The State Bank of India or SBI apprenticeship is a highly revered apprenticeship opportunity for aspirants across India who want to get hands-on experience in the banking sector. The salary of an SBI apprentice is also something that is widely inquired about by the candidates.
The apprenticeship, however, is not a part-time or full-time job for the selected applicants. It is a position in which they get on-job training and learning experience from the superiors at the bank.
Candidates can learn more about the SBI exams conducted in the country for the post of Probationary Officer, clerical exam and Specialist officer exams.
For details about the bank employee’s salary structure, candidates can visit the linked article.
|With bank employees salary being one of the major driving force for candidates to opt for a career in the banking sector, check out the links given below and ace the upcoming bank exams 2023:|
SBI Apprentice 2023 Salary
The 2023 recruitment for SBI Apprentice post is yet to begin.
The 2021 SBI apprenticeship recruitment began on July 5 with the initial application process. This year, the exam date is yet to be announced. Therefore, for candidates targeting SBI Apprenticeship Exam 2023, it is important to know the application and selection process of previous years. Also, if you are planning to attempt this year’s exam, you would be interested in knowing about the SBI apprenticeship salary per month.
Though the salary structure for the post may change on a yearly basis depending on the Dearness Allowance (DA), it usually ranges from 15,000 INR per month to nearly 19,000 INR pm. The salary structure also changes with the job location. It is usually higher for metro cities and lower for rural and semi-rural areas.
Also, refer to the following links:
SBI Apprentice Salary Structure
The salary structure remains more or less the same for every year; that is, the selected applicants get a monthly stipend (fixed) during their recruitment while the increment amount (variable) is added post appraisal on a yearly basis. As an apprentice, a candidate can work with SBI for at least a year to a maximum of 3 years. During the three years’ period, the salary increment takes the following route:
|Year of apprenticeship||Salary per month (INR)|
|First year of apprenticeship||15,000|
|Second year of apprenticeship||16,500|
|Third year of apprenticeship||19,000|
Candidates must keep in mind that the recruitment for the SBI apprentice does not mean that they will be made permanent employees of SBI. Rather the recruitment is for aspirants who wish to get hands-on experience from SBI for a limited period of time, ranging between one to three years.
Get salary details of other bank exams:
|RBI Assistant Salary||IBPS Clerk Salary|
|RBI Grade B Salary||IBPS RRB Salary|
|IBPS PO Salary||IBPS SO Salary|
SBI Apprentice Salary 2023 Allowances
Employees working in a nationalized or autonomous bank are entitled to certain allowances like Dearness Allowance, City Compensatory Allowance, Leased House Rent Allowance, Travel Allowance, Furniture Allowance etc. The amount of allowance depends upon the post the employee holds or the Grade of work they are responsible for. For example, bank employees are eligible for getting about 46% of the basic salary as the Dearness Allowance or the DA.
But, as we already mentioned before, apprentices are not regarded as permanent employees. So, such allowances will not come in the pay package they are offered as they join the State Bank of India as apprentices.
Here is a pay scale break-up for your reference so that you can get an idea about it. The clerical and subordinate staff of a bank are entitled to different pay scales. This is as follows:
Payscale for clerical staffs
|Pay Fixation 1||11765 – 655/3 – 13730 -815/3 – 16175 – 980/4 – 20095 – 1145/7|
|Pay Fixation 2||28110 – 2120/1 – 30230 – 1310/1 – 31540 – 20 Years|
Payscale for subordinate staffs
|Pay Fixation 1||9560 – 325/4 – 10860 – 410/5 – 12910 – 490/4 – 14870 – 570|
|Pay Fixation 2||16580 – 655/3 – 18545 – (20 Years)|
SBI apprentice job profile
An SBI apprentice has very specific job roles to perform. The selected candidate would be required to:
- Perform administrative activities
- Provide after-sales services to customers
- complete certain tasks that are assigned to them by their supervisor
So, candidates should prepare for the upcoming SBI apprentice salary recruitment in 2023, while keeping these points in mind.
|Other Related Links|
|Bank PO Salary||RRB JE Salary|
|SSC Salary||RRB NTPC Salary|
|LIC AAO Salary||LIC ADO Salary|
|LIC AAO Salary||IAS Salary|
Frequently Asked Questions on SBI Apprentice Salary
What allowance and benefits are included in the salary of an SBI apprentice?
The monthly stipend is all that an apprentice receives. The stipend does not include any other benefits or allowances. The apprentices working with SBI are not eligible to earn any extra financial allowance other than the stipend.
Does the salary of an apprentice increase on a yearly basis?
Yes. From the first year of apprenticeship to the third year, you will get a raise in the salary or the stipend. This will be at par with the SBI norms and the governmental policies of pay structure.
What is the total mark of the apprentice exam?
The total mark for the exam is 100. There are generally 25 questions each from the four sections we already mentioned above. Each question contains one mark. Thus, a total of 100 questions carry 100 marks. Keep monitoring the SBI official website and our page for the latest updates of 2023.