SBI Clerk Salary 2023-24 - Pay Scale, Job Profile

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SBI Clerk Salary 2024

Before applying for the job, it is extremely necessary to know about the SBI Clerk salary structure. The SBI is considered to be one of the best recruiters in the banking industry because the SBI Clerk salary is quite handsome. Along with other benefits to its employees, it rewards their work further by providing some perks and allowances as well. To work with a bank like the State Bank of India is a dream of many.

If you get posted in one of the Metro cities, the starting SBI Clerk Basic Pay 2024 will be around ₹19,900/- per month inclusive of other facilities. For a Graduate, two additional increments will be implemented. However the SBI Clerk notification 2024 is not out yet, you can still have an overview about the SBI Clerk salary according to the 2023 notification. Let's check out the SBI Clerk Salary below. The SBI Clerk salary mentioned below is as per the 2023 SBI Clerk official notification.

PostSalary
SBI Junior Associates (Clerk)
  • PAY SCALE:- Rs.17900-1000/ 3-20900-1230/ 3-24590-1490/ 4-30550-1730/ 7-42600-3270/ 1-45930-1990/1-47920.
  • Basic Pay:- Rs. 19900/- (Rs. 17900/- plus two advance increments admissible to graduates)

SBI Clerk Total Emoluments and In-Hand Salary 2024

As per the SBI Clerk notification, the total starting emoluments of an SBI Clerk encompasses the approximate amount a candidate receives before various deductions. The initial total emoluments for an SBI Clerk in a Metro like Mumbai will be around Rs 37,000/- per month inclusive of DA and other allowances at current rate. One significant determinant of this figure is the posting location, which varies between urban and rural areas. The estimated in-hand salary after deductions will be approximately 29,000/- per month.

SBI Clerk Salary Structure 2024

The SBI Clerk Salary Structure has been updated as follows:

  • SBI has recently revised the pay scale for SBI Clerks, and the new pay scale stands at Rs. 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.
  • The previous pay scale was 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31450.
  • This essentially means that the initial basic salary for a candidate will be Rs. 17900/-, and there will be a yearly increment of Rs. 1000/- in the Basic pay. The maximum basic salary for an SBI Clerk will be Rs. 47920/-.

SBI Clerk Perks And Allowances

The complete salary package considers various allowances, which offer advantageous perks to the Clerk employee. These allowances encompass:

  • Dearness Allowance: The Dearness Allowance is subject to quarterly adjustments based on the prevailing inflation rate in the country. If inflation rises, the DA increases, and conversely, it decreases.
  • House Rent Allowance: This allowance is provided to cover housing expenses. The amount can differ based on the location of the posting and the individual's basic salary.
  • Transport Allowance: Intended to offset commuting costs, the Transport Allowance varies depending on the location and the employee's grade.
  • Special Allowance: A supplementary allowance granted to employees in the banking sector, it contributes to the overall income.
  • City Allowance: City Allowance is relevant to those posted in metropolitan areas and assists in managing higher living costs.
  • Medical Allowance: Employees receive this allowance to cover medical expenses and health-related costs.
  • Newspaper Allowance: Provided to stay updated, this allowance aids employees in subscribing to newspapers.
  • Furniture Allowance: To support employees in purchasing and maintaining furniture, this allowance is provided.

It's important to note that the amounts of these allowances can vary based on the posting location. Overall, these allowances substantially enhance the overall compensation package, addressing the specific needs and circumstances of the SBI Clerk employees.

SBI Clerk Probation Period

When you join the SBI, initially you will be on an SBI Clerk probation period for 6 months. You will be governed by the terms and conditions of the Service Regulations of the Bank at the time of joining as an SBI Junior Associate. Besides this, you need to complete e-lessons as prescribed by SBI for getting confirmed in the Bank. In case you fail, your SBI Clerk probation will be extended further.

