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written by | July 1, 2022

SBI Clerk Salary: Pay Scale, Job Profile, & Perks in 2022

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This blog covers details about the Junior Associate or Clerk working in the State Bank of India (SBI). It includes the salary breakdown, pay scale with promotions, roles and responsibilities, and the perks and benefits offered by SBI. To get promotions within SBI faster, an employee should consider examinations like CAIIB and JAIIB organised by the Indian Institute of Banking and Finance (IIBF). If you want to pursue a clerical job with SBI, make sure you give this blog a thorough read.

Did you know? 

A newly appointed Clerk or Junior Associate in the State Bank of India (SBI) will receive a starting salary of ₹ 19,900.

SBI Clerk Salary 2022

The basic salary of an SBI Clerk or a Junior Associate when they join the bank is about ₹19,900, which is equivalent to ₹17,900 plus two advance salary hikes. The hired employees get a competitive SBI Clerk Salary and various other perks and benefits. According to the 7th Pay Commission, the SBI Bank Clerk Salary has been updated to 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.

To be appointed as a Junior Associate or a Clerk in SBI, you need to pass the SBI Clerk examination. After being hired as an SBI clerk, you will have a probationary period of 6 months. The SBI clerk's salary would hike by ₹3,000 - ₹4,000 posts the eleventh bipartite settlement. The SBI clerk's salary is almost equivalent to the average Indian salary.

Also Read: How to Negotiate Salary With Hr Explained in Simple Steps | Khatabook

SBI Clerk in Hand Salary

The candidates who successfully pass the SBI Clerk Examination are appointed as SBI Junior Associates. The SBI Clerk starting salary ranges from ₹26,000 - ₹29,000. The associate’s salary undergoes fixed annual hikes, and after the sixth hike, the SBI Clerk's in-hand salary is about ₹60,000. The SBI Bank Clerk's salary also depends on the place of posting. Continue to read to learn about the SBI Clerk Salary and SBI Clerk Job Profile.

SBI Clerk Pay Scale

According to the 7th Pay Commission, the SBI Clerk Pay Scale is:

  • The SBI Clerk starting salary is ₹17,900 with an annual hike of ₹1,000 given for the three initial years.
  • After the initial three years, the SBI Bank Clerk's salary will become ₹20,900. Post which, the annual hike will be increased to ₹1,230 for the next three years.
  • After six years of joining, the SBI clerk's salary will become ₹24,950. Then, the annual hike will be increased to ₹1,490 for the next four years.
  • After ten years of joining, the SBI clerk's salary will become ₹30,550. Then, the annual hike will be increased to ₹1,730 for the next seven years.
  • After seventeen years of joining, the SBI clerk's salary will become ₹42,660. Then, the annual hike will be increased to ₹3,270 for one year.
  • After eighteen years of joining, the SBI clerk's salary will become ₹45,930. Then, the annual hike will be increased to ₹1,990 for one year.
  • After nineteen years of joining, the SBI clerk's salary will become ₹47,920. This is the maximum amount that can be paid to an SBI Clerk. These details are also tabulated below.

Years after Joining

Position Description

Salary

Annual Hike

Number of years

0

SBI Clerk / SBI Junior Associate

₹ 17,900

₹ 1,000

3

3

SBI Clerk / SBI Junior Associate

₹ 20,900

₹ 1,230

3

6

SBI Clerk / SBI Junior Associate

₹ 24,950

₹ 1,490

4

10

SBI Clerk / SBI Junior Associate

₹ 30,550

₹ 1,730

7

17

SBI Clerk / SBI Junior Associate

₹ 42,660

₹ 3,270

1

18

SBI Clerk / SBI Junior Associate

₹ 45,930

₹ 1,990

1

19

SBI Clerk / SBI Junior Associate

₹ 47,920

-

Until retirement

SBI Clerk Allowances

SBI offers its employees various kinds of concessions for the employees. Read the following points to understand the allowances offered by SBI:

  • House Rent Allowance: This depends on the place of posting of the employee. The HRA is higher if the place of posting is a metropolitan city like Mumbai, while the HRA is comparatively lower if the place of posting is a rural village.
  • Dearness Allowance: This depends on the Consumer Price Index (CPI) and is updated quarterly.
  • Other Allowances: SBI offers other allowances to its employees, such as telephone bill reimbursements, furniture allowance, newspaper allowance, etc. 

After adding up all the allowances, the SBI Clerk starting salary in a metropolitan city comes up to around ₹ 29,000.

