SBI Clerk Salary 2020: With the release of 8000 vacancies for SBI Clerk 2020 exam, aspirants look for SBI Clerk Salary, which is an important criteria for the candidates to choose such a job.
SBI Clerk Salary 2020 is discussed here in the article. The In-hand salary with the perks, allowances & role of the Junior Associate(Clerk) has been provided below. The information is as per the official notification.
SBI Clerk In-Hand Salary
The In-Hand Salary of SBI Clerk will include the approximate amount a candidate gets after the deductions. The Amount here is between the range of Rs 20000 to 22000/-. A factor that influences this amount is the location of posting, which is different in urban and rural locality.
SBI Clerk Salary Structure
The SBI Clerk Salary Structure is as follows:
11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110- 2120/1- 30230-1310/1-31450.
This means that the starting salary for a candidate will be Rs 11,765/- with a year-on-year increment of Rs 655/- with the Basic pay while the Maximum Basic Salary of an SBI Clerk- Rs 31,450/-.
SBI Clerk Allowances
The total salary takes into account the allowances, which are in a way beneficial for the employee(Clerk). These allowances include:
Dearness Allowance (The Dearness Allowance increases of quarterly basic and is depended on the Inflation rate of the Country if the inflation increase the DA goes up and vice versa)
House Rent Allowance
These allowances also have varied amount depending upon the location of posting.
SBI Clerk Perks
Like a normal bank job, the SBI Clerk Salary includes the perks such as stability, financial security, medical insurance, provident fund. Moreover, the fact that the employee gets to work with the central bank(government) is itself a good opportunity.
Another important benefit includes a provident fund, Pension, Medical Leave and Leave fare. Besides, the promotions provided also add credit to the profile.
SBI Clerk Promotion
An SBI Clerk is eligible to get promotion through two modes:
1. In-cadre Promotion
2. Promotion to Officer cadre
This type of promotion is based on home postings, that is a time-bound promotion:
i) A special allowance of Rs 1800 is provided along with the total salary. After 10 years of service, the assistant becomes a Senior Assistant. (This Allowance is not considered for calculation of basic pay).
ii) An assistant will become the Special Assistant after twenty years of service. This post carries a special allowance of Rs 2500/- (This is considered for calculation of basic pay).
iii) An assistant will become Senior Special Assistant after thirty years of service. This post carries a special allowance of Rs 3500/- (This is considered for calculation of basic pay).
Promotion to Officer Cadre:
i) An assistant becomes Trainee Officer after completing three years of his/ her service.
This requires qualification of the JAIIB and CAIIB Examinations from the Indian Institute of Banking and Finance (IIBF) apart from clearing the internal written examination and personal interview.
These officers are then put on probation for a period of two years. After the probation period and based on their personal interview, they are either absorbed in the Middle Management Grade (Scale – II) or sent back to Clerical Cadre.
An assistant can become Scale – I Officer also in the Junior Management Grade when he/ she has completed six years of service in fast track channel or twelve years of service in normal track channel. For faster promotions, JAIIB and CAIIB qualification is also important and should also clear the written test along with the personal interview.