SBI Clerk Job Profile

A very large number of job aspirants apply for the SBI clerk every year. Being one of the largest and most prominent banks in the Indian Banking System, SBI Clerk recruitment always attracts the youth who want to make a career in the public banking system in India. As an SBI Clerk employee, you have ample opportunity to get promoted to a higher level. But before you go for such a rewarding career, it is very important that you are aware of the SBI Clerk job profile. Some basic responsibilities of the SBI Clerk are listed below-

  • Managing Daily Transactions: As an SBI Clerk, one of your primary responsibilities is to manage the day-to-day transactions that take place at the bank. This includes processing various types of financial transactions such as deposits, withdrawals, fund transfers, and account balance inquiries. Accuracy and attention to detail are crucial to ensure that all transactions are recorded correctly and that customers' accounts are accurately updated.
  • Assisting Customers and Addressing Queries: SBI Clerks play a pivotal role in providing excellent customer service. You'll interact with a diverse range of customers, addressing their queries, concerns, and requests. This involves explaining different banking products and services, helping customers understand their account statements, guiding them through digital banking processes, and assisting with any issues they may encounter during their banking transactions.
  • Overseeing Withdrawals, Deposits, and Verifying Cheques: Another vital aspect of the SBI Clerk's role is to oversee transactions involving withdrawals and deposits. When customers come to the bank for cash withdrawals or depositing funds, you'll process these transactions efficiently and ensure that proper documentation is maintained. Additionally, you'll play a role in verifying cheques presented by customers, ensuring that they are genuine and properly endorsed before funds are released or credited.
  • Maintaining Records and Documentation: SBI Clerks are responsible for maintaining accurate and up-to-date records of all transactions processed. This includes accurately entering transaction details into the bank's systems, updating customer account information, and ensuring that all records are properly filed and organized. Proper record-keeping is essential for both customer service and regulatory compliance.
  • Promoting Banking Services: While assisting customers, SBI Clerks also have the opportunity to promote various banking services such as savings accounts, fixed deposits, loan products, and digital banking solutions. By informing customers about these offerings, you contribute to the growth of the bank and help customers make informed decisions about their financial needs.
  • Collaborating with the Team: SBI Clerks work as part of a larger banking team. Effective collaboration with colleagues, including senior officers and other staff members, is crucial for maintaining a smoothly functioning branch. This collaboration ensures that all customer needs are met efficiently and that the branch operates effectively.

In summary, the role of an SBI Clerk goes beyond routine transactions; it involves customer service, financial management, documentation, and promoting banking services. The position requires a combination of interpersonal skills, financial acumen, attention to detail, and a strong commitment to serving customers and the bank effectively.

SBI Clerk Career Growth

Entering as a Junior Associate, the path for career growth in the SBI Clerk position offers substantial opportunities. As time passes, both the SBI Clerk salary and the prospects for promotion increase. As an aspiring banker, comprehending the career growth options within the SBI Clerk role is pivotal. As you ascend the ladder of SBI's career progression, your remuneration will also witness a positive shift. Thus, it's vital to be well-informed about both the SBI Clerk salary structure and the promotion process.

SBI Clerk Career Growth (In-Cadre Promotion):

  • In-cadre promotion refers to advancements within the clerical level.
  • Senior Assistant Promotion (After 10 years): Following a decade of service, SBI Clerks are promoted to the position of Senior Assistant. This elevation comes with a special allowance of Rs. 1800, enhancing the monthly in-hand salary.
  • Special Assistant Promotion (After 20 years): After completing 20 years of service, Senior Assistants are promoted to the Special Assistant cadre. A special allowance of Rs. 2500 accompanies this position.
  • Senior Special Assistant Promotion (After 30 years): Upon completing three decades of service, Special Assistants are promoted to the Senior Special Assistant cadre, which includes a special allowance of Rs. 3500.

SBI Clerk Career Growth - Promotion to Officer Cadre:

  • Trainee Officer Promotion (After 3 years): After three years of service, an Assistant can be promoted to the Trainee Officer post. This requires qualifications from the Indian Institute of Banking and Finance (IIBF) such as JAIIB & CAIIB, in addition to clearing an internal written exam and a personal interview.
  • Probation Period and Placement (2 years): For those advancing to the officer cadre, a probation period of two years is mandatory. Upon completing probation, individuals may either be posted in Middle Management Grade (Scale 2) or revert back to the Clerical Cadre, contingent on their performance during the personal interview.
  • Scale 1 Officer Promotion (6 years fast track / 12 years normal track): An Assistant can become a Scale 1 Officer in the Junior Management Grade after either 6 years in the fast track channel or 12 years in the normal track channel. This can be accelerated by clearing JAIIB and CAIIB exams, along with excelling in the written test and personal interview.

