Saturday, 20 August 2016

IBPS Clerk Salary 2017 | 7th Pay Commission, New Pay Scale, Structure

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IBPS Clerk Salary

IBPS Clerk Salary 2017: How the 7th Pay Commission can affect New IBPS Clerk Salary? Check to Know!!! Institute of Banking Personnel Selection is an independent association in India and it conducts Common Written Examination (CWE) for the recruitment of Officers and Clerks in Indian banks. Candidates who are planning to apply for IBPS Clerk Post first they should know IBPS Clerk Salary Structure. Here you may get the complete details regarding the IBPS Clerk Pay Scale along with Allowances and other benefits etc from the below section page.
IBPS Clerk Salary
Salary structure of bank employees is revised and increment as per IBA 11 Bipartite Settlement. As lot of candidates getting queries regarding salary of Clerk, here we have provided the detailed manner of salary structure of Institute of Banking Personnel Selection Clerk posts. Check the below section for more details regarding IBPS Clerk Scale of Pay after revision. Please have a look below!!!

Read This Notification: IBPS Clerk Recruitment 

IBPS Clerk Salary

IBPS Clerk Pay Scale and Perks 2017:

Facilities
Places with Population > 45 lakhs
Below 45 Lakhs
Basic Pay
Rs.11765/-
Rs.11765/-
Special Allowance
Rs.911.79/-
Rs.911.79/-
DA
Rs.5311.58/-
Rs.5311.58/-
CCA
Rs. 0/-
Rs. 0/-
Transport Allowance
Rs.425/-
Rs.425/-
Total (without HRA)
Rs.18413.37/-
Rs.18413.37/-
HRA
Rs.1176.5/-
Rs.1058.85/-
Gross with HRA
Rs.19589.87/-
Rs.19472.22/-

IBPS Clerk New Salary Scale:

Grade
Existing Basic Pay
Revised Basic Pay
Annual Increment – New
Starting
Closing
Starting
Closing
Clerk
Rs. 11765
31540
30000
68900
1500/3 – 1900/8 – 2400/8

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Clerk Salary and other Allowances:

Dearness Allowance (DA)

In Bank, DA is revised quarterly and is based on CPI as declared by the banks i.e. DA can go up with higher CPI and vice versa.

House Rent Allowance (HRA)

This varies according to Clerk’s place of posting. And it can be 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations.

Medical Allowance

This allowance is paid annually. And for a clerk, it is fixed at Rs 2000.

Transport Allowance (TA):

It is also an additional amount on IBPS Clerk take home salary. IBPS Clerk cash in hand salary: Rs 19,461.
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IBPS Clerk Salary After 11th Bipartite Settlement:
  • If the Indian Banks’ Association (IBA) agrees for 20% increment, Final Basic Pay will be Rs.15, 374. So, you obtain total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk will be Rs.21, 339/- (Worst Possible Scenario)
  • If IBA agrees for 25% increment, Final Basic Pay will be Rs.16,015.So, total Gross Salary of Bank fresher Clerk will be Rs.22,228/- (Somewhat Good)
  • If IBA agrees for 30% increment, Final Basic Pay will be Rs.16, 655. So, total Gross Salary of Bank fresher Clerk will be Rs. 23,117/- (Good Settlement).
Increment (%)
Basic Pay
Total Gross Salary
15%
Rs.14,733/-
Rs.20, 450/-.
20%
Rs.15,374/-
Rs.21,339/-
25%
Rs.16,015/-
Rs.22,228/
30%
Rs.16,655/-
Rs.23,117/-


Clerk Salary After Revision:
  • After the 11th Bipartite Wage Settlement of 2015, a bank clerk is entitled to take a pay scale of Rs 21,990 within hand salary of Rs 19,461.
  • With the Govt. setting up the stage for 11th wage revision talks, now IBA & Employee union associations must start the formal process.
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