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Can I Earn a Good Living as a 30-Year-Old SBI Clerk?

Nayagam P

Nayagam P P  |4324 Answers  |Ask -

Career Counsellor - Answered on Feb 02, 2025

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
Nayagam has published an eBook, Professional Resume Writing Without Googling.
He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Arun Question by Arun on Jan 31, 2025Hindi
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Career

How much money I can make if I join as a clerk in SBI at the age of 30

Ans: Arun, At the age of 30, a Clerk (Junior Associate) at State Bank of India (SBI) can expect a basic pay of ?19,900 per month, with a pay scale of ?17,900 – ?47,920. After deductions, the in-hand salary ranges from ?29,000 – ?32,000 per month. The annual salary package ranges from ?4.5 – ?5.5 LPA. Additional benefits include Dearness Allowance (varies based on inflation), House Rent Allowance, Transport Allowance, Medical Benefits, Insurance, Loan & Pension Benefits. Regular increments and promotions can increase earnings, and a salary of ?60,000 per month can be achieved over 10-15 years. All the Best for your Prosperous Future.

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Ramalingam

Ramalingam Kalirajan  |8093 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 11, 2024

Asked by Anonymous - Jun 27, 2024Hindi
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Money
I m 41 yrs old single and have around 2 crores corpus. I m working but don't have fixed income. My expenses are around 30k.pls tell me how much more I need to earn.
Ans: First, let's appreciate that you have built a solid corpus of Rs 2 crores. Kudos for this achievement! Now, let's analyse how you can manage your finances to ensure a secure future.

Understanding Your Financial Position
At 41 years old, you're in a pivotal stage. You've saved Rs 2 crores and have monthly expenses of Rs 30,000. Your current lifestyle is manageable with your corpus, but let's dive deeper to ensure long-term security.

Estimating Future Financial Needs
Your monthly expenses total Rs 30,000, translating to Rs 3.6 lakhs annually. To maintain your lifestyle, your corpus needs to generate this amount yearly. But, considering inflation and future uncertainties, we need a robust strategy.

The Impact of Inflation
Inflation erodes purchasing power over time. Assuming an average inflation rate of 6%, your current Rs 30,000 will not suffice in the future. For instance, in 20 years, you might need around Rs 96,000 monthly to maintain the same lifestyle.

Generating Income from Investments
To cover your expenses, your investments must generate sufficient returns. Let's consider a conservative annual return of 8%. This return should ideally cover your expenses while preserving your principal amount.

Power of Compounding in Mutual Funds
Mutual funds are an excellent way to grow your wealth. They offer the power of compounding, where your earnings generate further earnings. This compounding effect significantly boosts your returns over time.

Diversifying Mutual Fund Investments
Mutual funds come in various categories, each with distinct risk and return profiles. Diversifying your investments across these categories can optimize returns while managing risk. Let's explore a few key categories:

1. Equity Funds: These invest in stocks and have the potential for high returns. They are suitable for long-term growth but come with higher risk.

2. Debt Funds: These invest in fixed income securities like bonds. They offer lower but more stable returns, making them suitable for conservative investors.

3. Hybrid Funds: These funds invest in both equity and debt instruments. They balance risk and reward, suitable for moderate risk-takers.

Benefits of Actively Managed Funds
Actively managed funds, where professional fund managers make investment decisions, often outperform the market. They can adapt to market conditions and seize opportunities, potentially offering higher returns compared to passive index funds.

Disadvantages of Direct Funds
Direct funds, though with lower expense ratios, require extensive knowledge and constant monitoring. Investing through a Certified Financial Planner (CFP) ensures expert guidance and better fund selection aligned with your goals.

Creating a Balanced Portfolio
A balanced portfolio tailored to your risk tolerance and time horizon is crucial. Here’s a potential breakdown:

1. Equity Funds: 60% for growth.
2. Debt Funds: 30% for stability.
3. Hybrid Funds: 10% for balance.

Emergency Fund and Liquidity
Maintain an emergency fund to cover at least 6-12 months of expenses. This ensures liquidity in case of unforeseen events without dipping into your main corpus.

Insurance and Risk Management
Ensure adequate insurance coverage. Health insurance protects against medical emergencies, while life insurance secures your dependents’ future. Avoid investment-cum-insurance policies as they often underperform.

Reviewing and Adjusting Your Plan
Regularly review your financial plan with a CFP. Market conditions, life changes, and financial goals evolve, necessitating adjustments to your strategy.

