SBI PO Salary 2021 | Check Job profile and Career Growth

State Bank of India (SBI) is the most reputed banking sector. If you are one of the people looking to work in the banking sector then SBI is the right one to choose. In-State Bank of India (SBI), Probationary Officer (PO) jobs are the most reputed ones and have huge opportunities to set up the right career.

The Probationary officers not only hold well-respected position but they are also entitled to various perks and allowances. Hence, a large number of candidates apply to SBI PO jobs every year.

Much would-be thinking what would be SBI job profile and how much would be SBI  PO Salary. So today we have compiled all the information related to SBI PO salary and job profile. Go through the blog to know more.

SBI PO Salary

SBI PO Salary 2021 is the main attraction for the SBI PO Aspirants. The SBI PO Salary is one of the highest-paid salaries in the banking sector. There are thousands of candidates who compete for this amazing post.

Along with the SBI PO Salary 2021, the selected aspirants also become eligible for various other opportunities such as perks and allowances.

  • The starting basic pay for SBI PO is Rs. 27,620/- (with 4 advance increments). The pay scale is Rs. 23700-980/7- 30560-1145/2-32850-1310/7-42020.
  • The total SBI PO Salary per year will be a minimum of Rs 8.20 lakhs and a maximum of Rs 13.08 lakhs (depending on the place of your posting and other factors).

Apart from the salary, SBI Probationary officers are eligible for various allowances which are explained below.

The basic salary of SBI PO is Rs 27,620. There are various increments included during the tenure of the officers. They are also eligible for various Allowances and benefits. In addition to this during the period of their service, they are eligible for various growth opportunities and could get promoted to the highest level in the SBI.

However, the roles and responsibilities include various practices which require a lot of attention and determination. But one cannot deny that the job of SBI PO is amazing. Also, it is informed to the candidates that the salary scale will differ and it depends on the location of the employee. 

SBI PO Salary structure | Pay Scale

Apart from the basic pay of Rs 27, 620/-, the SBI  PO Salary structure includes other allowances which are explained in the below table.

SBI PO follows the government pay structure. In the Junior Management Grade Scale-I, the basic salary is Rs 27,620 (with 4 advance increments).
The pay scale of SBI PO is:-

23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020

Period  

SBI PO Basic Salary  

Increment  

For the first 7 years  

23700 

980 

For the next 2 years  

30560 

1145 

Another 7 years  

32850 

1310 

 

42020 

 

Thus we can look that the total compensation per annum for an SBI PO Including the perquisites comes to a minimum of Rs 7.55 lakhs and a maximum of Rs 12.93 lakhs depending on the posting location and other factors.

SBI PO Salary | Parks and Facilities

The various Allowances which SBI PO is eligible for are:-

Allowance Description
Dearness Allowance (DA) The DA is calculated based on the Consumer Price Index (CPI) and is revised every quarter. You can expect your DA to be around 46 percent of the basic pay. However, it will go up or down based on inflation.
City Compensatory Allowance (CCA) This is calculated based on your city of posting and ranges between 3 to 4 percent of the basics.
Leased House Accommodation / House Rent Allowance (HRA) This too depends upon the city of your posting and can vary from Rs 8000 (in rural areas) to Rs 29,500 (in Mumbai).
Travel Allowance (TA) SBI PO gets reimbursement of travel costs for official travels.
Furniture Allowance Rs 1,20,000 for the purchase of furniture.

Apart from the salary, SBI offers various benefits for employees which include

  • Medical insurance (100 percent for SBI PO and 75 percent for family members)
  • Cashless treatment in selected medical facilities around the country
  • Newspaper allowance
  • Books and Magazine allowance
  • Petrol allowance
  • House maintenance allowance
  • Telephone bill reimbursement
  • Entertainment allowance
  • Concessionary interest rates for House Loan, Car Loan, and Personal Loan

SBI PO Job Profile

The SBI PO Job Profile is highly versatile. The officers may demand to engage in clerical work according to the needs. All this should be taken in good spirits and must be seen as a great way to learn new things.

Eventually, when you will have to take up a managerial profile, you can’t expect to pull it off properly unless you have a clear understanding of how things are done at the bottom level.  

  1. During the period of the probation period, the common tasks are gaining knowledge of various banking aspects, customer service, supervision of clerical work, loan processing, etc.  
  2. Training to the employees has been provided in various fields such as Retail Banking, Advances, Rural Banking, during the probation period.  
  3. After the Selection, the candidate is directly sent to the branch allowed after meeting the PM of the circle.  
  4. Specialization training is also given to candidates during the probation period.  
  5. Thus after the screening procedure, the qualified candidates are confirmed as the Officer Middle Management Grade Scale-II.   

SBI PO Salary 2021 | Career growth  

The candidates who got selected as the SBI PO are eligible for various career growth options. However, such selected candidates have to go through a probation period of 2 years.

During the probation period, candidates will be assessed for their performance. Those candidates who qualify in the assessments determined by the bank will be confirmed as Junior Management Grade Scale-I. After this selection, the Candidates are promoted to higher posts such as:-  

  1. Deputy Manager  
  2. Manager  
  3. Chief Manager  
  4. Assistant General Manager  
  5. Deputy General Manager  
  6. General Manager  
  7. Chief General Manager  

We have covered complete details on SBI PO Salary 2021. If you have any queries, feel free to ask in the comment section below!   

FAQs: SBI PO Salary 2021 

1. What is the SBI PO Salary ?

The basic pay for SBI PO is Rs 27,620.

2. What is the SBI PO Pay Scale ?

The pay scale of SBI PO is:-
23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020

3. What is the in-hand-salary of SBI PO ?

The in-hand salary of the SBI PO after making all the certain deductions gets Rs 42,000 – 44,000/-.

4. What is the age relaxation given to OBC (non-creamy layer) ?

the age relaxation given to OBC (non-creamy layer) is 3 years.

5. What is the age relaxation given to SC/ST candidates?

The age relaxation given to SC/ST candidates is 5 years.

6. What is the age limit for SBI PO Exam?

The age limit for SBI PO Exam is 21 to 30 years.

Leave a Comment