SBI Clerk Salary 2024, In Hand Salary Structure, Pay Scale, Perks

SBI Offers a good salary with a starting basic pay of Rs.19900/-. This includes a base pay of INR 17,900 plus two extra increments for graduates. The SBI Clerk Pay Scale ranges in the range of Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. Besides the basic pay, the SBI Clerk’s Salary also includes certain benefits and perks. Check why the SBI Clerk is a popular choice for candidates in the banking sector and what is the SBI Clerk’s Salary after 5 years, 7 years, and more details.

SBI Clerk Salary 2024

Successful candidates in the SBI Clerk Recruitment 2024 will undergo a six-month probation period, where they will be trained and assessed for their roles. During this period, they will perform essential tasks such as customer service, cash handling, and other clerical duties. The position offers job security, career growth opportunities, and the prestige of working with the State Bank of India. As employees gain more experience, their salary increases, going up to Rs 47,920.

SBI Clerk in Hand Salary 2024

The SBI Clerk’s in-hand salary in 2024 is around Rs. 29,000/- per month, including the basic pay and dearness allowance (DA). Depending on the posting location, this amount typically ranges from Rs. 26,000/- to Rs. 29,000/-. The gross monthly income, which includes basic pay and various allowances, can go up to INR 29,000. These amounts may vary slightly based on the city where the candidate is posted.

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:

SBI Clerk Salary in India- Basic Pay (updated)	Amount in Rs.
Initial Salary	Rs. 19,900/- (Rs. 17,900 with two advance increments)
Salary after 1st Increment	Rs. 20,900/-
Salary after 2nd Increment	Rs. 24,590/-
Salary after 3rd Increment	Rs. 30,550/-
Salary after 4th Increment	Rs. 42,600/-
Salary after 5th Increment	Rs. 45,930/-
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 2024 In-Hand Salary

The SBI Clerk in-hand salary for 2024 is the net payment received each month, calculated as the sum of the basic pay and various allowances minus applicable deductions.

In-Hand Salary Calculation for SBI Clerk 2024: In-Hand Salary = Basic Pay + Allowances – Deductions

For clerks in metro cities like Mumbai, the estimated in-hand salary, including Dearness Allowance (DA) and other benefits, is around Rs.29,000 per month. This amount includes two extra increments for newly appointed graduate junior associates.

Allowances vary by location, and selected candidates are eligible for additional benefits, such as provident fund contributions, pension under the New Pension Scheme, medical coverage, leave travel reimbursement, and other perks. The SBI Clerk 2024 salary slip will reflect these components, giving a detailed breakdown of earnings and deductions.

SBI Clerk Salary Slip 2024

Understanding the SBI Clerk 2024 salary slip is essential, especially after the 11th bipartite settlement, as it provides clarity on the various salary components. Key elements include basic pay and several allowances. By summing these, you get the gross salary, while the final in-hand amount is derived after deductions.

Components of SBI Clerk Salary Slip 2024	Amount (Approx.)
Basic Pay	Rs. 19,900 (Rs.17,900 + two increments)
Dearness Allowance (DA)	Rs. 6,352 (26%)
Transport Allowance (TA)	Rs. 600
House Rent Allowance (HRA)	Rs. 2,091
Special Allowance	Rs. 3,263
Gross Salary	Rs. 32,000 (approx.)
Deductions	Rs. 2,800
Net In-Hand Salary	Rs. 29,200 (approx.)

SBI Clerk Salary After 5 Years

For those looking to understand potential growth, the SBI Clerk salary sees steady increments over the years. Starting from the basic pay of Rs.19,900 in 2024, the salary rises substantially over five years due to routine increments and adjustments in allowances. Consequently, in-hand earnings grow considerably with the increase in basic pay and associated allowances.

Estimated Salary after 5 Years:

• Basic Pay: Rs. 26,080
• Gross Salary: Approx. Rs. 41,930
• In-Hand Salary: Approx. Rs. 38,260

SBI Clerk Salary After 10 Years

After a decade in service, an SBI Clerk enjoys a significant pay boost. With the rise in basic pay and adjustments in allowance percentages over time, the in-hand salary after ten years reflects a rewarding package.

Estimated Salary after 10 Years:

• Basic Pay: Rs. 34,010
• Gross Salary: Approx. Rs. 54,690
• In-Hand Salary: Approx. Rs. 49,900

SBI Clerk Salary After 20 Years

At the two-decade mark, the SBI Clerk salary is highly competitive, thanks to periodic increments and enhanced allowances tied to the growing basic pay. This results in a substantial in-hand salary, providing a well-compensated career in the clerical cadre.

Estimated Salary after 20 Years:

• Basic Pay: Rs. 47,920
• Gross Salary: Approx. Rs. 77,060
• In-Hand Salary: Approx. Rs. 70,320

Increment Structure for SBI Clerk Salary

Below is a general outline of basic pay increments for SBI Clerks over various service years:

Years of Service	Increase in Basic Pay
After 1 Year	Rs. 1,000
After 2 Years	Rs. 1,000
After 3 Years	Rs. 1,000
After 5 Years	Rs. 1,230
After 7 Years	Rs. 1,490
After 10 Years	Rs. 1,490
After 17 Years	Rs. 1,730
After 20 Years	Rs. 1,990

SBI Clerk Salary 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 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.

SBI Clerk Salary 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

SBI Clerk Salary 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

SBI Clerk Salary 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 Salary 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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