IBPS Clerk Salary 2017 After 7th Pay Commission a Detailed Information

IBPS Clerk Salary 2017: Candidates searching for bank jobs in the society, might know about IBPS (Institute of Banking Personnel Selection) very well. Because it is familiar in conducting competitive exams for filling managerial and Clerical level vacancies in various reputed banks within India. The Common Written Exam for this year’s Clerical exam will be announced by IBPS very soon. Are you a graduate with computer proficiency? Then you can make an attempt for this upcoming IBPS Clerk Exam. But before that, do you people want to know about current salary package of Clerk in public sector banks? Just go through the following paragraphs to get idea about IBPS Clerk Salary 2017.

IBPS Clerk Salary details 2017 – Highlights
Exam Name IBPS CWE Clerk VII Exam 2017 Exam Type Objective
Information IBPS Clerk Salary Details 2017 Exam Category  Clerical
Exam Date Dec/ Jan 2017 Exam Phase Prelims, Mains
Authority Institute of Banking Personnel Selection (IBPS) Official Site www.ibps.in

IBPS Clerk Salary 2017 Details

In IBPS Clerk Common Recruitment Process (CRP) 2017, about 19 banks are going to participate. Details of participating banks are given in below table.

No Participating Banks
1 Allahabad Bank
2 Andhra Bank
3 Bank of Baroda
4 Bank  of India
5 Bank of Maharashtra
6 Canara Bank
7 Central Bank of India
8 Corporation Bank
9 Dena Bank
10 Indian bank
11 Indian Overseas Bank
12 Oriental Bank of Commerce
13 Punjab & Sind Bank
14 Punjab National bank
15 Syndicate Bank
16 UCO Bank
17 Union Bank of India
18 United Bank of India
19 Vijaya Bank

As a first stage of selection, first preliminary exam will be conducted by IBPS. Then those who are performing well in prelims exam (with good cut-offs) shall be invited for the final round of selection i.e. main exam. After completion of this Common Written Exam (prelims & mains), IBPS will issue score cards to qualified aspirants.

Then provisional allotment will be done on banks that are participating in this recruitment, based IBPS Clerk Score Card 2017.  Nearly 20000 Clerical vacancies in 19 banks are going to be filled through this upcoming IBPS exam.

All those banks will not follow same policy and rules. Depending upon banks, it will vary. Likewise the salary package of candidates also differs.

Duties of Clerk: On appointment to the respective banks, first training will be imparted to the candidates for a particular time period to mould them for doing following works.

  • Handling deposit & withdrawal cash
  • Payment Clearance
  • Delivering cheque books
  • Daily record of balance
  • Receipt collection
  • Data Entry, etc.

Some banks will place the candidates under probation also, for particular duration. A clerical staff in a bank will work as front office person and has direct interaction with public. They have to work on Computer by entering the day-to-day transaction details in system.

IBPS Clerk Salary Package:

Those who are successfully finishing training will be allowed to work as a Clerk in respective branches or administrative cadres of banks.

During training period also, candidates will be offered with salary per month. The salary offered during training is less than the salary offered by banks after training. Details are tabulated below.

Clerk Posts Salary
During Training period Rs.10000/- per month
After training period Rs.11765 to 31540/- per month

It should be remembered that, we have just mentioned the general salary applicable for a Clerk in banks on above table. As said earlier, the salary package of Clerk differs based on participating organization.

Some months before, a settlement reached between Union and Indian Bank’s Association to increase the salary & allowances of bank employees to 15%. Most probably the rule will be implemented from November onwards or before that. If happened so, the new in-hand salary of Clerks in government/ public sector banks will be as follows.

  • Approximately Rs.18100-19800/- (including allowances)

Other Allowances and Benefits of Clerk Jobs

Some special allowances will be given to Clerks, apart from the basic pay. Depending upon place of posting (metro cities/ rural/ semi-urban, etc), the allowances provided by bank also differs. Usual allowances applicable for a Clerk in any nationalized banks are tabulated below.

Allowances/ Benefits Amount
Dearness Allowance Rs.5311.58/-
Special Allowance Rs.911.79/-
House Rent Allowance

Rs.1176.5/- (place with population > 45 lakhs)

Rs.1058.85/- (place with population below 45 lakhs)

Transport Allowance Rs.425/-
Medical Allowance As per bank rules
Performance Bonus
Sick leave and others
Annual Increment

Promotional Benefits: Individuals getting placed as Clerk in banks are having a scope of promotion up to the level of General Manager. To reach this GM position, aspirants should work with efficiency, customer satisfactory performance, etc. Also the service period of candidates will be taken into consideration.

Aspirants can also participate in the promotional exams conducted by concerned banks. Here in the table we have given the details of step-by-step promotional scopes for a Clerk in bank.

Scale Scope of Promotion for Clerk
1 Officer/ Assistant Manager
2 Manager
3 Senior Manager
4 Chief Manager
5 Asst. General Manager
6 Deputy General Manager
7 General Manager
Reference Links
IBPS Clerk Salary details 2017 Click here
Official Site www.ibps.in

Aspirants who are searching for the details of IBPS Clerk Salary 2017 in banks can get it from the above section. Refer official notification released by IBPS to know about the provisional allotment details and others.

Updated: 2017-07-31 — 9:41 am

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