I want to apply for the IBPS Clerk exam and want to know how much I have to score in IBPS Clerk to clear this exam. Will you tell me is there any specific website available from where I can check the details and also provide me IBPS Clerk Probation Period?

The Institute of Banking Personnel Selection (IBPS) has recently released the IBPS Clerk notification for the recruitment of clerical cadres in 19 public sector banks in India.

IBPS Clerk Probation Period

All the candidates selected for IBPS Clerk will be on a probation period of six months.

After this period, you will be confirmed as permanent employee only after an assessment through a test or review of your performance in the probation period.

IBPS Clerk Basic Pay:

Places With Population More Than 45 lakhs Places With Population Less Than 45 lakhs
Basic Pay Rs 11765 Rs 11765
Dearness Allowance Rs 5311 Rs 5311
Travel Allowance Rs 425 Rs 425
Special Allowance Rs 911 Rs 911
House Rent Allowance Rs 1176 Rs 1058
Total IBPS Clerk Salary Rs 19588 Rs 19470

Allowances:

The different allowances are tabulated below:

Special Allowance
Initially, the Special Allowance is 7.5 percent of the Basic Pay. After completing one year of service, Special Allowance will be increased by Rs 400 to Rs 500.

Dearness Allowance (DA)
This component is 4 percent of the IBPS Clerk Basic Pay. DA depends on the CPI and is revised quarterly, i.e. after every three months.

House Rent Allowance (HRA)
The HRA depends on the location of the posting. It will be 8.5 percent of the Basic Pay for Metro Cities, 7.5 percent of the Basic Pay for cities having a population of more than 5 lakhs, and 6.5 percent of the Basic Pay for other cities.

Travel Allowance
Expenses on official tours and travels will be reimbursed by the bank.

Medical Allowance
This is paid once a year. For IBPS Clerks, the amount is fixed at Rs 2000.