Career As IBPS Clerk- What All You Need To Know

The Institute of Banking Personnel Selection (IBPS) conducts the exams every year for recruiting candidates for the Bank PO and Clerk vacancies across 17 national and state banks of the country.

Currently, there are 5800+ open vacancies for clerical jobs and the application process started on July 12, 2021. This is one of the most sought-after career paths as it is a governmental job and gives security until he or she attains the age of 60​.

The career path of IBPS is very competitive and requires a lot of patience. One has to clear two rounds of the selection process before getting the posting location. Hence, it is advisable to research properly before taking any career path.

Salary Structure of IBPS Clerk 2021

With the government job, the allowances or the incentives are an advantage as compared to the private job. Below are the different types of allowances given to the IBPS Clerk:

  • Medical Allowance: The amount is fixed at INR 2000. It is paid once a year.
  • Travel Allowance: All the official travels will be borne by the bank institute.
  • House Rent Allowances: The HRA will depend on the location of the post. It is 8.5% of the Basic Pay for Metro Cities, 7.5% of the Basic Pay for cities having a population of more than 5 lakhs, and 6.5% of the Basic Pay for other cities.
  • Dearness Allowances: This component is 4 percent of the Basic Pay. This allowance depends on the (Consumer Price Index) and is revised after every 3 months.

Below table shows the revised salary structure of the IBPS Clerk:

Facilities Places with population
Above 45 lakhs Below 45 lakhs
Basic Pay INR 11,765 INR 11,765
Dearness Allowance INR 5,311.58 INR 5,311.58
Special Allowance INR 911.79 INR 911.79
Transport Allowance INR 425 INR 425
CCA 0 0
House Rent Allowance(HRA) INR 1,176.5 INR 1,058.5
Total (without HRA) INR 18,413.37 INR 18,413.37

Career growth of IBPS Clerk

For someone who is joining as a clerk, the first promotion will be to the post of Bank PO. The following is the stages of career growth that you can get over the years of service after joining as bank Clerk

  • Bank clerk
  • Officer
  • Senior Officer
  • Assistant Manager
  • Manager
  • Senior Manager
  • Chief Manager
  • Assistant General Manager (AGM)
  • Deputy General Manager (DGM)
  • General Manager (GM)
  • Executive Director (ED)
  • Chairman and Managing Director (CMD)

Responsibilities of IBPS Bank Clerk

  • The bank clerk is responsible for handling the customers for all kinds of transactions at the bank.
  • A bank clerk has to perform additional tasks such as work as a cashier. So they need to be familiar with other equipment as well.
  • Direct the customers to bank personnel.
  • Maintain the financial records of customers.
  • Update customer’s banking details to the system.
  • Provide support to the administrative department.
  • Manage the cash transactions and assist in the locker/vault of the bank.
  • Maintain the ledger, balance tally, data entry and other similar tasks.
  • Provide authentic and complete data of plans and applications of the bank.
  • Answer visitor’s queries related to anything.
  • Develop a positive and friendly environment with the customer or visitors.
  • Conduct loan and credit card interviews.
  • Gather the customer’s financial information through other bank institutions.
  • Update the database for financial reporting.

Preparation of IBPS Exam 2021

There are two rounds of the IBPS Clerk Exam. The IBPS Clerk Prelims & Mains both have the same subjects and syllabus, but the difficulty level rises in the mains exam.

Aspirants usually prepare for the exam through coaching institutes and other private sources. Before attempting the IBPS Clerk Prelims Exam, it is recommended for the candidates to attempt IBPS Clerk Prelims Mock Test to get to know the exam pattern and understand the strong and weak areas. There are negative markings involved as well.

To sum it up, the eligibility criteria for appearing in the IBPS Exam is

  • Indian Citizen
  • Aspirants must have completed graduation in any field from a recognized institute.
  • Should be between the age group of 20-28 years. Relaxation of five years is given to the reserved category candidates.

Important dates for IBPS Exam 2021

According to the notification released by IBPS, the exams will be held as per the below schedule:


Event Date
IBPS Clerk 2021 Provisional Allotments January 2022
IBPS Clerk 2021 Mains Exam October 31, 2021
IBPS Clerk 2021 Mains Admit Card October 2021
IBPS Clerk 2021 Prelims Results September 2021
IBPS Clerk 2021 Prelims Exam Date   September 5, 2021

September 4, 2021

August 29, 2021

August 28, 2021


IBPS Clerk Pre-exam training August 16, 2021
IBPS Clerk 2021 Prelims Admit Card August 2021
IBPS Clerk 2021 Last Day to Apply August 1, 2021
IBPS Clerk 2021 Application Starting Date July 12, 2021
IBPS Clerk 2021 Notification Release Date July 11, 2021

Here are some common Frequently Asked Questions (FAQs) regarding the IBPS clerk.

Ques. Does the salary come with additional allowances?

Ans. Yes, apart from the salary, the IBPS Clerk also gets the allowances like DA, HRA, Medical, Travel, Transport Allowances. The rates for the allowances are revised by the government either quarterly or yearly.

Ques. What is the in-hand salary of an IBPS Clerk?

Ans. The in-hand salary of this post ranges from INR 19,000 to INR 23,000.

Ques. Which is better? Bank PO or Bank Clerk?

Ans. The PO is a more superior position compared to a clerk and is responsible as the supervisor of the clerical position. Bank PO is the better choice if you are able to crack both exams.

Ques. Can a candidate attempt for the IBPS Exam multiple times?

Ans. Yes, there is no limit to the number of attempts till you cross the age of 28 years. Relaxation of five years is given to the reserved category candidates.

Ques. Can a candidate use the reference books for the SBI Clerk exams for IBPS Clerk exams?

Ans. Yes, the syllabus for both the exams is quite similar and can be used for preparing the IBPS clerk exams.

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