SBI PO Salary Structure
Those contenders who want to become Probationary Officer in State Bank of India must know about the SBI PO Salary Structure. On this web page, you will get the complete details about SBI PO Salary in Hand and promotion journey of SBI PO.
By going through the below section, you will come to know about the SBI Bank PO salary after 7th pay commission and the allowances which a PO gets in his working career.
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To select capable contenders against the post of Probationary Officer, the organization conducts preliminary exam/ mains exam/ personal interview/ GD round. On the basis of individuals’ overall performance, they will get selected against SBI PO Recruitment.
Entire details about SBI PO Salary Structure 2018 are structured below by the team of recruitmentresult.com, take a look and come to know about SBI PO salary in hand.
SBI PO Salary Structure
SBI Bank PO Salary:
- Basic Salary = Rs. 27620
- Dearness Allowance = Rs. 12677
- City Compensatory Allowance (CCA) = Rs. 870
- Special Allowance = Rs. 2140
- Total Earning Before Deductions = Rs. 43307
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- PF (10% of Basic) = Rs. 2762
- NPS (10% of Basic + DA) = Rs. 4000
- Income Tax = As per govt. norms.
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SBI PO Gross Salary
Along with the attractive in hand Salary of SBI PO, appointed candidates will also grant various other benefits and allowances as given below, check out the allowances besides SBI PO Salary which an individual gets.
Apart from the initial salary, PO is also suitable for Dearness Allowance which is 36.40% (presently) of Basic Pay =10832 (the resultant amount is a bit higher as you can see due to some additional loading).
Perks and Allowances:
In SBI, an individual will be benefitted of various perks like petrol stipend, newspaper allowance, entertainment stipend, servant allowance etc. The approximate value for all of these allowances lies in the range of Rs. 6000 – Rs. 8000.
45 litres (semi urban or rural centre), 55 litres (Urban)-for Bike 55 litres (semi urban or rural centre), 65 litres (Urban)-for Car
(Population 45 lacs and above>>HRA will be paid at 10%, 12 to 45 lacs>>HRA will be paid at 9%; 5 to 12 lacs>>HRA will be paid at 7.5%;) eg. Delhi ==> 10% of Basic Pay i.e 2762/-.
City Compensatory Allowance (in big cities n metros)- 880 max.
Bank Salary After 7th Pay Commission: Get Details
State Bank of India also provides the purchasing facility to Probationary Officers of 120000+ Service Tax. (You get furniture rent recovery 11000 yearly) for their residence.
- Entertainment Allowance=12000 per Annum
- Tea Coffee Allowance= 2000 per Annum
- BALTI / DABBA (utility) allowance-1800 per annum
The bank also provides the Medical facility to its Probationary Officers. Medical assist for self is regarded to be unlimited that all the medical bills will be paid by bank itself as subject to the bank norms.
Read Also: How to Get Bank Jobs
Provident Fund and Concessional Loans:
PF contribution 2,762.00 (10% of Basic Pay) Contributory Pension Fund 3,768.00 (10% of Basic +DA) Bank also contribute some amount to both PF and NPS. Income tax deduction is separate.
Newspaper and Maid Reimbursement:
Probationary Officers will also get allowance of monthly reimbursement of newspaper cost which is fixed payment being paid towards the charge of one newspaper. Besides this, a fixed monthly amount is remitted regarding the maid allowance that is usually 550 per day.
How to Make? Career in Banking Sector in India
SBI PO Salary Quora
Probationary Officer is the first position of an officer in Bank and the career growth curve is always inclined upwards for the good performers.
Those candidates who will qualify in the test but fail to achieve the determined standards for placement in Middle Management Grade Scale-II, will be confirmed as Officer Junior Management Grade Scale-I.
Trainees who will not be capable in qualifying this process will be terminated here this level only and will not be go for further service process.SBI Bank offers varied opportunities for growth in the Banking sector and as it also includes postings in abroad.
Bank also contains various attractive promotion policies according to which meritorious and exceptionally brilliant officers will get the chance to reach the top level grade of management in a quick way.
Career Journey for SBI PO:
SBI Bank, appoints the eligible candidates, for probation period of two years for giving them intensive training. On completion of their training period, they will be under go through the screening process.
Trained officers who will be considered capable for set standards will be confirmed and will be promoted to next higher level i.e., Officer Middle Management Grade Scale-II and various other posts.
- Probationary Officer
- Deputy Manager (MMGS II)
- Manager (MMGS III)
- Chief Manager (SMGS IV)
- Assistant General Manager (SMGS V)
- Deputy General Manager (TEGS VI)
- General Manager (TEGS VII)
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Candidates can visit the Official Link and they will get the further information about SBI PO Salary Structure 2018. Stay tuned with us or follows us on social media to get latest updates on SBI PO in hand salary 2018.
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