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SBI Clerk Salary 2023: SBI Clerk Salary ranges between INR 26,000 and 29,000 as per the location of posting. The salary of a SBI Clerk is better compared to the same post in other banking sectors. The basic pay of an entrant on the post-SBI Clerk (Junior Associate) is INR 19,900 (INR 17,900 with two advance increments admissible to graduates). They also get various perks and benefits. The pay scale SBI Clerk initially is INR 17900-1000/3-20900-1230/3-24590-1490/4-30550- 1730/7-42600-3270/1-45930-1990/1-47920. They also get increments in their salary from time to time. There is a 6-month probation period after joining after which the candidates get permanently recruited. Read on to find more details.
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SBI Clerk In-hand Salary 2023
The In-Hand Salary of SBI Clerk will include the approximate amount a candidate gets after the deductions. The starting salary of SBI Clerk is between the range of Rs 26000 to 29000/-. The initial salary package of an SBI Clerk in a Metro city like Mumbai has been revised to Rs 29000/- per month including:
- Dearness Allowance (D.A)- Approx. INR 6,234/-
- House Accommodation- Approx. INR 2,901/-
- Transport Allowance- Approx. INR 600/-
- Special Allowance- Approx. INR 3,263/-
SBI Clerk Salary 2023
1: What does the acronym "ATM" stand for in banking?
The revised initial salary package of an SBI Clerk is about Rs. 26,000/- to Rs. 29,000/- per month including the Dearness Allowance (DA). SBI Clerk Pay Scale is Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. SBI Clerk salary structure is as follows:
| Particulars | Amount (INR) |
|---|---|
| Basic Pay | INR 19,900/(Rs 17,900 + two advance increments given to graduates) |
| CCA | 0 |
| DA | INR 6,234 (26%) |
| Transport Allowance | INR 600/- |
| HRA | INR 2,091/- |
| Special Allowances | INR 3,263/- |
| Gross Salary | INR 32,088/- |
SBI Clerk Salary- Allowances
State Bank of India Clerk salary includes multiple allowances. These allowances include:
- Dearness Allowance
- House Rent Allowance
- Transport Allowance
- Special Allowance
- Furniture Allowance
- Newspaper Allowance
- Medical Allowance
- City Allowance
- Leave Travel Concession(LTC)
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List of salary allowances in SBI Clerk salary
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House Rent allowance |
Medical allowance |
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Transport allowance |
Newspaper allowance |
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Special allowance |
Furniture allowance |
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City allowance |
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Salary Slip
Candidates need to be aware of the specifics of the SBI clerk salary slip following the 11th bipartite settlement. So, we are providing you here a detailed explanation of the SBI Clerk salary slip for 2023 for your benefit. Basic pay and allowances make up the bulk of the SBI clerk’s salary in 2023. The gross salary is obtained by adding the basic pay to the SBI Clerk benefits and allowances. Check out the table given below for a better understanding of the SBI Clerk 2023 salary slip.
| Particulars of SBI Clerk Salary Slip 2023 | SBI Clerk Salary Slip 2023 – Amount (Approx.) |
| SBI Clerk Salary 2023 Basic Pay | Rs.19900/- (Rs.17900/- plus two advance increments admissible to graduates). |
| Dearness Allowance (DA) | Rs.6352 (26%) |
| Transport Allowance (TA) | Rs.600 |
| House Rent Allowance (HRA) | Rs.2091 |
| Special Allowance | Rs.3263 |
| Gross SBI Clerk Salary 2023 | Rs.32000 (Approximate) |
| Deductions | Rs.2800 |
| Net SBI Clerk Salary in hand 2023 | Rs.29200 (Approximate) |
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SBI Clerk 2023 Allowances
The additional perks and benefits are a bonus to the already appealing job profile salary package of SBI clerks. As per the instructions of the Bank, as may be issued from time to time, SBI employees will be eligible for reimbursement of various perquisites, provident fund, pension under the New Pension Scheme (Defined Contribution Benefit), medical leave-fare and other features. Some other perks of the SBI Clerks are job stability and financial security. The allowances that come with the handsome salary package of the SBI Clerk are listed below.
