Salary Range for an IBPS Clerk:

The Institute of Banking Personnel Selection (IBPS) conducts recruitment exams for various banking positions, including the role of a Clerk. The salary range for an IBPS Clerk is determined by several factors, including the organization's policies, location, and experience of the candidate. Here, we will discuss the salary structure and components of an IBPS Clerk salary.

Basic Pay:
The basic pay is the primary component of an IBPS Clerk's salary. The basic pay for an IBPS Clerk is fixed based on the 10th Bipartite Settlement, which is revised every five years. As of now, the basic pay for an IBPS Clerk ranges from Rs. 11,765 to Rs. 31,540.

Dearness Allowance (DA):
The Dearness Allowance is a component of an IBPS Clerk's salary that is revised quarterly based on the Consumer Price Index (CPI). The DA is calculated as a percentage of the basic pay and is aimed at offsetting the impact of inflation. Currently, the DA for an IBPS Clerk is around 40% of the basic pay.

House Rent Allowance (HRA):
The House Rent Allowance is provided to IBPS Clerks to cover their accommodation expenses. The HRA amount varies depending on the location of the posting. It is typically 7.5% of the basic pay for rural areas, 10% for semi-urban areas, and 15% for metropolitan cities.

Special Allowance:
The Special Allowance is an additional component of an IBPS Clerk's salary. It is fixed at 7.75% of the basic pay.

Medical Allowance:
IBPS Clerks are also entitled to a fixed medical allowance, which is typically around Rs. 2000 per annum.

Other Benefits:
In addition to the salary components mentioned above, IBPS Clerks also enjoy other benefits such as provident fund, gratuity, leave encashment, pension scheme, and various welfare schemes.

Conclusion:
The salary range for an IBPS Clerk is determined by the basic pay, dearness allowance, house rent allowance, special allowance, and medical allowance. The total salary package may vary based on the location, organization, and other factors. It is advisable to refer to the official notification or contact the respective bank for accurate and up-to-date information regarding the salary structure of an IBPS Clerk.