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.
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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.