8th Pay Commission: Employees in the public sector might soon experience a boost in their earnings. With the rollout of the 8th Pay Commission, the salaries of State Bank of India (SBI) staff, particularly clerks, are anticipated to rise considerably. A report from News18 suggests that the basic pay for entry-level clerks could soon surpass Rs 30,000. In addition, the basic salary for mid-level employees might approach around Rs 75,000.
What is the current salary structure?
According to SBI’s official notification, a newly hired clerk starts with a basic salary of Rs 26,730 (which includes two extra increments for graduate candidates). When allowances are factored in, the total gross salary is roughly Rs 45,888.
Full details of allowances
Dearness Allowance (DA): Rs 7,161
House Rent Allowance (HRA): Rs 2,862
Transport Allowance: Rs 850
Special Allowance: Rs 7,083
Special Pay: Rs 1,200
After accounting for total deductions (around Rs 6,359), the in-hand salary amounts to about Rs 39,529.
Salary also depends on the posting
Salaries can differ based on the location of the employee’s posting. Those working in metropolitan areas or large cities receive a higher HRA compared to employees in smaller towns or rural branches.
salary hike roadmap
SBI’s salary framework is structured to guarantee that employees receive regular pay increases over time. The basic pay progresses as follows: Rs 26,730 → Rs 28,070 → Rs 33,020 → Rs 41,020 → Rs 57,400 → Rs 61,800 → Rs 64,480. Should the 8th Pay Commission be enacted, these amounts could rise even more, resulting in a substantial increase in the earnings of SBI clerks.
In the meantime, SBI has recently published the SBI Clerk 2025 recruitment notification, generating fresh enthusiasm among banking hopefuls. This year, the bank is accepting applications for 6,589 Junior Associate (Customer Support and Sales) roles.
