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SBI Clerk Salary|SBI Clerk Salary 2018|Salary of a SBI Clerk:There are lots of advantages of working with India’s largest bank – SBI. One of the striking advantage of SBI is the best-in-class entry-level compensation package that SBI provides to its Junior Associate or Clerical Cadre Employees.It provides additional increment and allowance in its initial stage.Therefore, whatever other bank’s basic salaries are, whatever the basic pay, SBI offers more. Take a closer look at SBI Clerk’s salary, allowances and perks for junior associates.
As per the notification the salary structure of a SBI Clerk Junior Associate is:11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31450
According to the SBI clerk’s notice, the total salary of a clerical cadre employee paid in a metro like city like Mumbai is about Rs.23,600/-including different allowances.Allowances changes depending on the place of posting.
SBI Clerks will be eligible for provident fund, gratuity, new pension scheme, medical allowances and other benefits.
Some allowances that the SBI provides to the clerical cadre or Junior Associate:
House Rental Allowance (HRA): This allowance depends on the place of the posting. Employees posted in metro like Mumbai, Delhi etc get better HRA than posted in other cities.
Dearness Allowance(DA): This allowance is revised on a quarterly basis in February, May, August and November. It is based on the Consumer Price Index (CPI) as declared by the Indian government. When inflation decreases, DA goes down and when inflation increases then goes up.
Special Allowance: SBI also pay special allowance.It is calculated on DA.Usually Special Allowance is calculated as 7.75% on DA.
According to SBI’s promotion policy, candidates will be promoted to higher positions according to their performance even after working for 3 years through internal examination. Clerk can be promoted to the position of the probationary officer / assistant manager. After starting career as a Junior Associate in the State Bank of India, the candidate can also appear for cooperative exams.
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