SBI PO Salary: The SBI Probationary Officer post is a lucrative career opportunity for those who wish to build their career in the banking industry. A lot of candidates apply for SBI PO recruitment in 2024 every year owing to its attractive salary package, job security, and allowances. Currently, the starting basic pay is Rs 41960 with 4 advance increments and the initial SBI PO in hand salary will range between Rs 52,000-Rs 54000 per month. Scroll down the page to get the complete details on the SBI PO salary including monthly salary, career growth, promotion, etc.
SBI PO Salary 2024
The State Bank of India invites online applications from eligible candidates to recruit probationary officers at SBI. The SBI PO selection process is divided into various stages such as prelims, mains, and Psychometric tests. Here are the key highlights of the SBI PO Salary shared below for the reference of the candidates.
| Exam Conducting Body | State Bank of India |
| Post Name | Probationary Officers |
| Eligibility | Graduate, 21 years |
| Selection Process | Prelims, Mains, and Psychometric tests |
| SBI PO Salary (Basic Pay) | Rs 41960 with 4 advance increments |
| Official Website | Click Here |
SBI PO Salary Structure
The SBI PO Salary Structure comprises details such as basic pay, pay scale, net earnings, gross earnings, allowances, deductions, and so on. Presently, the starting basic pay is Rs 41,960/- (with 4 advance increments) in the pay scale of Rs 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to Junior Management Grade Scale-I. Check the SBI PO Salary Structure shared below for the reference of the candidates.
| Particulars | Details |
| Basic Pay | Rs 41,960 |
| Special Allowances | Rs 6800 |
| Dearness Allowances | Rs 12000 |
| Location Allowances | Rs 700 |
| Learning Allowances | Rs 600 |
| HRA | Rs 3000 |
| Gross Salary | Rs 65000 |
| Deductions | Rs 13000 |
| Net Salary | Rs 52000-Rs 53000 |
SBI PO In Hand Salary
The SBI PO salary in hand is the combination of the basic pay and allowances. The starting in hand salary of the SBI Probationary Officer post ranges between Rs 52000-Rs 53000 with basic pay of Rs 41,960/- (with 4 advance increments). The annual SBI PO salary is expected to range between Rs 8 lakh and 12 lakh per annum. Along with the basic salary, candidates will receive various perks and allowances admissible to the job profile.
SBI PO Salary Allowances
Apart from the basic SBI PO salary, every appointed candidate will receive a wide range of perks, allowances, and benefits as a part of the annual package. The allowances also depend on the job location of the candidates and prerequisites as per rules in force from time to time. Check the list of perks and allowances included in the SBI PO salary:
- Dearness Allowances
- House Rent Allowances
- City Compensatory Allowances
- Furniture Allowances
- Contributed Pension Fund i.e., NPS, LFC
- Medical Facility
- Lease rental facility, etc
SBI PO Career Growth & Promotion
All the appointed candidates will be required to perform all the tasks included in their SBI PO Job Profile to climb the ladder of success. The selected candidates will get the basic banking knowledge through the online course, which will be required to be completed prior to joining. The appointed candidates, at the time of joining, will have to sign a Bond for a value of 2.00 Lacs ( Two Lacs only) to serve the Bank for at least three years.
Upon joining the post, the selected candidates will be designated as “Probationary Officers” and will undergo probation for two years. They will be subjected to continuous assessment, as per the Bank’s extant policy, during the probation period. Those candidates who are declared successful in the assessment as per standards decided by the Bank from time to time will be designated in the Service of the Bank in Junior Management Grade Scale-I (JMGS-I). If any candidate fails to achieve minimum standards stipulated, their services stands terminated as per bank policy in force at the material time. The SBI Promotion hierarchy shall be as follow:
- Assistant Manager
- Deputy Manager
- Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Deputy Managing Director
- Managing Director
- Chairman
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What is SBI PO Pay Scale 2024?
Presently, the starting basic pay is Rs 41,960/- (with 4 advance increments) in the pay scale of Rs 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to Junior Management Grade Scale-I
What is SBI PO Salary in Hand?
The starting in hand salary of the SBI Probationary Officer post ranges between Rs 52000-Rs 53000 per month.
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