IBPS Clerk 2018 Salary Structure : Job Profile and Career Growth

The Institute of Banking Personnel Selection (IBPS) is conducting IBPS Clerk test for the recruitment of clerical cadres in 19 public sector banks in India. There are a total of 7225 vacancies announced in the participating banks. This is a great opportunity for candidates who are aspiring to work in the banking and financial sector.

Candidates appearing for the exam might be wondering what the IBPS Clerk Salary and the job profile are. IBPS Clerks get quite a decent salary and other benefits. Understanding the job profile, salary and scope of promotion is important before pursuing the career in this field.

IBPS Clerk Salary Structure

 Places With Population More Than 45 lakhsPlaces With Population Less Than 45 lakhs
Basic Pay

Rs 11765Rs 11765
Dearness AllowanceRs 5311Rs 5311
Travel AllowanceRs 425Rs 425
Special AllowanceRs 911Rs 911
House Rent AllowanceRs 1176Rs 1058
TotalRs 19588Rs 19470

IBPS Clerk Roles And Responsibilities

  1. Verification of various documents and proofs submitted by the customers
  2. Updating the pass books of account holders
  3. Responsible for bank cash, various important documents, keys, etc.
  4. Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc.
  5. Sanctioning of withdrawals by the customers
  6. Maintaining the various documents of the bank, balance sheets, ledger, etc.
  7. Resolving the various issues of the customers
  8. Providing information about the latest schemes and government policies
  9. Providing guidance to customers relating to various banking activities
  10. Attending to treasury works
  11. Resolving queries of the customers
  12. Miscellaneous tasks

IBPS Clerk Career Growth and Promotions

As per IBPS Clerk promotion process, the candidates would be promoted to higher posts on basis of their performance after working for 3 years.

There are two processes for clerical to officer promotion.

  1. Normal process
  2. Merit basis process

Under the Normal process, the employee (bank clerk) has to qualify written exam and on the basis of his experience and seniority in the services of the bank, he can be selected as Officer. In this process no JAIIB and CAIIB diploma are compulsory. After clearing this exam, you will become a Trainee Officer (TO). Trainee Officer can later become Probationary Officers (PO).

For merit basis promotion, two-year service (minimum) as a clerk with a JAIIB and CAIIB diploma conducted by Indian Institute of Banking and Finance (IIBF) is must with graduate/post graduate degree.

The further promotions from probationary officer are:

  1. Assistant Manager – Scale 1
  2. Manager – Scale 2
  3. Senior Manager – Scale 3
  4. Chief Manager – Scale 4
  5. Assistant General Manager – Scale 5
  6. Deputy General Manager – Scale 6
  7. General Manager – Scale 7

About Entri

Entri is an award-winning online platform which helps students to prepare for various competitive examinations and keeps them updated on various exam schedules. Practice question papers and mock tests for Kerala PSC, SSC CHSL, SSC CGL, IIT JEE Mains, NEET and more are available for students to know where they stand and prepare accordingly. Doubt forums are also made available to students to provide a platform for them to interact with experts and clear all their doubts and queries. A suitable app to help you stand out in various competitions. []

Entri wishes all the candidates the very best for the upcoming examination!

Download the Entri App  today to stay ahead of the competition!

Total
42
Shares
You May Also Like

RBI Assistant Exam Notification 2018-19

Contents0.1 Important Dates1 Vacancies2 Eligibility3 Selection Procedure4 Exam Pattern5 Syllabus6 Salary7 Application Procedure8 Admit Card9 Cutoff Marks10 Result11 Books for Reference12 Preparation Strategy13 Study Plan The Reserve Bank of India…
View Post

IBPS SO Salary – 2018-19

SALARY The IBPS has announced the Specialist Officer Exam in the official release of its notification for the year 2018-19. The IBPS SO is one of the most prestigious of all…
View Post