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SBI is one of the biggest banks of India. SBI offers the highest entry level package in the banking industry. So if you are selected as Junior Associate in Clerical Cadre, you’ll get the best entry level salary. Let’s look at the key benefits.
- Salary: The salary in the beginning is Rs. 11,765. You’ll have an annual increment for 3 years at Rs. 655. Then at the end of 3 years your salary will be Rs. 13,730. Next, you’ll have an increment of Rs. 815 for the next 3 years, after which the salary comes to Rs. 16,175. It then further rises to Rs. 20,095 after another 4 years. This goes on till your salary reaches Rs. 31,450 per month.
- Allowances: There are a number of allowances. Dearness Allowance (DA) is revised quarterly during February, May, August and November. DA is directly proportional to the Inflation and depends on the Consumer Price Index (CPI) as declared by the Government of India. House Rent Allowance (HRA) is given based on the place of posting. In metro cities like Delhi, Mumbai etc. extra HRA is given as compared to those posted in districts.
- Promotion: If you have completed 10 years of service in SBI Clerical cadre, you’ll get promoted as Senior Assistant. This post has special emoluments of Rs.1800. As a SBI clerical cadre or junior associate if you have completed 20 years of service in SBI, you’ll get promoted as Special Assistant. This post awards has allowance of Rs.2500 which will be graded for Dearly Allowance (DA) & House Rental Allowance (HRA). If you have completed 30 years of service, you will be promoted as Senior Special Assistant and given a special allowance of Rs.3500 which will be ranked for DA & HRA. Moreover after three years of service, a clerk can become a trainee officer after clearing a written test and interview. You’ll be on probation for 2 years and can be recruited into MMGS-II cadre or sent back to clerical cadre.Under fast track promotion, if you have completed six years of service or 12 years of service under normal promotion channel, you can become a JMGS-Scale1 officer. For this post you’ll have to clear a written test and interview. SBI clerks get more chances to be promoted as officer earlier than those working in other banks.
- Job satisfaction: You’ll be the first point of contact for any customer to answer his/ her queries and provide guidance. As an SBI Clerk, you will have to handle customers’ doubts and queries, verify documents, clear cheques and drafts, maintain ledgers, tally balance sheet, perform data-entry tasks and do other back-office work. You’ll have to interact with customers and that gives job satisfaction. You’ll get more exposure as compared to IBPS counterparts.
- No hurrying for deadlines: The work hours are convenient and you’ll have stable atmosphere to work and grow. There are no targetsand deadlines that have to be done within a limited time period. Hence, you’ll be able to have work-life balance better.
Because SBI provides such benefits, many candidates are aspiring for the post and preparing for the exams. You can definitely do well and get into your dream job with your sincere efforts. Make SuccessLynk as your trusted partner in your preparation. Check the site for eligibility, syllabus, exam pattern, important dates and much more. Click http://blog.successlynk.com/leading-reference-books-banking-exams/ to see the list of the best reference books for bank exams. Take up practice tests and mock tests to prepare for the actual exam. The uses of taking up online tests are numerous. You’ll get performance feedback by which you can know your strengths and weaknesses. Based on that, you can improvise. You’ll become more confident to face the exam. Click https://www.successlynk.com/exams/bank-exams/sbi-clerk to get access to online tests.
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Posted in SBI Clerk