What is IBPS Clerk salary?

IBPS Clerk, now officially known as Customer Service Associate (CSA), is one of the most popular entry-level banking jobs in India, attracting lakhs of aspirants every year due to its stable salary, job security, and long-term career growth opportunities.
As per the 12th Bipartite Settlement, the starting basic pay of an IBPS Clerk is ₹24,050 per month, revised upward from the earlier ₹19,900. The structured 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 over a span of 20 years, ensuring consistent financial growth throughout the career.
The gross monthly salary of an IBPS Clerk is approximately ₹40,720, which includes Dearness Allowance (DA) revised quarterly based on CPI, House Rent Allowance (HRA) ranging from 6.5% to 8.5% of basic pay depending on city category, Special Allowance of ₹7,083, Medical Allowance of ₹2,000 per annum, and Travel Allowance for official tours. After standard deductions including NPS contribution, Provident Fund, and professional tax, the net in-hand salary is approximately ₹39,000 to ₹40,000 per month.
Employees posted in metro X-category cities enjoy higher HRA, making the take-home salary slightly higher compared to smaller cities. However, the cost of living difference balances the overall savings across postings.
After 5 years of service, the in-hand salary rises to approximately ₹45,000–₹48,000, and after 10 years it can reach ₹55,000–₹60,000 through annual increments and DA revisions. The 12th Bipartite Settlement has brought a significant 17% hike in the overall salary structure across all public sector banks.
Beyond monthly salary, IBPS Clerks enjoy medical reimbursements, NPS pension benefits, Leave Travel Concession, staff loan at concessional rates, and a clear promotion path. The promotion hierarchy follows: Bank Clerk (CSA) → Officer/Assistant Manager → Manager → Senior Manager → Chief Manager → Assistant General Manager → Deputy General Manager → General Manager, with each level bringing a substantial salary enhancement.