The first Basic Pay for IBPS Clerk is Rs 11,765.
The IBPS Clerk pay scale is: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
It means the minimum Basic Pay for IBPS Clerk is Rs 11,765 while the maximum is Rs 31540.
IBPS CLERK SALARY STRUCTURE 2020
| Facilities | Places with population > 45 lakhs | Below 45 lakhs |
| Basic Pay | Rs. 11765 | Rs. 11765 |
| Special Allowance | Rs. 911 | Rs. 911 |
| Dearness Allowance (DA) | Rs. 5311 | Rs. 5311 |
| Transport Allowance | Rs. 425 | Rs. 425 |
| Total (without House Rent Allowance) | Rs. 18413 | Rs. 18413 |
| House Rent Allowance (HRA) | Rs. 1176 | Rs. 1058 |
| Gross with HRA | Rs. 19589 | Rs. 19472 |
IBPS Clerk PayScale & Increments
| Initial Basic Pay | Rs 11,765, with a yearly increment of Rs 655 for three years |
| Basic Pay after 3 years | Rs 13730, with a yearly increment of Rs 815 for the next three years |
| Basic Pay after the next 3 years | Rs 16175, with a yearly increment of Rs 980 for the next four years |
| Basic Pay after the next 4 years | Rs 20095, with a yearly increment of Rs 1145 for the next 7 years |
| Basic Pay after the next 7 years | Rs 28110, with a yearly increment of Rs 2120 for next one year |
| Basic Pay after the next 1 year | Rs 30230, with a yearly increment of Rs 1310 for next one year |
| Basic Pay after next year | Rs 31540 (maximum Basic Pay) |
IBPS Clerk Promotions
IBPS Clerks have to work for a minimum period of 2 years before they can apply for promotions. Hereafter, they will get a chance to get promoted once every two years. Promotions are given the following two processes:
- Normal process
- Merit based process
Under Normal Process, IBPS Clerks are given promotions based on their experience and seniority. However, they will have to clear the written exam conducted internally. Candidates who get promotion through this process don’t need JAIIB and CAIIB Diploma. The Clerks after clearing the written exam to become Trainee Officer and then bank Probationary Officers (PO).
| 1. | Clerk |
| 2. | Officer |
| 3. | Senior Officer |
| 4. | Assistant Manager |
| 5. | Manager |
| 6. | Senior Manager |
| 7. | Chief Manager |
| 8. | AGM (Assistant General Manager) |
| 9. | DGM (Deputy General Manager) |
| 10. | GM (General Manager) |