IBPS Clerk Salary 2026: Check In-Hand Salary Slip, Pay Scale, Allowances, Job Profile and Career Growth
The starting basic pay of an IBPS Clerk is Rs. 24,050. After adding different allowances, the gross monthly salary can be around Rs. 40,720, depending on the posting location and applicable allowances. In this article, we will have a look at the salary of IBPS Clerk.
The starting basic pay for an IBPS Clerk is ₹24,050 per month under the 12th Bipartite Settlement, but candidates may receive ₹26,730 for graduates who receive advance increments. Candidates who enter the bank with a graduation degree receive two advance increments right at the start. Due to this, the starting basic pay increases from ₹24,050 to ₹26,730.
IBPS Clerk Pay Scale 2026
The IBPS Clerk pay scale is:
₹24,050-1,340/3-28,070-1,650/3-33,020-2,000/4-41,020-2,340/7-57,400-4,400/1-61,800-2,680/1-64,480
Under this pay scale, the starting basic pay is Rs. 24,050 and the maximum basic pay can reach Rs. 64,480 over a period of 20 years. The amount of annual increment changes at different stages of service.
IBPS Clerk Salary Structure 2026
The monthly salary of an IBPS Clerk consists of basic pay and various allowances. Based on the figures provided, the salary structure is as follows:
| Salary Component | Amount |
|---|---|
| Basic Pay | Rs. 24,050 |
| House Rent Allowance | Rs. 2,739.83 |
| Dearness Allowance | Rs. 4,769.12 |
| SPL DA | Rs. 1,114.23 |
| Transport Allowance | Rs. 850 |
| TA DA | Rs. 133.71 |
| Gross Salary | Rs. 40,720.34 |
The actual salary may vary depending on the employee’s place of posting and the allowances applicable at that time.
IBPS Clerk Salary Deductions
Certain deductions are made from the monthly salary. These may include pension fund contribution, professional tax and other applicable deductions.
| Deduction | Amount |
|---|---|
| Pension Fund Contribution | Rs. 2,886 |
| Death Relief Fund | Rs. 40 |
| Professional Tax | Rs. 60 |
| Total Deductions | Rs. 2,986 |
Based on the given gross salary and deductions, the take-home salary would be approximately Rs. 37,734 per month.
If we consider Basic Pay as Rs.26630 then the salary slip is as follows:
| Allowance Code | Amount (Rs.) |
|---|---|
| BP | 26,730.00 |
| DA | 7,740.65 |
| HRA | 2,941.76 |
| CON-AS | 850.00 |
| S-ALLOW | 7,083.45 |
| CSA | 1,970.00 |
| Total Pay | 47,315.86 |
Gross Pay is Rs 47,315.86 and deductions are Rs.2986. So net salary becomes Rs.44329.86.
IBPS Clerk Salary Slip 2026
IBPS Clerk Yearly Increments
IBPS Clerks receive regular increments according to the applicable pay scale. As employees complete different stages of service, their basic pay increases.
| Stage | Basic Pay and Increment |
|---|---|
| Initial Basic Pay | Rs. 24,050 + Rs. 1,340 annual increment |
| After 3 years | Rs. 28,070 + Rs. 1,650 annual increment for next 3 years |
| After next 3 years | Rs. 33,020 + Rs. 2,000 annual increment for next 4 years |
| After next 4 years | Rs. 41,020 + Rs. 2,340 annual increment for next 7 years |
| After next 7 years | Rs. 57,400 + Rs. 4,400 increment for next year |
| After next 1 year | Rs. 61,800 + Rs. 2,680 increment for next year |
| Maximum Basic Pay | Rs. 64,480 |
IBPS Clerk Allowances
Apart from basic pay, IBPS Clerks receive different allowances that increase their overall salary. The amount of some allowances can vary according to the place of posting and other applicable conditions.
- Special Allowance: The Special Allowance is stated as 7.5% of the basic pay.
- Dearness Allowance: Dearness Allowance (DA) is provided to employees to help compensate for changes in the cost of living. The provided salary details state DA at 19.83% of basic pay.
- House Rent Allowance: House Rent Allowance (HRA) depends on the place of posting. According to the provided details, HRA can be as high as 8.5% in some metropolitan cities.
- Travel Allowance: Banks reimburse eligible expenses incurred by employees on official tours and travel according to applicable rules.
IBPS Clerk Salary After 12th Bipartite Settlement
The salary structure of bank employees was revised following the 12th Bipartite Settlement. According to the provided information, salaries of employees working in public sector banks received a 17% hike.
| Before 12th BPS | After 12th BPS |
|---|---|
| Rs. 19,900-1,000/1-20,900-1,230/3-24,590-1,490/4-30,550-1,730/7-42,600-3,270/1-45,930-1,990/1-47,920 | Rs. 24,050-1,340/3-28,070-1,650/3-33,020-2,000/4-41,020-2,340/7-57,400-4,400/1-61,800-2,680/1-64,480 |
The revised pay scale provides a starting basic pay of Rs. 24,050 and a maximum basic pay of Rs. 64,480.
IBPS Clerk Job Profile
An IBPS Clerk performs several important banking duties and usually works directly with customers. The role involves customer service, cash handling, account-related work and various day-to-day banking operations. Due to the customer-facing nature of the job, the role is also commonly known as a Single Window Operator.
An IBPS Clerk may handle deposits and withdrawals, open new accounts, collect cash, issue bank statements and update passbooks. Their responsibilities may also include issuing Demand Drafts (DDs), processing cash receipts, handling withdrawal requests, maintaining ledgers and other records, guiding customers about banking services and performing treasury-related work.
Career Growth and Promotion
In most of the banks, IBPS Clerk can apply for promotion to officer cadre after 2 years. In banks, promotions are fast and a clerk can easily become an officer after 2 years of service.
