SBI Clerk Salary: The candidates preparing for recruitment in State Bank of India for the post of Clerk rate are always eager to know about the salaries. Usually, the State Bank of India follows a fixed remuneration for all the clerks.
The only difference in the salary a candidate can get depends upon the protocol and condition of the recruitment. The candidates can check the revised pay scale in the subsequent article.
Here, we have provided intricate information on the pay scale of the State Bank of India Clerk. Check all the information, such as Revised Pay Scale, In Hand Salary, Perks and Allowances, in the following article.
SBI Clerk Salary
Earlier, the pay scale for the State Bank of India Clerk differed depending upon the applicable pay scale rules. The authorities have recently upgraded the salary amounts and made changes. Such prospects who have already applied for the recruitment or are aspiring to be Clerks in SBI can check the salary structure in advance and choose to apply accordingly. The authorities hand in the salary to the recruits per the deductions and tax applicability.
The candidates receive the in-hand amount applicable after various cuts and allowance additions to the salary.
SBI Clerk Salary Structure
The salary at the State Bank of India includes various kinds of Allowances such as Dearness Allowance DA, House Rent Allowance HRA, Transport Allowance TA, and Special Allowance included in the Basic Pay. This combined to make up the entire salary, which is the final result. As per the papers and economic departments, the total salary of the candidate is the amount which is the result of all the allowances. The following is the salary structure for SBI Clerks.
|S.No.||Allowance and Pay||Details|
|1.||Basic Pay||Rs. 19,900|
|2.||Dearness Allowance DA||Rs. 6,352 (26% of the basic pay)|
|3.||Transport Allowance TA||Rs. 600|
|4.||House Rent Allowance HRA||Rs. 2,091|
|5.||Special Allowance||Rs. 3,263|
Pay Scale Increments for State Bank of India Clerk
The candidates who will be recruited as Clerks in State Bank of India will be receiving a particular amount of Increment. For employees, the salary changes incredibly post the five increments. The following data shall provide an idea about the pay scale increments. The subsequent data is written per the pay scale increments of a Junior Associate in the State Bank of India.
To be selected in the recruitment process, prepare with the help of the SBI Clerk Syllabus.
|S.No.||Increment Number||Salary Amount after Increment|
|1.||Salary at the time of Employee Appointment||Rs. 13,075|
|2.||1st Increment||Rs. 13,730|
|3.||2nd Increment||Rs. 16,175|
|4.||3rd Increment||Rs. 20,095|
|5.||4th Increment||Rs. 28,110|
|6.||5th Increment||Rs. 30,230|
|7.||6th Increment||Rs. 31,450|
Deductions in Remuneration of SBI Clerks
As per the criterion of the State Bank of India, the salary is reduced since there are compulsory deductions and tax cuts that are applicable to the salary of the candidates. The students are required to pay the following deductions before receiving their salary. The State Bank of India automatically deducts the following:
- Professional Tax
- Pension Fund
Revised Pay Scale for Clerks in State Bank of India
The pay scale has been revised for the Clerks at the State Bank of India. The authorities have made changes in the pay scale they offer to the clerks in the SBI. Previously, the bank offered Rs. 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110- 2120/1- 30230-1310/1-31450 pay to the candidate. The basic pay was nearly Rs. 11,765. There are recently fresh changes made in the pay scale of the State Bank of India Clerks.
Now, the revised pay scale is Rs. 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. The basic pay has been changed to Rs. 19,900. The candidates need to observe that the pay is Rs. 17,900 only but the two advance increments are added to the initial amount which makes it Rs. 19,900.
In-Hand Salary of SBI Clerks
The pay scale that is announced by the authorities is followed, and accordingly, the candidates receive CTC. However, it is not the exact amount that they receive. As mentioned earlier, there are deductions and tax cuts that are applicable that reduced the salary amount. Thus, the in-hand salary is always less than the announced pay scale.
The candidates must understand that they will receive the in-hand salary in their accounts as remuneration. Upong, being employed as a Clerk in the State Bank of India, receives a salary starting at Rs. 25,000/-. The initial pay can range up to Rs. 32,000/-. The exact amount depends upon the vacant post and the announced remuneration.
Perks and Allowances for State Bank of India Clerk
The following are the perks of being employed in the State Bank of India as a Clerk. It is important to observe that the extra allowances and perks are only provided as applicable to the post and recruitment policy. The perks and allowances can differ depending upon the provisions of the recruitment:
- Dearness Allowance (DA): DA depends upon the Consumer Price Index as fixed for the recruitment of Clerks in the State Bank of India.
- House Rent Allowance (HRA): HRA depends on the place of posting of the employee. In the case of metro cities, the HRA is more than in urban, semi-urban or rural areas where the candidate could be recruited.
- Special Allowance
- Transport Allowance
- Medical Allowance
- Newspaper Allowance
- Furniture Allowance
- Bag Allowance