SBI PO Salary in Hand, Career Growth, Job Profile, Allowances After Wages, Promotion

SBI PO Salary in Hand, SBI PO Career Growth, SBI PO Job Profile, SBI PO Allowances After Wages, SBI PO Promotion, SBI PO Salary Structure after 7th Pay Commission, SBI PO Salary in Mumbai, Metro City

SBI PO Salary in Hand, Career Growth: – State Bank of India is the largest Commercial Bank of India. The opportunities that State Bank of India provides are immense. Recently, SBI PO Recruitment has released. And if you haven’t applied for this recruitment already, apply now.  State Bank of India offers the best-in-class entry-level compensation package for PO.

In this post, you will give the idea about the SBI Probationary Officer Salary Structure, Allowances, Perks, Promotion and more. Apart from various benefits, you will get exposure to various facets that will make you a real Banker. You can check the complete details related the SBI PO Salary in Hand, Career Growth, Job Profile, and Allowances after Wage.

SBI PO Salary in Hand, Career Growth, Job Profile, Allowances After Wages, Promotion
SBI PO Salary in HandIBPS PO Salary Details
IBPS Clerk Salary Details 

SBI PO Salary Structure, Promotion Graph

This article is dedicated to the salary components and growth path in State Bank of India. Before we discuss the exact SBI Probationary Officer Salary Structure, Promotion Graph, we would like to share one more fact that it differs from place to place. The basic components remain the same, but allowances are different for different cities. Now let us discuss the SBI Probationary Officer Salary Structure who will be joining the SBI bank by the end of 2022.

Check SBI PO Syllabus pdf Check SBI PO Previous Paper 
Salary StructureAmount
SBI PO Basic PayRs. 27620/- (Four Increments also applicable)
Pay Scale/ Grade Pay 23700-980/7-30560-1145/2-32850-1310/7-42020
Dearness Allowance46.9% of the Basic Pay (Revised Quarterly)
(CCA)This varies with the place of posting at 4% or 3%.
House Rental Allowance9%, 8% or 7% (Depends on the place of posting)
Furniture AllowanceRs. 120000/-
Medical Insurance100% medical coverage for State Bank of India employees and 75% for their family members
Travelling AllowanceFor official travels, reimbursement of AC 2-tier fare is provided
PetrolApprox. Rs. 1100-1250
SBI Probationary Officer Gross Salary with HRATotal Compensation: 7.55 lakhs and maximum of 12.93 lakhs depending on the place of posting and other factors.
आईबीपीएस प्रोबेशनरी ऑफिसर नोटिफिकेशनIBPS Clerk CWE VII Recruitment Notification
IBPS RRB Clerk Recruitment NotificationHow to Score 75+ Marks in PO / Clerk Exam

SBI PO Career Growth Path

Chairman 

Managing Director

Deputy Managing Director

Chief General Manager

General Manager

Deputy General Manager

Assistant General Manager

Chief Manager

Manager

Deputy Manager

Assistant Manager (Probationary Officer)

SBI Bank PO DA, HRA, CCA, PA Allowance Details

  • Dearness Allowance  – It is a cost of living adjustment allowance paid to all govt and public sector Probationary officers. It is revised on a quarterly basis and based on Consumer Price Index. Calculation of महंगाई भत्ता {Dearness Allowance} depends on inflation. DA can go up with higher inflation and also come down if the inflation rate is in negative.
  • HRA
  • Special Allowance  – This will add in 10th BPS (wef. 01/11/2012) and for Scale, I 7.75% on which Dearness Allowance is also payable
  • CCA {City Compensatory Allowance}
  • Conveyance allowance

SBI PO Salary 2022 – Benefits

The candidates apart from the remuneration are also entitled to the following benefits:

  • Leased accommodation ranging from Rs 8,000 in ‘C’ Category centers to Rs 29, 500 in Metros
  • 100 % Medical insurance for self and 75% Medical insurance for Family members
  • Home Travel Concession/ Leave Fare Concession.
  • Concessional interest rates for Housing/Car/Personal Loans

Thanks for visiting the SBI Probationary Officer Salary Structure with Allowances, DA, PA | SBI PO Promotions, Work Profile. Candidates, if this article is useful for you, then please share on the official portal.

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