State Bank of India offers a stable and respected career with a lucrative salary package. Aspirants preparing for the SBI Clerk 2024 Recruitment can expect a competitive in-hand salary, a stable job profile, and numerous perks and allowances. The SBI Clerk Salary 2024 is a key aspect of the job, providing a comprehensive understanding of the monthly earnings and benefits that come with this role. This article provides a detailed breakdown of the SBI Junior Associate Salary 2024, helping candidates make informed decisions.
SBI Clerk Salary 2024 Overview
The SBI Clerk salary is the amount they receive after various deductions, including provident fund, professional tax, and National Pension Scheme. This amount can differ from person to person due to individual deductions and allowances. Additionally, the salary of an SBI Clerk can vary depending on the location of the Junior Associate Salary Structure and In-Hand Salary.
| Organisation | State Bank of India |
| Post Name | SBI Clerk, Junior Associate, Single Window Operator |
| SBI Clerk Pay Scale 2024 | Rs.24050-1340/3-28070-1650/3-33020-2000/4-41020-2340/7-57400-4400/1-61800-2680/1-64480 (20 Years) |
| Allowances | DA (Dearness Allowance) HRA (Housing Rental Allowance) CCA (Compensatory City Allowance) |
| Official Website | sbi.co.in |
SBI Junior Associate Salary Slip & Perks
The estimated monthly in-hand salary for an SBI Clerk is around Rs. 41,000, taking into account the current dearness allowance and other allowances, along with two additional increments for newly appointed junior associates.
The pay scale for SBI Clerks in 2024 is as follows:
- The basic pay starts at Rs. 24,050
- It increases by Rs. 1,340 for the first three years, reaching Rs. 28,070
- Then, it increases by Rs. 1,650 for the next three years, reaching Rs. 33,020
- After that, it increases by Rs. 2,000 for the next four years, reaching Rs. 41,020
- Next, it increases by Rs. 2,340 for the next seven years, reaching Rs. 57,400
- Then, it increases by Rs. 4,400 for the next year, reaching Rs. 61,800
- Finally, it increases by Rs. 2,680 for the last year, reaching the maximum salary of Rs. 64,480 after 20 years of service.
SBI Clerk Allowances & Deductions
Here, in the section below you can know about the allowances and SBI Clerk deductions.
Allowances
Dearness Allowance (DA)
The Dearness Allowance is a cost-of-living adjustment allowance that helps employees cope with inflation. It is calculated as a percentage of the basic pay and is revised quarterly, linked to the Consumer Price Index (CPI). The current Dearness Allowance (DA) for SBI Clerk 2024 is around 17.20% to 46.5% of the basic pay, with the exact amount varying between Rs. 6,168 and Rs. 9,253.50.
House Rent Allowance (HRA)
The House Rent Allowance is a tax-free allowance provided to employees to help them meet their housing expenses. The HRA amount varies based on the location of the employee’s posting.
Transport Allowance
The Transport Allowance is a reimbursement for the expenses incurred by employees for commuting to and from work.Â
City Allowance
The City Allowance is a reimbursement for the expenses incurred by employees for living in a particular city.Â
Medical Allowance
The Medical Allowance is a reimbursement for the medical expenses incurred by employees and their families. The amount varies based on the type of medical treatment and the location of the employee’s posting.
Newspaper Allowance
The Newspaper Allowance is a reimbursement for the expenses incurred by employees for subscribing to newspapers and magazines.
Deductions
As an SBI Clerk, various deductions are made from the salary, including a Provident Fund (PF) contribution, which is 10% of the basic pay. Other deductions include professional tax, income tax, and national pension scheme (NPS) contributions. Additionally, deductions are made for Group Insurance, Medical Insurance, and other benefits.
| SBI Clerk Salary Deduction 2024 | |
| Applicable Deductions | Amount |
| Professional Tax | Rs. 200.00 |
| Ptax Deduction Carry Forward | Rs. 200.00 |
| NPS | Rs. 3,273.00 |
| Total | Rs. 3,673.00 |
State Bank of India Clerk In Hand Salary
The in-hand salary of an SBI Clerk varies based on the location of the posting and other factors. On average, the in-hand salary of an SBI Clerk ranges from Rs. 38,000 to Rs. 41,000 per month. After deductions, the take-home salary is around Rs. 35,000 to Rs. 29,000 per month.
| SBI Clerk Salary Structure 2024 | |
| Particular | Amount in Rs |
| Basic Pay (including 2 annual increments) | Rs. 26,730.00 |
| Dearness Allowances (17.20%) | Rs. 6,168.51 |
| House Rent Allowances | Rs. 2862.83 |
| Transport Allowance | Rs. 850.00 |
| Special Allowance | Rs. 7,083.45 |
| Special Pay New | Rs. 1200.00 |
| Gross Pay | Rs. 44,894.79 |
| Deductions | Rs. 3,673.00 |
| Net Pay | Rs. 41,221.79 |
SBI Junior Clerk Job Profile & Career Growth
As a Junior Clerk in the State Bank of India, the job profile involves a range of responsibilities, including:
- Handling customer transactions, such as cash deposits and withdrawals
- Managing account opening and closing processes
- Providing customer service and resolving queries
- Maintaining records and accounts
- Assisting in loan processing and documentation
- Performing data entry and other administrative tasks
- Working on cash counters and handling cash transactions
- Maintaining confidentiality and adhering to bank’s policies and procedures.
Career Growth
SBI Clerks are eligible for promotion after 3 years of service through a departmental exam. Upon clearing the exam, they can move up the hierarchy. The promotion hierarchy is as follows:
- Junior Associate to Senior Associate
- Senior Associate to Special Assistant
- Special Assistant to Deputy Manager
- Deputy Manager to Manager
- Manager to Senior Manager
- Senior Manager to Chief Manager
