What is the Salary of SBI Clerk In Hand? – Pay Scale, Allowances, Benefits, Career Growth and Promotions

Pooja | May 17, 2020

Overview

DescriptionDetails
Bank NameState Bank of India (SBI)
Job DesignationJunior Associate (Clerk)
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CRPD/CR/2019-20/20
Total number of Vacancies
8000 posts
Job CategoryBank Jobs
Official portal
https://sbi.co.in/
Application Mode
Online

SBI Clerk Salary Slip/Pay Scale 2020

Every year, State Bank of India recruits the eligible candidates for Junior Associate (Clerk) posts in its branches across the country by conducting the SBI Clerk Exam 2020. Likewise, this year also, State Bank of India has issued SBI Recruitment 2020 notification on its official portal. The last date for the submission of the SBI Clerk Application form 2020 is 26th January 2020. Candidates who wish to pursue their career as a Clerk in SBI can grab this opportunity and apply as soon as possible.

Before applying for SBI Jobs, candidates should have some knowledge about the salary/pay scale, job profile, job opportunities, perks/allowances, benefits, career growth, and promotions, etc. So, we have shared the full details in the below sections of this article.

What is the Salary of the SBI Clerk?

Check the SBI Clerk Salary details 2020 here:

Pay Scale of SBI Clerk:

  • Rs.11765-655/ 3-13730-815/ 3-16175-980/ 4-20095-1145/7-28110-2120/ 1-30230-1310/1-31450

SBI Clerk Allowances and Benefits

The earnings and deductions of a newly selected SBI Clerk are as below:

Earnings

  • Initial Basic Pay: Rs. 13,705/- (annual increment: Rs. 655/-)
  • Dearness Allowances (DA): Varies quarterly
  • Transport Allowance (TA): Rs. 425/-
  • Special Allowance (SA): Rs. 1064/-
  • Special Pay: Rs. 330/-
  • House Rent Allowance (HRA): Around 10 % of Basic pay
  • Gross Amount: Rs. 23000 (approximate)

Deductions

  • Provident Fund (PF): Rs. 1300/-
  • Professional Tax: Rs. 200/-
  • New Pension Scheme: Rs. 2000/-
  • SBI Clerk 2020 salary in Class Y cities: Rs. 20,000/-
  • SBI Clerk 2020 salary in Class Z cities: Rs. 19,000/-

SBI Clerk Salary details in Class Y city

  • Basic salary: Rs. 11,765/-
  • Dearness Allowance: Rs.5311.58/-
  • CCA: Rs. 0/-
  • Transport Allowance: Rs.425/-
  • Total (without HRA): Rs.18413.37/-
  • HRA: Rs.1176.5/-
  • Gross with HRA: Rs.19589.87/-

SBI Clerk Salary Increment details

  • Basic salary: Rs. 11,765/-
  • Annual increment: Rs. 655/-
  • After three years: Increase to Rs. 13,730/-
  • After another three years: Rs. 16,715/-
  • After another four years: Rs. 20,095/-
  • After another seven years: Rs. 28,110/-
  • Maximum salary: Rs. 30,450/-

Benefits of an SBI Clerk

  • Flexible working hours
  • Friendly working environment
  • Job stability and security
  • Financially secure
  • New pension scheme
  • Medical allowances
  • Provident fund, etc

What is the In-hand Salary of an SBI Clerk?

After the deductions, the in-hand salary of an SBI clerk ranges from Rs. 20, 000 – 23, 000/-. It may vary as per the posting location

SBI Clerk Job Profile

SBI clerk job profile includes the front desk work and handling the customer-related operations.

SBI Clerk functioning as a Single Window Operator (SWO):

  • It involves the day-to-day bank activities like
  • Handling customers inquiries, receiving the emails, and delivery
  • Transfering of amount through cheque/ NEFT/ RTGS
  • Issuance of Demand Drafts (DD)
  • Cheque clearance and chequebook requests
  • Talking to customers and clarifying their doubts and giving the right advice
  • Opening new accounts, issue of bank statements, etc

SBI Clerk functioning as Head Cashier:

  • It involves handling cash transactions like
  • Collecting and withdrawal of cash/money
  • Clearing and transfer of cheques, etc
  • SBI Clerk (Junior Associate) Career Growth and Promotions
  • SBI offers better promotion opportunities as compared to other bank exams.
  • Candidates who have recruited as an SBI Clerk (Junior Associate) will get promoted to JMGS Scale-I
  • After 3 years of service, candidates have to appear for the written exam and interview to get promoted to Trainee Officers
  • The highest level of promotion that an employee may reach is General manager

Frequently Asked Questions

Q. What is the Pay Scale for SBI Clerk?

A. Rs.11765-655/ 3-13730-815/ 3-16175-980/ 4-20095-1145/7-28110-2120/ 1-30230-1310/1-31450

Q. What is the basic Salary for SBI Clerk Posts?

A. Rs. 11,765/-

About Author

Pooja

Pooja

Being a content writer, I am providing clear information about Latest, Live, upcoming job notifications across the country. My Intension is to provide the genuine information for the folks who are preparing for various exams everyday. 

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