What Should You Understand About IBPS Clerk Pay Scale?

The IBPS clerk position in India’s public sector banks is one of the most secure jobs in the country. The Institute of Banking Personnel Selection conducts the clerical exam each year. The IBPS clerk pay scale is one of the major draws for thousands of aspirants. The banking sector in India has very high growth prospects, attracting many young professionals to this sector. 

Here are some of the things you should know about the IBPS clerk pay scale structure. 

How Is the in-Hand Salary Calculated? 

The in-hand salary of an entry-level IBPS clerk ranges between INR 19,000 and INR 22,000 per month. The compensation includes basic pay, which is around INR 11,500. There may be slight variations depending on which bank the clerk has joined and where the bank is located. 

Special Benefits and Allowances

Special benefits, DA, HRA, and transport costs are some of the other perks added to the basic pay. Other benefits include the medical allowance of INR 2000 and travel allowance, which is reimbursed by the bank at their discretion. 

As the clerk completes more years in service, the basic pay increases. The other perks and benefits increase, too, as they are calculated at specific percentages of the basic pay. 

Structure of Pay Through the Years 

The basic pay rises every three to four years. Starting from joining and the number of years the clerk has completed in service, the pay scale is usually as follows. 

  • 11765-655
  • 3-13730-815
  • 3-16175-980
  • 4-20095-1145
  • 7-28110-2120
  • 1-30230
  • 1310-1-31540


The IBPS clerk pay scale also increases with every promotion the clerk gets. Of course, once the clerk has received an upgrade to the next position, he or she no longer remains a clerk. 

The banks conduct internal interviews and exams from time to time to fill the higher-level vacancies. An IBPS clerk employed with the bank can appear for the exams to get a promotion. Notifications of the said position are sent yearly or at the discretion of the bank. 

Difference in Pay

There might be some difference in the IBPS clerk pay scale depending on the clerk’s location. The in-hand pay might change depending on whether the bank is located in the rural or urban areas. The main difference is seen in the HRA as housing rent in metro cities is significantly higher than in suburban areas. 

Hence, in metro cities, the HRA is calculated at 8.5% of the basic pay. In other cities, where the population is over five lakhs, the HRA is calculated at 7.5% of basic salary. In all other areas, it is calculated at 6.5% of basic pay. 

Having a clear understanding of the IBPS salary structure makes the job aspirant even more focused. He or she knows about the perks and advantages that the job offers and how it will impact their finances for the better. 

The IBPS clerk exam is not a very difficult exam to pass, but from thousands of aspirants all around the country, only a handful is chosen. The salary structure acts as an incentive for them to perform better than the rest to secure the job.