IBPS Clerk Salary Per Month: Basic Pay, Allowances and Worked In-Hand Calculation 2026

The ibps clerk salary per month is about Rs 39,367 in hand for a new clerk starting on the basic pay of Rs 24,050, and about Rs 43,633 in hand for a graduate starting on Rs 26,730 with two advance increments. These are estimates worked out step by step below. The IBPS CRP CSA-XVI notification publishes only the pay scale under the 12th Bipartite Settlement — it never publishes an in-hand figure. The calculation uses Dearness Allowance of 27.83%, the verified rate for August to October 2026, and the rates are dated so you can check them. Candidates who appeared in the Prelims can also read our SSC CGL Salary Per Month In Hand guide for a central government comparison.

IBPS Clerk Salary Per Month 2026 – Overview

Bank clerks are not paid under a Pay Commission. Their pay comes from the 12th Bipartite Settlement between the Indian Banks’ Association and the unions, signed on 8 March 2024 and effective from 1 November 2022 to 31 October 2027. That settlement, not the IBPS notification, fixes the allowance rates used in this guide.

IBPS Clerk Pay Scale and Basic Pay

The IBPS clerk salary per month starts at a basic pay of Rs 24,050, and the pay scale runs to Rs 64,480 after 20 years of service: Rs 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. Read it left to right: three annual increments of Rs 1,340 take the basic to Rs 28,070, then the increment rises in steps until the top of the scale. Beyond the maximum, the settlement allows 11 stagnation increments of Rs 2,680, one every two years, taking the basic up to Rs 93,960.

Graduates start higher. Graduate candidates receive two advance increments, so a graduate clerk starts on a basic pay of Rs 26,730 (Rs 24,050 plus Rs 1,340 plus Rs 1,340). That single difference is worth about Rs 4,266 a month in take-home pay at the current DA rate, which is why different websites quote very different “IBPS clerk salary” figures — some use Rs 24,050 and some use Rs 26,730, often without saying which.

IBPS Clerk Allowances Breakdown

Basic pay is only part of the salary. Four allowances sit on top of it, and each one is fixed by the settlement or by a DA circular — not by IBPS.

Special Allowance – 26.50% of basic pay, with DA on it. For a starting clerk this is Rs 6,373 a month. It is part of the monthly salary but does not count towards pension, provident fund, NPS or gratuity.

Dearness Allowance (DA) – 27.83% for August to October 2026. Bank DA is linked to the All India Consumer Price Index for Industrial Workers and changes every quarter — in February, May, August and November. The 27.83% rate is set out in AIBEA circular 30/11/2026/37. DA is paid on basic pay, on the special allowance and on the transport allowance. The next revision was due from 1 November 2026 and had not been verified at the time of writing, so the figures in this guide use the verified 27.83% rate — the in-hand salary moves slightly when the new rate is published.

House Rent Allowance (HRA) – 10.25% of basic pay, at every centre. HRA is 10.25% of pay (basic pay plus any qualification pay, not special allowance or DA). A clerk in Mumbai and a clerk in a small town get exactly the same HRA — Rs 2,465 a month at the starting basic. This is the biggest difference from central government jobs, where HRA is 30% in metros and 10% in small towns. Where the bank provides quarters, HRA is not paid.

Transport Allowance – Rs 850 a month, plus DA on it. At the current DA rate this comes to about Rs 1,087 a month (Rs 850 plus Rs 237).

IBPS Clerk In-Hand Salary Calculation

The IBPS clerk salary per month in hand is not published anywhere officially, so the honest way to arrive at it is to work it out: basic pay plus special allowance plus transport allowance plus DA plus HRA, minus NPS and professional tax. Here is the full worked calculation for a new clerk on the starting basic of Rs 24,050, at the DA rate of 27.83%.

Each line is shown to the nearest rupee and the totals are worked on the exact amounts, which is why the rounded lines can add up to a rupee less than the total. Subtract your state’s professional tax to get the final figure — some states levy none, and the constitutional cap is Rs 2,500 a year.

