Latest Banking jobs   »   SBI Clerk 2023-24   »   SBI Clerk Salary 2024

SBI Clerk Salary 2024, Salary Structure, Perks & Allowances

SBI Clerk Salary 2024

The State Bank of India has initiated the recruitment process to recruit 8773 posts of Junior Associates in the SBI across India. With the notification, SBI also tells about the SBI Clerk Salary 2024. The SBI is a venerable institution in the banking sector, and securing a position as an SBI Clerk is a coveted accomplishment for many aspirants. Aspirants interested in the position of Junior Associate should be acquainted with the attractive pay scale offered. The SBI Clerk Salary 2024 includes a pay scale of Rs. 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. In addition to this salary, aspirants will also be entitled to various benefits and advantages. Candidates can refer to this article to get complete information regarding SBI Clerk Salary 2024.

SBI Clerk In-Hand Salary

SBI Clerk’s In-Hand Salary in a metropolitan city like Mumbai will be approximately Rs.37,000/- per month inclusive of DA and other allowances at the current rate and two additional increments for newly appointed junior associates. The pay scale for SBI Clerk Salary 2024 is Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The in-hand salary is the amount that an employee receives after deductions such as provident fund (PF), professional tax, and income tax. The in-hand salary may vary based on individual deductions and allowances. SBI Clerk Salary varies as per the location of the candidate’s posting. Moreover, this can be an efficient opportunity for the candidate to rule out their career with tremendous growth.

SBI Clerk Prelims Cut Off 2024- Click Here to Check

SBI Clerk Salary 2024: Overview

An overview of SBI Clerk Salary 2024 comprising the important points is discussed in the below table.

SBI Clerk Salary 2024: Overview
Organization State Bank Of India
Exam Name SBI Clerk Exam 2023-24
Post Junior Associates
Vacancy 8773
Category Salary
Starting Basic Pay Rs.19900/-
Pay Scale Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-
1730/7-42600-3270/1-45930-1990/1-47920
Total Starting Emoluments Rs.37,000/-(In Metro City Like Mumbai)
Allowances & Benefits
  • DA,
  • HRA,
  • Provident Fund,
  • Pension under New Pension Scheme (Defined Contribution Benefit),
  • Medical,
  • Leave-Fare
Official Website www.sbi.co.in
WhatsApp Official Channel Join WhatsApp Channel
Telegram Official Channel Join Telegram Channel

SBI Clerk Salary 2024 Pay Scale

A candidate appointed for the post of Junior Associate receives a salary on the given pay scale. Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.The starting Basic Pay is Rs.19900/- (Rs.17900/- plus two advance increments admissible to graduates)

SBI Clerk Salary Structure 2024

The net SBI Clerk Salary depends completely on the place of posting. As mentioned in the notification PDF in a metro city like Mumbai, the total starting emoluments of a clerical cadre employee will be around Rs.37,000/- per month inclusive of D.A., and other allowances at the current rate and two additional increments for newly appointed graduate junior associates.

SBI Clerk Latest Salary Slip

SBI Clerk’s latest salary slip for August 2022 is provided below. For complete details, candidates can refer to the SBI Clerk’s Latest Salary slip.

SBI Clerk Salary 2024, Salary Structure, Perks & Allowances_3.1

SBI Clerk Salary 2024, Salary Structure, Perks & Allowances_4.1

SBI Clerk Salary: Perks & Allowances

The allowances provided to Junior Associates may vary based on their place of posting. They will have the opportunity to receive reimbursement for various benefits and perquisites such as provident fund, Pension under the New Pension Scheme (Defined Contribution Benefit), Medical benefits, leave fare, and other facilities. These reimbursements and facilities will be granted by the instructions issued by the Bank from time to time.

pdpCourseImg

Conveyance Allowance

The table provides details of the monthly reimbursement for conveyance allowances granted to a candidate appointed for the post of junior associate.

SBI Clerk Salary 2024: Conveyance Allowance
Reimbursement Per Month
Category of Employees Maintaining two or Four Wheelers (Petrol in litres) 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

Provision Of Newspapers

The category-wise amount for the provision of newspapers to an SBI Junior Associate is mentioned in the below table.

