javascript:void(0) Latest IBPS Bank Clerk Salary - Pay Scale, Gross, Take Home Salary ~ Bank Exams

Latest IBPS Bank Clerk Salary - Pay Scale, Gross, Take Home Salary

Quite often students ask about what is the latest salary of IBPS Bank Clerk in Public Sector Banks or in Private sector banks. I am going to explain in details about the latest salary of IBPS Bank Clerk or Assistant in public sector as well as private sector banks.

The last revision of salary of bank employee took place in May 2015 wef November 2012. The next revision of salary is due from November 2017. Hence the salary of Bank Clerk is under revision.

First let me tell you about the pay scale of a Bank Clerk. The pay scale of a Bank Clerk will look like this, Rs. 11765 - (655x3) - 13730 - (815x3) - 16175 - (980x4) - 20095 - (1145x7) - 28110 - (2120x1) - 30230 - (1310x1) – 31540. It means that the starting basic salary will be Rs. 11765 thereafter there will be different annual increments (the figures in the brackets indicate the annual increments and the number of stages for which the same is applicable).

Therefore you can see that the starting basic salary of a Bank Clerk is Rs. 11765. On this basic salary there will be various allowances which will be payable to a bank clerk. The Dearness Allowance is a major allowance and currently it is about 48 % of salary. Therefore on a basic of Rs. 11765 you will get Dearness Allowance of Rs. 5647. Dearness Allowance is revised every quarter and generally it increases. You will also get Special Allowance of 7.75% of your basic and Dearness Allowance is also payable on it. Hence it will be about Rs. 912 + Rs. 438 = Rs. 1350. The HRA of 10% or 9% or 7.5% is also payable depending on the place of posting. Hence considering the minimum you will get Rs. 882 as HRA.

Therefore we can very well arrive that the gross salary of a Bank Clerk at the minimum of its scale will be Rs. 11765 + Rs. 5647 + Rs. 1350 + Rs. 882 = Rs 19644. In metro it will be about Rs. 20500.

There are a few allowances as well such as Newspaper allowance, petrol allowance, officiating allowance through which you may get Rs. 3000 to Rs. 4000 per month.

Apart from the salary you will also get many benefits such as concessionary loans, provident fund, pension benefits, gratuity, LFC facility, scholarship for kids, medical facility and various other indirect benefits.

The salary of a Bank Clerk may appear low but it is a very good job. The element of job security is there, you will also having regulated working hours and there are very less transfers. So in many ways the job of a Bank Clerk is better than that of a Bank Probationary Officer. The salary of a Bank Clerk in Public Sector as well as Private Sector is almost similar. However the job security is more in public sector banks.
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