South Indian Bank Clerk Salary 2023: Check Salary & Job Profile

South Indian Bank Clerk Salary 2023: The lucrative salary and prestigious job profile of the South Indian Bank Clerk Salary attract a lot of candidates. Only candidates who clear the Online Test and Personal Interview will be appointed as South Indian Bank Clerk. Selected candidates will receive various allowances along with their salary.

*Steps to take mock tests are given in this article below

Candidates chosen as clerks will serve a 6-month probationary period. The South Indian Bank Clerk’s salary ranges from Rs. 17,900 to Rs. 47,920.  Along with their basic salary, SIB employees also receive Dearness Allowance, House Rent Allowance, and Telephone Bill Reimbursement. To know more about the South Indian Bank Clerk salary 2023, continue to read this article.

SIB Clerk Salary Structure 2023

The salary of the South Indian Bank Clerk is governed by the 7th Pay Commission. The employee’s monthly in-hand salary is the sum of their basic wage and Dearness Allowance. Check out the salary structure for the SIB clerk in the table below:

South Indian Bank Clerk Perks and Additional Benefits

Apart from the salary, selected candidates will also receive various perks. The South Indian Bank Clerk benefits are as follows:

• Dearness Allowance (DA): Dearness Allowance is a payment component of salary which is some fixed percentage of the basic salary and is used to offset the impact of inflation.

• House Rent Allowance (HRA): Every year, House Rent Allowance assists in providing employees with tax benefits for the payment of their housing. The HRA is calculated based on the wage and the city of residence. Those who do not pay rent or own their homes are not eligible for HRA.

• Telephone Bill Reimbursement: Reimbursements are funds paid to employees after an expense has been incurred. The amount spent is only paid when the employee claims it. Telephone Bill reimbursement covers the telephone bills incurred by the employee.

How to Take South Indian Bank Clerk Mock Test?

Access the unlimited South Indian Bank Clerk test series from Embibe and boost your confidence to face the examination. Candidates can follow the below-mentioned steps to take the mock test series:

• 1st Step: Visit Embibe’s official website, i.e., embibe.com.
• 2nd Step: Use the mobile number/email to log in.
• 3rd Step: Click on the menu bar “Getting a Government Job” 
• 4th Step: Select the Goal “Banking” from the Dropdown and click on “Next”.
• 5th Step: Search and Select “South Indian Bank Clerk” on the search bar and click on “Next”.
• 6th Step: Select the preferred language and click on “Done.”
• 7th Step: Click “Test” from the Header Section.
• 8th Step: Scroll down to the “Subjects” section.
• 9th Step: Click on any South Indian Bank Clerk subjects.
• 10th Step: Scroll down to click on the chapters from the selected subject to begin the test.

South Indian Bank Clerk Job Profile 

Some of the basic duties and responsibilities of a South Indian Bank Clerk employee are given below:

• Business Development
• Cheque Verification
• Cash Deposit/Withdrawals
• Cheque Verification
• Customer Interaction
• Handling Customer Complaints
• Maintaining Daily Transactions in the System

South Indian Bank Clerk Promotion Hierarchy

SIB Employees will be promoted based on their experience and the department exams. Following are the promotion hierarchy of a SIB Clerk employee:

• Clerical Cadre
• Junior Management Grade Scale 1 – Probationary Officer
• Middle Management Grade Scale 2 – Manager
• Middle Management Grade Scale 3 – Senior Manager
• Senior Management Grade Scale 4 – Chief Manager
• Senior Management Grade Scale 5 – Assistant General Manager
• Top Management Grade Scale 6 – Deputy General Manager
• Top Management Grade Scale 7 – General Manager
• Executive Director
• Chairman and Managing Director

FAQs Related to South Indian Bank Clerk Salary 2023

Following are the frequently asked questions and their answers related to South Indian Bank Clerk salary 2023:

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