For a graduate starting on Rs 26,730 (two advance increments), the same method gives a gross salary of about Rs 47,050 and a take-home of about Rs 43,633 before professional tax: basic Rs 26,730, special allowance Rs 7,083, transport allowance Rs 850, DA Rs 9,647, HRA Rs 2,740, less NPS of Rs 3,417.

Why Other Websites Quote Different IBPS Clerk Salaries

If you have seen IBPS clerk in-hand figures anywhere from Rs 37,734 to Rs 44,330, none of them is wrong on its own arithmetic — they use different starting assumptions, and most pages do not state them. Here is what each one is actually built on.

The honest range for a new clerk is therefore about Rs 39,367 to Rs 43,633 a month before professional tax at the current DA rate — the lower end for a clerk starting on Rs 24,050, the higher end for a graduate starting on Rs 26,730. A single exact number quoted without its basic pay and DA rate is a guess, not a fact.

IBPS Clerk Salary After 5 Years

Each year of service earns one increment, so the IBPS clerk salary per month grows even without a promotion. The table below holds DA at the current 27.83% so that only the effect of the increments is visible — in practice DA changes every quarter, so treat these as illustrative.

The jump in year 5 is larger because the annual increment rises from Rs 1,340 to Rs 1,650 after the basic pay reaches Rs 28,070.

Deductions from IBPS Clerk Salary

National Pension System (NPS) – 10% of basic pay plus DA on basic. For a starting clerk this is Rs 3,074 a month. The bank adds 14% of the same amount — Rs 4,304 a month — to the NPS account on top of the salary; that share does not appear in the monthly pay slip.

Income tax – usually nil at the starting salary. Under the new tax regime for 2026-27, total income up to Rs 12 lakh carries no tax after the rebate, and salaried employees get a Rs 75,000 standard deduction, so a new clerk normally pays no income tax. This changes as the basic pay rises with increments.

Professional tax – state-wise. Set by the state government; some states levy none, and the constitutional cap is Rs 2,500 a year. Union subscription, staff welfare or insurance premiums apply only where the employee has opted in, and vary by bank.

Probation, JAIIB/CAIIB and Career Growth

Probation and training. The initial training/probation period for a newly joined clerk is 6 months, which the bank may extend at its discretion. During this period the clerk is paid at the starting basic pay plus applicable allowances — no separate stipend figure is published for this period.

JAIIB and CAIIB. Passing the Indian Institute of Banking and Finance’s JAIIB and CAIIB examinations earns qualification increments under the bank’s rules, and the number of increments depends on the stage at which the candidate qualifies. Once a clerk reaches the top of the scale, the 12th Bipartite Settlement pays Professional Qualification Pay instead — Rs 940 a month one year after reaching the maximum, rising to Rs 1,880 and then Rs 2,820 for CAIIB holders. This qualification pay counts as pay for DA and superannuation.

Clerk to officer. A clerk can move into the officer cadre in two ways: through the bank’s internal promotion process, which has its own service and examination conditions, or by clearing an officer recruitment examination such as IBPS PO. Officer Scale I starts at a basic pay of Rs 48,480 under the 9th Joint Note — roughly double the clerical starting basic. For a central government pay comparison, read our SSC GD Salary 2027 guide.

IBPS Clerk CRP CSA-XVI 2026 – Exam Status

The CRP CSA-XVI cycle was notified on 1 August 2026 for 11,403 Customer Service Associate posts, later revised to 11,663 (reported update of 29 September 2026). Applications closed on 28 August 2026. The Preliminary Examination was held on 10 and 11 October 2026, and the Main Examination is scheduled for 27 December 2026 under the IBPS exam calendar 2026–27. The Prelims is only a qualifying filter — its marks do not carry into the final merit, which is decided by the Main Examination, followed by the Local Language Proficiency Test. Candidates should check ibps.in for the Prelims result and the Main call letter, since dates can change.

Important Links

Frequently Asked Questions (FAQs)

What is the IBPS clerk salary per month?

