SBI Clerk Salary 2021: SBI Clerk is one of the most sought-after banking occupations, with lakhs of applicants vying for the lucrative SBI Clerk Salary each year. The State Bank of India is well-known for offering its employees a variety of benefits in addition to a competitive wage package. So, this article goes on the salary structure, allowances. And other benefits of the position. Aspirants who aspire to work for a bank desire to know about the wage, work/job profile, and benefits that the SBI Clerk receives. The improved compensation for employees selected as Clerk in SBI has been announced in the SBI Clerk 2021 notice.
SBI Clerk Salary 2021 Structure
An SBI Clerk’s revised first salary package. Which includes the Dearness Allowance, ranges from Rs. 26,000 to Rs. 29,000 per month (DA). Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920 is the new SBI Clerk Pay Scale. In a metro city like Mumbai, the beginning compensation package of an SBI Clerk rose to Rs 29000/- per month. Which includes the Dearness Allowance (D.A) and other allowances.
In the SBI Clerk Notification 2021-22, the beginning basic salary for Clerk/Junior Associate has been raised to Rs 19,900 (Rs 17,900 with two advance increments available to graduates). Previously, the beginning base wage for graduates was Rs.13075/- (Rs11765/- + two advance increments). The salary scale for SBI Clerks shall be determined by the SBI Clerk Notification. The possibility of a yearly increase is also fixed. The following are the increments:
|SBI Clerk Salary in India- Basic Pay (updated)||
SBI CLERK Salary 2021 – IN HAND
According to the updated wage structure, a clerk or junior associate in SBI will be paid around Rs. 29,000/- (in-hand) including DA (for a metro city like Mumbai). As, the revised in-hand SBI Clerk Salary typically ranges between Rs. 26,000 and Rs. 29,000, depending on the location of the position.
SBI Clerk Salary: Perks & Allowances
Employees at SBI will be eligible for reimbursement of various perquisites, provident fund, pension under the New Pension Scheme (Defined Contribution Benefit), medical, leave-fare, and other benefits, as per the Bank’s instructions. After passing the SBI Clerk test, the clerk is entitled to the following benefits.
- Financial Security
- Pension under New Pension Scheme(NPS)
- Medical Insurance
- Provident Fund
SBI Clerk Allowances- SBI CLERK Salary 2021
Along with the basic salary, the list of other allowances includes the following:
- Dearness Allowance
- House Rent Allowance
- Transport Allowance
- Special Allowance
- City Allowance
- Medical Allowance
- Newspaper Allowance
- Furniture Allowance
SBI CLERK Salary 2021 -Promotion
In Clerical Cadre
Therefore, A clerical cadre applicant with ten years of service promotes the position of Senior Assistant. A special allowance of Rs.1800/- would pay for this position.
Then, A clerical cadre applicant with twenty years of service will promote to the position of Special Assistant. This position will be paid a specific payment of Rs.2500/-, which will be used to calculate Dearly Allowance (DA) and House Rental Allowance (HRA)
A clerical cadre applicant with thirty years of service will elevate to the position of Senior Special Assistant. This post will be eligible for a special allowance of Rs.3500/-, which will rank for Dearly Allowance (DA) and House Rental Allowance (HRA).
2. Promotions from Clerk to Officer in the SBI Officer-in-training
After passing a written test and an interview, a candidate who has worked as a clerk for three years can become a trainee officer. For the first two years after hire as a Trainee Officer, such clerks are put on probation. The trainee officer will either recruit into the Middle Management Grade Scale-II (MMGS-II) cadre or returned to the clerical cadre based on performance and after the probation period.
3. To JMGS-I directly
After, passing a written test and interview, a clerk can become a Junior Manager Grade Scale (JMGS-I) officer after six years of service via a fast track promotion route or twelve years of service under a standard promotion channel. So, there is an upper age limit for this offer.