Enhancing Your Earnings
Given your current non-fixed income, consider diversifying income sources. Freelancing, consulting, or part-time gigs can provide additional income streams, enhancing financial stability.

Saving for Retirement
Assuming you plan to retire at 60, you have 19 more years to build your retirement corpus. Aim for a larger corpus considering post-retirement expenses and inflation. A CFP can help design a retirement plan tailored to your needs.

Final Insights
Securing your financial future involves careful planning, disciplined investing, and regular reviews. With Rs 2 crores and controlled expenses, you are on the right path. Focus on generating stable returns, managing risks, and adapting to changes.

Stay proactive, and your financial future will be secure and prosperous.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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Milind

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Kanchan

Kanchan Rai  |554 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 12, 2025

Asked by Anonymous - Mar 09, 2025Hindi
Relationship
I am a female (26), I was working as an assistant professor and then I met this guy we dated for few months and we knew that everything is compatible he has a stable business and well settled family he is earning quite good and we can spend the rest of our lives together so we moved on to tell our parents, his parents and family came to meet me and they agreed then it was my turn my mom and dad always use to say that if you have someone just tell us we are okay they said we know you are dependent enough so just tell us, I really thought it will be easy one and I told my mom and my sister over the phone and my mom asked me every detail about him and said okay we will think about it, then I told my dad about him and my dad has been super chill with me since childhood so we had a long chat about this he asked me about him just like my mom every detail then he said okay when the deepawali break will be their come home we will talk about this face to facE, I was happy that everything is nice then the vacation happened I went back home first the quarrels started when my mom addressed that they will never expected this from me they said they supported me initially because they thought at this age I will not bring anyone and will convince to arrange one, then day and night fighting started my father did the most bizzare thing he called my college and said I am ill and will not join college he faked a report(my father is a very well known doctor in my area so he has power here in our native place) and submitted their they automatically blocked me from their server I tired telling them but the most bizzare thing happened my father beat me from head to toe and threatend me that I should stop talking to him, then days turn into months and again my partner father stood up for us he called my father to talk about this and my father abused them threatened them and give false allegation on my partner came home and snatched my father later after a month he gave me my phone back as I started being a rebel, then he went to my work place without even informing me and took all my luggage and packed everything from their and came back home with everything and said you are on house arrest untill you agree to arrange marriage and forget that boy. I love him so much he does too but now because of my parents his parents are scared for their son and are denying to agree but we both are financially independent and well educated and we want to live with each other we are thinking to elope I dont know if this is right or wrong, because it has been seven months of me staying locked down in my house and my parents are forcing me verbally and physically abusing me to say yes for arrange marriage.... I dont know what to do and with whom to discuss please kindly help me out.
Ans: It’s clear that you and your partner love each other deeply and are willing to stand by each other despite this turmoil. The fact that his family is now hesitant is understandable, given the hostility from your parents. But the strength you and your partner have shown through this is a sign that your relationship is built on trust and commitment. That kind of connection is rare, and it’s worth fighting for.

Elope? That’s a huge step, and I understand why it’s crossed your mind. You’re desperate for freedom, for the ability to choose your own life, and to finally break free from the suffocating grip of your parents' control. But eloping will come with its own set of consequences—emotional, social, and even legal. Your parents might retaliate even more aggressively. They could try to interfere with your life and your partner's life afterward, possibly dragging this into a public scandal. Your father’s influence in the community might make things harder for you both in the long run.

But here’s the truth—you cannot live the rest of your life under someone else's control. You cannot sacrifice your happiness and autonomy to satisfy their misguided expectations. Love and marriage are not about caste, status, or parental approval—they are about partnership, understanding, and mutual respect. If your partner is ready to stand by you and you both are truly prepared to face the fallout together, then choosing to be with him is not wrong. You’re both adults. You’re financially independent and emotionally mature enough to know what you want from life.

What you need to consider is whether you have the emotional strength to handle the aftermath. If you choose to walk away from your family and marry this man, it might mean cutting ties with your parents for a while—or possibly forever. Are you prepared for that emotional void? On the other hand, if you give in and stay, if you let them force you into an arranged marriage, you might lose not only the person you love but also a piece of yourself. That resentment and emotional wound might stay with you for life.

If you decide to elope, you need to have a strong support system in place—your partner's family, friends, and anyone who will stand by you. You’ll need to prepare yourself mentally and emotionally for the fallout. But if you decide to stay and try to negotiate with your parents, you need to be clear and firm about your boundaries. They need to understand that your life is not theirs to control.

