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SBI Clerk Salary, Revised In Hand Salary, Emoluments, Job Profile

SBI Clerk Salary 2024

The SBI Clerk Salary is exceptionally good in comparison to other joining-level job profiles in the banking sector. It is one of the most sought-after exams in India owing to SBI Clerk Jobs and the perks and benefits associated with it. Candidates selected as SBI Clerk get a decent salary in addition to several perks.

It is essential for the candidates to be acquainted with the SBI Clerk job profile to realize whether they are an impeccable fit for the job or not. The recruited candidates will be on an SBI Clerk Probation Period of 6 months. In this post, we have discussed the SBI Clerk work, in-hand salary, job profile and responsibilities, perks, and allowances, salary slips, promotional, and career growth.

SBI Clerk In Hand Salary 2024

The In Hand Salary of SBI Clerk is in the range of  Rs 26000 to 29000/-. Candidates will be also receiving certain perks and allowances along with the salary of an SBI Clerk. Check the detailed structure below. As employees posted in cities like Mumbai, Delhi, and Kolkata get comparatively a bit more amount.

  1. SBI Clerk Salary in hand= (SBI Clerk salary basic pay) + (SBI clerk Allowances) – (Deductions)

SBI Clerk Salary Structure

The revised initial SBI Clerk Pay Scale is Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The initial salary package of an SBI Clerk in a Metro city like Mumbai has been revised to Rs 29000/- per month including the Dearness Allowance (D.A) & other allowances.

The basic salary for a candidate will be Rs 17900/- with a year-on-year increment of Rs 1000/- with the Basic pay while the Maximum Basic Salary of an SBI Clerk- is Rs 47920/-.

Earlier, the starting basic pay was Rs.13075/- (Rs11765/- plus two advance increments admissible to graduates). The facility of yearly increment is fixed too. The increments given are as follows:

SBI Clerk Salary Structure
SBI Clerk Salary in India- Basic Pay (updated)
  1. Initial Salary- Rs.19,900/- (Rs 17,900 with two advance increments)
  2. Salary after 1st Increment- Rs. 20,900/-
  3. Salary after 2nd Increment-Rs. 24,590/-
  4. Salary after 3rd Increment- Rs. 30,550/-
  5. Salary after 4th Increment- Rs. 42,600/-
  6. Salary after 5th increment- Rs 45,930/-
  7. Salary after 6th increment- Rs 47,920/-
Dearness Allowance Based on the Consumer Price Index
House Accommodation Depends on the place of posting.

SBI Clerk Salary Slip

Aspirants must know the details of the SBI Clerk Salary Slip after the 11th bipartite settlement. For your better understanding, the SBI Clerk latest alary slip is explained here in a detailed manner. The major components of the SBI Clerk Salary are basic pay and allowances. By adding the basic pay to the SBI Clerk perks & allowances, you will get the gross salary.

SBI Clerk Salary Slip

Particulars  Amount (Approx.)
SBI Clerk Salary Basic Pay Rs.19900/- (Rs.17900/- plus two advance increments admissible to graduates).
Dearness Allowance (DA) Rs.6352 (26%)
Transport Allowance (TA) Rs.600
House Rent Allowance (HRA) Rs.2091
Special Allowance Rs.3263
Gross SBI Clerk Salary Rs.32000 (Approximate)
Deductions Rs.2800
SBI Clerk Salary In Hand (Net) Rs.29200 (Approximate)

SBI Clerk Salary: Perks

Along with a highly reputable job profile and a handsome salary structure, the perks and allowances add up to the fascination of the job.

The employees at SBI will be eligible for reimbursement of various perquisites, provident fund, Pension under the New Pension Scheme (Defined Contribution Benefit), Medical, Leave-Fare, and other facilities, as per instructions of the Bank as may be issued from time to time. After clearing the SBI Clerk examination, the clerk enjoys the following perks:

  1. Stability
  2. Financial Security
  3. Pension under the New Pension Scheme(NPS)
  4. Medical Insurance
  5. Provident Fund

SBI Clerk Allowances and Perks

The perks of being an SBI Clerk/Junior Associate come with tons of graces. It is not only limited to the basic pay scale but has ample benefits and allowance facilities. Along with the basic salary, the list of other allowances includes the following:

  1. Dearness Allowance
  2. House Rent Allowance
  3. Transport Allowance
  4. Special Allowance
  5. City Allowance
  6. Medical Allowance
  7. Newspaper Allowance
  8. Furniture Allowance

Allowances vary from the place of posting. The SBI Clerk salary per month also comprises House Maintenance Allowance, Furniture Allowance, Magazine and Books Allowance, and Reimbursement of phone and telephone bills. So, the overall remuneration will be the amount total of basic pay and allowances.

