SBI Clerk 2019: Salary, Allowances, and Career Info

SBI Clerk Examination is to be held in the month of June this year will be organized for recruitment of many posts. SBI Clerk Job offers you decent payroll with better track promotion and social respect than any other organization in the banking sector. Here we will discuss about Salary, Allowances and Career Growth of SBI Clerk.

SBI Clerk Salary

According to the SBI Clerk Official Notification 2019, Junior Associates (official designation of clerk in SBI) 11765-655 / 3-13730-815 / 3-16175-980 / 4-20095-1145 / 7-28110-2120 / 1- Pay scale will be provided on scale of 30230-1310 / 1-31540 i.e. Total pay, including all allowances, at a total present rate in any metro city, will be Rs . 23600 / - per month . However, after the 10th bilateral agreement expires in May 2015, the 11th bilateral agreement for new pay scales, other components of salary and new service conditions of bank employees is to come into effect from 1 November 2017.

The total wage of SBI Clerk can be divided into various components:

Dearness Allowance

House Rent Allowance

Other allowances we can divide by:

Leave fair subsidy

medical facilities

Rights holidays encashment or redemption facility (Encashment Of Privilege Leave )

Conveyance Allowance (Conveyance Allowance )

Convenience of housing loans, car loans etc. at concessional rates

Personal loans at concessional rates for consumables (Loans For Personal Consumables At Concessional Rates )

Here we are providing detailed explanation about the allowances available to SBI Clerk:

Dearness Allowance

In addition to the startup basic salary, you get a percentage of basic salary as dearness allowance i.e. you will get approximately Rs. 11,765 as dearness allowance. DA namely DA, published by the Government of India , All India Consumer Price Index ( All India Consumer Price Index) , according to data resides is revised every three months.

House Rent Allowance , HRA

This is given to you in place of posting. Although lease facility is not provided to junior associates, but if available, they can be provided residential quarters instead of posting. HRA is the rate varies according to the posting, such as metro or semi-urban or rural area. HRA is given as a percentage of the basic salary. If you are provided residential quarters , you will not be given HRA.

Leave Fair subsidies

You will be eligible for reimbursement of travel fare i.e. for repayment to go to the holidays all over the country i.e. In case of junior associates i.e. clerk i.e. reimbursement of travel fare i.e. the block given for repayment is four years i.e. you can avail of this facility once in four years. This subsidy is provided to you and your dependent family. At the entry level, junior associates are eligible to travel across the country from a train in the sleeper class.

Fitness Facility

The country's largest lender offers attractive healthcare to its employees. Under this, 100% treatment cost for the treatment of employees and 75% of the expenditure incurred in the case of dependents is paid by the bank. The bank also offers cashless treatment facilities in many famous hospitals across the country.

Encashment of Privilege leave, privilege leave vacations

The bank offers you one day holiday for every 11 working days i.e., for the day, and it is known as privilege holidays. Once such 240 such holidays are accumulated, the employee becomes eligible for encashment of these holidays i.e., he is entitled to receive a salary equal to 240 days at his own convenience.

Conveyance allowance

The bank provides vehicle allowance to junior associates according to the place of posting. Depending on the consumption of petrol you can claim this allowance every month.

Loan facility at concessional rates

State Bank of India offers loans to Clerical cadre employees at concessional rates for various purposes. The staff as they need different loans like education loans ( Education Loan), housing loans (Housing Loan), car loan (Car Loans ) makes more loans provided at discounted rates. Apart from this, employees also get the facility of simple rate of interest overdraft at the settlement interest rate .

SBI Clerk 's career prospects

Promotion Policy of State Bank of India is the best in comparison to the promotion policy of other banking organizations. You can work in SBI and receive promotion in the highest cadre of the bank till the general manager . Once the clerk joins the bank after joining the job, further going forward means that you can contact JAIBB ( Junior Associate of the Indian Institute of Bankers ) and CAIB ( Certified Associate of Indian Institute of Bankers )The examinations have to be passed so that you can qualify for the Trainee Officer examination after three years of service ie service. The Trainee Officer or Management Trainee has an officer equivalent to the cadre of the Probationary Officer recruited by the bank.

After this, the bank keeps promoting you in fast track route every three years and any honest candidate can access the highest cadre during his career in the bank through his performance and learning.

SBI Clerk is an examination in which there will be tough competition among candidates and you will have to give your cent per cent to crack this test. Take advantage of this golden opportunity to enter SBI through this examination. Do hard work, you definitely will succeed.