In this post I am going to tell you about SBI Clerk Salary, perks, allowances and pay scale. Many of my visitors often ask me question What is the SBI Clerk Salary or emoluments of a newly recruited clerk in SBI?
So for the benfit of my visitors I am explaining in details about the salary of a SBI Clerk.
SBI which is the biggest bank of the country offers very attractive salary to a Clerk. Apart from attractive salary SBI also offers a very good career, growth opportunities and job security to its employees.
You must know that the salary of clerks in all the public sector banks are almost similar however in SBI the value of perks and allowances is higher.
Those who got selection as a Bank Clerk in SBI will get attractive salary as well as perks and allowances. In SBI starting basic salary for clerks will be Rs. 11765.00, there is also dearness allowance which is currently about 40% of the basic salary. Apart from the basic salary and dearness allowances a Clerk will also get HRA, Petrol Allowance, Newspaper Allowance, Special Pay, and other perks as applicable.
A clerk is also entitled for officiating allowance when they work in the higher capacity. Other important benefits which are applicable to SBI Clerk are Medical facility, LTC and HTC facility, contributory PF benefit, concessional loans of various types and many other benefits.
SBI Clerk Salary and Perks
The revision of the bank employees has taken place in May 2015 (wef November 2012) and the next revision will be due from November 2017.
Pay Scale of SBI Clerk
Rs. 11765 – (655×3) – 13730 – (815×3) – 16175 – (980×4) – 20095 – (1145×7) – 28110 – (2120×1) – 30230 – (1310×1) – 31540
For those who are not aware about the pay scale concept we would like to tell that the figures in the brackets indicate the annual increment and the number of stages for which the same is applicable. The initial basic salary will be Rs. 11765.00
Dearness Allowance (DA): Apart from salary a Bank Clerk also gets Dearness Allowance or DA. Dearness Allowance is calculated based on the inflation index and is being revised every quarter. Currently Dearness allowance is around 40%. It means that on the basic salary you will also get DA of 40%.
Special Allowance: Spcial allowance has been added from the latest wage revision. For bank clerk the special allowance has been fixed at 7.75% on which dearness allowance is also payble.
HRA: HRA varies as per the place of posting and it can be either 10% or 9% or 7.5% depending on the place of posting.
SBI Clerk is also entitled for a few more perks. The rate of these perks vary from bank to bank but here we are taking about SBI only and the lump sum Rupee value of all such perks is around Rs. 2000 to Rs. 2500.
So now we can make out that how much salary a SBI Clerk will get. The salary of a Clerk also depends on the place of posting viz. rural, semi urban, urban and metro. Starting salary will vary as per the place of posting. Those who can complete CAIIB will be entitled for two additional increments. Starting salary of a Bank Clerk may appear quite low however with the time it increases quite faster as dearness allowance keep on increasing and also the amount of increment is quite good.
So now after reading the entire article we can now easily answer the following question.
What is the SBI Clerk Salary or emoluments of a newly recruited clerk in SBI?
Based on the above details now you can make out what is the salary, perks and allowances of a newly recruitmed SBI Clerk. Although the salary vary from centre to centre but basic salary and DA will remain the same. The total gross approximate value of SBI Clerk Salary and perks is around Rs. 21000.
If you have any query you can ask me and I will surely respond.