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SBI Bank PO salary: The State Bank of India has invited applications from eligible candidates to fill the 2000 vacant posts as the probationary officer across India in the previous year. SBI PO notification is the much-anticipated recruitment process for those who wish to pursue a career in the banking sector. Heavy paycheck and job security will add glamour to this position. Every year lakhs of candidates are applying for this post. Eligible graduates can now apply against the 2023 SBI PO notification through the official websites. Let’s check the important detail in the official notification. In this blog, we will discuss SBI PO Salary 2023.
Attempt a free full-length mock test for SBI PO 2023 Prelims.
SBI PO Salary Structure 2023
Here are details of the SBI PO 2023 Salary, SBI PO basic pay, SBI PO starting salary, SBI PO salary in hand, SBI PO pay scale, SBI PO grade pay as per SBI PO 2022 Notification. Check here for the SBI PO salary 2023
- The basic pay starts for a Probationary Officer at SBI starts at INR 27,620 (with 4 advance increments) in the scale of INR 23,700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020 that is applicable to the JMGS-I (Junior Management Grade Scale-I).
- Additionally, the PO will be eligible for Dearness Allowance (D.A.), House Rent Allowance (H.R.A.) (or Lease Rental), City Compensatory Allowance (C.C.A.), Medical Allowance, and other allowances, as per the norms of the company.
- The gross emoluments for a Probationary Officer (PO) at SBI would range from INR 8.2 lakhs per annum to a maximum of INR 13.02 lakhs per annum depending on the city they are posted in.
SBI PO Inhand Salary 2023
SBI PO salary in hand is Rs 52000 to 55000 INR in-hand Salary.
SBI PO Salary Slip
SBI PO Allowances and Other Benefits 2023
| 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 |
Get the latest SBI PO Exam Updates here
SBI PO Perks 2023
- Contribution Pension Scheme/New Pension Scheme.
- Medical Aid for self as well as for family.
- LTC.
- Home Travel Concession
- Leave Fare Concession.
- Concessional interest rates for Housing/Car/Personal Loans.
SBI PO Year Wise Increment 2023
| SBI PO 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 Promotions 2023
Here is the SBI PO promotion pattern. The candidates can check here for the SBI PO promotion pattern and check the wide range of possibilities that are awaiting. The initial phase of the PO can move forward to manager, the chief manager later managing director and finally chairman. Thus, this position is the stands as highly demanding and appealing for the bank job aspirants.
SBI PO Syllabus and Exam Pattern 2023
From the notification date, there will be a 20-day window for the candidates to complete their application. Let’s check the tentative dates for SBI PO 2023.
| SBI PO Notification 2023: Important Dates | |
| Events | Dates |
| SBI PO Notification 2023 Release Date | 6 September 2023 |
| SBI PO Apply Online | 7 September 2023 |
| SBI PO Apply Online Last Date | 27 September 2023 |
| SBI PO Prelims Exam Date 2023 | November 2023 |
| SBI PO Mains Exam Date 2023 | December 2023/ January 2024 |
Check here for SBI PO mock test 2023
SBI PO Vacancy 2023
SBI PO Vacancy 2023 has been released with the SBI PO 2023 Notification PDF. In the following table, candidates can check category wise SBI PO Vacancy.
| SBI PO Vacancy 2023 | |
| Categories | No. of Vacancies |
| SC | 300 |
| ST | 150 |
| OBC | 540 |
| EWS | 200 |
| General | 810 |
| Total | 2000 |
Attempt a free full-length mock test for SBI PO 2022 Prelims.
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 2023.
- 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.
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 upcoming examinations. Start your 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 2023 Prelims.
