What is an SBI Clerk's In-Hand Salary


What is the in-hand salary of SBI Clerk?

If you are considering a career as an SBI (State Bank of India) Clerk, it is important to understand the compensation package that comes with the role.

The in-hand salary of SBI Clerk is a topic of interest for many aspirants.

In this article, we will discuss the details of the in-hand pay structure, including various allowances, deductions and facilities attached to the post.

By the end, you will have a comprehensive understanding of the financial aspects of being an SBI Clerk.



SBI Clerks play a vital role in providing customer service, managing cash transactions and performing various administrative tasks within the bank.

As an entry-level position, it offers stability, opportunities for growth, and a competitive pay package.

Basic Pay

Basic pay forms the basis of the in-hand pay structure.  

For SBI Clerk, the basic pay is determined on the basis of Bipartite Settlement, which is the wage settlement agreed upon by Indian Banks' Association and Bank Employees' Unions.  

As per the latest revision, the basic pay of SBI Clerk is ₹20,950.

Dearness Allowance (DA)

Dearness Allowance, also known as DA, is a component of salary that helps employees to cope with inflation.

It is revised on a quarterly basis based on the Consumer Price Index (CPI).  The current DA for SBI Clerks is 18.5% of the basic pay.

House Rent Allowance (HRA)

House Rent Allowance or HRA is given to the employees to cover their housing cost.

The dollar value of an HRA varies, depending on the location of the employee.

While in other cities it is 7.5% or 6.5%, in metro areas it is 8.5% of the basic pay.

Transport Allowance (TA)

SBI Clerks are also entitled to transport allowance, which helps them cover their commuting costs.  The TA amount for Clerks is ₹425 per month.

Special Allowance

Special allowance is an additional component introduced to compensate for various factors including job-specific requirements and skills.

For SBI Clerks, the Special Allowance is currently fixed at 7.75% of the Basic Pay.

Gross Salary Calculation

To calculate the gross salary of SBI Clerk, we add together the basic pay, DA, HRA, TA and special allowances.  Gross pay is the sum of all these components.


Deductions are certain amounts that are deducted from gross pay.  These generally include provident fund contribution, income tax and any other applicable deduction as per government rules.

In-hand Pay Calculation

In-hand pay is the amount that a clerk gets after all deductions from the gross pay.  To calculate in-hand pay, we subtract the deductions from gross pay.

Facilities and Benefits

Apart from the salary, SBI Clerks enjoy various perks and benefits.

These may include medical benefits, pension schemes, gratuity, leave encashment and subsidized loans.

Exact benefits may vary based on existing policies and any modifications made over time.

Career Development and Growth

SBI provides a lot of opportunities for professional growth and promotion.

As an SBI Clerk, you can gradually progress to higher positions through internal promotions and examinations.

With each promotion, there is a corresponding increase in salary and additional benefits.

Income Tax Implications

The in-hand salary of SBI Clerk is subject to Income Tax as per the prevailing tax laws in India.

Tax liability depends on the salary slab and applicable deductions.  It is necessary to consult a tax professional or refer to official guidelines to understand the tax implications in detail.

Comparison with other banks

While evaluating the in-hand salary of SBI Clerk, it is useful to compare it with the salary offered by other banks.

SBI offers competitive compensation, and the salary structure is designed to attract and retain talented individuals.

Tips to Maximize Your Hand in Pay

Here are some tips to maximize the salary that comes in your hand as an SBI Clerk:

 - Be aware of the various perks and benefits provided by the bank.

 - Stay updated with the latest revisions and wage negotiations.

 - Take advantage of tax-saving investments and deductions.

 - Continuously enhance your skills and knowledge to improve your chances of promotion.


Becoming an SBI Clerk not only offers job security and growth opportunities but also a competitive salary package.

Understanding the in-hand salary structure is important for those considering a career in the banking sector.

By considering the various components, perks and deductions discussed in this article, you can get a clear picture of the financial aspects involved in being an SBI Clerk.

frequently Asked question

Q1 - How often is SBI Clerk Salary revised?

The salary of SBI Clerks is revised on the basis of bilateral agreement, which generally happens every few years.

The amendments are aimed at providing fair compensation to the employees and keeping pace with the economic changes.

Q2 - Is there any performance-based incentive for SBI Clerks?

Yes, SBI offers performance-based incentives in the form of bonus and allowances to the clerks.

These incentives motivate the employees to perform better and contribute to the growth of the Bank.

Q3 - Can SBI Clerk take bank loan?

Yes, SBI Clerk can avail various loan facilities from the bank.

These loans often come with attractive interest rates and favorable terms and conditions.

Q4 - Are there opportunities for promotion and career growth as an SBI Clerk?

Absolutely!  SBI provides ample opportunities for promotion and career growth.

Clerks can advance to officer level positions through internal promotion and qualifying examinations.

Q5 - Is the in hand salary of an SBI Clerk sufficient to live a comfortable lifestyle?

Though the in-hand salary of SBI Clerk is competitive, it may vary depending on individual circumstances and lifestyle choices.

It is advised to budget wisely and plan your finances to live a comfortable lifestyle.

In conclusion, the Salary that comes in the hands of an SBI Clerk consists of various components, allowances and deductions.

It is essential to have a comprehensive understanding of the salary structure as well as the perks, benefits and career growth opportunities associated with the post.

You can decide on something by carefully studying the facts given in this article.

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