SBI Clerk Salary, Revised In Hand Salary, Emoluments, Job Profile, Check Free Details 2024

SBI Clerk Salary : SBI Clerk salary is exceptionally good compared to other joining-level job profiles in the banking sector. It is one of the most sought after exams in India due to SBI Clerk jobs and the benefits associated with it. Candidates selected as SBI Clerk get a good salary along with many perks.

It is necessary for the candidates to be familiar with the SBI Clerk job profile to know whether they are suitable for this job or not. The recruited candidates will be on SBI Clerk probation period of 6 months. In this post, we have discussed SBI Clerk work, in-hand salary, job profile and responsibilities, facilities and allowances, salary slip, promotion and career growth.

SBI Clerk In Hand Salary 2024

The in hand salary of SBI Clerk is between Rs 26000 to Rs 29000/-. Candidates will also get some facilities and allowances along with the SBI Clerk salary. Check the detailed structure below. Since employees posted in cities like Mumbai, Delhi and Kolkata get a comparatively slightly higher amount.

1. SBI Clerk Salary in hand= (SBI Clerk salary basic pay) + (SBI clerk Allowances) – (Deductions)

SBI Clerk Salary Structure

The revised initial SBI Clerk pay scale is Rs 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The starting salary package of SBI Clerk in a metro city like Mumbai has been increased to Rs 29000/- per month including Dearness Allowance (DA) and other allowances.

The basic pay for a candidate will be Rs 17900/- with a year-on-year increment of Rs 1000/- along with the basic pay, while the maximum basic pay of SBI Clerk is Rs 47920/-.

Earlier, the starting basic pay was Rs.13075/- (Rs.11765/- and two advance increments were admissible for graduates). The facility of annual salary increase is also fixed. The increments given are as follows:

SBI Clerk Salary Slip

Candidates must know the details of SBI Clerk Salary Slip after 11th Bilateral Settlement. For your better understanding, SBI Clerk Latest Salary Slip is explained here in a detailed manner. The major components of SBI Clerk salary are basic pay and allowances. Adding the basic salary to the SBI Clerk allowances and allowances, you will get the gross salary.

SBI Clerk Salary: Perks

Along with a highly reputable job profile and a handsome salary structure, the perks and allowances add up to the fascination of the job.

The employees at SBI will be eligible for reimbursement of various perquisites, provident fund, Pension under the New Pension Scheme (Defined Contribution Benefit), Medical, Leave-Fare, and other facilities, as per instructions of the Bank as may be issued from time to time. After clearing the SBI Clerk examination, the clerk enjoys the following perks:

1. Stability
2. Financial Security
3. Pension under the New Pension Scheme(NPS)
4. Medical Insurance
5. Provident Fund

SBI Clerk Allowances and Perks

The perks of being an SBI Clerk/Junior Associate come with tons of graces. It is not only limited to the basic pay scale but has ample benefits and allowance facilities. Along with the basic salary, the list of other allowances includes the following:

1. Dearness Allowance
2. House Rent Allowance
3. Transport Allowance
4. Special Allowance
5. City Allowance
6. Medical Allowance
7. Newspaper Allowance
8. Furniture Allowance

Allowances vary from the place of posting. The SBI Clerk salary per month also comprises House Maintenance Allowance, Furniture Allowance, Magazine and Books Allowance, and Reimbursement of phone and telephone bills. So, the overall remuneration will be the amount total of basic pay and allowances.

SBI Clerk Job Profile – Roles and Responsibilities

A candidate appointed as Clerk in State Bank of India has immense chances of rising to the post of General Manager. It is necessary for the candidates to be familiar with the SBI Clerk job profile to know whether they are suitable for this job or not. As mentioned, this is a good opportunity to get an entry level job in the banking sector. The role of SBI Bank Clerk includes the following:

1. Functions as a Single Window Operator: Day-to-day bank functions such as opening accounts, amount transfers through cheque/ NEFT/ RTGS; Issuance of Demand Drafts(DD), Cheque clearance, Cheque book requests, receiving inward emails
2. Functions as Head Cashier: Sometimes, the clerk also functions as a cashier. This involves handling cash transactions of the concerned branch, clearing, and transfer of cheques
3. The Junior associates may also function as special assistants or universe tellers
4. The clerks are also liable for addressing customer concerns and resolving them

SBI Clerk Promotion and Career Growth

The job of SBI Clerk is versatile and also offers many opportunities. A clerk is given various opportunities to get promoted to higher posts. Internal examinations and interviews are conducted at regular intervals where employees can apply for promotion.

All those candidates who wish to get promoted from Clerk to the post of Officer must apply for the promotion examination as well as appear in the examination and for a minimum period of 2 years to be eligible for promotion to the post of Officer. You will also have to provide your service for this. Promotion for SBI Clerk can be of three types:

1. In-Cadre Promotions for SBI Clerk

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 the calculation of basic pay).

ii) An assistant will become a Special Assistant after twenty years of service. This post carries a special allowance of Rs 2500/- (This is considered for the calculation of basic pay).

iii) An assistant will become a Senior Special Assistant after thirty years of service. This post carries a special allowance of Rs 3500/- (This is considered for the calculation of basic pay).

2. Promotions for SBI Clerk to Officer Cadre To Trainee officer

• A candidate as a clerk in service for three years can become a trainee officer after clearing a written test and interview. Such clerks are kept under probation for an initial two years of appointment as Trainee Officers. Based on performance and after the probation period, the trainee officer will be either recruited into the Middle Management Grade Scale-II (MMGS-II) cadre or sent back to the clerical cadre.

3. Directly to JMGS-I

• A six-year service under a fast-track promotion channel or after twelve years of service under a normal promotion channel, a clerk can become a Junior Manager Grade Scale (JMGS-I) officer, after clearing a written test and interview. This promotion is subject to an upper age limit.

SBI Clerk Probation Period

1. A candidate will be serving a period of 6 months on probation. Newly recruited Junior Associates will be required to complete e-lessons as prescribed by the bank during the probation, to get confirmed in the Bank, failing which their probation will be extended till completion of the same.
2. Further, before the probation period comes to an end, the performance of the newly recruited employees will be evaluated and the candidates who fail to meet the expectations of the bank will be required to take complete lessons again as SBI Clerk work is very important and must be done carefully.