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SBI Clerk Salary 2020
The important criterion for the candidates to choose such a job is Salary.INCREMENT in SBI Clerk Salary 2020…..! Candidates who have decided to apply for State Bank Of India Clerk Post, first they should know SBI Clerical Cadre Salaries. As we all know the SBI is the Prime and the largest bank of India and a fortune 500 company just because of its best services.
This reputed Bank has total 14,000 branches, with 191 foreign offices spread across 36 countries, making it the leading banking as well as financial services company in India by assets. This reflects that being the part of such as reputed institution is a pride thing for every Indian citizen. Now, it comes to State Bank of India Pay Scale In-Hand, After 7th CPC, Perks & Allowances which is also very impressive and satisfied for all positions under SBI as it provides the maximum entry level remunerations in the banking industry.
So, let’s check out complete details regarding SBI Clerk Salary 2020 along with the revised salary structure, allowances and perks. Basically, the salary structure of State Bank of India is varies from positions to another positions and also from cities to towns as per the instructions of the Bank changes from time to time.Have a glance on below given page of jobsfocal.com to get complete details regarding SBI Clerk Salary 2020 (In-Hand).
SBI Clerk Salary 2020
For the post of Clerk Junior Associate, Bank offers good amount of salary structure as Rs 11765-655/ 3-13730-815/ 3-16175-980/ 4-20095-1145/7-28110-2120/ 1-30230-1310/1-31450 along with the various perquisites and allowances as given in below section. Now, Let us calculate SBI Clerk Salary of Graduates, which is as shown below in tabular format and it increases as DA gets revision every 6 month and the above calculation is based on current dearness allowance.
| Facilities | SBI Clerk Pay Scale 2020 |
| SBI Clerk Basic Pay | Rs.11,765/- |
| DA | Rs.5311.58/- |
| CCA | Rs. 0/- |
| Transport Allowance | Rs.425/- |
| Total (without HRA) | Rs.18413.37/- |
| HRA | Rs.1176.5/- |
| Gross with HRA | Rs.19589.87/- |
Check Now: SBI Clerk Notification
SBI Clerk Perks and Allowance:
- Medical Cover
- Petrol Allowance
- Vehicle Allowance
- Housing Allowance
- Travel Allowance
- Furniture Allowance
- Two Year Sabbatical (Leave) for female clerks as maternity leave or children’s education
- Briefcase Allowance
- Entertainment Allowance: TV & Cable
Check Now: List of Best SBI Clerk Preparation Books
SBI Clerk Salary: Other Benefits
- Stability,
- Financial security,
- Flexible working hours,
- Good work environment,
- Pension under New Pension Scheme (NPS),
- Medical insurance,
- Provident Fund, and more.
SBI Clerk Salary Increment:
| Facilities | SBI Bank Clerk Salary 2020 |
| Basic Pay Scale | Rs. 11,765/- |
| Annual Increment | Rs. 655/- |
| After 3 years | Increase to Rs. 13,730/- |
| After another 3 years | Rs. 16,715 / |
| After another 4 years | Rs. 20,095/ |
| After another 7 years | Rs. 28,110/- |
| Maximum salary | Rs. 31,450/- |
Get Detailed: SBI Clerk Syllabus
Allowances Offered to SBI Clerk
State bank of India grants various perquisites, Provident Fund, Gratuity, Pension under New Pension Scheme (Defined Contribution Benefit Scheme), Medical, Leave fare and other facilities to employees appointed against Clerk posts. So let’ talk about the allowances that the SBI bestows on its Junior Associates in clerical cadre are:
Dearness Allowance (DA):
DA is revised quarterly that is in the months of February, May, August, and November which is basically based on CPI that is Consumer Price Index as declared by the banks i.e. DA can go up with higher CPI and vice versa as its ratio is totally depend upon inflation rate as when it goes upward, the ratio of DA also goes upward, however, when inflation falls down then Dearness Allowance (DA) goes downward.
Check Now: SBI Clerk Exam Pattern
House Rent Allowance (HRA):
Another wonderful allowance is HRA that is House Rent Allowance that completely varies according to Clerk’s place of posting which is distributed as 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations. The distributions of HRA in big cities are better as compared to those posted in other cities.
Special Pay:
Well, SBI bank pays Rs. 490/- p.m. to Junior Agricultural Associates as additional amount called Special Pay, which is reckoned for DA, HRA and superannuation benefits.
Medical Allowance:
This allowance is paid annually. For clerk position, it is fixed as for self is 100% while on the hand, for the family is 75% it means that 100% of your medical bills will be reimbursed by the bank for you and 75% for your family members, subject to the bank norms.
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