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SBI PO Salary Package | Pay Scale Promotion Perks, SBI PO Salary in Hand

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SBI PO Salary Package

Those candidates who are applying for state bank of India PO Recruitment must check the SBI PO Salary Package. The state bank of India provides satisfied amount of salary for those candidates who appointed on the vacant position.

Here we are discussing SBI PO Pay Scale Promotion and Perks along with SBI PO salary Package in hand. Salary is very important factor for all the employees. Other than salary, state bank of India provides some special allowances.

SBI PO Salary:

State bank of India hires the eligible and deserving candidates through recruitment examination. According to the performance of the employee they will get the promotion from time to time.

We have also provided promotion salary on this page. To know the SBI PO Salary Package, candidates need to read this page which is created by team of www.privatejobshub.in

SBI PO Salary Package

SBI PO Salary:
  • According to this year’s notification regarding SBI PO Salary,
  • The pay scale for SBI PO is Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I.
  • Presently, the starting basic pay is Rs. 27,620/- (with 4 advance increments).
  • Not only this, The official will also be eligible for D.A, H.R.A/Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time. Allowances may vary depending upon the place of posting.
  • The total compensation per annum would be a minimum of Rs. 7.55 lakhs and a maximum of Rs. 12.93 lakhs depending on a place of posting and other factors.
  • Also, SBI plans to offer SMART Compensation Package which would enable candidates a choice to monetize specific elements of the salary package.
Apply Now: SBI PO Recruitment

SBI PO Salary Structure:

Salary Structure
Amount
SBI PO Basic Pay
Rs. 27620/- (4 Increments also applicable)
Pay Scale
Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020
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: 7.55 lakhs and maximum of 12.93 lakhs depending on the place of posting and other factors.

Must Check SBI PO Eligibility Criteria Before Apply

SBI PO Salary Perks
Dearness Allowance:
  • Dearness Allowance (DA) is announced by the Government of India. When inflation is high, DA goes up and when inflation falls, DA goes down.
Housing Allowance:
  • Housing allowance means where employee stays and they don’t have to pay any amount for that.  Due to some reason, if SBI is not able to provide accommodation then employee will get the Housing Rent Allowance (HRA) as a part of your package itself.  
Travel Allowance:
  • The employee of the bank gets the leave travel concession to visit places within India.  
Medical Benefits:
  • SBI provides medical facility to the employee. 100% medical benefits will be given to the employee and 75% for dependent family members. The Bank also provides group insurance that is greater than the compensation package.
Best Preparation Tips:

SBI PO Salary – In Hand
  • In the metro cities, the total salary of SBI PO will be around Rs 27,620/-. On the other hand candidates joining in rural area will be around Rs. 35800 (including HRA).
  • Salary will be different as per the location; we can say that, in SBI salary will be Rs.43000 p.m. (including HRA).
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 

Which is better? SBI PO vs. IBPS PO!

Near about, 16000 branches of SBI are prevailing in India, for which the bank organizes examination to select eligible aspirants for the vacant positions. However, the career path of the Probationary Officer will be based on two years rigorous training. At the end of the training period, trainers have to undergo a screening process, in which those candidates are get selected which fulfill the pre- determined standards.

After screening process, candidates are given placement as Middle Management Grade Scale-II. So there are various advantages, to on go the trail of career in public sector, and join a bank. As jobs in bank, are the most secured jobs ever, that offers high salary, perks and other benefits…

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Dear applicants!!!!!! Hope you find the above conclusion helpful……. Wish you all the luck!!!!! Have a Fruitful Future Ahead…………..

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