SBI PO salary is the foremost vital reason for candidates to appear for the examination to make their career and future bright in the banking sector. Throughout this article, the Bank PO wage, allowances, and syllabus have been mentioned well. In conjunction with all the perks and allowances provided to an SBI PO, you can also fetch the details regarding the syllabus and preparation for this test. You can make your career stable and secure by sitting and applying for this paper.
As per the official notification 2021-22, the revised basic SBI PO wage is Rs. 41,960/-. There are varied alternative parts within the wage structure for a provisional Officer, which makes this post a fascinating one. To understand additional information regarding the SBI PO examination, aspirants can visit the joined article.
In this article, you will fetch all the mandatory knowledge and facts related to the SBI PO wage structure, wage slip, pay scale, basic pay, in-hand salary, and therefore, the further perks offered to a provisional Officer. So, you should go ahead with this article to acknowledge the SBI PO Salary and other significant information.
Also Read: RBI Assistant Admit Card 2022: How to Download RBI Admit Card and Call Letter?
SBI PO Salary
For the candidates who are searching for job profiles within the banking sector, PO (Probationary Officer) is the most sought-after career opportunity with a substantial career growth possibility and a good salary structure. The SBI Bank PO regular payment is comprehensive of multiple advantages and allowances that each worker is susceptible to.
A probationary Officer has several responsibilities post the coaching, which has the task of handling multiple operations like finance, accounting, billing, investment, revenue assortment, etc. throughout his/ her probation amount.
The post of probationary Officer is one of the most exacting and fascinating jobs in India. Once a year aspirants strive their best to urge the tag of a Bank PO within the banking concern of India. The benefits of obtaining this designation are many-profitable regular payments, handsome perks, and allowances. However, the duty responsibilities of an SBI PO are several. Let’s go ahead to acknowledge and understand the structure and perks of this job profile.
Also Read: RBI Grade B Officer Salary: Let’s Acknowledge the Perks Attached to the RBI Grade B Job Profile!
SBI PO Salary Structure in India
Here is the salary structure of SBI PO in India. You should go ahead and go through the table given below as it is composed of the highlights related to the salary structure. If you will understand the living standard benefits of this job, you will be satisfied to work hard to achieve it with complete determination, discipline, and dedication.
| Basic Pay | Rs 41,960/- (Increment in 4 stages) |
| 1st Increment | Rs. 36000-1490/7 |
| 2nd Increment | Rs. 46430-1740/2 |
| 3rd Increment | Rs. 49910-1990/7 |
| 4th Increment | Rs. 63840 |
| Dearness Allowance | 46.9% of the basic pay |
| City Compensatory Allowance(CCA) | 3% or 4%(depending on the place of posting) |
| Leased House Accommodation | Minimum- Rs 8000/-(Rural)
Maximum- Rs 29500/-(Urban) |
| Medical Insurance | 100% for employees
75% for families |
| Travelling Allowance | Reimbursement for AC-2Tier (Exclusively for official travels) |
| Petrol | Rs 1100-Rs 1300( in case of absence of personal vehicle) |
| Miscellaneous | Rs 4000/- |
| Total Compensation (Annually) | 7.5 lakhs to 12.9 lakhs |
| Loan Benefits | Concession on interest rates |
SBI PO Salary Deduction
| 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 In-hand Salary
The initial in-hand salary of SBI PO ranges between Rs. 52000- Rs. 55000 per month with the basic pay of Rs. 41,960. The Gross compensation received lies between 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum. The SBI Probationary Officers are eligible for Lease Rental/ HRA, DA, Medical, CCA, and other allowances besides basic pay. The amount varies with the location of the job posting.
Increment in Salary
SBI PO year-wise Increment is given here.
| Period | Increment | Basic Salary |
| First 7 years | Rs. 1490/- | Rs. 36,000/- |
| Next 2 years | Rs. 1740/- | Rs. 46,430/- |
| Another 7 years | Rs. 1990/- | Rs. 63,840/- |
SBI PO Career Growth
Well, becoming a Bank PO in the SBI Bank is quite fruitful for the candidates. They get multiple perks and allowances along with additional benefits and a good salary. Moreover, the aspirants must also acknowledge the most prominent career growth in this sector.
