SBI Clerk Salary 2024, Revised In Hand Salary And Job Profile
SBI Clerk Salary 2024 is important for candidates preparing for SBI Clerk exam. The article below has the complete details on SBI Clerk Salary Structure 2024 along with other details.
SBI Clerk Salary 2024: State Bank of India annually issues the SBI Clerk Notification, inviting eligible banking enthusiasts to apply for the Junior Associate positions. With the SBI Clerk 2024 exam approaching, candidates are likely seeking information on SBI Clerk Salary, a crucial consideration while opting for such a role. This article discuss the SBI Clerk Salary, outlining the in-hand remuneration, including perks, allowances, and the Junior Associate (Clerk) role. The provided details align with the official notification.
SBI Clerk Salary 2024
A new pay scale of Rs 17900 1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920 has implemented for the SBI Clerk Salary 2024. For the SBI Clerk position, the base pay will now start at Rs. 17900 and increase by Rs. 1000 annually. The highest possible basic pay is Rs 47,920. Candidates get a base pay as well as a number of additional bonuses and incentives. A annual raise is another benefit that SBI offers to chosen applicants. In the SBI Clerk Recruitment Exam 2024, there are two phases. For candidates to considered for the Clerk post, they must pass both rounds.
- Initial SBI Clerk salary-INR 19,900 (INR 17,900 with two advance increments)
- Salary after first increment-INR 20,900
- Salary after second increment-INR 24,590
- Salary after third increment-INR 30,550
- Salary after fourth increment-INR 42,600
- Salary after fifth increment-INR 45,930
- Salary after sixth increment-INR 47,920
| SBI Clerk Salary 2024 | |
| Particular | Pay |
| SBI Clerk Salary India Basic Pay | INR 17,900 (Basic Pay)Salary after 1st increment Rs. 20,900Salary after 2nd increment Rs. 24,590Salary after 3rd increment Rs. 30,560Salary after 4th increment Rs. 42,600Salary after 5th increment Rs. 45,930Salary after 6th increment Rs. 47,920 |
| Dearness Allowances | INR. 6,234 |
| House Accommodation | INR 2,091 |
| Transport Allowance | INR 600 |
| Special Allowance | INR 3,263 |
| Gross with HRA | INR 32,088 |
SBI Clerk In-Hand Salary 2024
Candidates can get an in hand salary ranging from Rs 26000 to 29000/-. Along with the basic salary, candidates also get various perks and allowances. Candidates can check the complete details of the syllabus in this article. The salary structure may differ based on the place where candidates posted.
SBI Clerk Salary 2024 (In-Hand) = (SBI Clerk Salary 2024 Basic Pay) + Allowances – Deductions
SBI Clerk Salary 2024 Perks and Allowances
Junior Associates may receive different allowances depending on where they assigned to work. They will also reimbursed for various perks and benefits such as provident fund, pension through the New Pension Scheme (defined contribution benefit), medical benefits, leave-fare, and other advantages. These reimbursements and facilities will given according to the guidelines set by the Bank, which can change over time.
SBI Clerk Pay Scale 2023
The SBI Clerk salary structures are generally variable depending on the state. Evidently, the ones with a posting in the urban areas especially in the metropolitan cities get more figures as compared to that the rural postings. The basic pay for SBI Clerk is Rs. 19,900 (Rs. 17,900/- plus two advance increments admissible to graduates), while the Maximum Basic Salary of an SBI Clerk can go up to Rs 47920/-
SBI Clerk Salary 2024 Allowances
In a metro city like Mumbai, the total starting salary for Junior Associates is around Rs. 29,000 per month including DA and other allowances as per prevailing rate. In addition, newly hired junior employees will receive two additional salary increases. Earlier, the total starting salary for metro cities was Rs. 26,000. Refunds also depend on the place of posting. Applicants entitled to compensation for various benefits, pension fund, pension under the new pension system (contribution), health, holiday travel and other bank promotions.
| SBI Clerk Salary 2024 Conveyance Allowance | |||
| Reimbursement Per Month | |||
| Category of Employees | Maintaining two or Four wheels (Petrol in liters) | Not Maintaining Vehicles (Amount in Rs) | Entertainment Expenses (Amount in Rs) |
| Chief Associate (Working as cash-in-charge) | 43 | 900 | 1140 |
| Chief Associate | 43 | 900 | 600 |
| Special Associate | 35 | 850 | 540 |
| Senior Associate | 25 | 700 | 420 |
| Associates/Junior Associates | 20 | 625 | 360 |
SBI Clerk Salary 2024 Provision Of Newspapers
The table provides a breakdown of the amounts allocated for providing newspapers to an SBI Junior Associate based on different categories.
