State Bank of Travancore Clerk Salary

Can you provide me the salary for Clerk Post offered in State Bank of Travancore, which makes its recruitment through Institute of Banking Personnel Selection (IBPS) score?

[pawan]

State Bank of Travancore makes its recruitment for Clerk Post through Institute of Banking Personnel Selection (IBPS) score, so here I am providing you the salary structure for Clerk Post under IBPS:

IBPS Clerk Salary and Perks

Facilities Places with Population > 45 lakhs Below 45 Lakhs
Basic Pay Rs.11765/- Rs.11765/-
Special Allowance Rs.911.79/- Rs.911.79/-
DA Rs.5311.58/- Rs.5311.58/-
CCA Rs. 0/- Rs. 0/-
Transport Allowance Rs.425/- Rs.425/-
Total (without HRA) Rs.18413.37/- Rs.18413.37/-
HRA Rs.1176.5/- Rs.1058.85/-
Gross with HRA Rs.19589.87/- Rs.19472.22/-


The Basic Pay Scale of IBPS Clerk is Rs 11,765 Rs 42,020. Here Rs 11,765 is the Basic pay.

The main allowances that a Bank Clerk gets are following:

1. Dearness Allowance (DA): In Bank, DA is revised quarterly and is based on CPI as declared by the banks i.e. DA can go up with higher CPI and vice versa.

2. House Rent Allowance (HRA): It varies according to Clerks place of posting. And it can be 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations.

3. Medical Allowance: It is paid annually. And for a clerk, it is fixed at Rs 2000.

4. Transport Allowance (TA) It is also an additional amount on IBPS Clerk take home salary.

5. Medical Aid: All banks pay Medical Allowances to the Clerks per year. It is around Rs. 2000/- per year and for serious issue, employees can also get other medical benefits.

6. Leased Accommodation: Those, who are appointed as clerk through IBPS, will be admissible for Leased Accommodation from recruiting banks.

7. IBPS Clerk cash in hand salary: Rs 19,461.