SBI Clerk Salary 2024, Revised In Hand Salary, Job Profile

SBI Clerk Salary 2024

The SBI Clerk Salary 2024 stands out as highly competitive compared to other entry-level positions in the banking industry. The SBI Clerk exam is among the most popular in India, primarily due to the attractive salary package, perks, and benefits that come with the role. Selected candidates enjoy a respectable salary along with several additional perks.

Understanding the SBI Clerk Salary Structure and job profile is crucial for candidates to assess if they are well-suited for the role. Newly recruited candidates undergo a probation period of 6 months. In this article, we cover key details about the SBI Clerk job, including in-hand salary, job profile and responsibilities, perks and allowances, salary slips, promotions, and career advancement opportunities.

SBI Clerk In Hand Salary 2024

The SBI Clerk In Hand Salary 2024 in metropolitan cities like Mumbai is approximately ₹37,000 or higher. Employees stationed in cities such as Mumbai, Delhi, and Kolkata receive slightly higher remuneration due to city allowances.

SBI Clerk 2024 Salary Structure

The revised initial SBI Clerk Pay Scale is Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The initial salary package of an SBI Clerk in a Metro city like Mumbai has been revised to Rs 29000/- per month including the Dearness Allowance (D.A) & other allowances.

The basic salary for a candidate will be Rs 19,900/- with a year-on-year increment of Rs 1000/- with the Basic pay while the Maximum Basic Salary of an SBI Clerk- is Rs 47920/-.

SBI Clerk Salary 2024 Annual Package

The annual SBI Clerk Salary 2024 is well constructed with the basic pay and allowances which are up to Rs 4.44 Lakhs. The employees also enjoy additional performance-based incentives and bonuses along with a fixed salary. They also get medical and healthcare facilities and enjoy a beneficial retirement plan.

SBI Clerk 2024 Salary Slip

Aspirants must know the details of the SBI Clerk Salary Slip after the 11th bipartite settlement. The major components of the SBI Clerk’s Salary are basic pay and allowances which are mentioned in the salary slip for the reference of the employees. It can be said that it is an overall breakdown of the salary received by the candidates. All the deductions and allowances are mentioned in it.

SBI Clerk Salary 2024 Perks

Along with a highly reputable job profile and a handsome salary, the perks and allowances add up to the fascination of the Clerical posts of SBI. The 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 facilities, as per instructions of the Bank as may be issued from time to time. After clearing the SBI Clerk examination, the clerk enjoys the following perks along with the SBI Clerk Salary 2024:

1. Stability
2. Financial Security
3. Pension under the New Pension Scheme(NPS)
4. Medical Insurance
5. Provident Fund

SBI Clerk 2024 Allowances

The perks of being an SBI Clerk/Junior Associate come with tons of graces. It is not only limited to the basic pay scale but has ample benefits and allowance facilities. Along with the basic salary, the list of other allowances includes the following:

1. Dearness Allowance
2. House Rent Allowance
3. Transport Allowance
4. Special Allowance
5. City Allowance
6. Medical Allowance
7. Newspaper Allowance
8. Furniture Allowance

Allowances vary from the place of posting. The SBI Clerk’s salary per month also comprises House Maintenance Allowance, Furniture Allowance, Magazine and Books Allowance, and Reimbursement of phone and telephone bills. So, the overall remuneration will be the amount total of basic pay and allowances.

SBI Clerk 2024 Job Profile

A candidate appointed as a clerk in the State Bank of India has an immense growth chance of growing until the post of General Manager. The candidates need to be acquainted with the SBI Clerk job profile to realize whether they are an impeccable fit for the job or not. As mentioned, it is a good opportunity to get an entry-level job in the banking sector. The role of an SBI Bank Clerk includes the following:

1. Functions as a Single Window Operator: Day-to-day bank functions such as opening accounts, amount transfers through cheque/ NEFT/ RTGS; issuing of Demand Drafts(DD), Cheque clearance, Cheque book requests, and receiving inward emails.
2. Functions as Head Cashier: Sometimes, the clerk also functions as a cashier. This involves handling cash transactions of the concerned branch, clearing, and transfer of cheques.
3. The Junior associates may also function as special assistants or universe tellers.
4. The clerks are also liable for addressing customer concerns and resolving them.

SBI Clerk 2024 Promotion and Career Growth

The role of an SBI Clerk is dynamic, offering numerous opportunities for career growth. Clerks have multiple chances to advance to higher positions through internal exams and interviews, which are conducted periodically. Candidates aiming to be promoted from Clerk to Officer must apply for the promotion test, complete the exam, and serve for a minimum of 2 years to qualify. There are three main types of promotions available for SBI Clerks.

1. In-Cadre Promotions for SBI Clerk

i) A special allowance of Rs 1800 is provided along with the total salary. After 10 years of service, the assistant becomes a Senior Assistant. (This Allowance is not considered for the calculation of basic pay).

ii) An assistant will become a Special Assistant after twenty years of service. This post carries a special allowance of Rs 2500/- (This is considered for the calculation of basic pay).

iii) An assistant will become a Senior Special Assistant after thirty years of service. This post carries a special allowance of Rs 3500/- (This is considered for the calculation of basic pay).

2. Promotions for SBI Clerk to Officer Cadre To Trainee officer

• A candidate as a clerk in service for three years can become a trainee officer after clearing a written test and interview. Such clerks are kept under probation for an initial two years of appointment as Trainee Officers. Based on performance and after the probation period, the trainee officer will be either recruited into the Middle Management Grade Scale-II (MMGS-II) cadre or sent back to the clerical cadre.

3. Directly to JMGS-I

• A six-year service under a fast-track promotion channel or after twelve years of service under a normal promotion channel, a clerk can become a Junior Manager Grade Scale (JMGS-I) officer, after clearing a written test and interview. This promotion is subject to an upper age limit.

SBI Clerk 2024 Probation Period

1. A candidate will be serving 6 months on probation. Newly recruited Junior Associates will be required to complete e-lessons as prescribed by the bank during the probation, to get confirmed in the Bank, failing which their probation will be extended till completion of the same.
2. Further, before the probation period comes to an end, the performance of the newly recruited employees will be evaluated and the candidates who fail to meet the expectations of the bank will be required to take complete lessons again as SBI Clerk work is very important and must be done carefully.

Sharing is caring!