State Bank of India (SBI) is the most reputed banking sector. If you are one among the person 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 most reputed ones and have huge opportunities to set up 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. Many 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
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 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 as below.
SBI PO Salary structure
Apart from the basic pay of Rs 27, 620/-, the SBI PO Salary structure includes other allowances which are explained in the below table.
|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 cost 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 has a period of 2 years during which they learn various aspects of banking. This includes supervising clerical activities, customer service, processing loans, opening bank accounts, etc. They will also learn about various fields of banking like Retail Banking, Rural Banking, etc. Apart from this kind of on-site training, Probationary Officers also get trained at SBI training institutes. After completion of the probation period, SBI PO which is Junior Management Grade Scale-I will undergo screening. After qualifying, they will be promoted to Officer Middle Management Grade Scale-II.
SBI PO Career Growth
Probationary Officer => Deputy Manager => Manager => Chief Manager => Assistant General Manager => Deputy General Manager => General Manager => Chief General Manager
As there are numerous opportunities in SBI PO, candidates who are interested in this position must take up the examinations seriously. You can definitely clear all the rounds of SBI PO examination with various SBI PO Study Material available online. Prepare well and score more in all upcoming banking exams.