8th Pay Commission: Most people think about making their career in the banking sector, the reason for this is that there is job security in the banking sector. Along with this, you get the benefit of all the facilities provided by the government. At the same time, you also get the benefit of allowances given by the government. If you are also among those people who are thinking of doing a job in the banking sector, the biggest question for them is what is the salary of SBI Clerks, and how much will the salary increase after the implementation of the 8th Pay Commission?
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Know what the salary and facilities are
According to the information, the basic salary of an SBI Clerk is Rs 17900 monthly. In which the total gross salary can be up to Rs 46000 by adding DA, HRA, transport allowance, and other facilities. After deduction, the in-hand salary becomes around Rs 42,327. Apart from the basic salary, many facilities are available in it. Which includes dearness allowance, house rent allowance, travel allowance, and medical facilities, etc. Due to all these allowances, the total income of the clerk increases even more.
How much will the salary increase after the 8th Pay Commission
According to reports, a fitment factor of 2.57 can be applied in the upcoming 8th Pay Commission. This simply means that the basic salary of the employees will increase by about two and a half times. In such a situation, if this factor is applied to the basic salary of an SBI clerk of Rs 17900, then the new basic will be around Rs 46000. With the basic increasing so much, dearness allowance, HRA, and other allowances will also increase. According to this, the total salary of an SBI clerk can be around Rs 90,000 to Rs 1 lakh monthly.
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Why is the job of an SBI clerk special
For information, let us tell you that the job of an SBI clerk is not only popular in terms of salary but is also very popular among the youth due to stability and promotion opportunities. This includes the safety of government jobs, timely promotions, pension, and other facilities etc. Along with this, the working hours are also balanced as compared to the private sector.