SBI Clerk Salary 2024
SBI offers a good salary and benefits for its Junior Associates, especially when compared to other banks. In places like Mumbai, the starting salary for Clerical Cadre employees can be around Rs. 37,000 per month, including various allowances and two extra increments for new graduate junior associates.
SBI Clerk In Hand Salary 2024
An SBI Clerk’s in-hand salary includes the basic pay, along with different allowances and deductions. The exact amount may change based on factors like location and applicable allowances. On average, an SBI Clerk’s In-Hand Salary is between Rs. 25,000 and Rs. 37,000 per month.
The SBI Clerk pay scale was revised last year. The new pay scale is Rs. 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. Previously, the pay scale was Rs. 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31450.
SBI Clerk Salary Details – Increments
The SBI Clerk post offers good increments from time to time. The increment is based on the years of service to the job. The details of the Basic Pay Scale component of SBI Clerk Salary 2024 are as follows:
Basic Pay | Increments | Period | Years of Service |
₹ 17,900 | ₹ 1000/- | For 3 years | 03 |
₹ 20,900 | ₹ 1230/- | For the next 3 years | 06 |
₹ 24,590 | ₹ 1490/- | For the next 4 years | 10 |
₹ 30,550 | ₹ 1730/- | For the next 7 years | 17 |
₹ 42,600 | ₹ 3270/- | For the next 1 year | 18 |
₹ 45,930 | ₹ 1990/- | For the next 1 year | 19 |
₹ 47,920 | — | — | — |
SBI Clerk Salary Structure 2024
The SBI Clerk In-hand salary received per month is a sum of Basic Pay and other salary components like – House Rent Allowance(HRA), Variable Pay, Dearness Allowances (DA), City Compensatory Allowance (CCA), etc. Here’s a look at the SBI Clerk Salary Structure 2024:
Particular | Amount |
Basic Pay (including 2 annual increments) | ₹ 19,900.00 |
Dearness Allowances (46.5%) | ₹ 9,253.50 |
House Rent Allowances | ₹ 2,091.00 |
Transport Allowance | ₹ 600.00 |
Special Allowance | ₹ 3,263.00 |
Special Pay | ₹ 500.00 |
Gross Pay | ₹ 35,607.50 |
Deductions | ₹ 3,043.00 |
Net Pay | ₹ 32,564.50 |
SBI Clerk Allowances
Along with the salary, candidates are also offered additional allowances. These allowances include- conveyance charges, newspapers, and medical facilities.
Allowance | Details |
Conveyance Allowance | Monthly allowance for transportation expenses provided to a newly appointed junior associate. |
Provision of Newspapers | Monthly amount for the provision of newspapers to an SBI Junior Associate. |
Medical Facilities | Details of medical benefits include annual medical aid, improved medical aid for specified serious diseases, hospitalization scheme, and other medical benefits. |
Conveyance Allowance
Category of Employees | Maintaining 2 or 4-wheelers (Petrol in liters) | Not Maintaining Vehicles (Amount in Rs) | Entertainment Expenses (Amount in Rs) |
Chief Associate (Cash-in-charge) | 43 | 900 | 1140 |
Chief Associate | 43 | 900 | 600 |
Special Associate | 35 | 850 | 540 |
Senior Associate | 25 | 700 | 420 |
Associates/Junior Associates | 20 | 625 | 360 |
Provision Of Newspapers
Category of Staff | Monthly Salary |
Chief Associates | Rs. 530 |
Special Associates (Cash-in-charge/ATM/Locker-in-charge/Members of outbound sales force) | Rs. 530 |
Other chief associates/special associates/senior associates/associates/junior associates | Rs. 450 |
Subordinate Staff | Rs. 350 |
Medical Facilities
- Annual Medical Aid: Employees are eligible for an annual medical aid benefit.
- Improved Medical Aid (Specified Serious Disease): Enhanced medical aid coverage is provided specifically for specified serious diseases.
- Hospitalization Scheme: A scheme is in place to cover hospitalization expenses.
- Other Medical Benefits: Additional medical benefits include coverage for vaccinations.
SBI Clerk Additional Benefits
Working as an SBI Clerk comes with more benefits beyond the basic pay. Here are the additional perks:
- House Rent Allowances
- Concessional Vehicle Finance
- Concessional Rate for SBI Pension Plans
- Housing Finance at concessional rates
- Travel Allowances
- Full coverage of medical treatment expenses for the employee and family
- Maternity or child education leave of 2 years for women clerks.
SBI Clerk Job Profile
The role of an SBI Clerk involves a lot of interaction with customers and requires good problem-solving skills. Here are some key responsibilities of an SBI Clerk:
- Customer Service: Helping customers with inquiries, concerns, and transactions.
- Cash Handling: Managing cash transactions, withdrawals, and deposits.
- Account Maintenance: Assisting with account openings, updates, and services.
- Documentation and Record Keeping: Maintaining accurate transaction records.
