SBI Clerk Salary & Pay Scale: Banking Freshers Salaries 2011March 7th, 2011 Posted by VFreshers
The banking sector is one sector that attracts hordes of people to it. Out of all the banks that people apply for, SBI continues to remain the most coveted of all of them. The reason being that they are able to offer not only the best of salary for a Clerk but also offer great learning opportunities, growth prospects and economic and job stability.
The first thing that people look at when they consider applying for a job in the SBI is the salary and pay scale that they will be eligible for. The pay scales usually range from around 7,500 to 8,700. There have been increases in the pay scales and if that is applicable then you will end up getting approximately another two thousand extra. The thing to keep in mind is that the SBI Clerk Salary & Pay Scale will also depend on where you are posted. The bigger cities and towns will of course fetch you more in terms of a salary based on the living expenditure that you will have to incur in such places.
In fact, there are several government employees who dream of getting into SBI clerk category. The salary that they will get to draw along with permissible perks is far better than what they would get in other places.
Also, another factor to keep in mind is that the salary will certainly be increased after the initial probationary period. This will put you in another grade altogether. Another thing that has gone on to make a huge difference in the salary of an SBI clerk is the sixth pay commission. The implementation of it has brought the salary of the clerk on par with the other government jobs.
The break-up of the SBI Clerk Salary & Pay Scale is about Rs. 4,810 as a basic salary and this does not include any DA or incentives that you will be entitled to from time to time. Therefore, the gross salary can range from about Rs. 8,000 to 10,000. If you are a graduate then you will be put at a higher salary range.
Also, this is just the starting salary the longer you work the better will your salary structure become. Getting a job in SBI is certainly a stepping stone for you and you will have one of the most fabulous of careers carved out for you.
The latest information states that one will be put in the grade of Rs. 4700+7600=12300 per month which is the starting and this includes the basic and the other emoluments.
Initially the pay might seem a wee bit on the lower side but the thing is to look at the bigger picture so as to be able to carve a niche out for oneself in the banking sector. Once you get your foot in the door so to say then the sky is going to be the limit in this prestigious bank with several opportunities.