Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

The pay Scale of the Clerical post in the Indian Bank is given below

Pay Scale

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

Facilities Provided Places with Population above 4.5 million Places with Population below 4.5 million
Basic Pay Rs 11765 Rs 11765
Special Allowance Rs 911 Rs 911
DA Rs 5311 Rs 5311
CCA Rs 0 Rs 0
TA Rs 425 Rs 425
Total (without HRA) Rs 18413 Rs 18413
HRA 1176 Rs 1058
Gross Salary Rs 19589 Rs 19472


* DA - Dearness allowances
* CCA - City Compensatory Allowance
* TA - Transport Allowance
* HRA - House Rent Allowance


Allowance
Dearness allowances: DA is 4% of basic pay and revised 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.

Special Allowance :

Special Allowance: 7.5%
After completion of the one-year service, you will an increment of 400/- and Rs. 500 increment in 2nd year.
After the 10th Bipartite Wage Settlement of 2015, a Bank Clerk’s salary has increased from now salary Rs. 21,339 to Rs. 23,117.