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.

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.

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.

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.

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.

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.

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 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 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.

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