SBI PO Salary 2020

SBI PO Salary is an attraction to the aspirants. With the release of the job opportunity each year and high package paid than other nationalized banks, a lot of candidates compete for this post. Let us look at the salary details of SBI PO, which is a major reason for the large number of applicants. The article describes the complete salary structure, In Hand salary, Allowances, Perks & Job Profile of SBI PO.

SBI PO 2020 Official Notification & Apply Online Link

SBI PO Salary Structure

The beginning salary, basic pay of SBI PO is Rs 27620. With four advance increments in the compensation size of 23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020. This means the PO will get a basic of Rs 23700 with an increment of Rs 980 for the next 7 years, followed by a basic of Rs 30560 with an annual increment of Rs 1145 for the next two years and so on. The maximum basic salary will be Rs 42020.

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

The salary includes a number of allowances that contributes to the total sum. These are some standard allowances that a Probationary officer in SBI gets along with the basic amount. These include:

Allowance Amount
Dearness Allowance 46.9% of the Basic Pay
City Compensatory Allowance 3% – 4% depending on location
House Rent Allowance 7% – 9% depending on Place of Posting
Furniture Allowance INR 1,20,000
Medical Insurance 100% covered for employee | 75% covered for dependent family
Travelling Allowance AC 2-tier fare is reimbursed to the employee for official travels
Petrol Allowance INR 1,100 – 1,250
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. Varies based on Cadre
sbi-po

SBI PO Perks

An SBI PO enjoys the following perks:

SBI PO Job Profile & Promotion

Being the most prestigious bank of the country, the employees ought to get the best from the job. SBI conducts promotion exams annually, that increases the job standard(profile), position and salary. Thus, a PO gets a good exposure in overall term of his career. A two year probation needs to be served by the SBI PO. After that, the promotion positions are as follows:

SBI PO Salary 2020

SBI PO Salary is an attraction to the aspirants. With the release of the job opportunity each year and high package paid than other nationalized banks, a lot of candidates compete for this post. Let us look at the salary details of SBI PO, which is a major reason for the large number of applicants. The article describes the complete salary structure, In Hand salary, Allowances, Perks & Job Profile of SBI PO.

SBI PO 2020 Official Notification & Apply Online Link

SBI PO Salary Structure

The beginning salary, basic pay of SBI PO is Rs 27620. With four advance increments in the compensation size of 23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020. This means the PO will get a basic of Rs 23700 with an increment of Rs 980 for the next 7 years, followed by a basic of Rs 30560 with an annual increment of Rs 1145 for the next two years and so on. The maximum basic salary will be Rs 42020.

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

The salary includes a number of allowances that contributes to the total sum. These are some standard allowances that a Probationary officer in SBI gets along with the basic amount. These include:

Allowance Amount
Dearness Allowance 46.9% of the Basic Pay
City Compensatory Allowance 3% – 4% depending on location
House Rent Allowance 7% – 9% depending on Place of Posting
Furniture Allowance INR 1,20,000
Medical Insurance 100% covered for employee | 75% covered for dependent family
Travelling Allowance AC 2-tier fare is reimbursed to the employee for official travels
Petrol Allowance INR 1,100 – 1,250
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. Varies based on Cadre
sbi-po

SBI PO Perks

An SBI PO enjoys the following perks:

SBI PO Job Profile & Promotion

Being the most prestigious bank of the country, the employees ought to get the best from the job. SBI conducts promotion exams annually, that increases the job standard(profile), position and salary. Thus, a PO gets a good exposure in overall term of his career. A two year probation needs to be served by the SBI PO. After that, the promotion positions are as follows: