what is the starting salary of ibps clerk

Correct option is A

The starting salary of an IBPS Clerk is quite attractive and offers financial stability from the beginning of the career. As per the latest revised pay structure, the starting basic pay of an IBPS Clerk is ₹24,050 per month. This basic pay includes advance increments given to graduate candidates at the time of appointment. Apart from the basic pay, clerks are entitled to various allowances, which significantly increase the total salary. The most important of these is the Dearness Allowance (DA), which is linked to the Consumer Price Index and is revised every three months. Clerks also receive House Rent Allowance (HRA), which depends on the place of posting and is higher in metropolitan cities, along with a Special Allowance and Transport Allowance.

When all these components are added, the gross monthly salary of a newly appointed IBPS Clerk ranges from ₹40,000 to ₹41,000, depending on the city of posting. After deductions like Provident Fund (PF), National Pension Scheme (NPS) contributions, and taxes, the in-hand salary generally falls between ₹38,000 and ₹39,500 per month. Over time, clerks receive annual increments, and their basic pay gradually increases to ₹28,070 after three years and can go up to ₹64,480 at the maximum stage of their service. The salary, coupled with benefits like job security, medical facilities, and pension, makes the IBPS Clerk post a highly sought-after career option in the banking sector.