| SBI Clerk Salary 2024 Provision Of Newspapers | |
| Category of Staff | Rupees Per Month |
| Chief Associates | 530 |
| Special Associates working as cash-in-charge/ATM/Locker-in-charge/Members of the outbound sales force | 530 |
| Other chief associates/special associates/senior associates/associates/junior associates | 450 |
| Subordinate Staff | 350 |
SBI Clerk Salary 2024 Yearly Increment
Candidates posted to the post of Junior Associate are also provided with a yearly increment, which keeps them motivated and boosts their confidence. The table given below contains an increment table based on your basic pay.
| SBI Clerk Salary 2024 Yearly Increment | ||
| Period | Basic Pay in INR | Increment in INR |
| First Three Years | 11,765 | 655 |
| Next Three Years | 13,730 | 815 |
| Another 4 Years | 20,095 | 2120 |
| The next seven years | 28,810 | 1310 |
| After One year | 31, 540 | – |
SBI Clerk Salary 2024 Medical Facilities
Below are some of the medical services provided to the SBI Clerk.
- SBI Clerk candidates can avail of medical benefits annually to take care of their health needs. They also get medical assistance for their family.
- Hospitalization cost related expenses also handled by SBI if ever needed.
- Extended medical plan packages are also available for severe illnesses.
- Other medical perks like vaccinations and scheduled checkups included with the medical benefits a SBI Clerk can avail of.
SBI Clerk Salary 2024 Job Profile
The Junior Associates working at the State Bank of India are responsible for overseeing a range of everyday banking activities. Alongside understanding the SBI Clerk Salary, applicants need to grasp the nature of the job they’ll be handling. These responsibilities include:
- 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
- Assisting the Branch Managers
- Helping customers with documentation work, and
- General office-related tasks such as filing, faxing, scanning, and copying.
Functions as Head Cashier
The clerk also functions as a cashier. This involves handling cash transactions of the concerned branch, clearing, and transfer of cheques.
- The Junior associates may also function as special assistants or universe tellers.
- The clerks are also liable for addressing customer concerns and resolving them.
- Pay vendor invoices paperwork will be completed.
- Maintained the filling system and retrieved material from files.
- Agricultural Assistants
- Assisting in banking operations/lending for agricultural development and financial assistance to small-scale firms.
- Scrutinize the farm plans and application forms, and assist farmers in filling the application form.
- To verify the farm’s machinery, tractors, pump sets, equipment, etc. at the stipulated period.
- Maintain liaison with land records.
SBI Clerk Salary 2024 Probation Period
The candidate will be on probation for a period of 6 months. The newly recruited SBI junior Associates will have to take e-lesson as per the bank’s instructions during the probation period in order to be confirmed in the bank. If they failed in the e-lesson, their probation period will be extended until completion of the probation period. Before the end of the probation period, the newly recruited employee’s performance will be evaluated. If they do not meet the bank’s expectations, they will have to take E-lesson again. The work of SBI Clerks is extremely important and needs to be done with care.
SBI Clerk Career Growth 2024
The State Bank of India (SBI) offers promising career growth opportunities, ensuring substantial advancement for its employees. Individuals who start their journey with SBI at a young age have the potential to climb the career ladder and reach the position of General Manager. The promotions for SBI Clerks mainly occur through two pathways:
In-Cadre Promotion
Employees have the chance to be promoted within their current job category based on their performance, experience, and eligibility criteria. This progression is tied to the time spent in a particular posting location.
Notably, employees receive an additional special allowance of 1800 rupees per month, which isn’t factored into the basic pay calculation. After completing a decade of service, an Associate gets promoted to a Senior Associate. Upon crossing the twenty-year service mark, an Associate advances to the role of Special Associate, accompanied by a monthly special allowance of 2500 rupees.
This allowance is then included in the calculation of the basic pay. Once an Associate completes 30 years of service, they can rise to the position of Chief Associate, earning a special allowance of 3500 rupees, which is also factored into the basic pay calculation.
Promotion to the Office Cadre
After three years of service, an Associate can become a Trainee Officer. To progress to the Officer level, candidates need to clear the JAIIB (Junior Associate of the Indian Institute of Bankers) and CAIIB (Certified Associate of the Indian Institute of Bankers) examinations conducted by the Indian Institute of Banking & Finance.
In addition to passing these exams, candidates have to succeed in an internal written test and an interview. Successful completion of the written test leads to a two-year probation period. After probation, candidates face an interview. Those who pass the interview move up to the Middle Management grade (Scale-2), while others continue in the clerical grade.