SBI Clerk Job Profile – Roles and Responsibilities

A candidate appointed as a clerk in the State Bank of India has an immense growth chance of growing until the post of General Manager. It is essential for the candidates to be acquainted with the SBI Clerk job profile to realize whether they are an impeccable fit for the job or not. As mentioned, it is a good opportunity to get an entry-level job in the banking sector. The role of an SBI Bank Clerk includes the following:

  1. Functions as a Single Window Operator: Day-to-day bank functions such as opening accounts, amount transfers through cheque/ NEFT/ RTGS; Issuance of Demand Drafts(DD), Cheque clearance, Cheque book requests, receiving inward emails
  2. Functions as Head Cashier: Sometimes, the clerk also functions as a cashier. This involves handling cash transactions of the concerned branch, clearing, and transfer of cheques
  3. The Junior associates may also function as special assistants or universe tellers
  4. The clerks are also liable for addressing customer concerns and resolving them

SBI Clerk Promotion and Career Growth

SBI Clerk work is versatile and offers many opportunities as well. Various opportunities are given to an Clerk to get promoted to higher posts. There are internal exams and Interviews which are conducted at regular intervals where employees can apply for promotions.

All the candidates who wish to get promoted from Clerk to Officer need to apply for the promotion test and appear for the examination as well and also undergo their service for at least a period of 2 years in order to be eligible for promotion to Officer. Promotions for SBI Clerk can be of three types:

1. In-Cadre Promotions for SBI Clerk

i) A special allowance of Rs 1800 is provided along with the total salary. After 10 years of service, the assistant becomes a Senior Assistant. (This Allowance is not considered for the calculation of basic pay).

ii) An assistant will become a Special Assistant after twenty years of service. This post carries a special allowance of Rs 2500/- (This is considered for the calculation of basic pay).

iii) An assistant will become a Senior Special Assistant after thirty years of service. This post carries a special allowance of Rs 3500/- (This is considered for the calculation of basic pay).

2. Promotions for SBI Clerk to Officer Cadre To Trainee officer

  • A candidate as a clerk in service for three years can become a trainee officer after clearing a written test and interview. Such clerks are kept under probation for an initial two years of appointment as Trainee Officers. Based on performance and after the probation period, the trainee officer will be either recruited into the Middle Management Grade Scale-II (MMGS-II) cadre or sent back to the clerical cadre.

3. Directly to JMGS-I

  • A six-year service under a fast-track promotion channel or after twelve years of service under a normal promotion channel, a clerk can become a Junior Manager Grade Scale (JMGS-I) officer, after clearing a written test and interview. This promotion is subject to an upper age limit.

SBI Clerk Probation Period

  1. A candidate will be serving a period of 6 months on probation. Newly recruited Junior Associates will be required to complete e-lessons as prescribed by the bank during the probation, to get confirmed in the Bank, failing which their probation will be extended till completion of the same.
  2. Further, before the probation period comes to an end, the performance of the newly recruited employees will be evaluated and the candidates who fail to meet the expectations of the bank will be required to take complete lessons again as SBI Clerk work is very important and must be done carefully.

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FAQs

What is the revised SBI Clerk salary?

The SBI has revised the salary of a Clerk with a starting basic pay of Rs 19,900/- (Rs 17,900 with two advance increments)

Q. Does the State Bank of India provide medical facilities to the worker in salary benefits?

Ans. Yes, SBI gives medical facilities to the worker as per SBI clerk salary.

What are the working hours of a SBI Clerk?

The work timings are usually 10 am to 5 pm for clerical cadre post, however, based on the quantum of work, they can be asked to sit beyond working hours.

What is the in-hand salary of SBI Clerk?

The revised in-hand  SBI Clerk Salary is Rs. 26,000/- to Rs. 29,000/-, depending on the location of the posting

Q. What is the probation period for the SBI Clerk?

Ans. The Probation period for the SBI Clerk is 6 months.

Q. What is the use of SBI Clerk Salary Slip?

Ans. The SBI Clerk Salary Slip can be used for income tax purposes, taking loan, investment, issuing credit card or debit cards etc.

Q. What benefits are given to an SBI Clerk apart from the salary?

Ans. Apart from the decent salary, an SBI Clerk is liable to get HRA, Medical allowance, Travel allowance, dearness allowance, pension benefits, provident fund, and various other perks.

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