SBI PO Salary 2023, Revised Salary Structure, Job Profile, Allowances
SBI PO is the most attractive banking exam in India. It is the salary and job profile that SBI offers that attracts lakhs of candidates compared to other banking exams. State Bank of India has released SBI PO 2023 notification for a total of 2000 vacancies. SBI PO is a dream job for banking aspirants as the bank offers immense opportunities for career growth. After final selection the candidates are appointed as “Probationary Officers” and have to undergo a probation period which may extend up to two years. The salary and benefits of working in SBI are at par with the best standards in the banking industry. Many allowances are added to the salary which make it even more attractive. Here in this article, we have provided complete information about SBI PO Salary 2023 with details of allowances, in-hand salary and job profile.
SBI PO Prelims Exam Analysis 2023-Shift 1
SBI PO Salary 2023 in Hindi
SBI PO salary varies according to the place of posting but the basic pay remains the same. SBI PO salary consists of basic salary along with various allowances and perks. The latest salary structure mentioned in the official notification for SBI PO 2023 is as follows: SBI PO salary may vary according to the place of posting but the basic pay that a Probationary Officer gets is Rs 41,960. As per SBI PO official notification, Junior Management Grade-1 employee will be given a basic of Rs 41,960 in the pay scale of 36000-1490/7-46430-1740/2-49910-1990/7-63840.
SBI PO Exam Date 2023 Out – Check Now
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SBI PO Salary: Overview
SBI PO Salary 2023 is based on bilateral agreement between banks and employees. The salary of probationary officers in SBI is revised from time to time. In the table given below, candidates can check the details of SBI PO Salary 2023.
| SBI PO Salary: Overview | |
| organization | State Bank Of India |
| Exam Name | SBI PO Exam 2023 |
| Posts | Probationary Officer |
| vacancy | 2000 |
| Basic Pay | 41960 |
| official website | @www.sbi.co.in |
SBI PO Salary Structure 2023
As per SBI PO salary, an employee will be given a basic of Rs 41,960 on the pay scale of 36000-1490/7-46430-1740/2-49910-1990/7-63840. Here, candidates can check SBI PO Salary Structure 2023 in the given table.
| SBI PO Salary Structure | |
| Basic Pay | 41960 |
| Dearness Allowance | 20350 |
| Location Allowance | 700 |
| Learning Allowance | 600 |
| Special Allowance | 6881 |
| Gross Salary | 70491 |
| Deductions | 12,569 |
| Net Salary | Rs 57,922 |
SBI PO Salary 2023: Deductions
The deductions to be made in the total salary of SBI PO are discussed in the table below, which details the amount deducted from each section.
SBI PO Salary 2023: Allowances
SBI PO Salary 2023 not only includes a good monetary amount, but it also includes a variety of allowances that add to the total amount. Given below are some of the standard allowances that a probationary officer in SBI gets along with the basic pay. These include:
Allowance Amount
- Dearness Allowance 46.9% of basic pay.
- City Compensatory Allowance 3% – 4% depending on location.
- House Rent Allowance 7% – 9% depending on the place of posting.
- Medical Insurance 100% cover for employee. 75% cover for dependent family.
- Traveling Allowance AC 2-tier fare is reimbursed to the employee for official travel.
- Newspaper Allowance, Entertainment Allowance, Books Allowance etc. vary depending on the posting.
SBI PO Salary 2023: Benefits
Below are some of the benefits a candidate can avail after being selected as SBI PO:
- Medical insurance cover up to 100 percent for SBI PO and up to 75 percent for his/her family members.
- Candidates can also avail cashless treatment at selected medical facilities across the country.
- Newspaper allowance is provided.
- Book and magazine allowance is provided.
- Petrol allowance is provided.
- House maintenance allowance is provided.
- Telephone bill reimbursement is provided.
- Entertainment allowance is provided.
- Concessional interest rates can be availed by the candidate for House Loan, Car Loan and Personal Loan.
SBI PO Career Growth
SBI is one of the most reputed banks in the country, so employees should get the best from the job. SBI conducts Promotion Exams annually for the existing employees of the bank to increase the job standard (profile), status and salary. Thus, this job offers excellent career growth. A selected candidate has to serve a probation period of two years. After that, the promotion posts are as follows:
- SBI PO Promotion
- Assistant Manager
- Deputy Manager
- Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Deputy Managing Director
- Managing Director
- Chairman
Overall, a career in SBI can be considered satisfactory for someone who is enthusiastic and goal-oriented. Thus we would advise all our students to make maximum use of this time and study hard for this exam to achieve success.