SBI Clerk- Salary, Allowances

Dear Readers, Many of you are eagerly waiting for SBI Clerk Result. Meanwhile we are going to tell you what you will get if you are selected as SBI Clerk.

The salary structure of an SBI Clerk Junior Associate is: 

According to the SBI Clerk Notification, the total starting emoluments of a Clerical Cadre employee payable at a Metro like Mumbai will be around Rs. 20,950/-per month inclusive of Dearness allowance (D.A.) and other allowances. 

Allowances vary depending upon the place of posting of the employee. 
SBI Clerk salary in Class Y cities: Rs. 20,000/- 
SBI Clerk salary in Class Z cities: Rs. 19,000/- 

Bank clerk salary in SBI is about Rs. 2000/- higher (on an average) in comparison to clerks in other banks. The difference is due to the extra allowances that SBI offers to its clerks.

SBI Clerk Salary Allowances

SBI Clerk will be eligible for reimbursement of various perquisites, Provident Fund, Gratuity, Pension under New Pension Scheme (Defined Contribution Benefit Scheme), Medical, Leave fare and other facilities, as per the instructions of the Bank issued from time to time.

Some of the allowances that the SBI bestows on its Junior Associates in clerical cadre are:

– Dearness Allowance (DA): This allowance is revised on a quarterly basis in the months of February, May, August, and November. It is based on the Consumer Price Index (CPI) as declared by Government of India. When inflation is high, DA goes up and when inflation falls, DA goes down.

– House Rent Allowance (HRA): This allowance depends on the place of posting. Employees posted in metros like Mumbai, Delhi, etc. are given a better HRA in comparison to those posted in other cities.

– Junior Agricultural Associates will be eligible to get an additional amount, called Special Pay, of Rs. 490/- p.m. which is reckoned for DA, HRA and superannuation benefits.

– Apart from the above, SBI Clerk Salary also includes various perquisites like Furniture Allowance, House Maintenance Allowance, Books & Magazine Allowance, Briefcase Allowance, Reimbursement of Telephone Bills etc.