IBPS Clerk Salary Job Profile, Work Profile, Steps to future promotions.
IBPS Clerk Salary: Job Profile, Allowances and Future Growth/Promotion
The Institute of Banking Personnel Selection (IBPS Full Form) conducts their IBPS Clerk exam on a regular basis to recruit clerks across all their associated banks throughout the country. Before applying for the IBPS Clerk post, candidates should get themselves acquainted with all the required knowledge about the IBPS job profile, salary, incentives, and other key information. This will save you any confusion and allow you to make a well-informed decision.
The awaited result of the IBPS Clerk exam conducted last month has given each one of us heavy jitters. Although the clerk mains results are expected soon, no one in the entire country can say for sure when they will be out.
To counter this growing anxiety, we have decided to post IBPS Clerk Job Profile. Click here for IBPS Clerk Recruitment Notification.
This will help you figure out what exactly you will be doing after clearing the IBPS Clerk examination and subsequently working as a Clerk in Partner Banks. (Click here to see a list of partner banks and how to choose among them.)
This article will educate you about the profile, salary, role & responsibilities of the IBPS clerk. Getting acquainted with these functions will save you from unexpected surprises while working.
All the candidates selected for IBPS Clerk will be on a probation period of six months. After this period, you will be confirmed as a permanent employee only after an assessment through a test or review of your performance in the probation period.
IBPS Clerk Job Profile:
A Bank Clerk is the first point of contact for inquiries & guidance to the customers of every bank. As a Clerk you will be trained for either some or all of the following duties in the probation period:
1. IBPS Clerk: SINGLE WINDOW OPERATOR (SWO)
The following duties shall form part of the normal duties of an IBPS Clerk like receipt of cheques, drafts, cash passing and cash payment.
2.IBPS Clerk: HEAD CASHIER (HC)
The head cashier’s duties will involve holding the bank’s cash, bank keys and other such valuables in safe custody, jointly with an officer and being accountable and responsible for the streamlined running of the cash department.
3. IBPS Clerk: SPECIAL ASSISTANTS (SA)
The Special Assistant’s duties will be looking after and checking the work of other clerks and sub staff and also he/she will be accountable and responsible for running of their concerned department/section.
4. IBPS Clerk: UNIVERSAL TELLER: (UT)
The Universal teller’s duties will be to receive cheques, withdrawal forms etc, update pass books, verify customer’s account details, signature etc. And explain the features of Bank’s various products and services to customers,
5. IBPS Clerk: AGRICULTURAL ASSISTANTS:
In addition to the duties of clerical cadre, Agriculture Assistant’s duties will work in the issues related to agriculture.
IBPS Clerk Salary:
An IBPS Clerk, working in any of the 15 Public Sector banks recruiting through the IBPS Clerk Exam, is entitled to get various types of allowances, in addition to basic pay which is nearly the same in all the Public Sector Banks.
IBPS Clerk Basic Pay:
Let us now look into the detailed IBPS Clerk Salary Structure:
IBPS Clerk Allowances:
The main allowances that an IBPS Clerk, working in any of the 15 Public Sector banks, avails are
1. Special Allowance: Initially, the Special Allowance is 7.5 percent of the Basic Pay. After completing one year of service, Special Allowance will be increased by Rs 400 to Rs 50
2. Dearness Allowance:
DA is adjusted for every 3 months ie Quarterly increase happens in DA .The DA will be changed according to the consumer price index (CPI).So Based on CPI declared by the banks, the DA can go up or down with change in CPI.
3. House Rent Allowance:
As we all know that rent of house is different in different types of cities. So keeping that in mind, HRA is given as per the city of posting.
4. Medical Allowance:
This allowance is fixed at Rs 20000 and is paid annually.
5. Travel Allowance:
This is paid once a year. For IBPS Clerks, the amount is fixed at Rs 2000.
IBPS Clerk Scope of Promotion:
- As we all know that IBPS Clerk is the starting point of job in any Bank. That means you will get plenty of opportunities to get promoted to an officer cadre.
- As an IBPS Clerk you will be confirmed after 6 months of service.
- After a span of few years, you will become eligible for a promotional exam. If you clear this exam you can become a Trainee Officer(TO).
- After that he comes at the same level of PO, and all the future promotion prospects will be same to him as that of a PO.