SBI Clerk Salary, Allowances, Benefits, Job Profile & Growth

With SBI Clerk Notification 2019coming out, a thousand questions must be running in the minds of the candidates. To help them get a detailed knowledge about the salary, allowances, benefits, job profile and career growth, we are presenting an article below. We hope by the end of this article; all your queries will be resolved.
JobsLet’s discuss the detailed SBI PO salary, increment structure of salary, allowances, job profile and career prospects of a candidate.

SBI Clerk 2019 Salary
The gross pay of an SBI Clerk is 20,000. The division of the salary structure is given below:

SBI Clerk 2019 Salary

Basic salary

? 11,765

City Compensatory Allowance

4-5% of basic salary

Dearness Allowance

? 5,312

House Rent Allowance

? 1,800

Transport Allowance

? 425


Salary Increment

After 3 years

? 13,730

After 6 years

? 16,715

After 7 years

? 20,095

After 7-plus years

? 28,110

After 14 years

? 31,450


Allowances

  1. DA (Dearness Allowance): Currently, it is 109% of basic pay but it may vary from location to location.
  2. HRA (House Rent Allowance): SBI Clerks, who do not have their own home at the place of work are entitled to this benefit. 10% of basic pay is covered as HRA.
  3. TA (Travel Allowance): SBI Clerks and their family members are entitled to board the 2nd tier of AC trains throughout India and make use of the free accommodations at places, where the bank has guesthouses.
  4. Medical Allowance: SBI covers 100% medical cost of its clerks and 75% of the registered family members.

Other Benefits of SBI Clerk 2019

  • Concessional Housing and Vehicle Allowance
  • Contributory Provident Fund
  • Petrol Allowance
  • Concessional rates for SBI Pension Plans
  • Furniture Allowance
  • Reimbursement of phone bills
  • Newspaper and Magazine Allowance
  • Entertainment Allowance
  • Two years sabbatical for women clerks (Maternity leave/ children’s education)

SBI Clerk Job Profile
The job role comprises of the following duties:

  1. Dealing with customers and handling their queries.
  2. As cashiers or single window operators, clerks deal with withdrawals and deposits.
  3. Providing customers with banking services such as verifying cheques, issuing demand drafts, and accepting payments.
  4. Be a part of back-office responsibilities, such as ledger maintenance and balancing transactions.
  5. As a Junior Associate in the department of Customer Sales and Support, a clerk is expected to market financial products such as loans, deposits, and schemes to the customers.

Career Prospects
In the clerical cadre, the job of an SBI Clerk is considered to be the most prestigious. After a certain period of rendering service, a clerk gets an opportunity to be a PO in the following two ways:
  1. OJM exam: This is an internal written exam followed by an interview. To be eligible for this exam, the clerk should have worked for 6 years under the fast track promotion channel or should have 12 years of service under the normal promotion channel. A clerk was promoted to the post of a PO via this examination enjoys the same perks as that of a PO, but there is a difference of Rs. 6,000 between the two.
  1. Internal examination: An internal examination is conducted every two years. A clerk has to fulfill any of the following criteria to be eligible for appearing in this exam:
    1. 3 years of service with the completion of CAIIB (Certified Examination of the Indian Institute of Bankers) exam.
    2. 4 years of service with the completion of JAIIB (Junior Associate of the Indian Institute of Bankers) exam.
    3. A minimum of 6 years of service.

After the clerk is promoted to the post of a PO, he will have to serve a probationary period of 2 years.

Now that you know the details about the salary, job profile, perks, allowances, and career growth of SBI Clerk, it is time to pull up your socks and start your preparation with a mindset that you are going to be an SBI Clerk in this year.
Published on 4/16/2019 12:30:00 PM

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