SBI PO SALARY 2020-21: Check In-hand Salary,Perks & Promotions

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 PayRs 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 Allowance46.9% of the basic pay
City Compensatory Allowance(CCA)3% or 4%(depending on the place of posting)
Leased House AccommodationMinimum- Rs 8000/-(Rural)
Maximum- Rs 29500/-(Urban)
Furniture AllowanceRs 120000/-
Medical Insurance100% for employees
75% for families
Travelling AllowanceReimbursement for AC-2Tier (Exclusively for official travels)
PetrolRs 1100-Rs 1300( in case of absence of personal vehicle)
MiscellaneousRs 4000/-
Total Compensation (Annually)7.5 lakhs to 12.9 lakhs
Loan BenefitsConcession 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

SBI PO SYLLABUS 2021 (Click here)

SBI PO PREVIOUS YEAR QUESTION PAPER (Click here)

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