The State Bank of India (SBI) is among India's largest public-sector banks. It conducts the SBI Clerk (Junior Associates) Exam to recruit Clerical Cadres in various branches all over India. SBI is expected to release more than 8000 SBI Clerk Vacancies this year.

• According to the SBI Notification, the overall initial emoluments of an employee of the Clerical Cadre payable in a Metro like Mumbai is around INR 20,950 per month. Apart from this, there are benefits like Dearness Allowance (D.A.) and others.
• Owing to its high paying salary and job profile, lakhs of students appear each year for the exam.
• The work duties include communicating with customers and addressing their questions, managing customer accounts, check-books, and drafts, and making phone calls for various purposes.
• They also have to manage the cash withdrawal-related operations at the deposit counters.

Eligible and interested candidates must read the article to know the salary, benefits, and other allowances of an SBI clerk.

Read More SBI Clerk Application & Registration

Job Profile of SBI Clerk

Aspirants preparing to take the SBI Clerk Exam need to understand the job profile and duties. In the meantime, one must also be familiar with the SBI Clerk Exam Cut-Off to understand exam pattern, marks weightage and marking scheme to strategically prepare for the Prelims and the Mains.

Keep in mind the following details before applying for the SBI Clerk Exam:

• An SBI Clerk's job is an entry-level position.
• Furthermore, there is a 6-month probationary period in which candidates must undertake the prescribed 15 e-lessons.
• The candidates will be trained in the e-lessons for all of the responsibilities and functions of the SBI Clerk role.
• In case the candidate is unable to qualify the probation period, the recruiters will extend its time length.

Job Responsibilities of SBI Clerk

Given below are the job responsibilities of SBI Clerks:

• SBI Clerks must address the customers and their questions.
• The Clerks should be able to resolve the customers’ problems or doubts.
• They must also manage clients' budgets, check-books, and drafts.
• Additionally, SBI Clerks must make calls to the customers for various purposes.
• They must also take control of the cash withdrawal-related operations at the deposit counters.

Salary of SBI Clerk 2020

The SBI Bank Clerk Salary details are provided below:

• In Class Y cities: INR 20,000/-
• In Class Z cities: INR 19,000/-

Some of the allowances provided to SBI clerks are given below:

Read More SBI Clerk Pattern & Syllabus

Salary Structure of SBI Clerk 2020

For an individual, the initial Compensation Salary is INR 11,765. He/shewill also receive an increment of INR 655 year after year in addition to the Basic Pay. SBI has an attractive wage structure for all aspirants who wish to join as a Clerk or Banking Associate. Apart from a handsome salary, SBI also provides its employees several appealing allowances.

The salary components for an SBI Clerk include:

1. Dearness Allowance (DA): This component is updated 4 times in a year. The basis lies on a Consumer Price Index (CPI). If inflation is high, the DA increases, and vice versa.
2. House Rent Allowance (HRA): The HRA is entirely reliant on the city posting of an SBI Clerk. It is high in Metro cities. The HRA is lower in rural areas.

Perks Available to SBI Clerk 2020

Working for the Central Government provides several benefits.An SBI Clerk will enjoy the following perks among many others according to the bank’s changing instructions:

• Provident Fund
• Pension as under the new pension scheme known as the ‘Defined Contribution Benefit Scheme’
• Medical leave

Apart from the mentioned perks, an SBI Clerk can also be assured of:

• Financial security
• Stability
• Medical Insurance
• Flexible Work Timings

Allowances Given to SBI Clerk 2020

In addition to the basic salary, a few of the allowances given by the SBI to its Junior Associates in the Clerical Cadre are:

• Medical Allowance
• Furniture Allowance
• Vehicle Allowance
• Petrol Allowance
• Housing Allowance
• Two Year Sabbatical Leave given to female clerks for maternity leave or children’s education
• Travel Allowance
• Entertainment Allowance including TV and Cable
• Briefcase Allowance

Some of the most used allowances are explained in detail below:

Medical Allowance

The Bank gives SBI workers 100 percent of medical advantages. In event of injury, sickness, or hospitalization, their families are also given the advantage of 75 percent medical reimbursement.

Dearness Allowance

The Dearness Allowance is updated in the months of February, May, August, and November on a quarterly basis. It is premised on the Consumer Price Index (CPI), as the Government of India has declared.

