SBI Clerk Salary
INCREMENT in SBI Clerk Salary…..! Candidates who are planning to apply for State Bank Of India Clerk Post first they should know SBI Clerical Cadre Salaries. As we all know the SBI is the Prime and the largest bank of India and a fortune 500 company just because of its best services. This reflects that being the part of such as reputed institution is a pride thing for every Indian citizen. Now it comes to State Bank of India Pay Scale which is also very impressive and satisfied for all positions under SBI as it provides the maximum entry level remunerations in the banking industry. So, let’s check out complete details regarding SBI Clerk Salary along with the revised salary structure, allowances and perks.
Basically, the salary structure of State Bank of India is varies from positions to another positions and also from cities to towns as per the instructions of the Bank changes from time to time. As lot of aspirants getting queries regarding salary of Clerk that’s why here we have discussed complete details regarding the State Bank Of India Clerk Pay Scale along with Allowances and other benefits etc
SBI Clerk Salary
For the post of Clerk Junior Associate, bank offers good amount of salary structure as 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540 along with the various perquisites and allowances as given in below section. Now Let us calculate SBI Clerk Salary of Graduates, which is as shown below in tabular format and it increases as DA gets revision every 6 month and the above calculation is based on current dearness allowance.
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|Dearness Allowance at 109.8 %||8784|
|House Rent Allowance||10% that is 800|
|SBI Clerk Cash in hand Salary||Rs. 18000 – 21000|
SBI Clerk Pay Scale:
- Yearly, bank offers to Clerical Cadre Rs. 400 in their basic pay as a promotion, till 03 years and the basic pay becomes Rs. 8400.
- In the next three years, they receive three promotions in their basic pay as it raises 500 for each year to achieve to Rs. 9900.
- After that, they obtain Rs. 600 pay raise for each year for four years up to their basic pay reaches 12300.
- This process keep on till the basic pay reaches Rs. 19300/-.
Salaries Structure For SBI Clerical & Sub Staff:
Median Salary According to State:
|State||Average Salary In Lacks (INR)|
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Median Pay Scale According to Certification
|Certification||Average Salary In Lakhs|
|Chartered Financial Analyst||6,32,450 INR|
|Certified Public Accountant||1,28,356 INR|
Median Pay Scale in Terms of Skill:
|Skills||Average Salary In Lakhs|
|Microsoft Word||4,60,438 INR|
|Microsoft Office||5,50,710 INR|
|Microsoft Excel||3,94,900 INR|
|Financial Analysis||5,42,583 INR|
|Customer Relationship Management||6,59,098 INR|
|Account Management||4,29,630 INR|
|Windows XP/2000/NT||5,21,700 INR|
|Operations Management||5,92,057 INR|
|Project Management||5,50,010 INR|
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Median Pay Scale According to Industry:
|Industry||Average Salary In Lakhs|
|Investment Banking||4,02,790 INR|
|Financial Services||4,34,089 INR|
|Software Services||2,43,000 INR|
|Loans, Credit Instruments and Mortgages||4,74,610 INR|
|Accounting, Tax Services and Auditing||1,58,800 INR|
|Life Insurance||4,25,025 INR|
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Median Salaries in Terms of Degree
|Degree||Average Salary In Lakhs|
|Bachelor’s Degree||7,40,382 INR|
|Master of Business Administration (Finance)||8,93,793 INR|
|MBA (Marketing& Management)||6,50,000 INR|
|B.Com (Accounting & Finance)||8,08,100 INR|
Allowances Offered to SBI Clerk:
State bank of India offers various perquisites, Provident Fund, Gratuity, Pension under New Pension Scheme (Defined Contribution Benefit Scheme), Medical, Leave fare and other facilities to employees appointed against Clerk posts. So let’ talk about the allowances that the SBI bestows on its Junior Associates in clerical cadre are:
Dearness Allowance (DA):
DA is revised quarterly that is in the months of February, May, August, and November which is basically based on CPI that is Consumer Price Index as declared by the banks i.e. DA can go up with higher CPI and vice versa as its ratio is totally depend upon inflation rate as when it goes up, the ratio of DA also goes up and when inflation falls, DA goes down.
House Rent Allowance (HRA):
Another wonderful allowance is HRA that is House Rent Allowance that completely varies according to Clerk’s place of posting which is distributed as 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations. The distributions of HRA in big cities are better as compared to those posted in other cities.
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Well, SBI bank pays Rs. 490/- p.m. to Junior Agricultural Associates as additional amount called Special Pay, which is reckoned for DA, HRA and superannuation benefits.
This allowance is paid annually. And for a clerk, it is fixed as for self is 100% and for the family is 75% it means that 100% of your medical bills will be reimbursed by the bank for you and 75% for your family members, subject to the bank norms.
Perks of Being an SBI Clerk Junior Associate
Perks and facilities provided by SBI are also very attractive as bank offers different types of perks to SBI Clerk Junior Associate as given below:
- Flexible work hours and working in shifts
- Travelling and changing challenges
- No door-to-door sales
- Stable work environment
- Upward mobility
- En cash privilege leaves
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