SBI PO salary is one of the most important reasons for candidates to look for a career in the banking sector. In this article, the Bank PO salary has been discussed in detail. Along with all the perks and allowances provided to an SBI PO.
|Is the SBI PO Salary attracting you to apply for the upcoming Probationary Officers Exam??
Refer to the SBI PO Previous Year Question Paper with Solutions and analyse the examination thoroughly.
Also, take a look at the below-mentioned links and start your preparation:
To know more about the SBI exams, candidates can visit the linked article.
For aspirants seeking jobs in the banking sector, PO (Probationary Officer) is the most sought-after job with a considerable career growth option. The SBI Bank PO salary is inclusive of multiple benefits and allowances that every employee is liable to get.
Currently, the basic SBI PO Salary in India is around Rs.27,620/-. There are various other components in the salary structure for a Probationary Officer, which makes this post a desirable one.
A Probationary Officer has many responsibilities post the training, which includes the task of handling multiple operations such as finance, accounting, billing, investment, revenue collection, etc. during his/ her probation period.
The post of a Probationary Officer is one of the demanding and desirable jobs in India. Every year aspirants try their best to get the tag of a Bank PO in the State Bank of India. The advantages of getting this designation are many- Lucrative salary, handsome perks and allowances. However, the job responsibilities of an SBI PO are many.
To know more about the SBI PO exam candidates can visit the linked article.
This article will give all the relevant details about the SBI PO salary structure and scope of growth that follows.
Also, check the salary structure for various other posts under the banking sector:
SBI PO Salary in India after 11th Barpatite Settlement
The SBI PO salary is set as per the Bipartite Settlement. State Bank of India offers one of the best pay scales in the banking sector, especially to a Probationary Officer. Discussed below is the SBI PO salary based on the Bipartite Settlement.
Candidates who are looking forward to filling in the bank exam forms in the year 2020, can refer to the comparative analysis between Bank PO vs Bank Clerk exam and job profile. Here, candidates will find more details about the SBI Clerk and SBI Bank PO salary, along with the salary details of other banks as well.
The significant aspects of the SBI PO Salary structure in India are as follows:
|SBI PO Salary structure in India|
|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)
|Furniture Allowance||Rs 120000/-|
|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 personal vehicle)|
|Total Compensation (Annually)||7.5 lakhs to 12.9 lakhs|
|Loan Benefits||Concession on interest rates|
For details on other bank salary range, refer to the linked article.
Given below, is the SBI PO salary structure, as mentioned in the SBI PO notification 2020:
SBI PO Career Growth
Along with the SBI Bank PO salary, there are various allowances and perks that a Probationary Officer in SBI is accountable to get. Also, in terms of career growth, this post is one of the most sought after jobs. The career growth post PO designation is very long. Aspirants can think of a great career in the future once they join the largest Public Sector Bank in India.
The fruitful career growth that follows the post of SBI PO is given below:
- Deputy Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
Aspirants applying for the post of IAS officer can check the IAS salary at the linked article.
Frequently Asked Questions for SBI PO Salary
Q 1. What is the in-hand salary of an SBI PO?
Q 2. What is the starting SBI PO salary?
Q 3. What benefits are provided apart from the SBI PO salary?
Ans. Given below is a list of benefits provided to a Probationary Officer, apart from the SBI PO salary:
- House Rent Allowance
- Medical Allowance
- Travel Allowance
- Furniture Allowance
- Loan Benefits
- Dearness Allowance
Apart from the perks mentioned above, petrol/diesel, daily help and other miscellaneous benefits and perks are also provided.