#. Deputy Manager
#. Manager
#. Chief Manager
#. Assistant General Manager
#. Deputy General Manager
#. General Manager
#. Chief General Manager
Also Read: SBI PO Result 2022: Let’s Acknowledge How to Check SBI PO Final Result 2021-2022?
SBI PO 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 Perks
Apart from the allowances given above, the other advantages of the salary include the given points. Read them carefully.
#. Medical insurance (100 percent self and 75 percent for family members)
#. Cashless treatment in selected medical facilities around the country
#. Newspaper allowance
#. Books and magazines allowance
#. Petrol allowance
#. House maintenance allowance
#. Telephone bill reimbursement
#. Entertainment allowance
#. Concessionary interest rates for House #. Loan, Car Loan, and Personal Loan
#. New pension scheme contribution
#. Leave Travel Concessions (LTC)
Also Read: ECGC Bank Recruitment 2022 Notification: Know the Application Process, Vacancy and Eligibility
SBI PO Prelims Syllabus
| Quantitative Aptitude Syllabus | Reasoning Syllabus | English Syllabus |
| Simplification/ Approximation | Alphanumeric Series | Reading Comprehension |
| Profit & Loss | Directions | Fill in the blanks |
| Mixtures & Alligations | Logical Reasoning | Cloze Test |
| Permutation, Combination & Probability | Data Sufficiency | Para jumbles |
| Work & Time | Ranking & Order | Vocabulary |
| Sequence & Series | Alphabet Test | Paragraph Completion |
| Simple Interest & Compound Interest | Seating Arrangement | Multiple Meaning /Error Spotting |
| Surds & Indices | Coded Inequalities | Sentence Completion |
| Mensuration – Cylinder, Cone, Sphere | Puzzle | Tenses Rules |
| Time & Distance | Syllogism | |
| Data Interpretation | Blood Relations | |
| Ratio & Proportion | Coding-Decoding | |
| Number Systems | Input-Output | |
| Percentage | Tabulation |
SBI PO Mains Exam Syllabus
| Data Analysis & Interpretation | Reasoning | General/Economy/Banking Awareness | English Language | Computer |
| Tabular Graph | Verbal Reasoning | Current Affairs | Reading Comprehension | Internet |
| Line Graph | Syllogism | Financial Awareness | Grammar | Memory |
| Bar Graph | Circular Seating Arrangement | General Knowledge | Verbal Ability | Keyboard Shortcuts |
| Charts and Tables | Linear Seating Arrangement | Static Awareness | Vocabulary | Computer Abbreviation |
| Missing Case DI | Double Lineup | Banking Terminologies knowledge | Sentence Improvement | Microsoft Office |
| Radar Graph Caselet | Scheduling | Banking Awareness | Word association | Computer Hardware |
| Probability | Input Output | Principles of Insurance | Para Jumbles | Computer Software |
| Data sufficiency | Blood Relations | Error spotting | Computer fundamentals/terminologies | |
| Let it Case DI | Directions and Distances | Cloze Test | Networking | |
| Permutation and Combination | Ordering and Ranking | Fill in the Blanks | Number System | |
| Pie Charts | Data Sufficiency | Operating System | ||
| Coding and Decoding | Basic of Logic Gates | |||
| Code Inequalities | ||||
| Course of Action | ||||
| Critical Reasoning | ||||
| Analytical and Decision Making |
Also Read: ECGC PO Salary: Check Out the Syllabus, Job Profile, Perks, and ECGC PO Salary!
Conclusion
We hope that this article has given you the required data and information related to the salary, perks, deduction in salary, in-hand wage, and allowances provided in this job profile. If you need more information regarding SBI bank or other bank exams and civil services papers, you need to navigate to the UPSC Pathshala website.
This website has all the required details for the bank and civil services aspirants. Also, the experts are always available to help you with your queries and disturbing direction. So, visit the website to make your dreams come true.
