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SBI PO Salary: In hand Salary, Structure, Job Profile, Perks

SBI PO Salary : In hand Salary, Structure, Job Profile, Perks

SBI PO exam is most popular among the candidates who want to do job in banking sector. Banking candidates dream of working for the post of probationary officer in SBI. SBI conducts examination for recruitment of PO in bank every year. State Bank of India is the largest bank in India, working with which is a matter of pride for any candidate. Through this article, we will tell you what is the In Hand Salary, Salary Structure, Job profile and Perks of an SBI PO. Banking exams are very popular among students because they have good salary structure, good job profile and perks pay scales with job security. Good income is very important for a better life. That is why when students start preparations for a competitive exam, they first check the pay scale of various government jobs. We will discuss SBI PO salary and growth in detail here, so that you can understand everything related to Probationary Officer.


SBI PO Salary: In hand Salary, Structure, Job Profile, Perks
SBI PO Salary: In hand Salary, Structure, Job Profile, Perks

SBI PO 2020: Expected dates, Syllabus, Salary, Exam Pattern

What is SBI PO Salary in Hand :

In hand salary means the salary that is received after the necessary taxes and all other deductions. SBI PO gets a total of 45000 to 50000 In hand salary. Total annual salary Rs. 8.20 lakhs (minimum) to Rs. 13.08 Lakhs (maximum) is approx. Salary also varies according to posting. SBI PO Salary Structure:Basic salary of SBI PO is Rs 27620. Four advance increments are included according to Pay Scale 23700-980 (7) - 30560 - 1145 (2) - 32850 - 1310 (7) - 42020. For the total basic pay, this amount is increased by Rs 980 for the next 7 years to Rs 23700, and for the next two years basic salary of Rs 30560 with an annual increment of Rs 1145. The maximum basic salary is 42020 rupees.  

Basic Pay Rs 27620/- ( Increment in 4 stages-1st Increment- Rs. 23700-980/7 2nd Increment-Rs. 30560-1145/2 3rd Increment- Rs. 32850-1310/7 4th Increment- Rs. 42020
Dearness Allowance (DA) 76.10% of the Basic Pay (Revised Quarterly)
(CCA) This varies with the place of posting at 4% or 3%.
HRA 9%, 8% or 7% (Depends on the place of posting)
Furniture Allowance Rs. 120000/-
Medical Insurance 100% medical coverage for SBI employees and 100% for their family members
Travelling Allowance For official travels, reimbursement of AC 2-tier fare is provided
Petrol 80 Ltr/months

SBI PO Allowances:

Another advantage of the job in banking sector is that in addition to salary, many other facilities are also available. Along with basic pay, there are many other perks that SBI PO gets. Which include: Allowance amount 76.10% of basic pay dearness allowance Compensation allowance of the city 3% - 4% by location House rent allowance 7% - 9% depending on posting location Furniture Allowance INR 1,20,000 100% cover medical insurance for the employee. 75% cover for dependent family Travel allowance AC 2-level fare will be provided to the employee for official travel. Petrol Allowance:80 Lts/Months Newspaper allowance, entertainment allowance, books allowance, etc. varies depending on posting.

SBI Probationary Officer Job Profile and Promotion:

Candidates recruited as PO in State Bank of India have many growth opportunities. First of all a PO will have to complete a probation period of 2 years, after which promotion are as follows:
 · Assistant Manager
 ·Deputy Manager
 · Manager
 ·Chief Manager
 · Assistant General Manager
 ·Deputy General Manager
 ·General Manager
 · Chief General Manager
 ·Deputy Managing Director
 ·Managing Director
 ·Chairman

 That is, you have many possibilities for career growth. Therefore, you should make every effort to recruit as SBI PO this year. You should use this time and work hard to get success.  
 

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