CTC Of SBI PO

Hello sir, I am RAmandeep Singh. I am from Bathinda. I want you to help me by giving me some information about the Cost to Company (CTC) of State Bank of India (SBI) Probationary Officer (PO). Can you give me some details about it?

[Shaleen]

As you have asked about the Cost to Company (CTC) of State Bank of India (SBI) Probationary Officer (PO), I am giving you information about it
The revised /initial starting basic pay is Rs.23700/- (4 additional increments will also apply) in the pay scale of 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale – I.
The official will also be eligible for D.A., H.R.A., C.C.A & Special allowances.

Dearness Allowance (DA):
The new revised current DA is 39.80 % of the Basic Pay

House Rent Allowance (HRA): Depends on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.

Capital Cost Allowance (CCA): Depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%.

Special Allowance: This has been added in 10th BPS (w.e.f 01/11/2012) and for scale I is 7.75% on which DA is also payable.

The above information indicates that the total salary of a PO on joining at a metro city will be around Rs. 42000/-.

MONTHLY YEARLY
Basic Pay 27620.00 331440.00
Special
Allowance 2072.00 24864.00
DA 10817.00 141809.00
CCA 870.00 10440.00
Transport allowance 0.00 0.00
Total without HRA 41379.00

HRA 2500.00 30000.00
Gross with HRA 43879.00

Medical aid unlimited unlimited
Entertainment 500.00 6000.00
Newspaper 300.00 3600.00
Petrol 3000.00 36000.00
Telephone 400.00 4800.00
Others 400.00 4800.00

Gross Annual CTC (with HRA but without leased accommodation) 593753.00