SBI Clerk Salary Structure
Unbelievable rise in SBI Clerk Salary Structure!!! Govt Hike Starting Salary of SBI Clerks!!! Don’t you have believed? Then check out this article and know the Revised Pay Scale. Candidates don’t waste your time to join Clerk Post in State Bank of India because SBI offers impressive salaries to its newly joined clerks with other benefits. This salary gets increment with the period of your job and experience. To know the actual pay scale, go through this page completely.
The Pay Scale of Clerks may be varies according to the location of job. It can be higher for metropolitan cities and a little low for Class Y & Z cities. State Bank of India provides the maximum entry level remunerations in the banking industry. It also provides additional Allowances & Perks to its employees of Junior Associates (Clerks). To take a deep look of salaries and perks of SBI Clerk, check out this page of recruitmentresult.com.
SBI Clerk Salary Structure
State Bank of India provides a various job opportunity to those candidates, who want to get hold jobs in banking sector. Applicants, who are going to apply for upcoming SBI Recruitment to fill Clerk & other posts, may check SBI Clerk Salary Structure from here. Nowadays, bank jobs is most preferable job for young people and after selection, they will also get fair scopes of promotion. In the below section, we’re going to provide you updated details regarding Starting Salary In Hand and Revised Pay Scale, current Dearness allowance which is approx. 109.80% for clerk posts.
Check Now: Bank Salary Structure In India
Starting Salary In Hand
Here we’re going to provide you Salary structure details that will be updated as per new information.
|Clerk Salary in SBI at 109.8 % DA||Rs. 17500 (Gross)|
|Basic Salary in 7200 basic pay||8000/-|
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.
|Dearness Allowance at 109.8 %||8784|
|House Rent Allowance||10% that is 800|
|SBI Clerk Cash in hand Salary||Rs. 18000 – 21000|
Grab Today: 15000 Vacancies in Banking Sector
SBI Clerk Pay Scale:
- The basic pay of new employ will be of Rs. 7200/- (7200-400/3-8400-500/3-9900-600/4-12300-700/7-17200-1300/1-18500-800/1-19300).
- Yearly, they acquire Rs. 400 in their basic pay as a promotion, till 03 years and the basic pay becomes Rs. 8400.
- After 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/-.
Have a Look On This Useful Section
|SBI Clerk Question Paper||SBI Clerk Call Letter|
|SBI Clerk Recruitment||SBI Clerk Exam Books|
|How to Prepare For SBI Clerk Exam||SBI Clerk Syllabus|
|SBI Clerk Interview Experience||SBI Clerk Eligibility Criteria|
Location Wise SBI Clerk Salary:
As per the latest SBI Clerk Notification, the initial monthly salary of a Clerical Cadre employee assigned at an urban city like Mumbai is approximately Rs. 20,950/- including D.A. and other allowances. Allowances differ depending upon the location of working of the employee.
- In Class Y cities: Rs. 20,000/-
- In Class Z cities: Rs. 19,000/-
State Bank of India offers about Rs. 2000/- higher (due to additional allowances) for the clerical posts in contrast of the other banks.
Read Here: Jobs & Growth Options In Banking
State Bank Of India Clerk Salary and Perks
SBI is a public-sector multinational banking and financial services organization that was originated in the year 1956. It is the major of all public and private sector banks in India both in terms of assets and office network. SBI’s total assets as of December, 2013 were approximately 23280 billion INR. It has 16,000 branch offices, satellite centers, and POS (point of sale) out of which 190 branches were located overseas. It offers salaries and remunerations at least 14% more than the industry standards.
SBI Offers various allowance to its employees. These allowances vary according to the posts and location of job. These allowances are:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- Furniture Allowance
- House Maintenance Allowance
- Books & Magazine Allowance,
- Briefcase Allowance
- Reimbursement of Telephone Bills etc.
State Bank Of India pursues very strict hiring criterions can be measured from the fact it selected only 20,682 applicants out of 30 lakhs job seekers in last year. Fresh recruits apart from receiving high starting salaries are also entitled to generous incentives and perks including but not limited to paid vacations, paid medical leaves, cell phone allowance, city compensatory allowance, and so on. Salaries also receive a boost periodically as an employee gains working experience.
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