At the time of choosing a job in a banking career, the majority of candidates may go for government job opportunities due to various benefits. Some government jobs are contract based while others are permanent. While applying for the IBPS clerk exam, one of the first questions that arise in their mind is, “Is an IBPS Clerk a Government Job?” 

To clear doubts related to this question, read the full article. 

Is an IBPS Clerk job Government or not?

Nowadays, every candidate wants job security for themselves and their future with a good salary due to that reason, they choose IBPS bank jobs. To get selected for IBPS Clerk (Clerical Cadre), a candidate has to qualify for two exams that are prelims and mains. 

While the Institute of Banking Personnel Selection (IBPS) is an autonomous body and conducts examinations to recruit personnel for various public sector banks in India. These banks are government-owned and controlled entities. Hence, the job of an IBPS clerk is essentially a government job.

What is the maximum age limit for IBPS, and Why?

The maximum age limit for IBPS is different for specific posts and categories but for most posts, the maximum age limit is 30 years. 

Here are some reasons why IBPS has an age limit:

Physical fitness: Banking jobs often require physical fitness, especially for field roles. An age limit makes sure that candidates are physically fit to perform their duties.

Energy and adaptability: The banking sector is always changing and needs people who can easily adapt to new changes and work under pressure. Youngers are often seen as more energetic and adaptable as compared to elders.

Long term career: IBPS hires people for the long term in the banking sector, and the age limit ensures that selected candidates have sufficient years to progress within the organization.

IBPS Clerk Participated Bank List

Before applying for the IBPS Clerk exam, candidates must know about the IBPS Clerk participating banks so that they can easily fill out the banks in a certain order. Here is the list of participating banks:

• Indian Bank
• Bank of Maharashtra
• Canara bank
• Union bank of India
• Punjab National bank
• Central bank of India
• UCO bank
• Bank of India
• Indian Overseas Bank
• Punjab & Sind Bank
• Bank of Baroda

Job responsibilities of an IBPS Clerk

• IBPS clerks are responsible for various tasks like bank receipt collection, handling the daily closure details, and maintenance of the ledger.
• Issuing of demand drafts, cash receipts, bank accounts for the customers, and so on. 
• Updates account holder’s passbook
• They are responsible for various important documents, keys, and bank cash.
• Solve various issues of the customers.
• Maintaining the different documents of the bank, ledger, balance sheet, and so on.
• Provide information about the latest government policies and schemes.
• Guide customers related to various banking activities

IBPS Clerk Salary Structure

IBPS Clerk Pay Scale

IBPS Clerk Salary Allowances and Perks

IBPS Clerk Salary Deduction

IBPS Clerk Promotion

IBPS Clerks get various opportunities for growth in career and advancement within the banking sector. A clerk needs to serve a minimum period of 3 years, however, some banks require 2 years. Promotion is based on two different processes.

Normal Process: This process is based on experience and seniority. A written exam is conducted internally by the bank for the eligible candidates. After clearing the exam, they are promoted to the role of trainee officers and then to bank probationary officers.

Merit based/Fast Track Process: in this process, candidates must have JAIIB and CAIIB diplomas from the Indian Institute of Banking and Finance (IIBF). 

IBPS Clerk Career Growth

• Assistant Manager Scale I
• Manager Scale 2
• Senior Manager Scale 3
• Chief Manager Scale 4
• Assistant General Manager Scale 5
• Deputy General Manager Scale 6
• General Manager Scale 7

Conclusion

No doubt, IBPS Clerk is one of the most respected jobs in the banking sector, which comes under the ministry of finance in the government and provides numerous opportunities for the clerk to train their skills and knowledge to be updated with the industry’s trends. 

If you are the one who is thinking about giving IBPS clerk exam, then start your preparation with Bhagya Achievers and chase your dream of having a job in the government sector.

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