Mohit Dhulia
Because of the lucrative SBI Clerk Salary, SBI Clerk is one of the most sought-after banking jobs, with lakhs of candidates applying each year. The State Bank of India is well-known for providing its employees with a variety of benefits in addition to a competitive salary package. This article goes over the salary structure, allowances, and other benefits of the position. Aspirants who aspire to work for a bank want to know about the salary, work/job profile, and benefits that the SBI Clerk receives.
Applicants who aspire to work in a bank will be interested in learning about the salary and other benefits. However, SBI Clerks have more opportunities for advancement and pay than other PSBs (Public Sector Banks). Examine the changes to the Clerk or Junior Associates Salary, In-hand Salary, Perks, Allowances, and Job Profile. We’ve covered the SBI Clerk Salary Structure, Pay Scale, Allowances and Benefits, and more in this article.
Table of Contents
A SBI Clerk’s in-hand salary in 2024 will be between Rs 19,900 and Rs 25,000. The SBI Clerk salary 2024 varies depending on where the applicants are posted, whether in rural or urban areas. For example, if the applicant is assigned to a metropolis such as Mumbai, they will be paid Rs. 29000 in cash. The dearness allowances and other allowances will be included in this SBI Clerk 2024 salary. For newly hired graduate junior associates, there will be two additional increments. Applicants will be eligible for benefits of provident fund, medical leave, fare, and other benefits, as stated in the SBI Clerk notification.
The basic salary of a State Bank of India Clerk is something between INR 26,000 and INR 29,000 per month, which includes the DA (Dearness allowance). The SBI Clerk Salary Structure is- Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.
| Particulars | Amount (INR) |
|---|---|
| Basic Pay | INR. 19,900 |
| CCA | INR. 0 |
| DA | INR. 6,234 (26%) |
| Transport Allowance | INR. 600 |
| HRA | INR. 2,091 |
| Special Allowance | INR. 3,263 |
| Gross Salary | INR. 32,088 |
| Particulars | Amount (INR) |
|---|---|
| Professional Tax | INR. 208 |
| Pension Fund | INR. 2,565 |
| Net Salary | INR. 32,088 |
| Basic Pay Scale | Amount (INR) |
|---|---|
| Annual Increment | INR. 1000 |
| Initial basic pay | INR.19,900 (INR 17,900 + 2 Advance Increments given to Graduates) |
| After added 3 years | INR. 24,590 |
| After another 4 years | INR. 30,550 |
| After 3 years | Increase to INR. 20,900 |
| Maximum Salary | INR. 47,920 |
The job description for an SBI (State Bank of India) clerk varies by state. Aspirants working in metropolitan areas earn more money than those working in other areas.
The pay scale of State Bank of India (SBI) is INR.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.
The starting salary for an SBI Clerk is INR 17,900, with a 1000-rupee increment. The basic salary of an SBI Clerk will be INR 20,900 after three years, with a year increment of INR 1230. Furthermore, after three years, applicants will receive a basic pay scale of INR 24,590 with a 1490 increment. After some time, the average basic salary will rise to INR 47,920.
An applicant hired as a clerk in the State Bank of India has a great opportunity to advance to the position of General Manager. As previously stated, this is an excellent opportunity to obtain an entry-level position in the banking industry. An SBI Bank Clerk’s responsibilities include the following:
SBI Clerks are eligible for promotion in one of two ways:
1. In-cadre Promotion
2. Promotion to Officer cadre
This type of promotion is based on home postings and is a limited-time offer:
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 benefits, as per the Bank’s instructions. After passing the SBI Clerk exam, the clerk is entitled to the following benefits:
An applicant must have completed their preparation to qualify for such benefits and the overall package. To begin your preparation for SBI Clerk, review the exam pattern and syllabus.
Other allowances, in addition to the basic salary, include the following:
Allowances differ depending on where you are stationed. Employees are given a provident fund, a pension under the New Pension Scheme, medical coverage, leave benefits, and other benefits.
A separate job in the Clerk Cadre at SBI offers more benefits in addition to the SBI Clerk Salary 2024, which they accepted. Some significant benefits of working as an SBI Clerk are listed below.
Medical benefits are provided to SBI Clerk employees at no cost. Their house member is also entitled to 75 percent medical compensation in the event of an injury, hospitalization, or illness.
On a house-by-house basis, the Dearness benefits are new in February, May, August, and November. It is determined by the CPI, or Consumer Price Index, as published by the Indian government.
The SBI Bank provides its employees with a complete travel package that includes nice guest houses and vacation homes. The Bank of SBI Clerk also allows you to visit some of India’s most beautiful cities and locations.
The House Rent is determined by the posting area. Employees assigned to metro cities such as Delhi, Mumbai, and others will pay a higher House Rent than those assigned to other districts. Junior Agricultural Associates would be able to save an extra Rs 490 per month after accounting for HRA, DA, and pension benefits. Furthermore, an SBI Clerk’s Salary includes a variety of perks such as magazines and books, a briefcase, housekeeping, and phone bills.
After all deductions, the in-hand salary of an SBI clerk varies depending on the location of employment. In-hand salaries for SBI Clerks typically range from Rs 26,000 to Rs 29,000 per month.
Yes, according to SBI clerk salary 2024, the bank provides medical benefits to its employees.
Yes, the SBI Clerk and SBI Associates exams are identical.
Yes, the position of SBI Clerk (Junior Associate) is permanent.
No, you do not need an Aadhaar card to apply for the exam.
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