SBI PO Salary 2021

SBI PO Salary: The State Bank of India offers lucrative packages to eligible candidates for the post of Probationary Officer in SBI PO Recruitment. SBI PO Salary includes In-Hand Salary, Allowances, Benefits, and more. SBI PO is considered one of the best government banking jobs in India, due to various allowances, security, and perks. In this article, we have discussed everything related to the Salary, so please read the full in detail.

Also Read: RBI Grade B Syllabus & Exam Pattern 2021

SBI PO Salary 2021

SBI PO Salary 2021 Structure

The basic pay of SBI PO is Rs 27,620. The basic pay refers to the fixed amount of salary, excluding bonuses, and allowance. The starting basic pay with 4 advance increments. i.e., 23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020. Here 7 is the no of years and Rs 980 is the increment for the next 7 years. The next basic pay will be Rs 30,560 with an increment of 1145 for the next 2 years. The maximum basic pay is 42020.

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SBI PO Salary In Hand 

The approx. salary in hand is Rs 40,000 – Rs 42,000. The annual salary lies between 8 lakhs to 13 lakhs depending on the post and location. 

SBI PO Allowances

AllowanceAmount
Dearness Allowance46.9% of the basic pay
City Compensatory Allowance3% or 4%(depending on the place of posting)
House Rent Allowance7% – 9% depending on Place of Posting
Furniture AllowanceINR 1,20,000
Medical Insurance100% covered for employee | 75% covered for dependent family
Travelling AllowanceAC 2-tier fare is reimbursed to the employee for official travels
Petrol AllowanceINR 1,100 – 1,250

SBI PO Salary Benefits

 The perks are discussed below: 

  1. New Pension Scheme.
  2. Medical Insurance for self (100%) and for family (75%).
  3. House maintenance allowance
  4. Home Travel Concession/ Leave Fare Concession.
  5. Concessional interest rates for Housing/Car/Personal Loans.
  6. Much more.

SBI PO Promotion

 SBI PO job offers a good salary, career growth, and social status, which candidates seek. The candidate can get a promotion which is icing on the cake.

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

Frequently Asked Questions for SBI PO Salary

Q1. What is the in-hand salary of SBI PO? 

Ans. The in-hand SBI PO salary is approximately Rs40,000/- to Rs.42,000/-. This salary may differ for employees working at different job locations. 

Q2. What is the starting SBI PO salary? 

Ans. The starting SBI PO salary is Rs.27,620/- (basic pay) which is followed by four increments. The pay scale of a Probationary Officer/ Management Trainee is 23700-980/7-30560-1145/2-32850-1310/7- 42020. 

Q3. What benefits are provided apart from the SBI PO salary? 

  • House Rent Allowance
  • Medical Allowance
  • Travel Allowance
  • Furniture Allowance
  • Loan Benefits
  • Dearness Allowance

Q4. What is the highest rank an SBI PO can get in his/her bank career? 

Ans. Chairman is the highest rank in SBI PO career.

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