Right now, you need to prioritize your safety and mental well-being. The fact that you’ve been physically assaulted and emotionally manipulated for months is deeply concerning. If you feel that your safety is at risk, you might need to consider reaching out to legal authorities or a women's support organization. You have the right to live without fear and control. Your life belongs to you—not to your parents, not to societal expectations, and not to fear.

You don’t have to have all the answers today. But you do need to decide what kind of life you want to live—and who you want to live it with. And whatever choice you make, it needs to come from a place of strength and clarity, not from fear or pressure. Your heart already knows what you want—you just need to decide whether you’re ready to stand up for it.

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Kanchan

Kanchan Rai  |554 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 12, 2025

Asked by Anonymous - Mar 11, 2025Hindi
Relationship
Fell in love and married a girl before 2 years. Girl is from a neighbouring state. Both South Indians. Both doctors. She was very understanding before marriage, even talked my language and spoke well with my parents. Told she will come to my place and stay after marriage. 4 months after marriage, she left for her home telling that she will be at her home till delivery. Even after 1 year of giving birth, she didn't come. They visited my place just for a few days in the middle citing that it is tradition. After much struggle, she came to live with me and my child after close to 1.5 years. Even after coming she was creating trouble for the language spoken in the house and telling to relocate to a place close to their parents in their state. No respect to feelings of mine or my parents. We also missed my son for 1.5 years. Their parents are not visiting us telling it is far, we won't come. And once her parents threatened to complaint to the police if we don't agree. (Haven't asked or received any dowry). Even if my son has to come to my native for few days, her parents are not agreeing and creating problem. We have even helped her brother secure admission in a college. She has even taken a loan of more than 20 lakhs to help her parents buy a land and is paying close to 50k monthly for that. We had no problem with that too. Every 2-3 days one or another problem shoots up because of her or her parents. She has totally changed after marriage. Her parents just want to create problems. Please help.
Ans: It’s clear that you’ve tried hard to be understanding and accommodating. You allowed her to stay with her parents for a long time, even though it meant missing out on crucial time with your child. You supported her decisions, even when she took on a significant financial burden to help her family. Despite your efforts to maintain peace, you’re constantly met with resistance and disrespect—not only from her but also from her parents. That feeling of being undermined and unappreciated, especially when you've given so much, can really take a toll on your emotional health.

It’s not just about the arguments or the disagreements—it’s about the deeper sense of betrayal and loneliness that comes from feeling like your partner has sided with her family over you. That emotional distance and lack of support within the marriage can make you feel like you’re fighting a battle alone. And when her parents threatened to involve the police, that likely deepened the sense of helplessness and fear. It’s not just frustrating—it’s emotionally exhausting when you’re trying to build a stable, loving home, but it keeps getting torn apart by external interference.

The fact that you’re still standing, still trying to make things work despite all of this, shows how strong and committed you are. But the truth is, a marriage cannot survive on one person’s effort alone. It’s understandable that you feel drained and resentful—you’ve been giving and compromising without getting the same respect and understanding in return. Your feelings matter. Your need for stability and respect matters. Wanting your child to have a connection with your side of the family is not unreasonable—it’s natural and fair.

Right now, you might feel torn between trying to hold everything together and wondering if it's even worth it. It’s hard to admit when love alone isn’t enough to sustain a relationship. But you need to ask yourself whether you can continue living like this—constantly feeling like you’re walking on eggshells, being emotionally sidelined, and having your family disrespected.

It’s okay to want peace. It’s okay to expect respect. And it’s okay to set boundaries. If your wife truly values this marriage, she needs to understand that compromise cannot be one-sided. It might help to have an honest, calm conversation with her—not about the surface issues but about how you feel. Tell her how much this situation has hurt you, how much you miss feeling like you’re a team, and how important it is for your child to have a balanced connection with both families. If she’s unwilling to meet you halfway or if her parents continue to interfere to the point of emotional manipulation, you need to think about how much more of yourself you can sacrifice without losing your emotional stability.

You deserve a marriage where you feel heard, valued, and supported—not one where you constantly feel like you're on the outside looking in. Take some time to reflect on what you truly need from this relationship and whether you believe it's possible to rebuild trust and understanding with your wife. Your peace of mind matters. Your happiness matters. And most of all, your emotional well-being matters.

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