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SBI Clerk Salary 2023
SBI Clerk Salary 2023: State Bank of India Offers a good salary for the SBI Clerk post. It is better than other same-level job profiles in the banking sector. Every year, SBI conducts the SBI Clerk 2023 exam to select suitable candidates for the post of assistant in different branches of the State Bank of India throughout 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 many perks and allowances along with a basic salary. Candidates, after selection, need to undergo a probation period of 6 months. In this article, we will discuss the complete SBI Clerk Salary 2023 structure, along with the various perks and benefits it offers. Candidates need to read the complete article to learn more.
SBI Clerk Salary 2023
The SBI Clerk Salary 2023 has been revised to a pay scale of Rs 17900 1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. Now, the starting basic salary will be Rs. 17900 for SBI Clerk post, with a yearly increment of Rs. 1000. The maximum basic pay can go to Rs 47,920. Along with the basic salary, candidates also get various perks and benefits. SBI also provides a yearly increment for the selected candidates. There are two stages in the SBI Clerk Recruitment Exam 2023. Candidates need to clear both stages to be selected for the Clerk position.
|SBI Clerk Salary 2023|
|SBI Clerk Salary India Basic Pay||INR 17,900 (Basic Pay) Salary after 1st increment INR 20,900 |
Salary after 2nd increment INR 24,590
Salary after 3rd increment INR 30,560
Salary after 4th increment INR 42,600
Salary after 5th increment INR 45,930
Salary after 6th increment INR 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 2023
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 are posted.
SBI Clerk Salary 2023 (In-Hand) = (SBI Clerk Salary 2023 Basic Pay) + Allowances – Deductions
SBI Clerk Salary 2023 Perks and Allowances
Junior Associates may receive different allowances depending on where they are assigned to work. They will also be 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 be given according to the guidelines set by the Bank, which can change over time.
SBI Clerk Salary 2023 Allowances
This table provides the SBI Clerk Salary 2023 monthly reimbursement for travel expenses for the position of Junior Assistant.
|SBI Clerk Salary 2023 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|
SBI Clerk Salary 2023 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 2023 Provision Of Newspapers|
|Category of Staff||Rupees Per Month|
|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|
SBI Clerk Salary 2023 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 2023 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 2023 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 2023 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:
Managing cash transactions at the bank’s counters.
Guiding customers through the procedures for opening new accounts.
Executing RTGS/NEFT transactions for seamless fund transfers.
Engaging with customers, addressing their questions, and finding solutions to their concerns.
Helping customers with the necessary paperwork and documentation.
Cheque Book Management
Handling requests for new checkbooks and ensuring their proper distribution.
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 2023 Career Growth
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:
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.
SBI Clerk Important Links
|SBI Clerk Notification||SBI Clerk Syllabus||SBI Clerk Exam Date|
|SBI Clerk Admit Card||SBI Clerk Cut-offs||SBI Clerk Study Material|
|SBI Clerk Exam Day Guideline||SBI Clerk Salary||SBI Clerk Result|
SBI Clerk Salary 2023: FAQs:
Q: What is the basic pay of an SBI Clerk?
A: The SBI Clerk Basic pay scale 2023 is 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920..
Q: What is the Dearness Allowance for the SBI clerk?
A: The dearness allowance of the SBI clerk will range between 4 to 7 % of the basic salary.
Q. What is the SBI Clerk in hand salary in 2023?
A. The SBI Clerk in hand salary 2023 will be Rs 26000 to 29000/-.
Q: What is the maximum basic pay of an SBI Clerk?
A: After a few years, the maximum basic pay will reach to Rs. 31450.
Q: What are the allowance details of the SBI clerk?
A: The allowance will include, House Rent Allowance, Dearness Allowance, Transport allowance, newspaper allowance, city allowance, etc.