Banking Sector Different Post Salary :- Clerk, PO and other post of SBI and IBPS Banks
SBI - CLERK and Bank Clerk Salary SBI
The Junior Associate role at the State Bank of India (SBI) involves key responsibilities such as providing customer service, managing cash transactions, and promoting the bank's products and services. Candidates must meet certain criteria, including holding a bachelor's degree, being within the specified age limits, and demonstrating language proficiency. The selection process typically includes examinations and interviews. This position offers a competitive salary along with various benefits, all within a dynamic work environment at one of the country's leading public sector banks.
The detailed salary slip of SBI clerk for the month of March 2024:
| Type | Amount |
|---|---|
| Basic Pay | 26,730 |
| Dearness Allowance (DA) | 5695.11 |
| Transport Allowance (TA) | 2600 |
| Special Allowance | 7,083.45 |
| Gross Income | 43,458.11 |
The deductions are
| Type | Amount |
|---|---|
| Professional Tax | 212 |
| Misc Deductions | 2000 |
| Contributory Pension Fund | 3585 |
| HRR for Award Staff | 36.91 |
| Total Deductions | 5833.91 |
Take home pay: 43,458.11 - 5,833.91 = 37,624.20
The money that one gets in his/her hand being a SBI clerk is 37,624.20.
This salary slip is of my friend who is working in a Class Z city.
SBI PO
Jaydeep Roy(SBI Employee), Probationary officer 2022–23,I joined on 3rd July 2023. Talking about the current salary and perks of the SBI PO - Source: Quora
Salary and Perks of SBI PO (2022–23)
Position: Probationary Officer
Joining Date: 3rd July 2023
Basic Salary: ₹41,960/-
Gross Salary: Approximately ₹73,000
Net Salary:
With HRA: ₹65,000
Without HRA: ₹62,000
House Rent Allowance (HRA)
HRA is applicable if you stay in your own house or do not opt for a lease. It ranges from 7–9% of the basic salary. Alternatively, you can choose to rent accommodation
| Location | Lease Amount (Per Month) |
|---|---|
| Urban Centre | ₹17,500 |
| Metro Cities (e.g., Delhi) | ₹30,000 |
| Rural Areas | ₹9,000 |
Monthly Allowances (5 in 1 Allowance)
These include allowances for petrol, newspaper, labour charges, mobile bills, and cleansing material.
Total: ₹8,000 - ₹10,000
Conveyance Allowance: For those without a vehicle, this varies by location.
Other Allowances and Benefits
| Allowance | Amount |
|---|---|
| Entertainment Allowance | 12,500 annually (paid quarterly) |
| Furniture Maintenance Allowance | 13,700 annually |
| Utility Allowance | 4,500 annually |
| Pest Control Allowance | 4,500 annually |
| Privilege Leave Encashment | More than 10,000 annually |
One-Time Benefits
| Allowance | Amount | Frequency |
|---|---|---|
| Furniture Allowance | 1,80,000 + GST | Once in 5 years |
| Mobile Handset Allowance | 10,000 + GST | Once in 3 years |
| Spectacle Allowance | 6,000 + GST | Once in 3 years |
| Briefcase Allowance | 1,400 | Once |
Increment for Qualifications
JAIIB and CAIIB qualifications provide annual increments.
Location-Specific Allowances
Hill Allowance
Special Area Allowance
North East Allowance
These vary based on the job profile and location.
Additional Benefits
Travel Allowance: For training, official tours, or deputations.
Medical Reimbursement: Covers you and your dependents.
LFC (Leave Fare Concession): As per applicable conditions.
Annual Salary Calculation
In-hand Money: Rs9-10 Lakhs
CTC: Rs15–18 Lakhs
This comprehensive package makes the SBI PO position financially rewarding and offers numerous perks to enhance job satisfaction.
IBPS Clerk Salary Structure
Candidates who are selected for the position are provided with an annual salary package, which varies depending on the city of their posting. The basic pay for an IBPS Clerk in India is set at INR 26,730. The Dearness Allowance is calculated based on the Consumer Price Index (CPI), while the House Rent Allowance (HRA) is determined by the location of the employee's posting. Additionally, employees receive an annual medical allowance of Rs. 2,000/-. Travel allowances are provided in accordance with the bank's policies. The expected salary structure includes these components.
IBPS Clerk Salary Structure 2025
| Allowance | Amount |
|---|---|
| Basic Pay in India | Rs. 19,900/- |
| Dearness Allowance | Rs. 5,209/- |
| House Rent Allowance | Rs. 2,039/- |
| Traveling Allowance | Rs. 757/- |
| Special Allowance | Rs. 4,118/- |
| CCA | Rs. 0/- |
| Gross Pay | Rs. 32,023/- |
| Deduction (Union Fee, NPS Fund) | Rs. 2,571/- |
| Salary In-hand | Rs. 29,452/- |
IBPS PO candidates receive a comprehensive salary package, including various allowances and benefits. The salary structure aligns with the 7th Pay Commission guidelines. Following the 12th Bipartite Settlement for Bank and PSU employees, the basic pay for an IBPS PO is INR 48,480. The gross salary is approximately Rs. 83,125, with deductions around Rs 13,835, resulting in a net salary of Rs. 69,290. Detailed information about the IBPS PO salary and job profile can be found in this article.
IBPS Clerk Salary Structure 2025
| Allowance | Amount |
|---|---|
| Basic Pay | Rs. 36,000 |
| Special Allowance | Rs. 5,904 |
| Dearness Allowance | Rs. 8,593.20 |
| CCA (City Compensatory Allowance) | Rs. 1,400 |
| Learning Allowance | Rs. 600 |
| DA Others | Rs. 1,552.50 |
| House Rent Allowance | Rs. 3,240 |
| Gross Salary | Rs. 57,289.70 |
| Deduction (Tax & NPS) | Rs. 4,659.32 |
| In-hand Salary | Rs. 52,630.38 |