What is IBPS Clerk salary?

<p>IBPS Clerk salary is the sum of basic pay and other allowances such as HRA (House Rent Allowance and Dearness allowances etc.) The first basic pay for IBPS Clerk is INR 19,900.&nbsp;</p><ul><li>Basic Pay after 3 years - 20,900, with a yearly increment of 1230 for the next three years</li><li>Basic Pay after the next 3 years - 24,590, with a yearly increment of 1490 for the next four years</li><li>Basic Pay after the next 4 years - 30,550, with a yearly increment of 1730 for the next 7 years</li><li>Basic Pay after the next 7 years - 42,600, with a yearly increment of 3270 for the next year</li><li>Basic Pay after the next 1 year - 45,930, with a yearly increment of 1990 for the next year</li><li>Basic Pay after next year 1 year - 47,920 (maximum Basic Pay)</li></ul>

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<p>The public sector banks in India offer lucrative salaries to Clerical cadre posts along with various perks, incentives and benefits. Therefore, the in-hand salary of an IBPS Clerk may range between INR 28,000 to 30,000 per month. The following allowances are offered to IBPS Clerk: Dearness Allowance: This component is 4 per cent of the Basic Pay. DA depends on the CPI and is revised after every three months. House Rent Allowance: The HRA is dependent on the location of the posting. It is 8.5 per cent of the Basic Pay for Metro Cities, 7.5 per cent of the Basic Pay for cities having a population of more than 5 Lacs, and 6.5 per cent of the Basic Pay for other cities. Travel Allowance: The official tours and travels will be reimbursed by the bank. Medical Allowance: For IBPS Clerks, the amount is fixed at INR 2000. Medical allowance is provided once in a year. Special Allowance: For IBPS Clerk this amount is fixed at INR 4118.</p>

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