- City Allowance
- House Rent Allowance
- Furniture Allowance
- House Maintenance Allowance
- Reimbursement of phone and telephone bills
- Special Allowance
- Dearness Allowance
- Newspaper Allowance
- Furniture Allowance
- Transport Allowance
- Medical Allowance
- Magazine and Books Allowance
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SBI Clerk 2023 Promotions
A candidate will have to go through a six-month probationary period before they are made permanent employees. Junior Associates who have just been hired will need to finish the bank’s required e-lessons during their probationary period in order to be confirmed in the bank; otherwise, their probation will be extended until they do so. Additionally, the performance of recently hired employees will be assessed before the probationary period is up, and those applicants who fall short of the bank’s standards will need to retake the entire course. This is because SBI Clerk work is very important and requires careful execution. Once you complete the probation, a wonderful world of opportunities, career growths, salary increments and promotions are waiting for you.
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Working as an SBI Clerk is flexible and provides a lot of opportunities. You will have many opportunities to advance your position once you work as an SBI clerk. To be eligible for promotion to Officer, all applicants who wish to move from the position of Clerk to that of Officer must apply for the promotion test, show up for the exam and they also have to complete at least two years of service to be considered for promotion. There are three different types of promotions for SBI Clerks:
| No. | Type of Promotion | Description |
| 1 | In-Cadre Promotions for SBI Clerk | · In addition to the base salary, a special allowance of Rs 1800 is given. The assistant advances to Senior Assistant after serving for ten years. (This Allowance is not taken into account when determining the basic pay.)
· After twenty years of service, an assistant will be promoted to the higher job position named Special Assistant. There is a special allowance of Rs. 2500/- for this position (This Allowance is taken into account for the calculation of basic pay). · After thirty years of service, an assistant becomes a Senior Special Assistant. There is a special allowance of Rs. 3500/- for this position (This Allowance is taken into account for the calculation of basic pay). |
| 2 | Promotions of SBI Clerk to the position of Officer Cadre to Trainee officer | After passing a written exam and interview, a candidate who has served as a clerk for three years can advance to the position of trainee officer. For the first two years of their appointment as Trainee Officers, such clerks are kept on probation. The trainee officer will either be hired into the Middle Management Grade Scale-II (MMGS-II) cadre or demoted back to the clerical cadre depending on performance after the probationary period. |
| 3 | Direct promotion to JMGS-I | A clerk can become a Junior Manager Grade Scale (JMGS-I) officer after completing a written test and interview and a six years long service under a fast track promotion channel, or after completing a twelve years long service under a normal promotion channel. Age restrictions do apply to this promotion. |
SBI Clerk Previous Year Question Papers
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Previous Year Question Papers |
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All essential details coming under the topic of SBI Clerk Salary 2023: The salary structure, allowances and benefits are discussed in this article. Download the Entri app to help you prepare for and score high marks in the bank recruitment exams of 2023.
FAQs
Q1: What is the salary structure of SBI Clerk in 2023?
Ans: The basic salary of an SBI Clerk is INR 19,900 (INR 17,900 with two advance increments admissible to graduates). The basic salary of SBI Clerk will be between INR 26,000 – 29,000 as per their different locations. The salary structure is as follows:
Rs.17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.
Q2: What is the starting salary of SBI Clerk?
Ans: SBI Clerk’s starting salary is INR 19,900 (INR 17,900 with two advance increments admissible to graduates). Salary after increment will be increased such as in the first increment it is INR 20,900 and after the second increment it is INR 24,590/.
Q3: What is SBI Clerk salary after 5 years?
Ans: SBI Clerk’s salary after five years of his service period gets a hike and it becomes INR 24,590/ per month.
