What Is The Starting Salary Of A Clerk In State Bank Of India

I want to build my career in banking line and for this planning to apply for the post of clerk in State Bank of India. Can you please tell what the starting salary of Clerk in State Bank of India also tell details about other allowances provided so that I plan to join this bank as a Clerk?

[shikha]

State Bank of India is an Indian multinational, public sector banking and financial services company.

It is a government-owned corporation with its headquarters in Mumbai, Maharashtra

SBI Clerk Salary details:

Starting salary / pay scale in hand for newly joined clerical cadre employee will get around Rs.20950 Per month in Mumbai inclusive of D.A. and other SBI Clerk Salary allowances & Facilities at the current rate

Apart from Basic Pay, as a clerk you will get the following allowances:

(a) Dearness Allowance (DA): DA is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India. The current DA has been fixed at 39.40% of the Basic Pay). When inflation is high, DA goes up and vice versa.

(b) Special Allowance : This has been added in 10th BPS (wef 01/11/2012) for clerks it 7.75% on which DA is also payable

(c) HRA : This depends on the place of posting and it can be either 10% or 9% or 7.5% depending on the place of posting.

Promotion of clerks to officer cadre

To Trainee officer
After three years of service, a clerk can become trainee officer after clearing written test and interview. Such clerks are put under probation for a period of two years.

After successful completion of probation, the trainee officer based on performance will be either recruited into MMGS-II cadre or sent back to clerical cadre.

Directly to JMGS-I
After six years of service under fast track promotion channel or after twelve years of service under normal promotion channel, a clerk can become a JMGS-Scale1 officer, after clearing a written test and interview, subject to upper age limit.

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431