IBPS Clerk Recruitment: Vacancy, Salary, Job Profile, Work Pressure, Transfer, Promotions and Other Details

The Institute of Banking Personnel Selection (IBPS) has recently released its academic calendar for the year 2019 and the Registration process of some of the important exams like IBPS PO 2019, IBPS Clerk 2020 and IBPS RRB 2019  and thousands of students are gearing up to take these examinations. Talking about Clerical Cadre post in specific, every year thousands of students apply for this exam and considering the limited vacancies the competition is very high. It is important to know everything including job profile, salary, perks, promotions and other important information one needs to know before applying for IBPS Clerk.

Also Read:  LIC AAO or Bank PO: Which is a better career option?

IBPS Clerk Vacancies 2020:

In the year 2018, the total vacancy of 7275 released to fill clerical positions of 19 banks. In the present year the total released vacancies are mentioned in the below table:

IBPS Clerk Job Profile:

A person handling the position of clerk in a bank is often called as “Single Window Operator” as he is responsible for everyday office and accounts related issues in bank. Other than the mentioned responsibilities the clerk also needs to take care of below mentioned activities in the bank:

• Handling everyday cash withdrawals and deposits
• Taking responsibility of daily drafts, cheque receipt, pay orders and dividend warrants
• Making sure that payments are getting cleared on regular basis
• Balance sheet maintenance
• Keeping track of Balance tally, ledger, ESI Stamps
• Data Entry
• Issuing cheque books to clients
• Typing and recording important information about banks
• Pitching and marketing the bank products like mutual funds, loans, schemes and others.

IBPS Clerk Salary and Allowances:

A bank clerk receives a decent salary along with other perks and allowances to work at his post. The allowances include House Rent Allowance (HRA), Dearness Allowance (DA), Travel Allowance (TA) and others. Working as a bank clerk the candidates gets enormous opportunities to grow and get promoted to the next level. The overall salary package of the candidate may vary from bank to bank and city to city. The basic salary of a bank clerk is as mentioned below:

• Basic pay of bank clerk is Rs. 11, 765 to Rs. 31, 540
• Every year there is a chance of increment of Rs. 400 to 500 depending on performance
• Depending on the location of the bank, HRA will vary from Rs. 1058.85 to Rs. 1176.5
• DA is applied quarterly as per the Consumer Price Index
• Travel allowance received by a bank clerk is Rs. 425 approximately

IBPS Clerk Work Pressure:

Considering the fact that a bank clerk has to take care of a lot of responsibility hence the work pressure is considerably high and the candidate is expected to bring more business along with keeping the current clients happy.

IBPS Clerk Transfer:

The job of a bank clerk includes multiple transfers in their serving period. They transfer can be in the preferred city or state of the candidates sometimes, but mostly the transfer is based on the requirement created in a particular bank. Candidates may also need to serve in rural areas for some time.

IBPS Clerk Job Benefits and Perks:

Any candidate availing the job as a bank clerk after qualifying the IBPS can enjoy the following perks:

• Leased accommodation provided by the recruiting bank
• The person can avail the medical benefits for self and entire family also there is medical, allowance up to Rs. 2000 depending on the location.

IBPS Clerk Promotions:

 The Institute of Banking Personnel Selection (IBPS) ensures the promotion of the recruits from the post of a clerk to officer in one year based on the performance of the candidates in the tenure. Candidates are advised to appear for exams like JAIIB (Junior Associate of the Indian Institute of Bankers) and CAIIB (Certified Association of the Indian Institute of Bankers) which will increase the chances of promotions in shortest of time.

The promotions start from being promoted to Assistant Manager to up to General Manager. As described below:

1. Clerk
2. Assistant Manager
3. Manager
4. Senior Manager
5. Chief Manager
6. Assistant General Manager
7. Deputy General Manager
8. General Manager