IBPS Clerk: What is the salary structure, job profile, promotions and other perks of the job? Check details

Pragatti Oberoi

IBPS Clerk is a position for which recruitment takes place almost every year. Read more here to know the salary structure, job profile, promotions and other perks of IBPS Clerk job.

IBPS Clerk: Salary, Job profile, Promotions & other perks

IBPS Clerk: Salary, Job profile, Promotions & other perks  |  Photo Credit: Representative Image

Institute of Banking Personnel Selection, IBPS conducts the recruitment process for IBPS Clerk position every year. Many positions are rolled out and many also appear for the recruitment exam but only a few get through. The perks and the salary are one of the big driving factors behind people choosing this job. Even though the position is not of Officer Scale, it still comes with many benefits and perks as compared to any other job of a similar scale.

IBPS Clerk position gets filled through a recruitment exam. First an IBPS Prelims Exam is held. Candidates who clear it become eligible for the IBPS Clerk Mains exam. Only after the latter is held, a provisional allotment list is released for the final selection which is subject to candidates qualifying the eligibility criteria. This time the IBPS Clerk Prelims Exam 2021 is scheduled to be held on August 28, 29 and September 4, 5, while the IBPS Main Exam is scheduled for October 31, 2021.

However, what is it that makes this Clerk job so interesting? What is the pay scale, what are the perks that people get? The questions to all the answers have been given below along with many other things that one should know about if chosen for the IBPS Clerk role. Also Read: IBPS Clerk 2021 notification released on ibps.in - check here

IBPS Clerk: Salary Structure, Job Profile, Promotions and Other Perks

IBPS Clerk Salary Structure

IBPS Clerk position consists of a Basic Pay and some level of increment at a particular time. Even though the Basic Pay is around Rs. 11,765 initially, on it increment also gets added after a particular time. The detailed salary structure and increment can be checked below.

Rs. 11,765 with an yearly increment of Rs.655 for three years

Rs 13730, with a yearly increment of Rs 815 for the next three years

Rs 16175, with a yearly increment of Rs 980 for the next four years

This process continues and has been given only for the candidates to get an idea of how it works and follows. It is to be noted that these amounts are not fixed and are subject to change as per the guidelines released every year.

IBPS Clerk Job Profile

IBPS Clerks are known to be an important part of any bank in the country. They are also a point of contact with customers and tend to solve queries and solve various problems that the customers might face. There are various roles an IBPS Clerk might assume like Loan Clerks, Accounts Clerks, Data Entry Clerks, and Office Clerks among many others. The job profile along with roles and responsibilities can be checked here.

  1. Updating passbooks for customers.
  2. Issuing passbooks, cash receipts, handling keys, other important documents etc.
  3. Maintaining documents of banks like ledger, balance sheet etc.
  4. Sanctioning cash withdrawals.
  5. Giving information to customers about various schemes and new policies of the bank.
  6. Resolving queries of the customer and helping them out.
  7. Any other miscellaneous tasks.

IBPS Clerk Promotions

IBPS Clerk Promotions do happen but only after someone has worked for a minimum period of 2 years. It is only after this time that they can apply for promotion. After this time, promotions happen on the basis of work done. There are two ways in which promotions happen:

  1. Merit Based: Here, IBPS Clerks get promotions based on their merit or qualifications and additional certificates as well.
  2. Normal Process: here, IBPS Clerks get promotions based on their seniority and experience. After promotion, IBPS Clerks tend to become Trainee Officers or Probationary Officers.

IBPS Clerk Other Perks

IBPS Clerks get various allowances and perks as a part of their job and salary. This includes Dearness Allowance (DA), House Rent Allowance (HRA), Travel Allowance, Special Allowance and even Medical Allowance. The amount of all these allowances is fixed but is subject to change as per the guidelines from the governing authority.

These were some of the explainers about the IBPS Clerk job role and why this job is lucrative for many people. People interested in it must go through all the articles and updates on IBPS Clerk 2021 here on Times Now.

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