IBPS Clerk/CWE Salary 2018 in Hand Starting Pay Scale Details


IBPS Clerk/CWE Salary

To know about IBPS Clerk/CWE Salary is required for all job seekers who have decided to apply for IBPS Clerk/CWE position. Dear job
finder please focus on the salary before proceed to apply or get their desire position in any organization because salary is an important think to make their and their children career on high level. So through this web page we are going to provide info about IBPS Clerk/CWE Salary for all applicants who have desire to know about it.
IBPS Clerk/CWE Salary
Interested and educated aspirants are advised to read whole info regarded to IBPS Clerk/CWE Salary from this page to take a big decision about applying for offered position. If you are thinking about to make your career in banking sector on offered position than you are required to paste a tag of salary also in mind to take more initiative in applying way. On this page overall details of Clerk/CWE Pay band are shown in simple manner for all applicants who are on this web page right now. There is a big competition because every educated candidate has a dream to get job in banking sector.
 

All job seekers who have dream to do work with Institute of Banking Personnel Selection they must read notifications announced by IBPS time to time to know eligibility criteria. Dear candidates all important notices of employment and other uploaded by Institute of Banking Personnel Selection on its official website that is www.ibps.in.


Dear job seekers if you have decided to get sure success in selection manner of Clerk/CWE then there is more chance of you to get proper salary associated with applied post. From here suitable and interested aspirants will be capable to check Hand Starting Pay Scale of Clerk/CWE and then take a benefit regarding career. All the best to all positive thinking appliers for banking jobs!!

Fine Details of www.ibps.in Clerk/CWE Salary Structure

Name of the Organization 
Institute of Banking Personnel Selection
Details About
IBPS Clerk/CWE Salary
Name of the Post
Clerk/CWE
Pay Scale
Published Below

www.ibps.in Clerk/CWE Pay Scale Full Details


IBPS Clerk Salary

IBPS Clerk Pay Scale and Perks:
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/
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.

Leased Accommodation: Aspirants, who will be appointed for the post of clerk through IBPS, will be able to get Leased Accommodation from recruiting organization.

Traveling Allowance: Candidates may also admissible for Traveling Allowance according to the distance between the work place and home.

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.



Salary Increment + Promotions
Clerk is the entry level position in any bank and after appointment, as candidates get experience of working or their daily schedules, they will acquire huge opportunities to prove their work qualities that may provide promotion to them and can also help them to reach the senior post.

Applicants can get the promotions on below mentioned scales as per their performance or according to the hierarchy level of bank promotions:
  • Scale 1 – Officer / Assistant Manager
  • Scale 2 – Manager
  • Scale 3 – Senior Manager
  • Scale 4 – Chief Manager
  • Scale 5 – Asst. General Manager
  • Scale 6 – Deputy General Manager
  • Scale 7 – General Manager

IBPS Clerk Salary Structure after 7th Pay Commission:
With the implement of 7th Pay Commission there is great hike in the bank employee’s salary whether they work on clerk position or on the manager position. The 7th Pay Commission is proved good to all and provides increment in the basic salary as well as in monthly allowances. All the public sector bank’s clerks now get the excellent pay scale by the government with improved rates.


Benefits of IBPS Clerk
All job seekers who are appointed as clerk through IBPS they get the additional benefits with the monthly salary by the banks as follows:
  • Employee Discount
  • Job Training & Tuition
  • Free Lunch or Snacks
  • Performance Bonus
  • Vacation & Paid Time Off
  • Sick Leave and others
  • Along with these Benefits the clerks also get more advantages as per Bank’s policies and rules. 


Note: You can check Official Link to get proper info about IBPS Clerk/CWE Salary Structure.

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