SBI Clerk Salary 2024 Structure, In Hand Salary, Perks

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:

1. Customer Service: Helping customers with inquiries, concerns, and transactions.
2. Cash Handling: Managing cash transactions, withdrawals, and deposits.
3. Account Maintenance: Assisting with account openings, updates, and services.
4. Documentation and Record Keeping: Maintaining accurate transaction records.
5. Data Entry and Computer Operations: Using computer systems for various tasks.
6. Clearance and Settlement: Ensuring accurate processing of transactions.
7. Cross-Selling of Products: Promoting bank products and services.
8. Customer Education: Educating customers about banking services.
9. Resolving Customer Issues: Addressing complaints and escalating when needed.
10. Administrative Tasks: Assisting with filing, record-keeping, and office duties.
11. 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.

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  SBI Clerk Syllabus 2024 and Exam Pattern For Prelims and Mains
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  SBI Clerk Selection Process 2024, Step-By-Step Stages
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  SBI Clerk Salary 2024 Structure, In Hand Salary, Perks
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  SBI Clerk Eligibility Criteria 2024, Qualification, Age Limit
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  SBI Clerk Application Form 2024, Check Application Process
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  SBI Clerk Notification 2024, Download PDF

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SBI Clerk Salary 2024 – FAQs