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IBPS Clerk Salary Structure 2018 CWE VII Pay Scale & Allowances

IBPS Clerk Salary Structure 2018

IBPS Clerk Salary Structure, Institute of Banking Personnel Selection Conducts the exam each year for the clerical cadre post for recruits the applicants in 27 PSU banks and in rural regional bank, candidate who are interested in applying for the post first of all wants to know IBPS clerk salary structure and pay allowance. IBPS conduct the Common written Exam for the clerical cadre. The exam is conducted through the online mode. Preliminary, mains and interview process is done in the recruitment of clerk. Candidate who plans to apply for the post of clerk in the IBPS can get here all complete related information to IBPS clerk salary structure and also about allowances which is given by the banks.


IBPS Clerk Pay Scale & Allowances 2018

In the training period of 2 years the candidate will only get approximate INR 10000/-after the initial training period the candidate will get salary according to the post of his in the organization .the applicant of clerical cadre will receive Dearness Allowance (DA), Special Allowance (SA), House Rent Allowance (HRA), City Compensatory Allowance (CCA) and the other allowance for the PO are Leased Accommodation, Traveling Allowance, Newspaper Reimbursement, Medical Aid.

IBPS Clerk Pay Scale 2018

Every year IBPS appoints approx 60,000 -70000 clerks in the public sector banks. the selection is made on the basis of Common Written exam this year IBPS will conduct the phase VII exam for the appointing the clerk in the banks . After completion of Probation Period clerks are promoted for the post of Officer. In the below section you will find the basic pay detail and allowance details

Component And Facilities Provided
Places With Population
Places With Population
Above 45 lakhs
Below 45 Lakhs
Basic Pay
Rs. 11765/-
Rs. 11765/-
Special Allowance
Rs. 911.79/-
Rs. 911.79/-
DA (Dearness Allowances)
Rs. 5311.58/-
Rs. 5311.58/-
CCA
Rs. 0/-
Rs. 0/-
Transport Allowance (TA)
Rs. 425/-
Rs. 425/-
Total (without HRA)
Rs. 18413.37/-
Rs. 18413.37/-
HRA
Rs. 1176.5/-
Rs. 1058.85/-
Gross with HRA
Rs. 19589.87/-
Rs. 19472.22/-

IBPS Clerk Allowance 2018

Here we will discuss with you about the allowance of the clerical cadre applicant I. e. DA, CCA, TA, HRA. Now in this section you will find what is the meaning of all these allowances .so let’s start with the basic pay.

Basic Pay Scale of IBPS Clerk is Rs. 11765- 31540/- and the basic pay will be change after probation period of the candidates.

·         Dearness Allowance (DA) is a cost of living adjustment allowance paid to all government employees in the bank

·         House Rent Allowance can vary from bank to bank According to Bank PO’s place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.

·         City Compensatory Allowance (CCA) is also depend upon the location of posting. It may be 4% or 3 % or 0%.

·         Leased Accommodation those, who are appointed as clerk through IBPS, will be admissible for Leased Accommodation from recruiting banks
.
·         Traveling Allowances the banks also gives the Traveling Allowance to the Clerks. These allowances are based on the distance between the work place and home.

·         Medical Aid every bank pay Medical Allowances to the Clerks per year. It is around Rs. 2000/- per year and for serious issue, employees can also get other medical benefits.

IBPS Clerk Salary Structure after 11th Bipartite

We are excepting that the increment in the basic of the IBPS clerk will be between 20 % to 30 % the most chances of increment in the basic pay of clerk is 25%. The complete information is mention in below.

If Indian Banks’ Association (IBA) agrees for 20% increment, Final Basic Pay will be Rs.15, 374. So, you acquire total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk will be Rs.21, 339/- (Worst Possible Scenario)

If Indian Banks’ Association (IBA) agrees for 25% increment, Final Basic Pay will be Rs.16, 015. So, total Gross Salary of Bank fresher Clerk will be Rs.22, 228/- (Somewhat Good)

If IBA agree for 30% increment, Final Basic Pay will be Rs.16, 655. So, total Gross Salary of Bank fresher Clerk will be Rs.23, 117/- (Good Settlement).

IBPS Clerk Pay Scale after the 11th Bipartite

Increment (%)
Basic Pay
Total Gross Salary
15%
Rs.14,733/-
Rs.20,450/-.
20%
Rs.15,374/-
Rs.21,339/-
25%
Rs.16,015/-
Rs.22,228/
30%
Rs.16,655/-
Rs.23,117/-

IBPS Clerk Salary After The 7th Pay Commission

The central government employee will get better salary after the applying 7th pay commission the candidate of banks will also get better salary from the organization. According to the guidelines of 7th pay commission the bank employee will get the following basic pay. There will be increment in the salary of the clerk which is mention in the below table

Grade
Existing Basic Pay
Revised Basic Pay
Annual Increment – New
Starting
Closing
Starting
Closing
Clerk
Rs. 11765
31540
30000
68900
1500/3 – 1900/8 – 2400/8

Important Links

Download Salary List 2018 PDF
Update Soon
Official website

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