SBI PO Basic

I want to know the Basic salary of Probationary Officer PO in State Bank of India SBI so can you please tell me?

[Rajkumar Agarwal]

Presently, the starting basic pay of Probationary Officer PO in State Bank of India SBI is Rs. 27,620/- (with 4 advance increments) in the scale of Rs. 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/Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time.

Dearness Allowance (DA): DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India.

The new revised current DA (for the month of November 2015, December 2015 and January 2016 is 39.80 % of the Basic Pay). DA can go up with higher inflation and also come down if the inflation rate is in negative.

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 total salary of a PO on joining at a metro city will be around Rs. 42000/-.

Starting Revised Pay On Joining [As On 1st November, 2016 ]

Major A Class Cities* Area - I* Other Areas

Basic Pay 23700 23700 23700
Special Allowance 1836.75 1836.75 1836.75
DA 12,206.69 12,206.69 12,206.69
CCA 870 600
Transport Allowance 0 0 0

Total (without HRA) 38,613.54 38,343.54 37,743.54

HRA 2133 1896 1659

Gross with HRA 40,746.54 40,239.54 39,402.54