Aspirants who want to work for SBI as a PO should read this article to learn about the benefits they would receive after five years.
As you may be aware, the State Bank of India has issued a job circular to fill Probationary Officer (PO) positions. Because of the rich wage structure and employment description, this position attracts thousands of applicants. In this article, you will learn about the SBI bank PO salary after 5 years. Check out the dates and preparation tips to be ready for the exam.
SBI PO Salary 2021
The beginning base salary for Junior Management Grade Scale-I is Rs. 41,960 (with four advance increments) on the grade of 36000-1490/7-46430-1740/2-49910-1990/7-63840.
The official will also be entitled for D.A., H.R.A./Lease rental, C.C.A., Medical, and other allowances and benefits as determined by the rules in effect at the time. The information of SBI bank PO salary after 5 years are mentioned here.
SBI PO Salary Structure 2021
| Particulars | SBI PO Salary 2021 |
| Basic Pay | Rs. 41,960 |
| Special Allowance | Rs. 6,881 |
| DA | Rs. 12,701 |
| Location Allowance | Rs. 700 |
| Learning Allowance | Rs. 600 |
| HRA | Rs. 2,937 |
| Gross Salary | Rs. 65,780 |
| Deduction (PF/Income Tax/Professional Tax/Pension) | Rs. 12,960 |
| Net Salary | Rs. 52,820 |
Also Read: Do’s and Don’ts in Bank PO Exam: Let’s Know the Effective Tips for the UPSC Preparation
SBI PO Salary after 5 Years
After 5 years, your SBI PO salary will be Rs. 41,960, which is an increase of Rs. 4900 above your base wage. The only item that varies on a yearly basis is the increase in your salary’s base salary.
SBI PO Salary 2021 Deductions
| Particulars | Amount |
| PF Contribution | Rs. 4,196/- |
| Income Tax | Rs. 3,290/- |
| Professional Tax | Rs. 200/- |
| Contributory Pension Fund | Rs. 5,274 |
| Total Deductions | Rs. 12,960 |
SBI PO Salary 2021 Allowances
| Allowance | Amount |
| Dearness Allowance | 26% of the Basic Pay |
| City Compensatory Allowance | 3% – 4% depending on location |
| House Rent Allowance | 7% – 9% depending on Place of Posting |
| Furniture Allowance | Rs. 1,20,000 |
| Medical Insurance | 100% covered for employee | 75% covered for dependent family |
| Travelling Allowance | AC 2-tier fare is reimbursed to the employee for official travels |
| Petrol Allowance | Rs. 1,100 – 1,250 |
| Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. | Varies based on Cadre |
SBI PO Promotion Stages
The steps of promotion for SBI Probationary officers are listed below.
# Assistant Manager (PO)– scale 1
# Deputy manager– scale 2
# Manager– scale 3
# Chief Manager– scale 4
# Assistant General Manager– scale 5
# Deputy General Manager– scale 6
# General Manager– scale 7
# Chief General Manager– scale 8
# Deputy Managing Director– scale 9
# Managing Director– scale 10
# Chairman– scale 11
IBPS PO 2021 Notification Out
On the 19th of October 2021, IBPS released the recruitment announcement for IBPS PO 2021. The online application procedure will begin on October 20, 2021, and will run through November 10, 2021.
Candidates will be selected based on their performance in the preliminary test, main exam, and interview round. The test dates have also been declared by the IBPS. According to the advertising, the IBPS PO prelims exam 2021 will be held on December 4th and 11th, 2021.
Important Dates
| Events | Date |
| IBPS PO 2021 Notification | 19th October 2021 |
| IBPS PO Online Registration Process | 20th October 2021 |
| IBPS PO 2021 Prelims Exam Date | 4th &11th December 2021 |
| IBPS PO Prelims Result | December/January 2022 |
| IBPS PO Mains Admit Card | January 2022 |
| IBPS PO 2021 Mains Exam Date | January 2022 |
| IBPS PO Mains Result | February 2022 |
| Conduct of Interview | February/March 2022 |
| IBPS PO 2021 Provisional Allotment | 1st April 2022 |
Candidates who have already taken the prelims test are urged to begin their preparations as soon as possible since there is not much time left to improve their chances of passing the mains.
Also Read: How to Prepare a Resume for a Bank PO Interview? Step by Step Guide to Format Resume
IBPS PO 2021 Apply Online
On the IBPS’s website, it has been announced the notification and test dates for IBPS PO 2021. On October 20, 2021, the online registration procedure will begin. The application link for IBPS PO 2021 is provided here. Candidates can apply directly using the URL provided below. Click here to apply now.
IBPS PO 2021 Application Fee
The fee structure for IBPS PO online application is listed below each category. It should be reminded that once fees/intimation charges have been paid, they cannot be returned or put in reserve for any future test or selection. Check to see if the application cost must be paid online. Check out the whole guide to IBPS PO Application for additional information.
