SBI Clerk Salary 2023: Revised Pay Scale, In-hand Salary, Job Profile, Perks

SBI Clerk In-hand Salary

Junior Associates will be the title given to the applicants hired for the position of Clerk. The difference between a CTC and an in-hand salary is noticeable. Your monthly take-home pay as an SBI Clerk is what remains after all deductions. This sum could be different depending on the employee's location of posting. As a result, employees placed in places like Mumbai, Delhi, and Kolkata receive a little higher salary. The newly hired candidates, SBI Clerk in-hand salaries would range from Rs.26,000 to Rs.30,000. The location of the candidates jobs, the current DA, HRA, and other factors all affect the SBI Clerk compensation.

SBI Clerk Salary 2023 & Salary Structure

The SBI Clerk Salary Structure is as follows:

SBI Clerk Salary Increments with Pay Scale

SBI Clerk Mains Cut-Off 2023 Out (State-wise) - Click Here

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SBI Clerk Pay Scale 2023

The revised pay scale for SBI Clerk is Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920, according to the most recent announcement. The graduate-eligible graduates are eligible for two advance increments in addition to the beginning Basic Pay of Rs.17900. In addition to your base compensation, the SBI Clerk salary has other components that contribute to your take-home salary. SBI provides its staff with a competitive benefit package. Formerly, the SBI Clerk's pay scale was as follows: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110- 2120/1-30230-1310/1-31450.

SBI Clerk Salary - Allowances & Compensations

The allowances are included in the total salary and are in some ways beneficial to the employee (Clerk). These compensations consist of:

1. Dearness Allowance (The Dearness Allowance rises on a quarterly basis and is based on the country's inflation rate; as inflation rises, the DA rises and vice versa.)

2. House Rent Allowance

3. Transport Allowance

4. Special Allowance

5. City Allowance

6. Medical Allowance

7. Newspaper Allowance

8. Furniture Allowance

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SBI Clerk Salary Deductions

As part of the process, the salaries of all candidates will be deducted.

1. Professional Tax

2. Pension Fund

Probation Period for SBI Clerk

The candidates who are hired to fill the positions of SBI Clerk will serve a six-month probationary term. The applicants will be required to finish the required e-lessons throughout their SBI probationary term. Moreover, the candidates will be assessed once the six-month SBI Clerk probationary period has ended. Candidates who don't perform up to the bank's standards will have to retake the entire course since SBI Clerk job is crucial and careful implementation is necessary.

SBI Clerk Salary - Perks & Benefits

Like a typical bank job, the SBI Clerk Salary includes benefits like stability, financial security, health insurance, and provident fund. In addition, the opportunity to work with the government's central bank is a plus in and of itself.

A pension, medical leave, and leave fare are a few additional significant benefits. Additionally, the promotions offered boost the profile.

SBI Clerk Starting Salary for Metro Cities

As you are aware, the SBI Clerk compensation differs depending on the candidates places of employment. As a result, the SBI Junior Associates wage structure will change.

1. In a major city like Mumbai, the beginning salary for a member of the Clerical Cadre will be around Rs. 29,000 per month, including D.A, other allowances at the present rate, and two further raises for newly hired graduate junior associates.

2. The SBI clerks will be entitled for reimbursement of a variety of perks and benefits, provident fund, pension under the New Pension Plan (Defined Contribution Benefit), medical, leave-fare, and other amenities, according to whatever instructions the Bank may from time to time give.

SBI Clerk Career Growth Opportunities

The Clerical Cadre of State Bank of India has several prospects for professional advancement. After working as an SBI clerk, you will have several opportunities to advance. Most bank hopefuls aspire to be officers. To be eligible for promotion to Officer, all applicants who want to move from the position of clerk to that of officer must apply for the promotion test, appear for the exam, and complete at least two years of service. Promotions to JMGS Scale-I are available for SBI staff members in the clerical cadre.

1. At the SBI, promotions may be internal (to the clerical level itself) or external (to the officer cadre).

2. Employees must fulfil a set of criteria, which varies depending on the promotion cadre, in order to be promoted to the officer cadre. For instance, after three years of service, employees are qualified to take the written test and interview for promotion to trainee officers.

3. SBI offers its clerks more opportunity for promotion than other government banks do.

4. The fast-track promotion procedure at SBI may allow employees to go all the way to the position of General Manager.

SBI Clerk Promotion in Two Ways

Promotion is available to SBI Clerks in one of two ways:

1. In-cadre Promotion

This kind of promotion is based on home postings and has a deadline.

• In addition to the base salary, a special allowance of ₹ 1800 is given. An assistant becomes a senior assistant after ten years of service. (This Allowance is not considered for calculation of basic pay).

• After twenty years of service, an assistant will be promoted to Special Assistant. There is a special allowance of ₹ 2500/- for this position (This is considered for calculation of basic pay).

• After thirty years of service, an assistant becomes a Senior Special Assistant. There is a special allowance of ₹ 3500/- for this position (This is considered for calculation of basic pay).

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2. Promotion to Officer cadre

• After serving for three years, an assistant becomes a Trainee Officer.

• 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.

• Then, these officers are placed on two years of probation. After the trial period, they are either promoted to the Middle Management Grade (Scale-II) or demoted back to the Clerical Cadre depending on the results of their personal interview.

• When an assistant has served six years under the fast track channel or twelve years under the normal track channel, he or she is eligible to become a Scale-I Officer in the Junior Management Grade. JAIIB and CAIIB qualifications are also crucial for quick promotions, and both the written exam and the personal interview must be passed.

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SBI Clerk Job Roles and Responsibilities of Junior Associate (Clerk)

A clerk holds a key position in any bank. Dealing with several valuable tasks relating to the customers accounts and resolving their complaints and concerns is a crucial part of the bank clerk's job. The SBI Clerk Job profile is crucial to the banking industry. The work of the SBI Clerk is highly important to the bank. The following duties are carried out by Junior Associates or Clerks at SBI:

1. Performs the role of a single window operator (SWO): This include carrying out routine banking tasks such account opening, money transfers by check, NEFT, or RTGS, issue of Demand Drafts (DD), check clearance, chequebook requests, and email reception.

2. Performs the role of a Head Cashier: At some branches of the SBI, a clerk may also need to serve as a cashier. This include managing the relevant branch's cash transactions, clearing payments, transferring checks, etc.

3. At SBI, the clerks are also responsible for listening to and attempting to resolve customer complaints.

4. The clerks could also need to serve as universal tellers or special assistance.

SBI Clerk Salary - FAQs