The IBPS clerk salary per month is about Rs 39,367 in hand for a new clerk starting on the basic pay of Rs 24,050, and about Rs 43,633 in hand for a graduate starting on Rs 26,730 with two advance increments. Both figures are estimates worked out from the DA rate of 27.83% for August to October 2026, and both are before professional tax. IBPS publishes only the pay scale, never an in-hand figure.

What is the basic pay of an IBPS clerk?

The basic pay of an IBPS clerk is Rs 24,050 per month, the first stage of the clerical scale under the 12th Bipartite Settlement. Graduate candidates receive two advance increments, taking their starting basic pay to Rs 26,730. The pay scale runs from Rs 24,050 to Rs 64,480 over 20 years.

What is the DA rate for IBPS clerk salary in 2026?

Dearness Allowance for IBPS clerks is 27.83% for August to October 2026, as set out in AIBEA circular 30/11/2026/37. Bank DA is linked to the All India Consumer Price Index for Industrial Workers and is revised every quarter, in February, May, August and November. The next revision was due from 1 November 2026 and had not been verified at the time of writing.

Does the IBPS clerk salary differ by city?

No. House Rent Allowance for IBPS clerks is a flat 10.25% of basic pay at every centre under the 12th Bipartite Settlement, so a clerk in Mumbai and a clerk in a small town get the same gross salary. Take-home pay can differ slightly because professional tax depends on the state. This is different from central government jobs, where HRA is 30% in metros and 10% in small towns.

What is the special allowance for IBPS clerks?

The special allowance for IBPS clerks is 26.50% of basic pay, with DA paid on it as well. For a starting clerk it is Rs 6,373 a month. It is part of the monthly salary but does not count towards pension, provident fund, NPS or gratuity.

What is the gross salary of an IBPS clerk?

The gross salary of a new IBPS clerk is about Rs 42,442 a month at the DA rate of 27.83%: basic pay Rs 24,050, special allowance Rs 6,373, transport allowance Rs 850, Dearness Allowance Rs 8,703 and HRA Rs 2,465. For a graduate starting on Rs 26,730, the gross salary is about Rs 47,050 a month.

What deductions apply to IBPS clerk salary?

The main deduction is the NPS contribution of 10% of basic pay plus DA on basic — Rs 3,074 a month for a starting clerk. The bank adds 14% of the same amount to the NPS account. Income tax is usually nil at the starting salary under the new tax regime, and professional tax depends on the state, with some states levying none.

What is the IBPS clerk salary after 5 years?

After 5 years of service, an IBPS clerk’s basic pay is Rs 29,720 and the gross salary is about Rs 52,192 a month at the DA rate of 27.83%. After the NPS deduction of Rs 3,799, the take-home pay is about Rs 48,392 before professional tax. These figures hold DA fixed so that only the effect of annual increments is visible.

How can an IBPS clerk become an officer?

An IBPS clerk can become an officer through the bank’s internal promotion process, which has its own service and examination conditions, or by clearing an officer recruitment examination such as IBPS PO. Officer Scale I starts at a basic pay of Rs 48,480 under the 9th Joint Note. Passing JAIIB and CAIIB also earns qualification increments along the way.

What is the status of IBPS Clerk CRP CSA-XVI 2026?

IBPS Clerk CRP CSA-XVI 2026 was notified on 1 August 2026 for 11,403 Customer Service Associate posts, later revised to 11,663. The Preliminary Examination was held on 10 and 11 October 2026, and the Main Examination is scheduled for 27 December 2026. The Prelims is only a qualifying filter, and the final merit is decided by the Main Examination, followed by the Local Language Proficiency Test.

For more government jobs and daily updates, browse the Latest Jobs section of New Sarkari Results, and always verify the final details in the official IBPS CRP CSA-XVI notification on ibps.in.

Written by Ravi Singh

Ravi Singh is the Editor (Government Jobs) at New Sarkari Results, an independent information portal for Sarkari Result, Sarkari Naukri, admit card, answer key, syllabus and admission updates. He has 10+ years of experience covering Government Jobs, Railway Jobs, SSC, Banking, Teaching, Police, Defence and state recruitment boards. Every update on this site is verified directly from the official notification PDF issued by the commission or board — never from third-party aggregators.