SBI PO Post Salary

I want to do job of Probationary Officer PO in State Bank of India (SBI) so tell me the salary structure of Probationary Officer PO in this bank? Tell me the other allowance and the perks offered to PO? Is salary structure of PO may varies from bank to bank?

Can you tell me about the salary for PO (Probationary Officer) Post in SBI (State Bank of India) as I want to know about it before applying for the Post?

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SBI (State Bank of India) recruits qualified candidates every year for PO (Probationary Officer) Post which is one of the most demanding posts among the aspirants as it is the first step to enter the bank and serve as an officer.


SBI PO in Hand Salary

Approximately, a total of Rs 40000 to 42000 Salary is the monthly in-hand salary of SBI PO. The Gross compensation received lies between 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum. The amount varies with the location of job posting.


SBI PO Allowances

Dearness Allowance
This is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently, DA is 46.9% of the basic pay.

City Compensatory Allowance (CCA)
This varies with the place of posting at 4% or 3%.

Leased House Accommodation
SBI PO may take a house on lease, the amount of which varies with posting between a minimum of. Rs. 8000/- (in rural areas) and a maximum of Rs. 29500/- (in Mumbai)

Furniture Allowance
Rs. 120000/- for the purchase of furniture

Medical Insurance
100% medical coverage for SBI employees and 75% for their family members

Travelling Allowance
For official travels, reimbursement of AC 2-tier fare is provided

Petrol
50 Lts (For 2 wheelers) Or 55 Lts (For 4 Wheeler) Or Approx. Rs. 1100-1250 if you don't have 2/4 wheelers (conveyance allowance)

Apart from the perks and benefits mentioned above, SBI PO also enjoys numerous monthly perks like tea & coffee, newspaper allowance, cleaning & labor, entertainment, etc. which is 4000/- approx.

He also gets loans at concessional rates from the State Bank of India for car, home, and other personal loans.

Travel concession or leave fare concession is also given to the SBI PO.



SBI PO Job Profile & Promotion
SBI conducts a promotion exam annually that increases the job profile, position and salary. Thus, a PO gets a good exposure in overall career. Two year probation needs to be served by the SBI PO. After that, the promotion positions are as follows:

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