salary of sbi po , sbi po salary 2023 sbi po salary slip sbi po salary after 5 years ,sbi po salary slip sbi po salary sbi po salary slip 2023 sbi po salary after 5 years, SBI PO Salary Structure , SBI PO In Hand Salary , SBI PO Allowances , SBI PO Perks , SBI PO Job Profile & Promotion – State Bank of India (SBI) is a largest public sector bank in India. Being a biggest public sector bank, people are expecting better salary, lucrative perks and better future growth as compared to peers. SBI facilitated all the mentioned facility. Those aspirants who are focusing to make their career in banking sector, have dreams to work with India’s largest nationalized public sector bank. SBI Probationary Officer (PO) is a one of the prestigious and most sought career in India in the field of government job. The reason behind this is the in hand salary, lucrative perks, better future prospects and respect in the family & in the society.Every year larger number of banking aspirants give their best to get the tag of largest public sector bank of India. Let see the salary structure of the SBI PO, which is the major reason for the large number of applicants.
SBI PO Salary Structure
||SBI PO Basic Salary
|Every year for first 7 years
|Every year For the next 2 years
|Every year for Another 7 years
SBI PO Allowances
- House rent allowance :- For rural area posting Rs 8000/-(Minimum) and For urban area posting Rs 29500/-(Maximum) and The bank pays rent directly to the owner of the house.
- Allowance for OPD treatment (Non hospitalisation)- The PO can claim bills of upto 2k per month for OPD treatment.
- Dearness Allowance- Officer will get 46.9% of the basic pay.
- City Compensatory Allowance(CCA)- Officer will get 3% to 4%(depending on the location of the posting)
- Medical Insurance- 100 percent coverage for the employee and 75 percent coverage for the dependent.
- Furniture Allowance- 1.20 lakhs plus GST ( For electronic furniture it’s 60 thousand plus GST which is reinstated after 3 years and for non- electronic it’s 60 thousand plus GST which is reloaded after 5 years.)
- Furniture maintenance allowance – 11 thousand If you taken at least 1/3rd of furniture allowance.
- Travelling Allowance- The bank will reimburse upto AC-2 tier ticket for only official purpose.
- Petrol allowance- 45 to 55 litres based on the location of your posting.
- Entertainment allowance – 3 thousand in every three month.
- Loan Benefits- Employee of SBI will eligible for the loan based on simple interest.
- Miscellaneous- Around 4000/-
||20000/- at Ahemadabad
SBI PO Salary Deductions
|PF (10% of Basic)
|NPS (10% of Basic+DA)
||As Per Govt. Norms
Total SBI PO Salary In Hand after Deductions
- Salary before deduction- 55468.2/-
- Salary After Deduction- 47685.2/-( Not deducted Income Tax)
SBI PO Annual Package
The minimum cost to company (CTC) 8.2 lakhs and maximum CTC is 13.08 laks,. The variation totally depends on the place of posting
SBI PO Job Profile SBI PO Work
The Aspirants Who Crack This Prestigious Exam Joined Sbi as Probationary Officer. Initial Two Years of Joining They Go Under the Training and Learn the Functioning of Various Department of Sbi
- During the training PO get different types of activities to be familiar with banking and banking culture. They also give training in various department like Marketing, Billing, Accounting and Investment, Finance etc.
- After completion of two year training officer either join as an assistant manager or deputy manager, its totally depends on performance during training.
- Officers are responsible for certain management task like as verification of documents, supervising the work of bank staff, management of cash, new developments in the banking sector, handling and addressing the customer complaints, issue of Cheque, ATM cards etc.
- Once the officer gain some experience he/she will responsible of budgeting, processing of loan, planning and management related task, Marketing etc.
SBI PO Salary 2022 Joining, Training & Career Path
Along with handsome salary and allowances, there are immense opportunities to grow. The promotion in SBI is fast as compared to others government job. After completion of two year training, candidates need to give a confirmation exam. I he/she performed good, he/she directly join as scale-2 officers i.e. deputy manager else he/she join as scale-1 officer i.e. assistant manager.
- Assistant manager
- Deputy manager
- Chief manager
- Assistant general manager
- Deputy general manager
- General manager
- Chief general manager
- Deputy general manager
- Managing director