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23rd March 2016, 08:49 AM
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Join Date: May 2012
Re: SBI Psalary scale

State Bank of India offers salaries and remunerations that is at least 14% more than the industry standards.

Salary of SBI PO Officer:-

The starting basic pay is Rs.16,900/-(with 4 increments) in the scale of Rs. 14500-600/7-18700-700/2- 20100-800/7-25700 applicable to Junior Management Grade Scale I.

The official will also be eligible for D.A, H.R.A & C.C.A as per rules in force from time to time. The compensation per annum at Mumbai is around Rs. 8, 55,000/-.

The breakup of monthly compensation is as under:

Cash Component: 36,046/-

Bank’s contribution to PF: 1,690/-

Housing (Lease Rental): 29,500/-

Perquisites:-Conveyance, Newspapers, Entertainment

Allowance, House & Furniture Maintenance etc.:-4,130/-

Benefits for officers –

(i)Medical Aid for self (100%) and for family (75%)

(ii) Home Travel Concession/Leave Fare Concession

(iii) Concessional Interest Rates for Housing/Car/Personal Loans.

Career Path:-

The Probationary Officers will be on probation for two years during which they will be given intensive training.

Towards the end of their probation/training period, they will be subjected to a screening process.

While those Officers who achieve the predetermined standards may be confirmed and given placement in the next higher grade i.e., Officer Middle Management Grade Scale-II, others

The services of those Officers who fail to qualify in this process will be terminated.

Bank provides immense opportunities for growth in the Bank including opportunities for postings abroad.


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