SBI Clerk 2021 notification was finally released by SBI on April 26, 2021, to the relief of a number of banking aspirants. Last year this notification was released in the month of January itself and this year most probably because of COVID-19, this notification was released late. However, now that the notification is released with 5,000 vacancies and the application link is LIVE, we suggest that you apply as soon as possible. If you have any doubt on any aspect of the question paper of SBI Clerk 2021 Prelims, you can take a free mock test by clicking here. And you are welcome to clarify your doubt with the help of our Frequently Answered Questions.
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A number of aspirants would be curious about the job profile, salary & career growth of these vacancies. Well! Did you know that the complete payscale of the SBI Clerk profile has been revised? Yes! We will provide you with the details below. Have a look at this article which covers the detailed responsibilities, salary & career growth of an SBI Clerk.
Job Profile of an SBI Clerk
Duties & Responsibilities
- To work as a Single Window Operator (SWO) looking after the day-to-day activities of the bank such as
- Opening bank accounts of new customers
- Issuing demand drafts
- Processing cheques
- Handling RTGS/ NEFT transactions
- Cheque books requests etc.
- KYC/ Adhaar/ PAN/ Mobile/ Email Updation
- Batch Postings
- To face customers, address their issues/ concerns, and provide them the right guidance
- To work as a cashier as per the requirement
- To verify documents, countersign and clear cheques/ drafts
- To work on documentation and do routine tasks like ledger maintenance, balance tallying, data entry etc.
- To market financial products of the bank such as loans, schemes, deposits etc.
- To scrutinize applications to ensure that they are complete
- To call customers to sell/ cross-sell banking services and advisory services
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Salary of an SBI Clerk
The salary of an SBI Clerk will depend upon a number of factors. In a city like Mumbai, the salary will be around Rs 34,000. The pay scale as per the 2020 notification was 11765- 655/3- 13730- 815/3- 16175- 980/ 4- 20095- 1145/7- 28110- 2120/1- 30230- 1310/1- 31450. But, this year in the 2021 notification this payscale has been completely revised. The new payscale is 17900- 1000/3- 20900- 1230/3- 24590- 1490/4- 30550- 1730/7- 42600- 3270/1- 45930- 1990/1- 47920. This simply means that you will have a starting salary of Rs 17,900 with an annual increment of Rs 1,000 which will continue until the next 3 years. After 3 years your basic salary would have become Rs 18,900 and this calculation goes on until your basic salary becomes Rs 47,920 which is the maximum salary an SBI Clerk can get. Below are the allowances/ perks an SBI Clerk gets:
- Dearness Allowance- This component is revised on a quarterly basis and is based on the CPI (Consumer Price Index).
- House Rent Allowance
- Special Allowance
- Furniture Allowance
- Reimbursement of Telephone bills
- Pension (NPS)
- Leave Fare
- Medical Facilities
Generally, the salary of an SBI Clerk is Rs 300 more when compared to that of clerks of other banks.
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Career Growth
Thanks to the fast track promotion process at SBI, the career growth of an SBI Clerk is relatively better than that of clerks of other banks. A clerk can reach up to the profile of General Manager. Promotions either happen in-cadre (in the clerical cadre itself) or to the officer cadre.
In-Cadre Promotion of an SBI Clerk
- An employee who has completed 10 years of service will be promoted to ‘Senior Assistant’ which carries a special allowance of Rs 1,800.
- Similarly, those employees who have completed 20 & 30 years of service and gets promoted to ‘Senior Assistant’ get a special allowance of Rs 2,500 & 3,500 respectively.
Officer Cadre Promotion of an SBI Clerk
- An SBI Clerk can become a trainee officer if s/he has completed 3 years of service and cleared the written test & interview. There is a probation period of 2 years.
- After the probation period ends, depending upon his performance, the trainee officer will be either recruited into MMGS-II (Middle Management Grade Scale) cadre or will be sent back to the clerical cadre.
- After completing 6 years of service under the fast track promotion channel or after completing 12 years of service under normal promotion channel, a clerk can become a JMGS-I (Junior Manager Grade Scale). This promotion is subject to an upper age limit and s/he needs to clear a written test & interview.
Hopefully, this article would have cleared all of your doubts & queries. If you still have any question, please post in the comments section below.
Wishing You Good Luck with your Preparation!
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