SBI PO is one of the most reputed jobs for which every aspirant dreams off. The salary package in SBI is more compared to other Public Sectors Banks in the country. Candidates appearing for the exam must be wondering about SBI PO salary. Candidates selected as Probationary Officers in SBI not only hold a very reputed position but also are entitled to various perks and allowances.
At present, the starting basic SBI PO salary is Rs 27,620 (with 4 advance increments). Candidates are also eligible for DA, HRA/Lease rental, CCA, Medical, and Other allowances.
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| 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) |
| Miscellaneous | Rs 4000/- |
| Total Compensation (Annually) | 7.5 lakhs to 12.9 lakhs |
| Loan Benefits | Concession on interest rates |
SBI PO Job Profile & Promotion
Being the most prestigious bank of the country, the employees ought to get the best from the job. SBI conducts promotion exams annually, that increases the job standard(profile), position and salary. Thus, a PO gets a good exposure in overall term of his career. A two year probation needs to be served by the SBI PO. After that, the promotion positions 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
SBI PO Salary – Queries
What is the starting salary of SBI PO?
The starting SBI PO salary is Rs. 27,620/- (basic pay) which is followed by four increments. The pay scale of a Probationary Officer is 23700-980/7-30560-1145/2-32850-1310/7- 42020.
What is in hand salary of an SBI PO?
An SBI PO gets a total of Rs 40000 to 42000 INR in-hand Salary.
What benefits are provided apart from the SBI PO salary?
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