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 outbound sales force 530
Other chief associates/special associates/senior associates/associates/junior associates 450
Subordinate Staff 350

Medical Facilities

The medical benefits that an SBI Clerk gets are as follows:

  1. Annual Medical Aid: Employees are eligible for an annual medical aid benefit.
  2. Improved Medical Aid (Specified Serious Disease): Enhanced medical aid coverage is provided specifically for specified serious diseases.
  3. Hospitalization Scheme: A scheme is in place to cover hospitalization expenses.
  4. Other Medical Benefits: Additional medical benefits include coverage for vaccinations.

SBI Clerk Salary 2024: Job Profile

The Junior Associates at the State Bank of India manage various day-to-day banking operations. Along with SBI Clerk Salary, candidates should also be familiar with the job profile.

  • Cash handling at counters
  • Interacting with customers and resolving their queries
  • Assisting customers with documentation requirements
  • Account opening procedures
  • Conducting RTGS/NEFT transactions
  • Managing chequebook requests
  • Issuing demand drafts

SBI Clerk Salary 2024: Career Growth

The State Bank of India provides excellent career advancement opportunities for its employees, ensuring substantial growth. Candidates who join SBI at a young age have the potential to progress to the position of General Manager. The promotions for SBI Clerks primarily occur through two ways:

  • In-cadre promotion: Employees have the opportunity to receive promotions within their existing cadre or position, based on their performance, experience, and eligibility criteria.
  • Promotion to the office cadre: Employees may also be promoted to higher cadres, such as Officer positions, through a structured promotion process that considers their skills, qualifications, and performance.

In Cadre Promotion

The category of In Cadre Promotion for an SBI Clerk employee is time-bound and based on home posting.

  • Apart from the total salary, employees are entitled to receive a special allowance of 1800 rupees per month. It is important to note that this allowance is not included in the calculation of the basic pay. Upon completing 10 years of service, an Associate is promoted to the position of Senior Associate.
  • After serving for twenty years, an Associate becomes a Special Associate. At this stage, a special allowance of 2500 rupees is provided every month. It is significant to mention that after reaching this stage, the allowance is considered in the calculation of the basic pay.
  • Upon completing 30 years of service, an associate is promoted to the position of Chief Associate. At this stage, a special allowance of 3500 rupees is paid, and this amount is taken into account when calculating the basic pay.

Promotion To The Office Cadre

After completing three years of service, an Associate has the opportunity to become a Trainee Officer. To progress to the Officer level, candidates must qualify in the JAIIB (Junior Associate of the Indian Institute of Bankers) and CAIIB (Certified Associate of the Indian Institute of Bankers) examinations, which are conducted by the Indian Institute of Banking & Finance. In addition to clearing the JAIIB and CAIIB exams, candidates are required to pass an internal written test and interview. Upon successfully clearing the written test, candidates must serve a two-year probation period. After completing the probation period, candidates will undergo an interview. Those who pass the interview will be promoted to the Middle Management grade (Scale 2). The remaining candidates who do not clear the interview will continue in the clerical grade.

SBI Clerk 2024 Probation Period

The newly selected Junior Associates will be completing a probation period of 6 months. During the probation period, candidates have to complete e-lessons as prescribed by the bank during the time course. To have a confirmed seat in the bank, candidates have to work properly during the probation period. The organization will evaluate the performance of the candidates and will accordingly appoint them as the Junior Associate in the SBI.

SBI Clerk Salary 2024-Check this Post in Hindi

FCI Recruitment 2023 Notification, Vacancy, Eligibility_80.1

FAQs

Where can I get SBI Clerk Salary 2024?

SBI Clerk Salary 2024 is discussed in the given post.

What is the basic pay according to the SBI Clerk Salary?

The starting Basic Pay according to the SBI Clerk Salary is Rs.19900/- (Rs.17900/- plus two advance increments admissible to graduates).

What does net SBI Clerk Salary include?

The net SBI Clerk Salary include the basic pay as well as the perks and allowances.

What are the allownaces included in the SBI Clerk Salary 2024?

The allownaces included in the SBI Clerk Salary 2024 are dearness allowance, house rent allowance, conveyance allownace, medical benefits, etc.

What is the job profile of a SBI Clerk employee?

The job profile of a SBI Clerk employee is discussed in the given article.

TOPICS: