State Bank of India (SBI) is India’s largest bank in India. A large number of people searching for bank jobs in State bank. The candidates who prepare for SBI recruitment they want to know about the structure of SBI Po salary, (Probationary Officers P.O salary). SBI PO is one of the respected jobs in the banking sector. Along with job security, and social status, the SBI PO job offers candidates some great opportunities to grow in their respective careers. As a banking professional. it is very important to know the salary package, which is offered by the bank against the hard work you are going to put in for the bank. Are you searching for these questions?
- What is the salary of SBI PO 2019?
- What is the starting salary of SBI PO?
- Which bank Po gets highest salary?
Here is a detailed analysis of the in-hand salary structure and whole remuneration package of an SBI PO.
SBI PO Salary 2019 – 20
Basic pay of SBI PO is the best among peer banks.
According to the latest notification issued by the state bank of india in 2019 – 20, the entry-level basic pay is higher in SBI, as compared to other nationalized banks. The starting basic pay is Rs 27,620, with four advance increments in the pay scale of 23,700-980 (7) – 30,560 – 1,145 (2) – 32,850 – 1,310 (7) – 42,020.
Cost to Company (CTC) of an SBI PO
As far as the Cost of company CTC is concerned, the bank offers a minimum of Rs 8.20 lakes rupees. whereas the maximum package is Rs 13.08 lakes rupees, it’s depending upon the place of your posting. if you are posted in Metro city, the compensation offered will be more than Rs 1 lakh a month.
SBI PO Salary 2019-20: Allowances
1 – Dearness Allowance (DA): It’s calculated based on the Consumer Price Index (CPI), and it’s revised every quarter. You can expect your Dearness Allowance to be around 46 percent of your basic pay. It is based on inflation. it will go up or maybe down.
2 – City Compensatory Allowance (CCA): This allowance is calculated based on your city of posting, and ranges between 3 to 4 percent of the basics.
3 – Leased Accommodation / House Rent Allowance (HRA): It depends upon the city of your posting, and can vary between Rs 8,000 (in rural areas) to Rs 29,500 (in Metro city).
4 – Travel Allowance (TA): SBI PO gets reimbursement of travel costs for official travels.
5 – Furniture Allowance: Rs 1,20,000 for the purchase of furniture.
Who can Apply for the SBI PO Post –
Candidates between the age of 21-30 years can apply for the SBI probationary officer positions. Graduates in any discipline from a recognized university are eligible to apply for the probationary officer post.
SBI additional benefits:-
- 1 – Medical insurance (100 percent for SBI PO and 75 percent for family members).
- 2- Cashless treatment in selected medical facilities around the country
- 3 – Newspaper allowance4. Books and magazines allowance.
- 5 – Petrol allowance
- 6 – House maintenance allowance
- 7 – Telephone bill reimbursement
- 8 – Entertainment allowance
- 9 – compromise interest rates and PL (Personal Loan), vehicle loan, and home loan.
Here we provide a piece of brief information about Sbi Po salary, We hope you really like this information.