The State Bank of India (SBI) has released SBI Clerk Notification 2024 inviting eligible banking aspirants for 14191 Junior Associate posts. As the SBI Clerk exam is heading near, aspirants must be looking for SBI Clerk Salary, which is an important criterion for the candidates to choose such a job. SBI Clerk Salary is discussed here in the article. The in-hand salary with the perks, allowances, & role of the junior associate (clerk) has been provided below. The information is as per the official notification.
SBI Clerk In-Hand Salary
The in-hand salary of the SBI clerk will include the approximate amount a candidate gets after the deductions. The starting salary of a SBI clerk is approximately Rs. 46,000/- in a metro city like Mumbai. A factor that influences this amount is the location of the posting, which is different in urban and rural localities.
SBI Clerk Salary 2024
The payscale of SBI Clerk has been revised by SBI this year, and the new pay scale of SBI Clerk is Rs. 24050-1340/3-28070-1650/3-33020-2000/4-41020-2340/7-57400-4400/1-61800-2680/1-64480. Earlier, the payscale was Rs. 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.
| Parameters | Amount (in Rs.) |
| Basic Pay (including 2 annual increments) | Rs. 26730/- |
| Dearness Allowances (17.20%) | Rs. 6168.51 |
| House Rent Allowance | Rs. 2862.83 |
| Transport Allowance | Rs. 850 |
| Special Allowance | Rs. 7083 |
| Special Pay | Rs. 1200 |
| Gross Pay | Rs. 44894.79 |
| Deductions | Rs. 3673 |
| Net Pay | Rs. 41221.79 |
This means that the starting basic salary for a candidate will be Rs. 26730/- (Rs. 24050/- plus two advance increments admissible to graduates) and the maximum basic salary of an SBI clerk will be Rs 64480/-.
| SBI Clerk Salary structure in India | |
| SBI Clerk Baisc Salary | Rs. 26730/- (Rs. 24050 + two advance increments given to graduates) Salary after 1st Increment: Rs. 28070/-Salary after 2nd Increment: Rs. 33020/-Salary after 3rd Increment: Rs. 41020/-Salary after 4th Increment: Rs. 57400/-Salary after 5th increment: Rs. 61800/- Salary after 6th increment: Rs. 64480/- |
| Dearness Allowance | Based on the Consumer Price Index |
| House Accommodation | Depends on the place of posting. |
SBI Clerk Notification 2024 Out for 14191 Vacancies- Click to Check
SBI Clerk Salary- Allowances
The total salary takes into account the allowances, which are in a way beneficial for the employee (Clerk). These allowances include:
- Dearness Allowance (The Dearness Allowance increases of quarterly basic and is dependent on the Inflation rate of the country; if the inflation increases, the DA goes up and vice versa.)
- House Rent Allowance
- Transport Allowance
- Special Allowance
- City Allowance
- Medical Allowance
- Newspaper Allowance
- Furniture Allowance
These allowances also have varied amounts depending upon the location of posting.
SBI Clerk Salary-Perks
Like a normal bank job, the SBI Clerk salary includes perks such as stability, financial security, medical insurance, and a provident fund. Moreover, the fact that the employee gets to work with the central bank (government) is itself a good opportunity.
Another important benefit includes a provident fund, pension, medical leave, and leave fare. Besides, the promotions provided also add credit to the profile.
SBI Clerk Promotion
An SBI clerk is eligible to get promotion through two modes:
1. In-cadre Promotion
2. Promotion to Officer cadre
In-cadre promotion:
This type of promotion is based on home postings; that is a time-bound promotion.
i) A special allowance of Rs 1800 is provided along with the total salary. After 10 years of service, the assistant becomes a senior assistant. (This allowance is not considered for calculation of basic pay.).
ii) An assistant will become the special assistant after twenty years of service. This post carries a special allowance of Rs 2500/- (this is considered for calculation of basic pay).
iii) An assistant will become Senior Special Assistant after thirty years of service. This post carries a special allowance of Rs 3500/- (this is considered for calculation of basic pay).
Promotion to Officer Cadre:
i) An assistant becomes trainee officer after completing three years of his/her service.
This requires qualification of the JAIIB and CAIIB Examinations from the Indian Institute of Banking and Finance (IIBF) apart from clearing the internal written examination and personal interview.
These officers are then put on probation for a period of two years. After the probation period and based on their personal interview, they are either absorbed in the Middle Management Grade (Scale II) or sent back to the Clerical Cadre.
An assistant can become a scale-I officer also in the junior management grade when he/she has completed six years of service in the fast track channel or twelve years of service in the normal track channel. For faster promotions, JAIIB and CAIIB qualifications are also important and should also clear the written test along with the personal interview.
| Related Links | |
| SBI Clerk Syllabus 2024 | SBI Clerk Exam Pattern 2024 |
| SBI Clerk Previous Year Papers PDFs | SBI Clerk Previous Year Cut-Off |
| SBI Clerk Exam Preparation Tips | |
SBI Clerk Salary: FAQs
Q1. What is the monthly salary of an SBI clerk?
Q2. Is SBI clerking a permanent job?
Q3. Which bank gives the highest salary to clerks?
Q4. What is the maximum salary of an SBI clerk?
Q5. What is the SBI Clerk salary after 3 years?
Q6. What is the SBI Clerk salary after 6 years?