SBI-CLERK (1)

SBI Clerk (Junior Associate) 2018 Salary, Allowances & Benefits

State Bank of India, the largest commercial bank in India came out with a recruitment notification for SBI Clerk (Junior Associates) to fill 8301 posts this year. SBI provides good salary packages every year based on the performance of the eligible candidates and it also provides additional allowances to the candidates appointed in the clerical cadres. Candidates can check below for the SBI Clerk (Junior Associates) 2018 salaries, allowances, benefits, increments etc.

A. Pay Scale Structure for SBI Clerk

11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540

1. According to the Official notification, the basic salary of the candidates is 11765 with an annual increment of 655. According to this the salary will be increased year by year.

2. The total starting emoluments of a Clerical Cadre employee payable at a metro like Mumbai will be around Rs. 23,600/-per month inclusive of Dearness Allowance (D.A.) and other allowances at the current rate.

3. Allowances will vary depending upon the place of posting.

B. SBI Clerk Salary Allowances

Dearness Allowance (DA): The DA is revised on a quarterly basis and is based on the Consumer Price index (CPI). The current DA has been fixed at the basic pay. When the 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.

Special Allowance: The employees are also entitled to the special allowances which are 7.75 % on which DA is also payable.

To read the Official Notification click the link given below:

SBI Clerk (Junior Associate) 2018 Salary

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