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South Indian Bank PO Salary- Complete Details

Anyone who wants to apply for the South Indian Bank Clerk post will be interested in knowing about the salary and the additional benefits & perks offered along with the in-hand salary. They would also want to know what tasks they would have to perform as a South Indian Bank Clerk. Therefore the South Indian Bank Clerk Salary and South Indian Bank Clerk Job Profile have been discussed below.

South Indian Bank Clerk Salary 

The South Indian Bank Clerk Salary is decided as per the 7th Pay Commission. Since the South Indian Bank Clerk has several job responsibilities, the pay is also good. It has been given in the table below-

Pay ScaleRs. 17,900 to Rs. 47,920
Basic Salary of  SBI ClerkRs. 17,900
Highest Salary of SBI ClerkRs. 47,920

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Additional Perks & Benefits

Different benefits are provided to South Indian Bank Clerk apart from the salary. These are given as follows-

Dearness Allowance- It is a part of the salary calculated as a fixed percentage of the basic salary.

Telephone Bill Reimbursement- This is paid to those employees who claim the expenditure when it is incurred actually. In such a case, reimbursement is done for such expenditure.

House Rent Allowance- Besides the other allowances, a House Rent Allowance is also given. This is for the payment of their accommodations and is determined based on the city in which they live and the salary they earn. If they live in their own homes, then no HRA is given.

In-hand salary of a South Indian Bank Clerk

The basic salary received by a South Indian Bank Clerk is Rs. 17,900 per month. However, in hand salary is the basic salary and the dearness allowance. The total of the basic salary along with the dearness allowance received per month gives you the in-hand salary.

South Indian Bank Clerk Salary Slip

A South Indian Bank Clerk Salary slip containing the details of the salary of the previous month as well as the deductions and allowances are received by the employees each month. These slips can be used for a number of purposes, such as obtaining loans, filling up the Income Tax Returns, etc.

Probation Period of South Indian Bank Clerk

Those who get selected as a South Indian Bank Clerk have to serve a probation period of 6 months, during which their work will be monitored, and they will be hired on a permanent basis after completing this probation period.

South Indian Bank Clerk Job Profile

Some of the duties that need to be performed by the South Indian Bank Clerk include-

  1. Cheque Verification
  2. Business Development
  3. Customer Interaction
  4. Cash Deposit/Withdrawals
  5. Maintenance of daily transactions in the system
  6. Handling Customer Complaints

Frequently Asked Questions

1. What is the per month basic salary of a clerk of the South Indian Bank?

Ans. The basic salary received by a South Indian Bank Clerk is Rs. 17,900 per month.

2. What are the different benefits & perks received by a clerk of the South Indian Bank?

Ans. The different benefits & perks received include the Dearness Allowance, House Rent Allowance, and Telephone expenses reimbursement.

3. What do you mean by in-hand salary in the case of a clerk of the South Indian Bank?

Ans. The total of the basic salary along with the dearness allowance received per month gives you the in-hand salary.

4. What is the probation period of a South Indian Bank Clerk?

Ans. The probation period of a South Indian Bank Clerk is of 6 months.

5. What are some of the job responsibilities of a South Indian Bank Clerk?

Ans. Some of the job responsibilities of a South Indian Bank Clerk include cheque verification, cash deposit/withdrawals, customer interaction, business development, etc.

FAQs

When will South Indian Bank 2022 online registration start?

South Indian Bank 2022 online registration started on 5th January 2022.

When will South Indian Bank 2022 online registration end? +

South Indian Bank 2022 online registration will be closed by 11th January 2022.

When did South Indian Bank Recruitment 2022 Notification release? +

South Indian Bank Recruitment 2022 Notification released on 5th January 2022.

What is South Indian Bank 2022 educational qualification? +

South Indian Bank 2022 educational qualification-
X/ SSLC, XII/ HSC & Graduation with minimum 60% marks under regular course. Graduation in Arts/ Science / Commerce/ Engineering stream.

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