SBI PO Salary: Aspirants are attracted to the SBI PO Salary. Many people fight for this position since it is advertised every year and pays a higher salary than other nationalised banks. Let’s take a look at the wage information for SBI PO, which is one of the primary reasons for the large number of applicants. This page covers the SBI PO compensation structure, in-hand salary, allowances, benefits, and job profile.
SBI PO Salary Structure
SBI PO’s starting salary, or basic pay, is Rs 27620. The compensation amount is divided into four advance increments: 23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020. This implies the PO will start with a basic of Rs 23700 and a yearly increment of Rs 980 for the following seven years, then a basic of Rs 30560 and an annual increment of Rs 1145 for the next two years, and so on. Rs 42020 will be the maximum basic pay.
SBI PO In Hand Salary
The monthly in-hand remuneration of an SBI PO is around Rs 40000 to 42000. The annual gross remuneration ranges from Rs. 8.20 lakhs (minimum) to Rs. 13.08 lakhs (highest). The amount varies depending on where the job is advertised.
SBI PO Allowances
A number of allowances are included in the pay, each of which adds to the overall amount. Along with the base salary, a probationary officer in the SBI receives the following standard allowances. These are some of them:
| Allowance | Amount |
| Dearness Allowance | 46.9% of the Basic Pay |
| City Compensatory Allowance | 3% – 4% depending on location |
| House Rent Allowance | 7% – 9% depending on Place of Posting |
| Furniture Allowance | INR 1,20,000 |
| Medical Insurance | 100% covered for employee | 75% covered for dependent family |
| Travelling Allowance | For official travels, the employee is compensated for the AC 2-tier rate. |
| Petrol Allowance | INR 1,100 – 1,250 |
| Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. | Varies based on Cadre |
SBI PO Perks
The following benefits are available to SBI POs:
- 1.New Pension Scheme/Contribution Pension Scheme.
- 2.Medical Assistance (100%) for self and family (75 percent ).
- 3.LTC.
- 4.Fare Concession for Home Travel/Fare Concession for Leaving.
- 5.Discounted interest rates on housing, automobile, and personal loans.
SBI PO Job Profile & Promotion
As the country’s most prominent bank, workers should expect to get the most out of their jobs. SBI holds yearly promotion examinations, which raise the work standard (profile), position, and income. As a result, a PO receives a lot of exposure during the course of his career. The SBI PO must complete a two-year probationary period. Following that, the following are the promotion positions:
- 1.Assistant Manager
- 2.Deputy Manager
- 3.Manager
- 4.Chief Manager
- 5.Assistant General Manager
- 6.Deputy General Manager
- 7.General Manager
- 8.Chief General Manager
- 9.Deputy Managing Director
- 10.Managing Director
- 11.Chairman
SBI PO Salary Slip
Overall, working as an SBI PO gives you the opportunity to work for India’s most prestigious nationalised bank and, of course, the federal government. Furthermore, the perks of working for the government are enticing to candidates. Candidates may follow Careerpower, a division of Adda247, to learn more about government jobs and how to prepare for them.
SBI PO Salary 2021- Queries
Q1. What is an SBI PO’s in-hand salary?
In-hand salary for an SBI PO ranges from Rs 40000 to 42000 INR.
Q2. What is the SBI PO’s initial salary?
The initial wage for an SBI PO is Rs. 27,620/- (base pay), with four increments after that. A Probationary Officer’s pay scale is 23700-980/7-30560-1145/2-32850-1310/7-42020.
Q3. What is the SBI PO 2021 salary?
SBI PO 2021 remuneration ranges from Rs. 8.20 lakhs (minimum) to Rs. 13.08 lakhs, as before. The amount varies depending on the location of the employment.
Q4. What is the highest position an SBI PO may hold in the bank?
The highest level an SBI PO may achieve in his or her bank career is Chairman.
