SBI PO Salary Structure
Check SBI PO Salary Structure from this page!! You will be surprised to know the SBI PO Pay Scale after 7th CPC/Revision and Perks & Allowances. Be the first to know changes in SBI PO Salary after revision. Let’s have a look below…
All the candidates who are appointed as Probationary Officer in State Bank of India and having confusion against SBI PO Salary Structure in Hand, they you can obtain complete information from here. We have disclosed all the information about After Revision salary and other perquisites of PO.
SBI PO Salary after 7th CPC/Revision!!
State Bank of India is one of the most reputed banks of Government of India. The candidates who are selected on Probationary Officer post, they are given an impressive salary with all the benefits by the Government.
To see complete details about SBI PO Salary in Hand and Pay Scale after 7th CPC, You have to scroll down the whole page which is well maintained by the team members of www.recruitmentinboxx.com
SBI PO Salary
Right now, the pay scale of Probationary Officer is starting with basic pay of Rs.27620/- (with 4 advance increments) in the scale of Rs.23700-980 / 7-30560-1145 / 2-32850-1310 / 7-42020 which is valid to Junior Management Grade Scale-I.
|SBI PO Salary Package 2018 in India|
|SBI PO Basic Pay||Rs. 27620/- (4 Increments also applicable)|
|Dearness Allowance (DA)||46.9% of the Basic Pay (Revised Quarterly)|
|(CCA)||This varies with the place of posting at 4% or 3%.|
|HRA||9%, 8% or 7% (Depends on the place of posting)|
|Furniture Allowance||Rs. 120000/-|
|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||Approx. Rs. 1100-1250|
|SBI PO Gross Salary with HRA||Total Compensation: Rs. 7.55 lakhs and maximum of Rs. 12.93 lakhs depending on the place of posting and other factors.|
Which One to Choose? SBI PO vs. IBPS PO
SBI PO Salary after 7th CPC:
|Post||SBI PO Salary|
|Existing Basic Pay||23700||42020|
|SBI PO Revised Basic Pay||57000||104100|
|Annual Increment New||2400/7 – 2900/2 – 3500/7||42020|
SBI PO Salary Quora:
A Probationary Officer would get intensive training of two years under experienced or a particular team which will be selected by the organization. In the end of training period / probation period he / she have to face a screening process.
Do You Know: How To Negotiate Salary With HR
SBI PO Career Growth & Promotion:
Candidates who will qualify the predetermined level then only he / she will be proceeded to further higher positions which will be Officer Middle Management Grade Scale-II, others. Contenders who fail to qualify the said Exam then his / her jobs are to be terminated. Promotions in SBI follow the under mentioned path –
- Probationary Officer (Assistant Manager, JMGS – I)
- Deputy Manager (MMGS)
- Manager (MMGS)
- Chief Manager (MMGS)
- Assistant General Manager (SMGS)
- Deputy General Manager (TEGS)
- Chief General Manager (TEGS)
- General Manager (TEGS)
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SBI PO Salary And Allowances/Perks:
Candidates who are appointed as PO will be able to get Dearness Allowances, H.R.A / Lease rental, C.C.A, Medical and other allowances & perquisites which are varies as per rules in force from time to time.
Complete compensation will be of Rs. 7.55 lacks and maximum of Rs. 12.93 lacks per annum given to the aspirants but this all is depending on place of posting and other situations. State Bank of India is offering various appraisals and a SMART Compensation packages is giving which all are depend on its working performance in the organization.
Dearness Allowance – 36.40 %( presently) of Basic Pay = Rs.10832/- +
Special Allowance – 7.75% of Basic Pay = Rs. 2140
House Rental Allowance – (population 45 lacks and above then HRA would be paid at 10%, if there population is 12 to 45 lacks then HRA shall be paid at 9%; 5 to 12 lacks>>HRA will be paid at 7.5 %;) Let’s we take an e.g. Delhi => 10% of Basic Pay i.e. Rs.2762/-.
City Compensatory Allowance (in big cities n metros)- 880 max.
Petrol – 45 liters (semi urban or rural centre) 55 liters (Urban)-for Bike 55 liters (semi urban or rural centre), 65 liters(Urban)-for Car
Newspaper and magazine – Rs.550/-
Cleansing – Rs. 850/-
Labor Charges – Rs.600/-
Furniture Allowance = Rs.120000/- + Service Tax.
Entertainment Allowance = Rs.12000/- P.A
Tea Coffee Allowance = Rs.2000/- P.A
BALTI/DABBA (utility) allowance – Rs.1800/- P.A
Provident Fund and Concessional Loans- PF contribution 2,762.00 (10% of Basic Pay) Contributory Pension Fund 3,768.00 (10% of Basic +DA) Bank also contribute some amount to both PF and NPS. Income tax deduction is separate.
Check Out For Other Banks: Bank Probationary Officer Salary
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