SBI Clerk In Hand Salary With All Details [Updated, 2020]

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SBI Clerk 2020 Recruitment

SBI or State Bank of India is one of the most prestigious banking organizations. It doesn’t need any introduction. Every job aspirant who is struggling to get a decent job, dreams of getting into a bank like SBI. It is counted among the most coveted and preferred organizations when it comes to choosing a lucrative and rewarding job. SBI provides you with two major opportunities through which you can enter one of the largest financial companies in India and make a bright career for yourself. SBI announces job vacancies for two of its main posts: SBI PO and SBI Clerk. Both these jobs are equally popular among the job aspirants as the main motive lies in entering the organization, irrespective of the post. SBI Clerk is an equally popular and rewarding job which gives a good chance to build up your career gradually. The post of SBI Clerk is now termed as SBI Junior Associates. Though the work profile remains the same. Like every year, this year also SBI (State Bank of India) has announced vacancies for the post of SBI Clerk 2020 (Junior Associates- Customer Support & Sales). The total number of vacancies released for SBI Clerk 2020 are 8000 and all the candidates preparing for banks must have applied for it. One big advantage here will be that you will have stability as well as constant growth in the job while working in SBI. It’s all about grabbing the right opportunity at the right time in the right manner. The main reason behind opting State Bank of India (SBI) is the excellent scope of growth and opportunities that come your way while working here along with the attractive numbers you receive as your salary. All those candidates who apply for any job, surely wish to know what exactly they will be paid or how much salary will they receive. SBI Clerk 2020 being round the corner, lets give you a clear idea about how much you will be actually paid as an SBI Clerk (Junior Associate now).

SBI Clerk 2020 In-Hand Salary

SBI Recruitment being one of the most anticipated notifications in India, which is awaited by all the job aspirants. SBI surely rewards its employees really well and therefore majority of candidates just aim to get an entry into the bank. SBI pays its employees generously following a certain pay scale including other allowances and benefits.

An SBI Clerk or Junior Associate is entitled to receive a salary under a fixed pay scale of:  11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1- 30230-1310/1-31450.

For most of us, a description like this would seem confusing and unclear. You may be able to understand only parts of this pay scale, therefore we have tried to explain it properly.

  • Rs. 11,765: Basic Pay Scale
  • Rs 655 : Annual Increment
  • Rs 13,730 : Increase in salary after 3 years
  • Rs 815 : Another annual increment
  • Rs 16175 : Further increase after another 3 years
  • Rs 20,095 : Salary after increase in next 4 years
  • Rs 28110 : Salary after increase in next 7 years
  • Rs 31,450 : Final or Maximum Salary as an SBI Clerk

An SBI Clerk (Junior Associate) receives In-Hand Salary according to the above mentioned details. The In-Hand Salary actually includes the basic pay along with the allowances. An SBI Clerk is entitled to receive many allowances and benefits which is one of the main reasons of this job being preferred a lot by most of the candidates.

SBI Clerk 2020 Allowances

SBI being one of the top banking organizations in India provides numerous benefits and advantages to its employees irrespective of the job post. It not only provides a good salary but also some added advantages which you may not be able to receive in other jobs. SBI Clerk receives a lot many benefits and allowances which make the job more attractive. The type of allowances are discussed below:

  • Dearness Allowance – Commonly called ‘DA’, an SBI Clerk receives 4-7% Dearness Allowance of the basic pay which may also vary according to the city you are posted in.
  • House Rent AllowanceAn SBI Clerk receives 35 – 40%  HRA (House Rent Allowance) of the Basic Pay, again depending on the place of posting.
  • Transport AllowanceAn SBI Clerk would receive around 3-4% of Basic Pay as the Transport Allowance.
  • There are other allowances such as Special Allowance and Special Pay(new).
  • SBI also covers complete cost of medical treatment for its employees and their family members.
  • SBI also provides a maternity leave / child education leave of 2 years for women.

Thus,the total starting emoluments of a Clerical Cadre employee payable at a metro like Mumbai will be around 25,000/- per month inclusive of all the allowances and the increments as mentioned above. They will be eligible for reimbursement of various perquisites, provident fund, Pension under New Pension scheme (Defined Contribution Benefit), Medical, Leave fare and other facilities, as per the instructions of the Bank as may be issued from time to time.

SBI Clerk 2020: Time To Gear Up

For sure, State Bank of India provides enough opportunities for you to grow and build your career, therefore you should take the examination quite seriously. You should not lose focus of getting into the organization and working as hard as you can. Preparing a good study plan would be good along with practicing SBI Clerk Mock Tests which will give you an edge over other students and help you excel. To match up with the latest updates and to make the most out of your time and prepare in the best way, opt for the crisp and precise SBI Clerk Online Course.

Also Read:

Books for SBI Clerk exam 2020

SBI Clerk Prelims Previous Year cutoffs

SBI Clerk Preparation Strategy for 2020

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