SBI PO Salary | SBI PO Salary Structure | SBI PO Career Growth | State Bank of India | SBI PO Salary in India
Excellent SBI PO Salary and overall career are the reasons candidates should consider a career in banking, especially SBI PO.
This article will discuss the SBI PO salary in greater detail. You will also find all the perks, medical allowances, other allowances, and benefits that an SBI PO gets.
This article will provide information about the SBI PO Salary Structure, Pay Slip, Basic Pay, Pay Scale, In-hand Salary and Other perks for Probationary Officers.
One of India’s most sought-after and demanding jobs is that of a Probationary Officer. Each year, aspirants strive to be a Bank PO at the State Bank of India. This designation has many benefits, including a high salary and generous perks. The job responsibilities for an SBI PO are numerous.
The PO (probationary officer) job is highly sought after and offers a great career opportunity. Every employee is entitled to multiple benefits and allowances as part of the SBI Bank PO Salary.
After training, a probationary officer has many responsibilities. These include the management of multiple operations like finance, accounting and billing, investment, revenue collection, and so on. During his/her probation period.
The State Bank of India has one of the highest pay scales in banking, particularly for a Probationary Officer. The Bipartite Settlement determines the SBI PO’s salary.
The current basic SBI PO Salary is Rs.27620/-. The salary structure for a probationary officer has many other components that make this job attractive.
Below is the SBI PO Salary in Hand, based on the Bipartite settlement.
Candidates who plan to take the bank exam in 2021 can review the comparative analysis of Bank PO and Bank Clerk exam.
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SBI PO Salary Structure in India:
Given below, is the SBI PO salary structure, as mentioned in the SBI PO notification 2020:
SBI PO Salary in India- 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: 46.9% of the basic pay
City Compensatory Allowance (CCA): 3% or 4%(depending on the place of posting)
Leased House Accommodation: Minimum- Rs 8000/-(Rural)
Maximum- Rs 29500/-(Urban)
Medical Insurance: 100% for employees
75% for families
Travelling Allowance: Reimbursement for AC-2Tier (Exclusively for official travels)
Petrol: Rs 1100-Rs 1300 (in case of absence of 0personal vehicle)
Miscellaneous: Rs 4000/-
Total Compensation (Annually): 7.5 lakhs to 12.9 lakhs
Loan Benefits Concession on interest rates
SBI PO Career Growth
A Probationary Officer at SBI can get a variety of perks and allowances in addition to the SBI Bank PO Salary. This post is also highly sought-after in terms of career advancement. There is a lot of career growth after being designated as a PO. If you join India’s largest Public Sector Bank, you can expect a rewarding career.
Below are some examples of the rewarding career opportunities that follow the SBI PO post:
Assistant General Manager
Deputy General Manager
Chief General Manager
FAQs for SBI PO Salary
Q 1. What is the average salary for an SBI PO?
Ans. This salary could be different for employees who work in different locations.
Q 5. What is the HRA in SBI PO salaries?
Ans. SBI PO is a transferable position. Therefore, SBI pays the rent to its employees who are posted in any town or village. The job posting will determine which employee receives a different HRA.
Q 2. What is the starting salary for a SBI PO?
Ans. The pay scale of a Probationary Officer/ Management Trainee is 23700-980/7-30560-1145/2-32850-1310/7- 42020.
Q 3. What other benefits are available besides the SBI PO salary?
Ans. Below is a list of the benefits that a Probationary Officer receives, in addition to the SBI PO salary.
House Rent Allowance
Other than the perks listed above, you will also receive petrol/diesel, daily
assistance, and other miscellaneous benefits.
Q 4. What is the SBI PO medical allowance?
Ans. 100% for employees & 75% for families
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