SBI Clerk Salary 2020: State Bank of India (SBI) is undoubtedly one of the largest public sector banks. A job in SBI is considered to be secure and prestigious that not only provides financial security but also social status in the society. Therefore, SBI Clerk is one of the most demanding entry-level jobs in the country. In this article, we will provide all the details regarding SBI Clerk Pay Scale, Job Profile, Allowances, Promotion and Growth Opportunities.
The SBI Clerk 2020 Preliminary exam has already been conducted and candidates are waiting for their results. This year SBI has posted for more than 800 vacancies for its clerical posts across the country. Read on to find out everything related to SBI Clerk Salary 2020.
SBI Clerk Junior Associates Recruitment Preliminary Examination has been conducted. You can Check Your Results Here!
Overview Of SBI Clerk Salary 2020
SBI has dedicated the salary of an SBI Clerk employee in a Metro city like Mumbai will be around Rs. 25,000/-. This includes various allowances associated with the corresponding basic pay. However, these allowances will vary accordingly with the city the job has been posted.
The SBI Clerk salary pay scale will be 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110- 2120/1- 30230-1310/1-31450.
This means an SBI Clerk (Junior Associate) will get a starting pay of Rs. 11,765/- with an annual increment of Rs 655/-.
After 3 years, the SBI Clerk Salary will be Rs. 13,730/-. Hereafter, there will be an annual increment of Rs. 815/-. The salary will be Rs. 16,175/- after the next 3 years, with an annual increment of Rs. 980/-. After that, the salary will be Rs. 20,095/- for the next 4 years. After the next 7 years, the SBI Clerk Salary will be Rs. 28,810/-. After one more year, it will be Rs. 30,230/-. And again, after 1 year, the SBI Clerk Salary will be Rs. 31,540/-. This will be the maximum SBI Clerk Salary that an employee under this post can get.
SBI Clerk Salary Components: Allowances
The components (allowances) of SBI Clerk Salary can be broken down into the following:
|Dearness Allowance (DA)||This component of SBI Clerk Salary is revised quarterly, i.e., 4 times a year, and is based on the Consumer Price Index (CPI). The DA increases when inflation is high and vice versa.|
|House Rent Allowance (HRA)||The HRA depends on the city where the SBI Clerk has been posted. If it is a Metro city, the HRA will be higher. In the case of rural areas, the HRA would be comparatively lower.|
The SBI Clerk Salary comprises of different allowances such as furniture allowance, telephone bills reimbursements, and many more. With all these allowances, the starting salary per month in a metro city like Mumbai becomes approximately Rs 25,000.
SBI Clerk Salary: Perks & Other Benefits
Apart from the SBI Clerk Salary, the SBI Junior Associates enjoys other sequential benefits such as:
- a) Stability,
- b) Financial security,
- c) Flexible working hours,
- d) Good work environment,
- e) Pension under New Pension Scheme (NPS),
- f) Medical insurance,
- g) Provident Fund, and more.
SBI Clerk Job Profile: Role Specification And Responsibilities
The SBI Clerk or SBI Junior Associates work as Single Window Operator (SWO) wherein they look after the day-to-day activities of the bank. They have to deal with the customers and address their concerns. They are also responsible for activities like opening bank accounts, transactions related to RTGS/NEFT, issuing DDs, handling cheque book requests, transferring amounts through different payment modes, etc. They may even have to work as cashiers (sometimes).
SBI Clerk Promotions And Growth Opportunities
SBI Clerk offers immense growth opportunities which are a lot better as compared to other clerical designations in other government banks. In SBI, a Junior Associate can reach as high as General Manager. However, based on the posts, there will be certain eligibility criteria that they must meet. Also, they will have to appear for the necessary exams and/or interviews if they wish to go for that post.
As you can see, the SBI Clerk is a great job to start your banking career. The SBI Clerk Salary is decent enough for an entry-level government job. The other benefits and growth opportunities too make it one of the most demanding jobs in India.
Candidates appearing for SBI Clerk Exam 2020 must work on their overall development. You must have a clear idea about the SBI Clerk exam pattern and SBI Clerk syllabus. And, you must wrap up and learn the entire concepts thoroughly before you start taking SBI Clerk mock tests up.
Free SBI Clerk Mock Test
Given below are free online SBI Clerk Prelims Mock Tests available on Embibe:
- SBI Clerk Prelims Mock Test 1
- SBI Clerk Prelims Mock Test 2
- SBI Clerk Prelims Mock Test 3
- SBI Clerk Prelims Mock Test 4
- SBI Clerk Prelims Mock Test 5
We strongly believe that your SBI Clerk preparation can become much simpler if you finish up your SBI Clerk mock test series and start analyzing them.
We hope that this detailed article on SBI Clerk Salary helps you. If you have any query regarding SBI Clerk exam or have any suggestions, drop your comments below. We will surely help you out.
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