House Rent Allowance(HRA) |
₹ 2,039.75/- |
| Gross Pay |
₹ 32,024.65 |
| Deduction (NPS Fund, Union Fee) |
₹ 2,570.98/- |
| Net Pay |
₹ 29,453.67/- |
IBPS Clerk Salary 2024: Increments
Given below is the sum of Basic Pay that makes up the total
IBPS CLerk Salary. This implies that
the minimum Basic Pay for IBPS Clerk is ₹ 19,900 with an increment every year.
| Basic Pay |
Amount |
| Initial Basic Pay |
₹ 19,900 with a yearly increment of ₹ 1,000 |
| Basic Pay after 3 years |
₹ 20,900 with a yearly increment of ₹ 1,230 for next three years. |
| Basic Pay after the next 3 years |
₹ 24,590 with a yearly increment of ₹ 1,490 for the next four years |
| Basic Pay after the next 4 years |
₹ 30,550 with a yearly increment of ₹ 1730 for the next 7 years |
| Basic Pay after the next 7 years |
₹ 42,600 with a yearly increment of ₹ 3270 for the next one year |
| Basic Pay after the next 1 year |
₹ 45,930 with a yearly increment of ₹ 1990 for the next one year |
| Basic Pay after next year |
₹ 47,920 (Maximum Basic Pay) |
IBPS Clerk Allowances 2024
IBPS Clerk is also liable to get other allowances besides salary which depends on the place of posting.
These other allowances like TA, DA, and HRA are added to the salary and the total amount is what a person under IBPS Clerk gets in hand.
| Component |
Details |
| Special Allowance |
7.5% of the basic pay, after completion of 1 year it may increase from 400 to 500. |
| Dearness Allowance |
It is 48.51% of the basic pay which is revised quarterly |
| House rent allowance |
It depends on the posting of the location. It is highest at 8.5%in the metropolitan cities. |
| Travel Allowance |
These expenses are reimbursed by the banks(on official tours and travels only) |
| Medical Allowance |
It is 2000/per year |