Also Read: Gross Salary Vs Net Salary - Important Differences Between Gross and Net Salary

SBI Clerk Perks

Apart from salary, SBI offers various perks to its employees. Some of them are listed below: 

  • Financial security,
  • Stability,
  • Flexibility in working hours,
  • Pension plan,
  • Good work environment,
  • House Rent Allowance,
  • Dearness Allowance,
  • Furniture Allowance,
  • Travel Allowance,
  • City Allowance,
  • Medical insurance,
  • Provident Fund (PF), etc.

SBI Clerk Salary After 7th Pay Commission

Many candidates have a query regarding the SBI clerk salary after working for 5 years with SBI. The SBI clerk's salary after the 7th Pay Commission hikes to about ₹30,000 after working for 5 years for SBI. The SBI clerk will also get a promotion to the position of Trainee Officer.

SBI Clerk Probationary Period

When a candidate joins the SBI Bank as a new recruit for the position of a Clerk, they are on a probationary period of 6 months. Also, the new recruits have to complete some online lessons as advised by the banking authority during their probationary period.

SBI Clerk Job Profile

A Junior Associate of an SBI Bank is hired as a Single Window Operator (SWO), where they are tasked to participate in the bank’s daily activities. Some of the essential job responsibilities of a junior associate of SBI Bank are listed below:

  • Handling cash counters
  • Deal with bank customers and addressing their concerns.
  • In charge of opening the bank accounts, completing transactions (RTGS/NEFT), delivering Demand Drafts (DDs), handling requests related to cheque books, transferring money through various modes of payment, etc.
  • Helping in documentation (for first-time customers)
  • Helping Bank Managers 

Also Read: How to Calculate a Salary Pay Raise? | Formula, Steps & Factors

SBI Clerk Career Growth

SBI offers huge growth opportunities to its Junior Associates which are comparatively better than a lot of other clerical positions in similar governmental banks. An SBI Junior Associate or SBI Clerk can be promoted to the position of General Manager. An SBI Bank Clerk or Junior Associate can receive promotions via two main modes:

  • Promotion to Officer Cadre
  • In-cadre promotion

SBI Clerk Promotion to Officer Cadre

  • After working for 3 years with the bank, an associate gets promoted to the position of a Trainee Officer.
  • To be considered for this promotion, a candidate must pass the CAIIB and JAIIB examinations organised by the IIBF. Also, the candidate needs to ace the internal test and a personal interview.
  • When a candidate joins as a new Trainee Officer, they are on a probationary period of 2 years. Post which, the candidate undergoes another personal interview. The candidates who ace this personal interview are promoted to the Middle Management Grade (Scale II), while the others who did pass the interview are retained in the Clerical Positions.
  • After working for 6 years in the fast track or 12 years in the normal track, an associate has the possibility to be promoted as a Scale I officer in the Junior Management Grade. The candidate shall pass the CAIIB and JAIIB examinations organised by the IIBF to get promoted faster. Also, the candidate needs to ace the internal test and a personal interview.

SBI Clerk In-Cadre Promotion

The SBI Clerk In-cadre promotion is a time-bound promotion which is based on home postings:

  • The employee, along with their gross salary, receives a special monthly allowance of ₹1,800. After working for ten years in this position, the assistant gets promoted to the position of Senior Assistant. (Please note that this special pay is added to the basic salary).
  • After working for twenty years in the position, the assistant gets promoted to the position of Special Assistant. The Special Assistant receives a special monthly allowance of ₹2,500. (This special allowance is reviewed for the calculation of basic salary)
  • After working for thirty years in the position, the assistant gets promoted to the position of Senior Special Assistant. The Special Assistant receives a special monthly allowance of ₹3,500. (This special allowance is included in the basic salary)

Also Read: How to Save Money from Salary Every Month? Read Now!

Conclusion:

According to the 7th Pay Commission (most recent Salary revision in Jobs), the State Bank of India (SBI) Clerk Salary has been revised to 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920. An SBI bank clerk enjoys a lot of other perks and benefits along with the competitive salary like allowances, pension, provident fund, etc. An SBI Bank Clerk is a well-paid job as compared to clerical jobs in other government banks. 

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FAQs

Q: What is the maximum SBI clerk’s in-hand salary?

Ans:

The maximum SBI clerk’s in-hand salary is ₹47,920, which is earned after 19 years of service as a clerk in SBI.

Q: What are the two modes of promotion for an SBI clerk?

Ans:

An SBI Bank Clerk can receive promotions via two main modes, namely Promotion to Officer Cadre and In-cadre promotion.

Q: What is the revised SBI Clerk Salary after the 7th Pay Commission?

Ans:

According to the 7th Pay Commission, the SBI clerk's salary has been updated to 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.

Q: What is the SBI Clerk's Salary in hand?

Ans:

SBI Clerk salary in hand ranges from ₹20,000 to ₹25,000 while joining SBI

Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.