IBPS Clerk Vacancies 2025 Increased to 13533; Check Details

Selected candidates will get a salary amount only after a few deductions, called in-hand salary. The In-hand salary for the Tier-I, Tier-II and Tier-III cities is different. For example, if you are posted in Mumbai, Delhi, Kolkata, your in-hand salary amount would be slightly more than others. The In-hand salary given will be inclusive of allowances as per the 7th pay commission. 

• The basic pay of an IBPS clerk is INR 19,900 per month.
• The pay scale of IBPS Clerk is INR 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540

The table below shows the year-wise IBPS Clerk salary.

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.