SBI PO Salary 2024: Revised In Hand Salary, Pay Scale, Salary Slip

SBI PO salary is inclusive of multiple benefits and allowances that employees are liable to get. The revised basic SBI PO salary is INR 41,960. Besides, the basic SBI Scale 1 salary, candidates are also entitled to various allowances, perks and benefits. The post is of Junior Management Grade Scale-I. SBI PO pay scale is INR 36,000-1490/7-46430-1740/2-49910-1990/7-63840. The Gross compensation offered to candidates lies between INR 8.20 Lakhs (minimum) to INR 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 salary of candidates also depends on the place of posting.

The probationary officers working in SBI enjoys a good salary package. The salary of those working in the private sector banks in the same position are offered less salary. The emoluments and benefits given to SBI PO are attractive compared to PO in private sector banks. The revised basic SBI PO salary is INR 41,960. Besides, the basic SBI Scale 1 salary, candidates are also entitled to various allowances, perks, and benefits. The post of Probationary Officer is one of the most demanding and desirable jobs in India. The PO in SBI is responsible for multiple operations such as finance, accounting, billing, investment, revenue collection, etc.

The in-hand salary of a Probationary Officer at the SBI becomes INR 52,820 after deductions from the gross salary which is INR 65,780. The salary of SBI PO after deductions is given below.

Presently, the starting basic pay is INR 48,480 (Plus 4 advance increments) in the scale of 48480-2000/7-62480-2340/2-67160-2680/7-85920 applicable to Junior Management Grade Scale-I. The official will be eligible for DA, HRA, CCA, PF, Contributory Pension Fund i.e., NPS, LFC, Medical Facility, Lease rental facility etc. and other allowances & perquisites as per rules in force from time to time. The approximate CTC at initial scale of at Mumbai Centre is INR 18.67 Lakh.

SBI provides an annual performance bonus to its employees, including POs, based on their performance during the financial year. The bonus amount is determined by factors such as individual performance, team performance, branch performance, and overall bank performance.

SBI PO basic salary is INR 48, 480 (with 4 advance increments). This pay scale is applicable for Junior Management Grade Scale-I. The amount varies as per the place of posting. Employees posted in cities like Mumbai, Delhi, and Kolkata get comparatively more. Candidates are also entitled to the following benefits and allowances: Basic Pay Dearness Allowance City Compensatory Allowance (CCA) Leased House Accommodation Furniture Allowance Medical Insurance Travelling Allowance Petrol. The pay scale is INR 48480-2000/7-62480-2340/2-67160-2680/7-85920 applicable to Junior Management Grade Scale-I.

SBI PO salary structure is given below. Basic Pay-INR 41,960 Special Allowance-INR 6,881 DA-INR 12,701 Location Allowance-INR 700 Learning Allowance-INR 600 HRA-INR 2,937 Gross Salary-INR 65,780 Deduction (PF/Income Tax/Professional Tax/Pension)-INR 12,960 Net Salary-INR 52,820. The structure of SBI PO salary is given below.

SBI PO salary slip help candidates to know the break-up between the gross pay, allowances, deductions and net pay. The gross SBI PO salary will be the sum of your basic pay and allowances. From the gross pay, if you take out the deductions, you can come to know the net SBI PO salary in hand per month. Also, you can check the break up of allowances clearly from the SBI PO salary slip 2024. Thus, the SBI PO salary slip will give you a clear idea regarding the emoluments. SBI PO salary slip is given below.

The initial basic SBI PO salary is INR 41,960 (with four advanced increments). This means PO gets a basic of INR 36000 with an increment of INR 1490 for the next seven years, followed by a basic of INR 46430 with an annual increment of INR 1740 for the next two years, and so on. The maximum basic salary will be INR 63840. The pay scale of a Probationary Officer/ Management Trainee is INR 36000-1490/7-46430-1740/2-49910-1990/7-63840. For aspirants seeking jobs in the banking sector, SBI PO is one of the most sought-after job with a considerable career growth option. SBI PO salary is inclusive of multiple benefits and allowances that every employee is liable to get.