- Data Entry and Computer Operations: Using computer systems for various tasks.
- Clearance and Settlement: Ensuring accurate processing of transactions.
- Cross-Selling of Products: Promoting bank products and services.
- Customer Education: Educating customers about banking services.
- Resolving Customer Issues: Addressing complaints and escalating when needed.
- Administrative Tasks: Assisting with filing, record-keeping, and office duties.
- Compliance and Policies: Adhering to bank policies and regulatory requirements.
SBI Clerk Promotions – In Cadre
An SBI Clerk (Junior Associate) can be promoted up to three times based on their years of service:
- After 10 years of service, they can be promoted to Senior Assistant.
- After 20 years of service, they can be promoted to Special Assistant.
- After 30 years of service, they can be promoted to Senior Special Assistant.
Each promotion comes with additional allowances. At SBI, promotions within the same cadre are solely based on seniority.
SBI Clerk Promotions – Clerk to Officer
If an SBI Clerk aspires to move up to the Officer cadre, SBI offers them opportunities to do so through two main channels:
Fast Track Promotion Channel: This option allows an SBI Clerk to take the Officer Promotion examination after just 3 years of service. To be eligible, they must pass two banking examinations:
- JAIIB (Junior Associate of the Indian Institute of Banking)
- CAIIB (Certified Associate of the Indian Institute of Banking)
If they clear both exams, they become eligible after 3 years; if only JAIIB, then after 4 years. If they don’t clear JAIIB, they follow the normal track promotion channel.
Normal Track Promotion Channel: Under this channel, an employee needs to serve a minimum of 6 years as an SBI Clerk to be eligible for promotion to Bank PO. After 6 years, they can take the internal promotion exam and become a Trainee Officer (TO), which is equivalent to a Probationary Officer (PO) in rank. However, TOs need to work harder to reach the same level as POs, who are recruited directly at that rank.
Career Growth as SBI Clerk – Things to Remember
When an SBI Clerk aims for promotion to the Officer cadre, they must:
- Pass SBI’s internal promotion examination, which includes a written test and an interview. This applies to both Fast Track and Normal Track promotion channels.
- Obtain permission from SBI to take the SBI PO examination. If they pass, they become Bank POs; if not, they remain as Bank Clerks.
- Clear the JAIIB examination before attempting CAIIB.
- After passing the internal promotion exam, they become Trainee Officers (TOs) for a 2-year probation period at the JMGS-I rank. Following probation, they may be promoted to MMGS-II rank or revert to the Clerical cadre if they don’t clear probation.
SBI Clerk Job Postings & Transfer Policy
Many candidates have concerns about job postings away from their hometown or to distant branches. Here are some points regarding SBI Clerk posting and transfer:
- SBI Clerk Junior Associates cannot be transferred outside the state for the initial 5 years of service.
- For candidates selected in a special recruitment drive for Tura, Kashmir Valley, and Ladakh, this period extends to 8 years.
SBI Clerk Annual Package
The SBI Clerk Salary 2024 offers a well-rounded annual package, which includes basic pay, various allowances, and extra perks. Along with the fixed salary, SBI Clerks can also earn performance-based incentives and bonuses, boosting their total income. The package is further enhanced by benefits such as healthcare, retirement plans, and other perks, making SBI a preferred employer in the banking industry. Overall, the annual package for an SBI Clerk is approximately Rs 4.44 lakhs.
- SBI Clerk Syllabus 2024 and Exam Pattern For Prelims and Mains
- SBI Clerk Selection Process 2024, Step-By-Step Stages
- SBI Clerk Salary 2024 Structure, In Hand Salary, Perks
- SBI Clerk Eligibility Criteria 2024, Qualification, Age Limit
- SBI Clerk Application Form 2024, Check Application Process
- SBI Clerk Notification 2024, Download PDF
SBI Clerk Salary 2024 – FAQs
A1. The SBI Clerk In Hand Salary ranges from Rs. 25,000 to Rs. 37,000 per month.
A2. SBI clerks receive various additional benefits and allowances, including medical benefits, provident fund, gratuity, pension, leave travel concession, and reimbursement for newspaper, petrol, and house rent expenses.
A3. Yes, newly recruited SBI clerks are placed on probation for a period of 6 months. During this period, their performance and suitability for the job are evaluated.
A4. Yes, SBI clerks have good promotional opportunities. They can rise through the ranks and become Assistant Managers, Deputy Managers, Managers, and even higher-level positions based on their performance and experience.
A5. Yes, SBI clerks have ample opportunities for career growth and promotions. They can appear for internal exams and assessments to move up the hierarchy within the bank.
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I write content to help people prepare for banking exams because I have experience as an aspirant myself. My goal is to provide accurate and easy-to-understand information for candidates. I cover various topics such as exam patterns, syllabus, study techniques, and time management to support those preparing for the exams. As a former aspirant turned content writer, I want to make the information accessible and helpful for others so that they can do well in their banking and government exams and achieve their goals.
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