Bank Clerk Salary in India

India is now one of the fastest rising markets for financial services and products in the world. So, a career in banking industry can result in a lucrative and rewarding employment.

Bank Clerk salary in India is also good, which comes with different benefits and allowances. Some of the health benefits offered are-

  • Medical benefits (68%)
  • Dental benefits (5%)
  • Vision benefits (5%)

Statistics for Bank Clerk Employment:

  • The percentage of females for bank clerk jobs in India is 33.
  • The percentage of males for bank clerk jobs in India is 67.
  • The average salary range for male bank clerk employees in India – INR 87,900 to INR 1,45,211
  • Percentage of bank clerks in India with less than 1 year experience – 54
  • Percentage of bank clerks in India with 1 to 4 years of experience – 23
  • Percentage of bank clerks in India with 5 to 9 years of experience – 6
  • Percentage of bank clerks in India with 10 to 19 years of experience – 9
  • Percentage of bank clerks in India with more than 20 years of experience – 9

Top Banks as per Highest Salary Range in India

  • State Bank of India (SBI)
  • HDFC Bank
  • ICICI Bank
  • Punjab National Bank (PNB)
  • AXIS Bank
  • Hong Kong & Shanghai Banking Corp (HSBC)
  • Kotak Mahindra Bank
  • Sundaram Bank
  • Oriental Bank of Commerce

Top Banks in India Recruiting Bank Clerks

Some of the public sector banks recruiting employees in clerical posts are –

  • State Bank of India
  • Reserve Bank of India
  • Bank of Maharashtra
  • Allahabad Bank
  • Bank of Baroda
  • Andhra Bank
  • Bank of India
  • IDBI Bank
  • Central bank of India
  • Canara Bank
  • Indian Overseas Bank
  • Dena Bank
  • Indian Bank
  • Corporation Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • Punjab and Sind Bank
  • UCO Bank
  • Union Bank
  • United Bank of India
  • Syndicate Bank

The most popular regional rural banks employing clerks are –

  • Andhra Pragathi Grameena Bank
  • Andhra Pradesh Gramin Vikas Bank
  • Assam Gramin Vikash Bank
  • Aryavart Gramin Bank
  • Baroda Uttar Pradesh Gramin Bank
  • Baroda Rajasthan Gramin Bank
  • Chaitanya Godavari Gramin Bank
  • Chhattisgarh Gramin Bank
  • Cauvery Kalpatharu Grameena Bank
  • Deccan Grameena Bank
  • Chikmagalur Kodagu Grameena Bank
  • Ellaquai Dehati Bank
  • Durg Rajnandgaon Gramin Bank
  • Gurgaon Gramin Bank

These following cooperative banks employ clerks –

  • Akola Urban Co-operative Bank Ltd
  • Abhyudaya Co-operative Bank Ltd
  • Apna Sahakari Bank Ltd
  • Andhra Pradesh State Co-operative Bank Ltd
  • Citizen Credit Co-Operative Bank Ltd
  • The Bharat Co-Operative Bank Ltd
  • Janakalyan Sahakari Bank Ltd
  • The Cosmos Co-Operative Bank Ltd
  • Thane Janata Sahakari Bank Ltd
  • Kangra Central Cooperative Bank Ltd
  • The Shamrao Vithal Co-Operative Bank Ltd
  • Mumbai Mahanagar Palika Shikshan Vibhag Sahakari Bank Ltd
  • Surat People’s Co-operative Bank
  • National Co-operative Bank Ltd
  • Rajgurunagar Sahakari Bank Ltd
  • Saraswat Co-operative Bank Ltd
  • Kurla Nagrik Sahakari Bank Ltd
  • Vaishya Sahakari Bank Ltd
  • The Urban Co-operative Bank
  • Latur District Central Co-Operative Bank Ltd
  • Vidya Sahakari Bank Ltd
  • The Maharashtra State Co-Operative Bank Ltd

The following private banks recruit employees in clerical posts –

  • HDFC Bank
  • ICICI Bank
  • IndusInd Bank
  • ING Vysya Bank
  • Catholic Syrian Bank
  • Bank of Punjab
  • Centurion Bank
  • Dhanalakshmi Bank
  • Axis Bank
  • United Western Bank
  • Jammu & Kashmir Bank
  • Laxmi Vilas Bank

The most popular foreign banks recruiting clerks are –

  • American Express Bank Ltd
  • ABN-AMRO Bank
  • Standard Chartered Bank
  • Citibank
  • HSBC Ltd
  • Deutsche Bank
  • Barclays Bank

Salary at the time of joining for Bank Clerks (according to regions), as per IBA (Indian Banks Association) regulation:

Salary Metropolis (region with more than 45 lakhs population) State Capitals (region with population of 12 to 45 lakhs) Regions with population below 5 lakhs to 12 lakhs Regions with population below 5 lakhs
Basic Salary INR 8,000 INR 8,000 INR 8,000 INR 8,000
Dearness Allowance INR 4,320 INR 4,320 INR 4,320 INR 4,320
HRA INR 800 (10% HRA) INR 720 (9% HRA) INR 600 (7.5% HRA) INR 560 (7% HRA)
Transport Allowance INR 225 INR 225 INR 225 INR 225
Total Salary INR 13,345 INR 13,265 INR 13,145 INR 13,105

Highest Salaries for Bank Clerical Posts in India (as per City)

  • Mumbai, Maharashtra
  • Kolkata, West Bengal
  • Hyderabad, Andhra Pradesh
  • Davanagere, Karnataka
  • Pune, Maharashtra
  • Highest Salaries for Bank Clerical Posts in India (as per State)
  • Maharashtra
  • Andhra Pradesh
  • West Bengal
  • Punjab
  • Karnataka
  • Uttar Pradesh
  • Orissa

Career Prospects for Bank Clerks

There is ample growth in a career as a bank clerk, as the Indian economy is growing at the rate of 9% per annum. According to the experts, India would surface as the third largest banking hub on earth by the year 2040. Within the seven growing market economies (E7), which include India, Russia, Indonesia, Mexico, China, Turkey, and Brazil, India is going to rank first. This is mainly due to several factors like younger population, low and slow penetration of banking sectors in the nation, and upswing in the country’s economy. Indian banking sector is showing an exponential growth. So, a career as a bank clerk is quite promising for the youths of today.

Academic Certifications required for a profession as an Bank Clerk

For employment as a bank clerk, the minimum academic qualification required is completion of higher secondary (10+2) with 65% in aggregate. For candidates belonging to reserved categories, the minimum required percentage is 60. However, the percentage for eligibility may vary from public sector to private and foreign banks. The candidates need to be between 18 years and 28 years of age. Eligible candidates need to qualify in the banking examination, followed by a personal interview. The banking examination (written) consists of the following-

  • Test of Numerical Ability
  • Test of English Language
  • Test of Reasoning
  • Test of General Awareness (with a special reference to the banking industry)