SBI PO salary is one of the most important reason for candidates to look for a career in the banking sector. In this article, the SBI Bank PO salary has been discussed in detail along with all the perks and allowances provided to an SBI PO.
For aspirants seeking jobs in the banking sector, PO (Probationary Officer) is the most sought-after job with a huge career growth option. The SBI Bank PO salary is inclusive of multiple benefits and allowances that every employee is provided with.
For details on other bank exams, candidates can check the linked article.
Currently, the basic SBI PO Salary in India is around Rs.27,620/-. There are various other components in the salary structure for an SBI PO 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.
SBI PO is one of the demanding and desirable jobs in India. Every year aspirants try their best to get the tag of the Probation officer in 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.
SBI PO Salary in India after 7th Pay Commission
The new bank PO salary after the 7th pay commission for all the banks will be effective from November 2019. Employees can expect a good hike in the SBI PO salary after 7th pay commission.
Candidates who are looking forward to fill 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 major aspects of the SBI PO Salary structure in India are given below:
|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.
SBI PO Career Growth
Along with the SBI Bank PO salary, there are various allowances and perks that a Probationary Officer in SBI is provided with. Also, in terms of career growth, the SBI PO is one of the most sought after posts. The career growth post PO designation is very long. Aspirants can think of a great career in the future once they get this post of SBI PO.
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.