It is important for candidates preparing for SBI Clerk 2024 Recruitment to understand the salary structure. The role of Clerk/Junior Associate in State Bank of India not only offers a stable and respected career but also an attractive salary package, which includes competitive in-hand salary, a stable job profile and many facilities and perks. The given article presents the detailed SBI Clerk Salary 2024 outline, which provides information about the expectations of the candidates from monthly income to various benefits and job responsibilities.
SBI Clerk Salary Structure 2024
SBI Clerk in hand salary is the amount that an employee gets after deductions like Provident Fund (PF), Professional Tax and NPS. The salary in hand may vary depending on personal deductions and allowances. SBI Clerk salary varies according to the place of posting of the candidate. The given table contains the SBI Clerk salary structure consisting of various components.
| SBI Clerk Salary Structure | |
| Constituent | amount |
| Basic Pay (including 2 annual increments) | 26,730.00 |
| Dearness Allowance (17.20%) | 6,168.51 |
| house rent allowance | 2862.83 |
| transport allowance | 850.00 |
| special allowance | 7,083.45 |
| special pay new | 1200.00 |
| gross pay | 44,894.79 |
| cut | 3,673.00 |
| total payment | 41,221.79 |
Also See- SBI Clerk Notification 2025
sbi clerk in hand salary
In-hand salary of SBI Clerk will be around Rs 46,000/- per month DA and other allowances at the current rate and two additional increments in metropolitan cities like Mumbai. Pay Scale for SBI Clerk 2024 Salary Rs.24050-1340/3-28070-1650/3-33020-2000/4-41020-2340/7-57400-4400/1-61800-2680/1-64480 (20 years).
sbi clerk salary cut 2024
There are several deductions that SBI deducts from the gross salary of its employees like professional tax, etc. Deductions are primarily statutory and are considered for income tax calculations. Candidates can check the deductions listed below.
| sbi clerk salary cut 2024 | |
| cut | amount |
| Professional tax | 200.00 |
| extend tax cuts | 200.00 |
| nps | 3,273.00 |
| Total | 3,673.00 |
sbi clerk salary hike 2024
SBI employees are entitled to annual increment as per the pay scale provided by SBI. Candidates should note that there will be notable revisions in the salary structure for SBI Clerk posts from time to time. The purpose of these amendments is to ensure competitive compensation for employees in line with current market standards and internal policies.
| sbi clerk salary hike 2024 | |||
| basic salary | Salary increment | Duration | years of service |
| ₹ 24,050 | 1340/- | for 3 years | 03 |
| ₹ 28,070 | 1650/- | for the next 3 years | 06 |
| ₹ 33,020 | 2000/- | for the next 4 years | 10 |
| ₹ 41,020 | 2340/- | for the next 7 years | 17 |
| ₹ 57,400 | 4400/- | for the next 1 year | 18 |
| ₹ 61,800 | 2680/- | for the next 1 year | 19 |
| ₹ 64,480 | , | , | , |
SBI Clerk Allowances & Allowances 2024
The allowances given to Junior Associates may vary depending on their place of posting. They will get the opportunity to get reimbursement of various benefits and perks like pension, medical benefits, leave fare and other facilities under the Provident Fund, New Pension Scheme (Defined Contribution Benefit). These reimbursements and facilities will be provided as per the instructions issued by the Bank from time to time.
conveyance allowance
The table provides the details of monthly reimbursement of conveyance allowance given to a candidate appointed to the post of Junior Associate.
| sbi clerk conveyance allowance | |||
| reimbursement per month | |||
| category of employees | Maintenance of two or four wheelers (in petrol litres) | No maintenance of vehicles (Amount in Rs) | Entertainment Expenses (Amount in Rs) |
| Chief Associate (functioning as cash-in-charge) | 43 | 900 | 1140 |
| main partner | 43 | 900 | 600 |
| special associate | 35 | 850 | 540 |
| Senior Associate | 25 | 700 | 420 |
| Associates/Junior Associates | 20 | 625 | 360 |
provision of newspapers
Category-wise amount for providing newspaper to SBI Junior Associate is mentioned in the table below.
| sbi clerk provision of newspapers |
|
| category of staff | Rs per month |
| main partner | 530 |
| Special associates working as cash-in-charge/ATM/locker-in-charge/outbound sales force members | 530 |
| Other Chief Associate/Special Associate/Senior Associate/Associate/Junior Associate | 450 |
| subordinate staff | 350 |
medical facilities
The medical benefits available to SBI Clerk are as follows:
- Annual Medical Assistance: Employees are eligible for annual medical aid benefits.
- Better Medical Assistance (Specified Critical Illnesses): Advanced medical aid coverage is provided specifically for specific critical illnesses.
- Hospitalization Scheme: A scheme is in place to cover hospitalization expenses.
- Other therapeutic benefits: Additional medical benefits include coverage for vaccinations.
SBI Clerk Job Profile and Promotion
Junior Associates in State Bank of India manage various daily banking operations. Along with SBI Clerk Salary, candidates should also be familiar with the job profile.
- cash management at counters
- Interacting with customers and resolving their queries
- Assisting customers with documentation needs
- Account opening process
- Conducting RTGS/NEFT transactions
- Managing Checkbook Requests
- Issuance of demand draft
SBI Clerk Career Growth
State Bank of India provides excellent career advancement opportunities to its employees, ensuring adequate growth. Candidates who join SBI at a young age have the potential to progress to the position of General Manager. Promotion for SBI clerks mainly happens in two ways:
- In-Cadre Promotion: Employees get the opportunity to get promotion within their existing cadre or post based on their performance, experience and eligibility criteria.
- Promotion in Office Cadre: Employees can also be promoted to higher cadres, such as officer positions, through a structured promotion process that considers their skills, qualifications and performance.
in cadre promotion
The category of in cadre promotion for SBI Clerk employee is based on time bound and home posting.
- In addition to the total salary, employees are entitled to a special allowance of Rs 1800 per month. It is important to note that this allowance is not included in the calculation of basic pay. On completion of 10 years of service, an Associate is promoted to the rank of Senior Associate.
- After serving for twenty years, an associate becomes a special associate. At this level a special allowance of Rs 2500 is provided every month. It is noteworthy that after reaching this stage, the allowance is considered in the calculation of basic salary.
- On completing 30 years of service, an associate is promoted to the rank of chief associate. At this level, a special allowance of Rs 3500 is given and this amount is taken into account while calculating the basic pay.
promotion in office cadre
After completing three years of service, an Associate has the opportunity to become a Trainee Officer. To progress to the officer level, candidates must qualify the JAIIB (Junior Associate of the Indian Institute of Bankers) and CAIIB (Certified Associate of the Indian Institute of Bankers) examinations, which are conducted by the Indian Institute of Banking and Finance. Apart from passing the JAIIB and CAIIB examinations, candidates are required to pass an internal written examination and interview. On successfully passing the written examination, candidates will have to complete a probation period of two years. After completing the probation period, candidates will have to undergo interview. Those who qualify the interview will be promoted to Middle Management Grade (Scale 2). The remaining candidates who are not successful in the interview will remain in clerical grade.
SBI Clerk Salary Annual Package
The annual package of SBI Clerk Salary 2024 includes basic salary, various allowances and fringe benefits. Apart from the fixed components, SBI clerks may also be eligible for performance-based incentives and bonuses, which will further increase their earning potential. The comprehensive salary package is complemented by a host of benefits including health care, retirement plans and other perks, making SBI an employer of choice in the banking sector. The annual package of SBI Clerk will be around ₹ 4.92 Lakh.
