Unlocking the Vault: The Ultimate Guide to SBI Clerk Salary – Breakdown, Perks, and Hidden Benefits Exposed!

Every year lakhs of aspirants apply for SBI Clerk exam. And why not? Working for the largest bank of India is definitely a very exciting opportunity. SBI Clerk recruitment process involves 2 stages: Prelims and Mains exams. Aspirants who are serious about this exam should check SBI Clerk salary and job profile before applying. Pay scale of SBI Clerk is 17900- 1000/3- 20900- 1230/3- 24590- 1490/4- 30550- 1730/7- 42600- 3270/1- 45930- 1990/1- 47920. Have a look at other miscellaneous details below:

• Salary of SBI Clerk is 19,900 (17,900 plus 2 advance increments which are admissible for graduates)
• Aspirants who clear SBI Clerk will also get a number of SBI Clerk perks and benefits.
• Those who are finally selected for SBI Clerk will receive increments on a timely basis.
• Probation period of SBI Clerk is 6 months which means selected candidates will be on a probation period of 6 months.

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We are providing the salary, pay scale and job profile of SBI Clerk in detail below. Have a look:

Get details about SBI Clerk Salary in hand, job profile, training period, probation, perks and benefits etc. in this article. Start solving SBI Clerk mock tests to start your exam preparation and clear the exam in the first attempt.

SBI Clerk Salary 2023

Apart from the various increments, the basic salary of an SBI Clerk in India is Rs 19,900 (17,900 with 2 advance increments admissible to graduates). Multiple components are added to an SBI Clerk’s salary. We are providing you with the exact details of SBI Clerk salary below:

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SBI Clerk Pay Scale 2023

The components of SBI Clerk salary are generally variable and it will depend on the place where a person is posted. As is obvious, a person residing in an urban area/ metropolitan city will get more benefits (in terms of money & facilities) when compared to a person residing in a rural area.

As already mentioned, the basic pay of an SBI Clerk is Rs 19,900 (17,900 plus 2 advance increments admissible to graduates). The maximum basic salary of an SBI Clerk can be Rs 47,920. We are providing you with the below details of SBI Clerk which is mentioned in the official notification as well.

SBI Clerk Salary In-hand Salary 2023

SBI Clerk also known as SBI Junior Associate gets an approximate salary of Rs 29,000 in hand (including DA). This also depends on the location where you are posted. We can say that the in-hand salary of an SBI Clerk usually ranges from Rs 26,000 – 29,000. If we add all the miscellaneous allowances an SBI Clerk gets to his basic pay, we will get a rough figure of Rs 29,000 which will be his gross monthly salary.

SBI Clerk Salary Slip 2023

Like all other organizations, SBI issues salary slip to its employees. These pay slips are very important from the point of view of filing income tax returns, loan approval, switching employment etc. So employees should keep their SBI Clerk salary slip carefully.

SBI Clerk Probation Period 2023

Selected candidates will have to go through a probationary period of 6 months. In this probation period, the new joinees will go through several e-learning modules as mandated by the regulatory body. In an exceptional case of an employee’s performance not being satisfactory, his/ her probationary period might get an extension. All SBI clerks performance will be evaluated before their probationary period gets completed.

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SBI Clerk Salary Perks and Allowances 2023

SBI Clerk gets a lot of benefits and allowances. Let’s have a look at its list.

1. Dearness Allowances 
2. Medical Insurance 
3. House Rent Allowances 
4. Transport 
5. City Allowances 
6. Furniture costs 
7. Primary necessities: Cleansing issues, petrol, newspaper etc. 

After clearing SBI Clerk recruitment process, an SBI Clerk gets to avail the below perks:

• Stability
• Financial Security
• Pension under New Pension Scheme(NPS)
• Medical Insurance
• Provident Fund

Please note that allowances vary from place to place. SBI employees are provided with provident fund, pension under New Pension Scheme, Medical, Leave Fare and other facilities.

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SBI Clerk Salary Yearly Increment 

Increments play a very important role in boosting the motivation of existing employees. Motivated employees go the extra mile and generally perform better in their jobs. SBI Clerk expect the below-mentioned increments.

So, to summarize, the basic pay of an SBI Clerk is Rs. 17,900 with two advance increments for graduates. The pay scale is Rs.17900- 1000/3- 20900- 1230/3- 24590- 1490/4- 30550- 1730/7- 42600- 3270/1- 45930- 1990/1- 47920. The in-hand salary ranges from Rs. 26,000 to Rs. 29,000 depending on the place of posting. The salary also includes various allowances and benefits such as dearness allowance, house accommodation, transport allowance, special allowance, etc. We hope this information helped you in getting a bird’s eye view of SBI Clerk Salary.

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