SBI offers a good salary of Rs 52,820 per month to probationary officers. You can check the salary you will receive, the job profile, allowances, and the salary after 5 years here. The SBI PO salary is a great opportunity for those who want to work as a probationary officer at the State Bank of India. The salary starts at Rs.41,960 per month, and after deductions, the net salary is Rs.41,960. Along with the salary, there are also perks and allowances. If you want to know more about the salary structure, job profile, allowances, probationary period, career growth, and salary after 2, 5, and 7 years, you can read this article.
SBI PO Salary 2024
In addition to their salary, SBI POs receive extra money for things like housing, medical insurance, and more. During their training period, they have many important duties, like managing finances and collecting money. Being an SBI PO is a very challenging job in the Indian government.
SBI PO Salary Structure 2024
The State Bank of India Probationary Officer (PO) job is considered one of the most difficult and respected government jobs in India because SBI is one of the top nationalized banks. When someone is hired as a PO in SBI, they start earning a basic salary of Rs.41,960 (with 4 additional increases). The salary structure for SBI PO ranges from 36000-1490/7-46430-1740/2-49910-1990/7-63840. This article discusses the details of the SBI PO Salary, Hand Salary, Perks, and Job Profile.
| SBI PO Salary Structure | |
| Basic Pay | Rs. 41,960 |
| Special Allowance | Rs. 6,881 |
| DA | Rs. 12,701 |
| Location Allowance | 700 |
| Learning Allowance | 600 |
| Special Allowance | 6881 |
| Gross Salary | 65,780 |
| Deductions | 12,960 |
| Net Salary | Rs 52,820/- Monthly |
SBI PO Salary Deductions
SBI POs get many advantages when it comes to reducing the amount of tax they have to pay. The table below shows all the deductions that SBI POs can claim on their salary.
| SBI PO Salary Deductions | |
| Particulars | Amount |
| PF Contribution | Rs. 4,196/- |
| Income Tax | Rs. 3,290/- |
| Professional Tax | Rs. 200/- |
| Contributory Pension Fund | Rs. 5,274 |
| Total Deductions | Rs. 12,960 |
SBI PO In Hand Salary 2024
The starting monthly salary for SBI POs is between INR 52,000 to INR 55,000. Their yearly total pay ranges from 8.20 lakhs to 13.08 lakhs. Besides their basic pay, SBI Probationary Officers also get extra benefits like housing allowance, medical allowance, and other allowances. The amount of these benefits depends on where they are working.
SBI PO Salary Slip 2024
If you are a candidate who will become a Probationary Officer in SBI Bank and want to see your salary slip, you can find it below. We have shared the salary slip of the probationary officer. The salary slip will show you how much money you will receive, including benefits, deductions, and your total take-home salary as an SBI PO.
SBI PO Allowances
The SBI PO Salary is made up of a regular salary and extra money called allowances. These allowances make the employee’s take-home pay higher. The different allowances that come with the SBI PO Salary are listed below:
| SBI PO Salary Allowances | |
| Allowance | Amount |
| Dearness Allowance | 26% of the Basic Pay |
| City Compensatory Allowance | 3% – 4% depending on location |
| House Rent Allowance | 7% – 9% depending on Place of Posting |
| Furniture Allowance | Rs. 1,20,000 |
| Medical Insurance | 100% covered for employees | 75% covered for dependent family |
| Travelling Allowance | AC 2-tier fare is reimbursed to the employee for official travels |
| Petrol Allowance | Rs. 1,100 – 1,250 |
| Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. | Varies based on Cadre |
SBI PO Salary Increment
Candidates can find the SBI PO Increment details for each year in the table below. When candidates have worked for 7 years, they will receive the highest increment.
| Period | Increment (INR) | Basic Salary (INR) |
|---|---|---|
| First 7 years | 1490 | 36,000 |
| Next 2 years | 1740 | 46,430 |
| Another 7 years | 1990 | 63,840 |
SBI PO Benefits 2024
The perks of working as a Bank SBI PO include having a stable career, job security, fixed allowances, and salary increases. Because of these benefits, many people find this job very appealing.
- Medical insurance (100 per cent for self and 75 per cent for family members)
- Cashless treatment in selected medical facilities around the country
- Newspaper allowance
- Books and magazines allowance
- Petrol allowance
- House maintenance allowance
- Telephone bill reimbursement
- Entertainment allowance
- Concessionary interest rates for House Loan, Car Loans, and Personal Loans
- New pension scheme contribution
- Leave Travel Concessions (LTC)
SBI PO Salary After 5 Years
The salary and take-home salary of SBI PO increase every year. The amount of increase depends on how long the person has worked. If you want to know how much you will earn after a certain number of years, like 2, 5, or 7 years, your salary will go up. After 5 years, an SBI PO can expect to earn around Rs. 60,270 per month. The table below shows the yearly increases and the final salary.
| Time | Increment | Basic Salary |
| First 7 years | Rs. 1490 | Rs. 36,000 |
| Next 2 Years | Rs. 1740 | Rs. 46,430 |
| Another 7 Years | Rs. 1990 | Rs. 63,840 |
SBI PO Job Profile
These are the things that an SBI Probationary Officer has to do every day:
- Supervision of clerical activities, customer service, processing loans, opening bank accounts, etc.
- Marketing of New Schemes
- Bringing New Business to the bank
- Any other task bestowed by the bank from time to time.
- On-site training, such as at SBI training institutes.
SBI PO Promotions
A person who applies for a job as a probationary officer must go through a series of tests and interviews. If they pass all of these, they will be hired as a probationary officer. During this time, they will have to work for up to two years. If they do well and meet the bank’s standards, they will be confirmed in the bank’s service. The bank also regularly holds exams for promotions, so there is a good chance for probationary officers to move up quickly. The SBI POs are promoted in a specific order, with 1 being the lowest and 11 being the highest.
- Assistant Manager
- Deputy Manager
- Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Deputy Managing Director
- Managing Director
- Chairman
Career As an SBI PO
In simple terms, the SBI PO Job offers a great salary and benefits, and it can help you grow in your career. The banking sector has many job openings, so it’s a good chance for people who want to apply. Many people apply for this job every year and are now living a stable life with a good income.