SBI PO Salary INCREMENT in PO/MT Salaries, Probationary Officer Pay Scale, Perks, Allowances after Revision

SBI PO Salary

Good News! Remarkable ‘INCREMENT’ In SBI PO Salary, We all knows that the getting hired at bank jobs offers one a lifelong safety and to grab the same there are various job seekers applying and preparing for State Bank Of India PO Exam. So job appliers, who are concerned about the SBI Probationary Officer/MT Pay Scale, can check the complete structure of salaries provided by them. Apart from the remuneration, they are also entitled to the Perks, Allowances that are well discussed on below section of this page. We have also gathered updated information about SBI PO Salary about After Revision salary and other perquisites of PO. 

One of the biggest banks of India that is State Bank Of India provides the most eye-catching facilities to its officers at PO level such as Accommodation up to Rs.29, 500/-, Attractive Salary, Perks and Lease house facility, Revelation of employees, No service boundations and the most highlighting one is the best in class entry level compensation package. Well, Probationary Officer acquires the designation of an Assistant Manager (AM) on Probation and it is an initial level of any officer in a bank and candidates inquire this question that Will they get any salary during their Probation period?? So the answer for them is Yes, all shortlisted aspirants PO posts will be on a probation period of two years and for this they will get salary given above during probation as well.

Now the other question arises in our mind that is what is the SBI PO Salary Package?  So the well structured table related to State Bank Of India PO Salary In Hand is given below by the team of www.resultinbox.com. By going through this table you can know about SBI Probationary Officer Salary after Revision and all other allowances that are given to the Probationary Officer by SBI Bank.

SBI PO Salary

For the post of Probationary Officer, State Bank Of India provides impressive amount of pay scale in the starting that is Rs.27,620/- (with 4 advance increments) in the scale of Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I along with the various perquisites and allowances such as Dearness allowance, House Rent Allowance/Lease Rental, C.C.A, Medical and many other facilities provided to them which are well discussed below. On the other hand, if the candidates get their posting in Mumbai or in any other Metropolitans towns they will get approximately Rs 72000-100000 depending on place of posting inclusive of all benefits. Well, the total compensation per annum on CTC basis would be a minimum of Rs. 7.93 lacks and maximum of Rs 12.95 lacks depending on the place of posting and other factors. Now let’s have a look SBI PO Earnings, deductions and Benefits which are offered to them along with basic pay.

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What Are The Earnings Made By SBI Probationary Officer?

Basic Salary  Rs. 27620
Dearness Allowance*  Rs. 12677
City Compensatory Allowance (CCA)**  Rs. 870
Special Allowance  Rs. 2140
Total Earning Before Deductions  Rs. 43307

Read Here: Private Banks Vs Government Banks

Attention Required!!

Dearness Allowance:

DA is that allowance that revised quarterly that is in the months of February, May, August, and November. Currently DA is 46.9% of the pay scale of SBI Probationary Officer which is basically based on CPI that is Consumer Price Index as declared by the banks, its maintenance is totally depend upon inflation as when it goes up, the ratio of DA also goes up and when inflation falls, DA goes down.

City Compensatory Allowance:

CCA is that type of allowance that is offered by banks or companies to their employees to compensate for the high cost of living in metropolises and large cities. Well same in the case of SBI as it varies with the place of posting at 4% or 3%.

Do you know what deductions that made from SBI PO Salary?

No!!… Then check it from here…

Provident Fund (10% of Basic)  Rs. 2,762
National Pension System (10% of Basic + DA)  Rs. 4,000
Income Tax  As per govt. norms.
Other allowances including Newspapers,

Entertainment allowance, Conveyance etc.)

Rs. 4,130
House Rent Allowance  Rs. 2,486

Check Now: Career In Banking Sector

Now, check out Benefits/Perquisities Provided to PO in SBI!!

In addition to the Emoluments provided to them by the honored bank, they are also get following benefits:

  • 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/-
  • Leased accommodation ranging from Rs 8,000 in ‘C’ Category centers to Rs 29, 500 in Metros
  • Medical insurance for self is 100 % and for family is 75%
  • Home Travel Concession/ Leave Fare Concession
  • Concessional interest rates for Housing/Car/Personal Loans
  • 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
  • Bank offers compensation per annum that is minimum of Rs. 7.55 lacks and maximum of Rs. 12.93 lacks depending on place of posting and other factors to the Probationary Officer posts which includes leased rental accommodation, conveyance allowance etc.

You Can Also Check: Bank PO Salary

Broad Cost to Company (CTC) for Bank PO:

Cost to Company (CTC) Monthly Yearly
Basic Pay 27620.00 331440.00
Special Allowance 2072.00 24864.00
DA 10817.00 141809.00
CCA 870.00 10440.00
Transport allowance 0.00 0.00
Total without HRA 41379.00
HRA 2500.00 30000.00
Gross with HRA 43879.00
Medical aid unlimited unlimited
Entertainment 500.00 6000.00
Newspaper 300.00 3600.00
Petrol 3000.00 36000.00
Telephone 400.00 4800.00
Others 400.00 4800.00
Gross Annual CTC (with HRA but without leased accommodation) 593753.00

You can Check Related Links:

SBI PO Recruitment

SBI PO Syllabus

SBI PO Admit Card

Scales On Promotion From Scale I To Scale VII

Scale I 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Scale II 31705 – 1145 – 32850 – 1310 – 45950 –
Scale III 42020 – 1310 – 48570 – 1460 – 51490 –
Scale IV 50030 – 1460 – 55870 – 1650 – 59170 –
Scale V 59170 – 1650 – 62470 – 1800 – 66070 –
Scale VI 68680 – 1960 – 76520 –
Scale VII 76520 – 2120 – 85000    

Note:

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Check Below Given Links:

SBI Clerk Salary Dena Bank Salaries
SBI Recruitment How to Prepare for SBI PO Exam
Punjab National Bank Salary IBPS PO Salary
 

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