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SBI PO salary: SBI-PO (State Bank of India Probationary Officer) salary is a major attraction for banking aspirants, that is why thousands of candidates compete for this job opportunity every year in the Competition for this post is strong with annual release of SBI PO vacancies and above salary offered than other nationalized banks. However, many applicants may not be aware of the recent changes in SBI PO salary structure. Read on to know the updated SBI PO salary for SBI PO, job profile, career advancement opportunities, benefits and promotion possibilities.
SBI PO Salary 2024
SBI PO salary is one of the major reasons for candidates to enter the banking industry apart from the security, lucrative benefits and support. The first basic salary of an SBI Probation Officer is Rs. 41,960 (with 4 increments). As modified in the bilateral case, the maximum pay of the examination officer with four increments advance is 36000-1490/7-46430-1740/2-49910-1990/7-63840. This means that the PO will have a basic of Rs. 36000 up by Rs. 1490 for the next 7 years, followed by an original Rs. 46430 with an annual growth of Rs. 1740, the next two years, and so on. The maximum basic salary of an examiner in SBI Bank can be Rs. 63840 is.
SBI PO Salary Structure
1: What does the acronym "ATM" stand for in banking?
SBI Probation Officer (PO) hand salary starting from Rs. 52000 to Rs. 54000. As per the revised SBI PO salary scale has been fixed below, those candidates who are dreaming for SBI Probation Officer job opportunities should know the SBI PO salary enhancement.
| SBI PO Salary Structure in India | |
| Parameters | Amount (INR) |
| 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 |
SBI PO Salary Deduction
SBI PO means INR. 65,780, the following monthly deductions will be made after which the policyholders will have at their disposal SBI PO Bank salary of Rs. 52,820 shares. See SBI PO salary deduction as detailed below.
| 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 |
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SBI PO In-Hand Salary
SBI PO payments start manually from Rs. 52000- Rs. 55000 per month with basic salary of Rs. 41,960 shares. The gross remuneration was increased from Rs.8.20 lakh (minimum) to Rs. 13.08 lakh per annum (maximum). SBI probationary officers are eligible for allowances like lease rent/ HRA, DA, medical, CCA etc. in addition to basic salary. The amount varies according to the location of the project.
SBI PO Salary Increment
The SBI POs will be awarded a yearly increment which is fixed for a particular period. Check the below table to learn about the SBI PO Increment cycle.
| SBI PO year-wise Increment | ||
| 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 Job Profile & Promotion
The candidates who are shortlisted for SBI PO posts ought to undergo training concerning the simple banking expertise before joining as Probationary Officers. At the time of joining, the applicants need to sign a bond of Rs. 2 lakhs and serve the bank for at least three years. After the probation length, the applicants could be confirmed as Junior Manager Grade Scale I (JMGS-I)
Being the maximum prestigious bank of the country, the personnel need to get the excellent from the process. SBI conducts promotion tests annually, that increases the job wellknown(profile), function and income. Thus, a PO receives top exposure in the common phrases of his career. A two-year probation wishes to be served by way of the SBI PO. After that, the promotion positions are as follows:
1. Assistant Manager
2. Deputy Manager
3. Manager
4. Chief Manager
5. Assistant General Manager
6. Deputy General Manager
7. General Manager
8. Chief General Manager
9. Deputy Managing Director
10. Managing Director
11. Chairman
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SBI PO Allowances
The salary includes several allowances that contribute to the total sum. These are some standard allowances that a Probationary officer in SBI gets along with the basic amount. These include:
| SBI PO Salary 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
Along with the handsome and lucrative in-hand salary, SBI PO also enjoys various perks & benefits which have been listed below:
1. Contribution Pension Scheme/New Pension Scheme.
2. Medical Aid for self (100%) and for family (75%).
3. LTC.
4. Home Travel Concession/ Leave Fare Concession.
5. Concessional interest rates for Housing/Car/Personal Loans.
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As the salary scale is impressive for the PO position and this opportunity widens far more opportunities for the candidates, it is relevant for the bank job aspirants to prepare for it. The candidates can target the upcoming SBI PO exam and make sure to crack it with the best preparation strategies. if you are wondering how there are simple tips that you need to keep in mind when preparing for the SBI exams or any bank exams.
- Bank exams usually follow a pattern and style. Thus, the initial phase can be the analysis of this pattern through the exam pattern and the previous questions. Getting an idea regarding the exam pattern is far more important than anything in the initial phase of preparation. Because you need to know what you are preparing for.
- Then, the candidates can focus on the syllabus as the exam will be solely based on the syllabus given by the SBI in the official notification of SBI PO 2024.
- Ensure to make a perfect study plan for your preparation. The preparation should move as per the study plan to cover all the relevant areas and important points. Sometimes, candidates miss out on certain topics from the syllabus, only because they do not have a perfect study plan. Thus, building a study plan for the SBI PO exam can be said as the sole pillar of the preparation
- After building the study plan as per your time and convenience, you can move further to collect the relevant study materials and video lessons. The candidates can refer to the Entri App for all study materials and video classes on the complete syllabus mentioned in the SBI PO notification. While collecting the study materials from other sources, the candidates need to make sure they are authentic and error-free. At times, in random browsing, you may end up having outdated information on certain subtopics. So, make sure you grab the right study materials
- Getting the proper study materials is not all! prepare well with it and make notes. Also, the tiresome reading can put you in lag, so go for some video classes and animations which are interesting to look at and learn with.
- Get your hands on some mock tests and sample questions to get an idea about the exam. You can also practice with previous questions to boost your confidence.
- If you have certain weak points, like forgetting years or having issues with the reasoning questions, after the mock test you will get a thorough idea about it. Then, you can utilize more time to make your weak areas strong.
- Get indulged in Gk and Current affairs topics to keep updated. If you are looking forward to a long term investment and not just the prelims, this is a must. Read newspaper daily to boost your knowledge of what’s happening around
- You can also make sure you are well to go with your English and communication skills. If you find spoken English hard or nervous about talking in English to someone, go for a spoken English course and get yourself trained to the best.
SBI PO Previous Question Papers
Click here to download SBI PO previous year question paper free pdfs for your practice. Try to solve them, keeping the time limit. We will update more previous year question papers on the upcoming days.
| Previous Question Papers | PDFs |
| SBI PO 2018 Preliminary Exam | |
| SBI PO Prelims Exam 2017 | |
| SBI PO 2015 Preliminary Exam | |
| SBI PO Preliminary Exam 2006 |
That will be all from our end at Entri, hope you have benefited from our mock tests and study materials. Entri wishes you all the best for your sbi po examinations. Start your Sbi Po Exam Preparation today itself. Entri will help you with thousands of questions. Attempt mock tests, analyze yourselves to improve your success rate.
Attempt a free full-length mock test for SBI PO 2024 Prelims
