SBI Clerk Salary : Comparision with IBPS Clerk

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SBI Clerk Salary latest figures and comparison with IBPS Clerk.

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SBI Clerk Salary

SBI Clerk Salary Details

In Metro Cities like Mumbai Pay band / Salary : INR 20950
In class Y cities with 20% DA Pay band / Salary : INR 20000
In class Z cities with 19% DA Pay band / Salary : INR 19000

VIEW HERE THE SALARY DETAILS OF SBI PO 

SBI Clerk vs IBPS Clerk Salary

For an employee in any industry, Salary, Pay Scale and Perks play a very crucial role. However, in this particular case of SBI Clerk and IBPS Clerk Salary Comparison, it might not be as important as you think.

The main reason might be because the Pay Scale of IBPS Clerk and SBI Clerk is almost similar. Following is the pay scale for Clerical Cadre.

Rs. 11765 – (655×3) – 13730 – (815×3) – 16175 – (980×4) – 20095 – (1145×7) – 28110 – (2120×1) – 30230 – (1310×1) – 31540

VIEW HERE THE SALARY DETAILS OF AN IBPS PO

To elaborate on this Pay Scale further

  • Rs. 11,765 is the Basic Pay
  • Rs. 655 shows the fixed increment and is consecutive for 3 years annually that cumulates the basic to 13730 and scales up the designation as well

The Pay Scale can be analysed in this manner. The Perks and Allowances are as follows.

  • Dearness Allowance (39.4% of Basic)
  • HRA depending upon the City (7-9% of the Basic)
  • Special Allowance (7.5% for Clerks)

The Pay Band for both the SBI Clerk and IBPS Clerk is the same and usually rounds up to Rs. 18,100 – 19,800 per month.

But SBI offers an additional allowance to its employee that gives an amount of Rs 2000/- extra benefit that enhances the salary to approx Rs. 20,100 – 21,800.

Another difference in salary is in the timely increment of in-hand salary, which can scale upto Rs. 50,000 per month approximately in case of most Public Sector Banks under IBPS and Rs. 54,000 – 55,000 per month in case of SBI Clerk working in the State Bank of India.

7th Pay Commission 

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