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.
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
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:
Given below are the job responsibilities of SBI Clerks:
The SBI Bank Clerk Salary details are provided below:
Some of the allowances provided to SBI clerks are given below:
|Basic Pay||INR 11,765|
|Total (excluding HRA)||INR 18,413.37|
|Gross Allowance with HRA||INR 19589.87|
Read More SBI Clerk Pattern & Syllabus
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:
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:
Apart from the mentioned perks, an SBI Clerk can also be assured of:
In addition to the basic salary, a few of the allowances given by the SBI to its Junior Associates in the Clerical Cadre are:
Some of the most used allowances are explained in detail below:
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.
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.
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.
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.
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.
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.
|Basic Pay||INR 11,765|
|Yearly Increment||INR 655|
|Post 3 years||An increase to INR 13,730|
|Post another 3 years||INR 16,715|
|Post another 4 years||INR 20,095|
|Post another 7 years||INR 28,110|
|Maximum Salary||INR 31,450|
In-hand Salary of SBI Clerk 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 conducts internal written exams which Clerks are required to pass if they wish to be promoted.
An SBI Clerk is promoted in two ways:
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.
*The article might have information for the previous academic years, please refer the official website of the exam.