What is ibps and what is ibps clerk salary :- IBPS Clerk Salary (in hand), Job Profile, Career Growth, Promotion
The official notification for the recruitment of IBPS Clerk is already out. In the post, you can go through IBPS Clerk salary, job profile, type of work, career growth, and perks details to understand what exactly can you expect once you are finally selected under IBPS exam.
IBPS Clerk Job Profile
There are different types of job profile of a bank clerk, like Accounts Clerk, Data entry Clerk, Office Clerk, Loan clerks, etc. you will shift lower to upper-level clerk post according to bank policies. The clerk is the first point of contact person for inquiries & guidance.
In every bank, Clerk is a relevant post. An essential role of clerk in the bank is to handle many valuable works related to the customer’s accounts and solves their complaints and issues.
The job description of a Bank Clerk is not limited to a single type of duty like in accounting. As a Bank Clerk, your significant roles and responsibilities will be the following.
Banking Document Verification
Manning Single Window Counter task time to time
Issue Cash Receipts and ESI Stamps at Counters
Attending to Government Treasury Work
Pass Books Updation of Account Holders
A bank clerk also performs back-office works like a collection of receipts, maintenance of ledger, balance tally, etc.
ibps clerk salary
A bank clerk is also Holds the bank cash, bank keys, and other valuables in safe custody and others.
The bank clerk is also responsible for market financial products of the bank such as deposits, loans, and schemes to visitors.
However, with the digitization of the bank, these days the job profile of bank clerk is mostly related to working on the computer and entering the day to day transaction.
Because of the dealing of a bank clerk with the customers, their job profile is also known as Single Window Operators.
The basic pay of an IBPS Clerk is Rs. 11765/- per month, in the scale of Rs. 11765-655/3-13730-815/3-16175980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540. In addition to this, IBPS Clerks are also entitled to other special pay and allowances.
An increment of 20% to 30% in Salary of IBPS Clerk and at most we get 25% increment and its full-fledged details regarding IBPS Clerk Salary 2018 are as shown below:
If Indian Banks Association (IBA) agrees for 20% increment:
Recruited candidates will get Rs.15, 374 /- as an IBPS Clerk Starting Salary and you can get additional benefits such as 38.80% of DA & HRA on basic salary. So, total Gross Salary given to Bank fresher Clerk will be Rs.21, 339/- per month.
salary of ibps po
If the Indian Bank Association (IBA) agrees for 25% increment:
Aspirants who have enrolled for bank clerk jobs will attain Rs.16,015/- per month as basic salary so total Gross Salary of Bank fresher Clerk will be Rs.22,228/- (IBPS RRB Clerk Salary)
If IBA agrees for 30% increment:
Final IBPS Bank Clerk Salary of Rs.16, 655 /- will be given to selected candidates. So, total Gross Salary of Bank Clerk will be Rs. 23,117/- (Good Settlement).
IBPS Clerk Career Growth
After becoming a bank clerk, you will get multiple chances to get promoted to the higher level. Most of the bank aspirants want to become officers. All the candidates who wish to get promotion from clerk to Officer need to apply for the promotion test and appeared for examination as well and also undergo their service for at least 2 years to be eligible for promotion to Officer.
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The promotions are conducted every two years, and clerks have the opportunity to take part in it and eligible for promotion to Officer. There are two processes for clerical to Officer Promotion:
(1) Normal operation
(2) Merit basis process
These two processes are applied to individual candidates depending on their performance and experience in the banking services.
(1) Under the Normal process, the employee (bank clerk) has to qualify written exam, and by his experience and seniority in the services of a 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).
(2) Merit basis process: 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.
After becoming Probationary Officers (PO), there are seven scales in officer cadre:
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.