Sr. No. |
Category |
Application Fee |
1 |
SC/ST/PWD | Rs.175 |
| 2 | General and Others | Rs. 850 |
IBPS PO 2021 Major Participating Banks
#1. Punjab National Bank
#2. Union Bank of India
#3. Bank of India
#4. Indian Bank
#5. Canara Bank
#6. Indian Overseas Bank
#7. Central Bank of India
#8. UCO Bank
#9. Bank of Baroda
#10. Punjab & Sind Bank
#11. Bank of Maharashtra
Bank Exam Syllabus
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Also Read: Inequality Questions for Bank PO: Tips to Solve Quantitative Questions in Bank Exams
Bank PO Exam Pattern
| IBPS PO | ||||
| Sections | Number of Questions | Marks | Time Duration | |
| Preliminary Exam | English Language | 30 | 30 | 20 minutes |
| Quantitative Aptitude | 35 | 35 | 20 minutes | |
| Reasoning Ability | 35 | 35 | 20 minutes | |
| Mains Exam | English Language | 35 | 40 | 40 minutes |
| Quantitative Aptitude | 35 | 60 | 45 minutes | |
| Reasoning Ability | 45 | 60 | 60 minutes | |
| General Awareness | 40 | 40 | 35 minutes | |
| Descriptive Paper | 2 | 24 | 30 minutes | |
| IBPS RRB PO | ||||
| Preliminary Exam | Quantitative Aptitude | 40 | 45 minutes | |
| Reasoning Ability | 40 | |||
| Mains Exam | English/Hindi Language | 40 | 2 hours | |
| Quantitative Aptitude | 40 | |||
| Reasoning Ability | 40 | |||
| General Awareness | 40 | |||
| Computer Knowledge | 40 | |||
| SBI PO | ||||
| Preliminary Exam | English Language | 30 | 30 | 20 minutes |
| Quantitative Aptitude | 35 | 35 | 20 minutes | |
| Reasoning Ability | 35 | 35 | 20 minutes | |
| Mains Exam | English Language | 35 | 40 | 40 minutes |
| Quantitative Aptitude | 35 | 60 | 45 minutes | |
| Reasoning Ability | 45 | 60 | 60 minutes | |
| General Awareness | 40 | 40 | 35 minutes | |
| Descriptive Paper | 2 | 50 | 30 minutes | |
| Interview | — | — | 30 | — |
| Group Discussion | — | — | 20 | — |
IBPS Vacancy
| Name of the Bank | Vacancies 2021 |
| Bank of India | 588 |
| Punjab and Sind Bank | 427 |
| UCO Bank | 440 |
| Bank of Maharashtra | 400 |
| Canara Bank | 650 |
| Central Bank of India | 620 |
| Indian Overseas Bank | 98 |
| UCO Bank | 440 |
| Union Bank of India | 912 |
| Total | 4135 |
Bank PO Preparation Books
| Book | Author |
| Magical Book on Quicker Mathematics | M Tyra |
| Quantitative Aptitude for Competitive Examinations | RS Aggarwal |
| Data Interpretation | Arun Sharma |
| Objective Mathematics for Competitive Examinations | Tarun Goyal |
| Modern Approach to Verbal Reasoning | RS Aggarwal |
| Analytical Reasoning | MK Pandey |
| Word Power Made Easy | Norman Lewis |
| Lucent General Knowledge | Lucent Publications |
| Advance Maths for General Competitions | KD Publications |
| Quantitative Aptitude for Competitive Examinations | Abhijit Guha |
| Objective Mathematics | Rai Publications |
| A New Approach to Logical Reasoning | Arihant Publications |
| The Person GK Manual | Pearson Publications |
| General Studies | Arihant Publications |
| General Knowledge | Made Easy Publications |
| Descriptive General English | S P Bakshi and Richa Sharma |
| Arihant’s Fast Track Objective Arithmetic | Arihant |
| SSC Reasoning Chapterwise | Kiran Publications |
| A New Approach to Reasoning Verbal and Non-Verbal | Arihant Publications |
| Quantitative Aptitude & Reasoning | Made Easy Publications |
| Objective English | S. Chand Publications |
| DGP English | Dhillon Group of Publications |
| Banking Awareness | Arihant Publications |
| Hand Book on Banking Awareness | IBC Academy Publications |
| Basic Banking & Financial Issue | Upkars Publications |
| Current Affairs | Made Easy Publications |
| Dhankar Current Affairs | Dhankar Publications |
| Competition Infocus | Arihant Publications |
Also Read: SBI PO Last Date to Apply 2021: Latest Information on the Probationary Officer Job Exam
Bank PO Preparation Tips
Make Notes
Making and reading brief notes on the units can help you remember them. It will be useful for going over the chapters again before the exam. When you’ve finished reading the sections, make a list of the most significant topics. This is a powerful method of keeping knowledge for a long time.
Follow a Strategy
Your IBPS PO preparation would not be complete until you create a habit of practising on a regular basis. Solve as many IBPS PO practise papers as you can. Solve past years’ question papers to get a sense of the question pattern and the importance of each section’s problems.
It’s better to start with the easy questions and work your way up to the more difficult ones. Aspirants must practise and review those areas of the exam that they find challenging.
Improve the Time Management Skills
Candidates should start with the questions that are easiest for them; otherwise, they will have to invest additional time on the more difficult questions. As a result, you won’t be able to finish the questions in the time allotted. As a result, in addition to accuracy, applicants must improve their speed in order to finish the exam on time. As a result, practising in a timed way is preferable.
Take IBPS PO Mock Tests
Taking a full-length practise exam will help you improve your test-taking skills. One can identify their strengths and weaknesses based on the performance analysis and concentrate on the weak spots further. As a result, students would be able to increase their IBPS PO test marks. Candidates will feel very confident before the examination and will be able to complete it quickly.
Conclusion
By now, you have got all the information regarding SBI bank PO salary after 5 years and all the exam notifications. Read all the bank PO preparation tips carefully to do your preparations effectively. Do you want to know how you can improve your preparation and crack the upcoming bank exams? If yes, check out UPSC Pathshala PO online course now.
Also Read: IBPS PO Last Date to Apply 2021: Check Out the Eligibility, Process, Fee and More
This article has given me all the relevant information related to my future.
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