On joining, the selected candidates will be designated as Probationary Officers and may be on probation for two years. They will be subjected to continuous assessment, as per Bank’s extant policy, during the probation period. Those candidates who qualify in the assessment as per standards determined by the Bank from time to time, will be confirmed in the Service of the Bank in Junior Management Grade Scale-I (JMGS-I).

SBI PO exam is conducted in three phases-prelims, Mains, and group exercises and interview. The prelims exam comprises English Language, Quantitative Aptitude, Reasoning Ability. The total marks allotted to the prelims exam are 100. The mains exam comprises both subjective and objective-type tests. The total marks allotted to the mains exam are 250. The final selection is done on the basis of Mains exam and group exercises and interview. Candidates are also required to appear for the psychometric test before group exercises and interview. The performance in the psychometric test is shared with the interview panel. The psychometric test is qualifying in nature. The Group Exercises and Interview carries 50 marks.

Candidates selected to the post of Probationary Officers are eligible for DA, HRA/Leave rental, CCA, Medical and other allowances and perquisites. SBI offers a very lucrative salary package compared to other public sector banks. The total package of SBI PO is INR 8.20 Lacs (minimum) and INR 13.08 Lacs (maximum) depending on the place of posting. The details regarding the allowance are given below.

On joining, the selected candidates will be designated as Probationary Officers and may be on probation for two years. They will be subjected to continuous assessment, as per Bank's extant policy, during the probation period. Those candidates who qualify in the assessment as per standards determined by the Bank from time to time, will be confirmed in the Service of the Bank in Junior Management Grade Scale-I (JMGS-I).

The selected candidates at the time of joining are required to execute a Bond for a value of 2.00 Lacs ( Two Lacs only) to serve the Bank for aminimum period of three years. The Bond is invoked by the Bank if the candidate resigns from the service of the Bank before expiry of three years from the date of joining.

SBI PO 2024-25 is given below for different categories.

In 2021, a total of 2056 vacancies were unannounced. The number of regular vacancies were 2000. The total number of backlog vacancies were 56. A total of 810 vacancies were unannounced for General category, 200 for EWS, 540 for OBC, 150 for ST and 300 for SC. SBI PO 2021 vacancy break-up is given below.

In 2020, a total of 2000 vacancies were unannounced for SBI PO exam. Out of the total vacancies, a total of 810 vacancies were unannounced for General category, 200 for EWS category, 540 for OBC, 150 for ST, 300 for SC. SBI PO 2020 vacancies are given below.

In 2022, a total of 1673 vacancies were unannounced for SBI PO. A total of 648 vacancies were unannounced for General category, 160 vacancies were unannounced for EWS category, 432 vacancies were unannounced for OBC category, 120 vacancies were unannounced for ST category and 240 vacancies were unannounced for SC category. The category-wise total number of vacancies are given below.

In 2019, a total of 2000 vacancies were announced for Probationary Offices (PO) post. Out of the total vacancies unannounced, 300 are for SC, 150 for ST, 540 for OBC, 200 for EWS and 810 for general category candidates. There were no backlog vacancies unannounced in this year. SBI PO 2019 vacancy break-up is given below.

Yes, the post of probationary officer in the State Bank of India is considered a government job. This is because the government of India has a 57.6% shareholding in SBI bank. As a result, the SBI is treated as a public sector bank and its employees are treated as government employees. However, it is very different from a typical government job in many aspects, as the government does not completely own SBI. If you want to apply for an SBI PO job, then you can visit this page to know in detail about the SBI PO exam process.

Candidates shortlisted for SBI PO are required to undergo training regarding the basic banking knowledge before joining as Probationary Officer. At the time of the joining, candidates are required to sign a bond of INR 2 lakh. They need to serve the bank for a minimum of three years. After the probationary period, candidates are confirmed to the post of Junior Manager Grade Scale I (JMGS-I). The promotion positions offered to candidates are as follows:

• Assistant Manager
• Deputy Manager
• Chief Manager
• Assistant General Manager
• Deputy General Manager
• General Manager
• Chief General Manager
• Deputy Managing
• Director Managing
• Director Chairman