SBI Clerk Salary 2024, Perks and Allowances, Yearly Increment
SBI Clerk Salary 2024 : SBI Clerk salary 2024 structure is discussed in this post. Candidates can check the in-hand salary and allowances offered to SBI Clerk. State Bank of India offers competitive salary for the SBI Clerk post. It is better than other similar level job profiles in the banking industry. Every year, SBI conducts the SBI Clerk 2024 exam to select suitable candidates for the post of Assistant in various State Bank of India branches across the country. It is one of the most popular exams, and every year many students participate in the recruitment process.
Candidates who clear the exam get several benefits and allowances apart from the basic salary. After selection, candidates have to complete a probation period of 6 months. In this post, we will discuss the complete SBI Clerk salary 2024 structure along with the various allowances and benefits it offers. To know more, candidates must read the complete post.
SBI Clerk Salary 2024
The pay scale for SBI Clerk Salary 2024 has been revised to Rs.17900 1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The starting basic pay for SBI Clerk will now be Rs.17900, with an annual increment of Rs.1000. The maximum basic pay is Rs.47,920. Candidates get several allowances and benefits in addition to their basic pay. SBI also offers annual increments to eligible candidates. The SBI Clerk Recruitment Exam 2024 is divided into two stages. To be considered for the clerk post, candidates must clear both the stages.
| SBI Clerk Salary 2024 | |
| Particular | Pay |
| SBI Clerk Salary India Basic Pay |
|
| 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 of Rs 26000 to Rs 29000/-. Along with the basic salary, candidates also get various allowances and facilities. Candidates can check the complete details of the syllabus in this post. The salary structure may vary depending on the place of posting of the candidates.
SBI Clerk Salary 2024 (In-Hand) = (SBI Clerk Salary 2024 Basic Pay) + Allowances – Deductions
SBI Clerk Salary 2024 Perks and Allowances
Junior Associates may be paid in various ways, depending on where they are assigned to work. They will also be reimbursed for various allowances and benefits such as Provident Fund, pension through New Pension Scheme (defined contribution benefit), medical benefits, leave of absence and other benefits. These reimbursements and facilities will be provided as per the Bank’s guidelines, which may change over time.
SBI Clerk Salary 2024 Allowances
This table provides the SBI Clerk Salary 2024 monthly reimbursement for travel expenses for the position of Junior Assistant.
| 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 Yearly Increment
Candidates appointed to the post of Junior Associate are also provided with annual increments, which keeps them motivated and boosts their confidence. The table below gives the salary increment table based on your basic salary.
| 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 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 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 are 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 are included with the medical benefits a SBI Clerk can avail of.
SBI Clerk Salary 2024 Job Profile
Junior Associates working in the State Bank of India are responsible for overseeing day-to-day banking activities. Along with understanding the SBI Clerk salary, applicants also need to understand the nature of the job they will be handling. These responsibilities include:
Account Opening
Guiding customers through the procedures for opening new accounts.
Cash Handling
Managing cash transactions at the bank’s counters.
Transaction Handling
Executing RTGS/NEFT transactions for seamless fund transfers.
Documentation Assistance
Helping customers with the necessary paperwork and documentation.
Cheque Book Management
Handling requests for new checkbooks and ensuring their proper distribution.
Customer Interaction
Engaging with customers, addressing their questions, and finding solutions to their concerns.
Demand Draft Issuance
Generating and providing demand drafts as requested by customers.
However, there are many other tasks that junior associates need to perform during their working hours.
SBI Clerk Salary 2024 Career Growth
State Bank of India (SBI) offers promising career advancement opportunities, ensuring significant growth for its employees. Individuals who start their career with SBI at a young age have the potential to rise to the position of General Manager. SBI clerks are promoted mainly through two channels:
In-Cadre Promotion
Employees get a chance to get promoted in their current job category based on their performance, experience, and eligibility criteria. This progression is linked to the time spent at a particular posting location.
Notably, employees get an additional special allowance of Rs 1800 per month, which is not deducted from their basic pay. After ten years of service, an associate is promoted to the position of senior associate. After twenty years of service, an associate advances to the role of special associate, which comes with a monthly special allowance of Rs 2500.
This allowance is then included in the calculation of basic pay. Once an associate completes 30 years of service, he can reach the position of chief associate, where he gets a special allowance of Rs 3500, which is also included in the basic pay calculation.
Promotion to the Office Cadre
An associate can reach the rank of trainee officer after three years of service. To reach the officer level, candidates have to clear the JAIIB (Junior Associate of Indian Institute of Bankers) and CAIIB (Certified Associate of Indian Institute of Bankers) exams of the Indian Institute of Banking and Finance.
Candidates have to clear these exams as well as an internal written exam and an interview. After successful completion of the written exam, there is a probation period of two years. After probation, candidates will be interviewed. Those who clear the interview move up to the Middle Management Grade (Scale-2), while those who do not clear remain in the clerical grade.
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