This year the IBPS Clerk Exam will be held during November and December. Lakhs of aspiring candidates take this exam every year and a lot of them have already submitted their application forms online.
Though Bank Clerk is one of the most sought after jobs, a lot of candidates still don’t know what will they be doing once they become a clerk. The following article will give you an idea of the various roles, responsibilities and job profile of a Bank Clerk.
When you join a bank as a clerk you will be under a six-month probation period. You will become a permanent employee after an assessment through a test or review of your performance during the probation period.
Roles and Responsibilities of a clerk
- Receive cheques, drafts, withdrawal forms, cash payment and cash passing, update passbooks, verify customer account details, signature, etc. and explain features of the banks various products to the customers.
- Hold the bank cash, bank keys, and other valuables in safe custody and be responsible for a streamlined running of the cash department.
- Monitor the work of other clerks and sub staff.
- Handle the deposit and withdrawal cash.
- Maintain a daily record of balance.
- Perform bank office works like receipts collection, ledger maintenance, balance tally, data entry, issue EDI stamps and issue cheque books after authentication of clients.
- Market financial products of the bank such as deposits, loans and schemes to visitors.
Salary, Perks and Allowances
Bank clerks have a fixed salary (basic pay), which ranges from 11,765 to 42,020, and a certain number of perks and allowances they’re entitled to. The salary structure of a bank clerk is something like this:
|Facilities||Places with population above 45 lakh||Places with population below 45 lakh|
|Total (without HRA)||Rs.18,413.37/-||Rs.18,413.37/-|
|Gross with HRA||Rs.19,589.87/-||Rs.19,472.22/-|
Dearness Allowance (DA): 39.4% of basic pay
DA is adjusted for every 3 months and will be changed according to the CPI (Customer Price Index) declared by the banks. The DA will either go up or down depending on the CPI. As per the latest CPI, the DA is Rs. 4,272.08.
HRA (House Rent Allowance): 7-9% of basic pay
The rent is different in different cities; hence, HRA will be given as per the city of posting.
Metro cities: 8.50% of basic pay
Cities with population more than 5 lakhs: 7:5% of basic pay
Other cities: 6.5% of basic pay
Special Allowance: 7.5%
Medical Allowance: Fixed at Rs. 20,000 and is paid annually.
After the 10th Bipartite Wage Settlement of 2015, a Bank Clerk’s salary will increase from now salary Rs. 21,339 to Rs. 23,117.
After becoming a bank clerk, you will get plenty of chances to get to promoted to the higher level. Most bank aspirants aim to become officers. There are two ways you can become an officer:
- Internal Examination: The most effective method of getting promoted to a higher post.
- Post-graduation Degree: Banks will consider moving you to an higher post based on your educational qualification.
Your increment as a clerk depends upon your performance during probation as well as while working various departments. After every two years, depending upon your performance, you will be selected for a senior level post and after a few years of service you will be eligible for an internal promotional exam. If you clear this exam, you will become a Trainee Officer (TO).
TO’s can later become Probationary Officers. You can also consider applying for private sector banks for better opportunities.
We hope this article gives you a fair idea about Clerical Officer’s responsibilities.
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