Embracing opportunities such as JAIIB and CAIIB qualifications can expedite promotions and propel your SBI Clerk career growth.

SBI Clerk Recruitment 2024

The SBI Clerk, also known as the Junior Associate exam, stands as one of the most highly sought-after examinations. Its difficulty level is notable, and the competition is remarkably fierce. The SBI Clerk role presents extensive growth opportunities, with potential advancement even to the position of General Manager. However, specific eligibility criteria must be met for various posts. Aspirants will also need to participate in required exams and/or interviews. Being a Junior Associate at the State Bank of India involves significant responsibilities. Nevertheless, the role opens doors to numerous opportunities for promotions and professional growth within the bank. In addition to offering flexible work hours, financial stability, and promising job prospects, the role of an SBI Clerk provides career stability and growth potential.

ixamBee provides an exclusive SBI Clerk Online Course, where potential aspirants like you can join other candidates to make your dream of becoming an SBI employee come true, without losing this opportunity.

SBI Clerk (Junior Associate) Prelims - Free Mock Tests

SBI Clerk 2023 Prelims Mock Test 7

SBI Clerk 2023 Prelims Mock Test 7

  • 60 Minutes
  • 100 Questions
  • 100 Marks
SBI Clerk 2023 Prelims Mock Test 6

SBI Clerk 2023 Prelims Mock Test 6

  • 60 Minutes
  • 100 Questions
  • 100 Marks
SBI Clerk 2023 Prelims Mock Test 5

SBI Clerk 2023 Prelims Mock Test 5

  • 60 Minutes
  • 100 Questions
  • 100 Marks
SBI Clerk 2023 Prelims Mock Test 4

SBI Clerk 2023 Prelims Mock Test 4

  • 60 Minutes
  • 100 Questions
  • 100 Marks

SBI Clerk (Junior Associate) Prelims - Previous Year Question Paper

SBI Clerk Prelims Previous Year Paper (23-June 2018)

SBI Clerk Prelims Previous Year Paper (23-June 2018)

  • 60 Minutes
  • 100 Questions
  • 100 Marks
SBI Clerk Prelims 2022 Previous year paper (12 November 2022)

SBI Clerk Prelims 2022 Previous year paper (12 November 2022)

  • 60 Minutes
  • 100 Questions
  • 100 Marks
SBI Clerk Prelims 2021 Previous Year Paper

SBI Clerk Prelims 2021 Previous Year Paper

  • 60 Minutes
  • 100 Questions
  • 100 Marks
SBI Clerk 2023-24 Prelims Memory Based Paper

SBI Clerk 2023-24 Prelims Memory Based Paper

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  • 100 Questions
  • 100 Marks

FAQs

As an SBI Clerk, you 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 instructions of the Bank as may be issued from time to time.
Employees in regular positions who have completed the stipulated minimum years of service are entitled to avail themselves of loans and advances at reduced interest rates. These financial provisions can be utilized for a wide array of purposes, like housing investments, buying vehicles, funding education expenses, acquiring consumer goods, and procuring personal computers.
At the outset, as an SBI Clerk, your initial posting will be in a State Bank of India office within your chosen recruitment zone. However, note that the SBI Clerk position is transferable, subject to factors like administrative necessities, employee preferences, or organizational demands. This may entail transfers to various SBI branches or offices as deemed suitable by the organization.
The notification released for the SBI Clerk position does not stipulate any specific bond period, indicating that candidates who are chosen for this role are not required to adhere to a predetermined duration of service as part of their employment terms.
Yes, the newly appointed SBI Clerk will be on probation for a minimum period of 6 months from the date of joining.
The total starting emoluments of a Clerical Cadre employee payable at Metro like Mumbai will be around Rs.37,000/- per month inclusive of D.A., other allowances at the current rate, and two additional increments for newly recruited graduate junior associates. Allowances may vary depending upon the place of posting.

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