The role of a REPCO Bank Clerk offers a basic salary ranging from Rs.24,050/- to Rs.64,480 per month, supplemented by various benefits and allowances. This entry-level position at Repco Bank is fundamental to daily operations and customer service. Clerks manage essential banking tasks, including cash handling, processing customer deposits, withdrawals, and transfers, and maintaining accurate records. They serve as the primary point of contact for customers, addressing account inquiries, organizing files, and aiding with loan documentation. By managing both front-end interactions and back-end duties such as data entry and paperwork, REPCO Bank Clerks are crucial in ensuring the efficient functioning of the branch and delivering effective customer support. Get comprehensive details on Assistant Section Officer .
REPCO Bank Clerk Salary Details
The table below presents a breakdown of the REPCO Bank Clerk salary components:
| Component | Amount (₹ per month) |
|---|---|
| Basic Pay Range | ₹24,050 – ₹64,480 |
| Approximate In-Hand Salary | ~₹42,347 (in Chennai, including allowances) |
| Approximate Annual CTC | ₹8.80 LPA |
For REPCO Bank Clerks, also known as Customer Service Associates, the starting salary is ₹24,050, which can increase to ₹64,480 with accumulated experience. The estimated monthly take-home pay, incorporating allowances such as Dearness Allowance (DA) and House Rent Allowance (HRA), along with other benefits, is approximately ₹42,347 for those posted in Chennai. On an annual basis, the total compensation, or CTC, reaches about ₹8.8 lakhs. Check: Bihar State Cooperative Bank Clerk Salary
Allowances, Probation, Job Overview
Below is an overview detailing the benefits and specific job requirements for a REPCO Bank Clerk:
| Particulars | Details |
|---|---|
| Dearness Allowance (DA) | Linked to inflation, revised quarterly. |
| House Rent Allowance (HRA) | Provided as per posting location (varies with city/town). |
| Medical Facilities | Health coverage for employees and their dependents. |
| Leave Travel Concession (LTC) | Reimbursement facility for travel expenses. |
| Gratuity & Pension | Long-term financial benefits as per bank rules. |
| Other Allowances | Includes Special Allowance, City Compensatory Allowance, etc. |
| Probation Period | 12 months (may be extended/reduced based on performance & conduct). |
| Service Bond | Minimum service period: 2 years. |
| Bond Amount | ₹25,000 (refundable in case of bond breach). |
| Training Cost | ₹5,000 payable at the time of joining. |
| Notice Period | 3 months (or salary in lieu of notice if leaving earlier). |
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Job Profile and Promotions
The role of a Clerk at REPCO Bank encompasses assisting with general administrative duties, maintaining organized files and records, and undertaking tasks assigned by senior personnel. Key responsibilities also include responding to customer inquiries, updating passbooks, processing withdrawals, and verifying documents. For 2025, the updated pay scale spans from ₹24,050 to ₹64,480 per month, with an in-hand salary around ₹42,347 and an approximate CTC of ₹8.80 lakhs. Additionally, clerks receive various allowances such as DA, HRA, ex-gratia, incentives, a meal pass, and CPF.
Upon successfully completing a 12-month probation period, clerks transition to permanent employment. Career advancement and promotions are contingent upon individual performance and work quality. According to banking professionals, a clerk may be promoted to an officer position after three years of service, provided they successfully clear the departmental examinations within that timeframe. Alternatively, promotion to an officer role becomes possible after five years of service.
Many clerks value the inherent stability and work-life balance offered by their positions, characterized by fixed working hours, reduced frequency of transfers, and overall job security. In contrast, officer roles typically come with heightened responsibilities, more frequent transfers, and performance targets.
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