1 month ago
IBPS Clerk Recruitment 2024: The Institute of Banking Personnel Selection has announced the IBPS Clerk Mains Result 2024 today, April 1, 2024. Candidates who have participated in the Clerk Mains exam can check and download the results by visiting the official website of IBPS at ibps.in.
The IBPS Clerk Main exam was conducted on October 7, 2023 across the country.
Provisional allotments have been made according to the state-wise and category-wise vacancies for the clerical cadre in the year 2024-25, as provided by the participating banks.
In this article, let's check out IBPS clerk's career growth, salary structure and what allowances do they get.
IBPS Clerk Salary Structure 2024
The starting salary package for a Clerk ranges from Rs 28,000 to Rs 30,000 per month upon joining, with a starting basic pay of Rs 19,900. Following the training period, additional perks and benefits are incorporated, subject to variance across different banks.
| Salary Structure | Amount |
| Basic Pay | Rs 19900 |
| Conveyance Allowance | Rs 757.08 |
| Dearness Allowance | Rs 5209.82 |
| SPL DA | Rs 4118 |
| HRA | Rs 2039.75 |
| Total | Rs 32024.65 |
| Gross Salary | Rs 32024.65 |
IBPS Clerk Career Growth 2024
Career growth within IBPS Clerk positions generally starts with promotions. As clerks accumulate experience and tenure, they qualify for promotions to higher roles within the bank hierarchy. These growth in career might entail roles like Officer/Assistant Manager, Manager, and beyond.
To enrich career progression prospects, ongoing skill refinement and knowledge augmentation across diverse banking functions are imperative. Engaging in training initiatives, workshops, and acquiring certifications pertinent to banking and finance can substantially enhance job prospects and unveil fresh avenues for growth.
IBPS Clerk Salary Allowances 2024
| Allowance | Structure |
| Special Allowance | After one year, it increases from Rs. 400 to Rs. 500, constituting 7.5% of the basic pay. |
| Dearness Allowance | This element amounts to 4% of the Basic Pay and is subject to revision every three months based on the Consumer Price Index (CPI). |
| House rent allowance | Housing Rent Allowance (HRA) varies according to the posting location: 8.5% of Basic Pay for Metro Cities, 7.5% for cities with populations exceeding 500,000, and 6.5% for other cities. |
| Travel Allowance | Banks reimburse these expenses exclusively for official tours and travels. |
| Medical Allowance | The annual amount is fixed at Rs. 2000. |
Disclaimer: These figures may change anytime, therefore, candidates are advised to check the official notification and the official website of IBPS.