Travel Allowance

The bank also provides its employees the opportunity to travel with decent guest houses and vacation homes as a whole package. SBI clerks are also given opportunities to travel to some of India's major cities or tourist places.

Leave Policy

SBI's leave-policy is quite flexible. This offers SBI staff 33 days of privilege leaves and 12 days of casual leaves. If any woman is pregnant, she will have the privilege of using 2 years of leave. A single parent or elderly parents can also take 2 years of sabbatical leave. Such maternal or paternal leave are restricted to casual and privilege leaves, respectively. Suppose an employee does not wish to take privilege leaves then he/she can turn their amount of leaves into cash in that situation.

House Rent Allowance

The House Rent Allowance is dependent on the location of posting. Employees posted in metro cities such as Mumbai, Delhi, and others, will get better HRA compared to those posted in other cities. Junior Agricultural Associates would be qualified to access an additional amount of INR 490 per month, called Special Pay, calculated for DA, HRA and pension benefits. In addition to this, an SBI Clerk's Salary also includes multiple perquisites such as Furniture Allowance, Books and Magazine Allowance, Briefcase Allowance, House Maintenance Allowance, Telephone Bill Reimbursement.

Increments Given to SBI Clerk 2020

Following the application of the 7th pay commission, there has been an increase in the SBI Clerk salary.

Find below the details of an SBI Clerk’s salary increment.

In-hand Salary of SBI Clerk 2020

• The in-hand salary generally ranges from INR 20,000 to INR 23,000.
• For SBI Clerks living in Metro cities such as Mumbai, the in-hand salary would roughly be INR 23,600 including DA (Dearness Allowance) as well as other allowances at the present rate.
• An SBI Clerk’s salary slip includes information such as name, designation, department, date of joining, branch, and date of birth, to name a few.

SBI Clerk Career Growth 2020

An SBI Clerk position has significant growth prospects and paths that are much higher than any other government banks' clerks. In addition, they can rise as high as the post of a General Manager. Depending on the roles, however, there would always be a particular criterion of eligibility that they must meet. Note that they would still have to turn up for the required tests and/or interviews.

Quite evidently, an SBI Clerk is an appealing position to begin one's career in banking. The SBI Clerk Pay is good enough for a government job at the entry-level. The other advantages and prospects for development too make it one of India's most desired jobs.

SBI Clerk Promotions 2020

SBI conducts internal written exams which Clerks are required to pass if they wish to be promoted.

An SBI Clerk is promoted in two ways:

In-cadre Promotion

• In-cadre promotion is stated to be premised on home postings. It is a time-bound promotion.
• Selected candidates for the in-cadre promotion will receive a special INR 1,800 allowance in addition to the total salary. An Assistant becomes a Senior Assistant following 10 years of service.
• An Assistant becomes a Special Assistant Officer following 20 years of service. The Special Assistant Officer will receive INR 2,500 as Special Allowance.
• The Special Assistant Officer will become a Senior Special Assistant after 30 years of service, and he will receive a special allowance of INR 3,500.

Promotion to an Officer Cadre

• To be a Trainee Officer, an assistant needs certification from the Indian Institute of Banking and Finance (IIBF) for the JAIIB and CAIIB Exams, besides passing the internal written examination and personal interview.
• Upon working as an SBI clerk for six years, they will be qualified to answer an internal written exam to be elevated to the position of a Trainee Officer. A Trainee Officer is similar to a Probationary Officer (PO).
• The probationary period for an SBI PO lasts 2 years. They would be granted a rank of JMGS-I (Junior Management Grade Scale-I).
• Upon the completion of two years as a PO, the position of the Middle Management Grade Scale-II will be granted.
• Any employee that directly wants a PO post should give the SBI PO Exam.

SBI Clerk Transfer Policy 2020

• According to the notification, for the first 5 years of service, SBI Clerk Junior Associates are not eligible for transfers outside the State.
• A special recruitment drive for Kashmir Valley, Tura, and Ladakh is reserved for candidates who have 8 years of service.

Read More SBI Clerk 2020 Results

SBI clerk is an attractive and popular entry-level banking job because of the various perks, career prospects and financial stability associated with it. But because of these very reasons, the competition is high and hence, your preparation should be up to the mark and you should not waste any time while giving your best to this exam.