Job Profile and Career Growth of IBPS Clerk

Every year, in the month of September, the notification for IBPS Clerk Exam is released. In India, there are millions who aspire to crack IBPS Clerk exam. Predictably speaking, they must be eager to explore details about the salary, job profile and career growth chances of an IBPS Clerk. If you are one such aspirant then this article is very important for you. In this article, we will share vital information about the salary, job profile and career growth chances of an IBPS Clerk. We will cover significant topics, such as

1. Job profile of Clerk.
2. Salary of an IBPS Clerical Cadre.
3. Scope of Career Growth.

Job Profile of an IBPS Clerk

Generally speaking, in every bank, Clerk is an important post whose primarily role is to handle various significant works related to the customer’s accounts and solves their grievances, complaints and issues.

The job outline of IBPS Clerk is of different types such as Accounts Clerk, Data entry Clerk, Office Clerk, Loan clerks, etc. The Bank Clerk is the first point of contact person for any sort of inquiries and guidance. According to the bank policies, the clerk can also be promoted to upper level of clerical posts.

An IBPS job description is not restricted to responsibility like accounting but he has a key role to participate in the bank. The main roles and responsibilities of an IBPS Clerk are as follows:-

1. He has the role to play in Banking Document Verification

2. He has to responsibly handle single window counter task from time to time

3. He has to issue the Cash Receipts and ESI Stamps at the Counters

4. He has to attend Government Treasury Work

5. He has to update Pass Books of Account Holders

6. He has to perform back-office works like collection of receipts, maintenance of ledger, balance tally etc.

7. He has to verify cheques, sanction withdrawals, issue demand drafts and other customer related services. 

8. He has to hold bank cash, bank keys and further proceeds in safe custody in the bank branch

9. He is responsible for bank’s market financial products like loans, deposits, schemes to the visitors

10. With the advent of digitalization in Banks, the job profile of a Bank Clerk is primarily associated to work on computers and entering day to day transactions

11. The job profile of a Bank Clerk is often referred to as “Single Window Operators”, as they have to deal with the customers on daily basis.

 Salary Structure of IBPS Clerk

The basic reimburse of an IBPS Clerk is Rs. 11765/- per month, in the pay scale of Rs. 11765-655/3-13730-815/3-16175980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540.

Furthermore, IBPS Clerks are given additional or special pay and grants. 

Facilities offered	Salary
Basic Pay	Rs 13075
Special Allowance	Rs 1561
DA	Rs 7073
CCA	Rs 0
TA	Rs 425
Total (without HRA)	Rs 18413
HRA	980
Gross Salary	Rs 23115

* DA - Dearness allowances

* CCA - City Compensatory Allowance

* TA - Transport Allowance

* HRA - House Rent Allowance

• Dearness allowances: DA is calculated as 4% of basic pay and changed quarterly for every 3 months which is based on CPI (Consumer Price Index) declared by the banks.
• House Rent Allowance: HRA is 7-9% of basic pay. The HRA is different in different cities.

Cities	HRA %
Metro cities	8.5
Cities with population more than 5 lakhs	7.5
Other cities	6.5

• Special Allowance: 7.5%
• At the end of the one-year tune-up, you will be given a pay raise of 400/- and Rs. 500 pay raise in 2nd year.
• After the 10th Bipartite Wage Settlement of 2015, a Bank Clerk’s salary has been augmented from salary Rs. 21,339 to Rs. 23,117.

Important Note

As per the Banking norms, the salaries in Public Sector Banks are revised. The promotion of an individual is only judged by his performance.

IBPS Clerk Career Growth

Professionals don’t get Promotions for doing their job well but they do get promoted by demonstrating their potential to do more. Yes, it’s truly a fact that professionals who have tendency and hunger to perform better than the best get the deserving promotions and get specific Courses through Bank Coaching Pala.

In banking sector, the career growth options of IBPS Clerk are very invigorating, enterprising and encouraging in nature. After getting a job of Bank Clerk, you will get several chances of getting promoted to the higher level. There will be many bank aspirants who must have a dream of becoming bank officer. The aspirants who want promotion will have to apply for the promotion test and also have to appear in the examination. In addition, they have to undergo their services for at least 2 years in order to be eligible for the post of Officer.

In every two years, the promotions are conducted and clerks get the golden opportunity to take active part in it. For promotions, there are two processes where they can be promoted from clerical jobs to Officer’s job and they are as follows:-

 (1) Normal process 

(2) Merit basis process

The above mentioned two processes are applied to the individual candidates who will be examined and scrutinize by their performance and experience in the banking services.

1. Normal Process

In the Normal Process, the bank clerk has to successfully qualify the written exam and on the basis of his experience and seniority in the services of bank, he can be selected as an Officer in the bank. In this process, there is no need of JAIIB and CAIIB diploma. After qualifying the written exam, the bank clerk will be appointed as a Trainee Officer (TO) and later can become Probationary Officer (PO).  

2. Merit Basis Process

 In merit basis process, the bank clerk should have minimum of two year service as a clerk with a JAIB and CAIIB diploma conducted by the Indian Institute of Banking and Finance (IIBF). The candidate has to be a graduate or post graduate from any recognized university.

There are seven scales in officer cadre, after becoming Probationary Officers (PO) and these seven scales are:-

• 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.

In this article, we have comprehensibly discussed every important aspect of an IBPS Clerk Course.  As an aspirant, this information will be a great help to you. It’s important to be good but after certain time you should strive to better than the best. The career growth of IBPS Clerk promises you a thriving vertical growth, if you have the professional skills, strong-willed determination and positive attitude in you.

Wishing You All the Best!!!