SBI PO Salary 2020 | Check Salary In Hand, Perks & Benefits

sbi po salary

SBI PO is a prestigious Exam and as State Bank of India is going to release its notification soon, we have brought you with the details regarding the SBI PO Salary, Job Profile, and Vacancy in this article. Go through the complete article to know the SBI PO CTC, SBI PO In Hand Salary, perks & Allowances after 7th Pay Commission and many more.

  • The SBI PO In Hand Salary is fixed at Rs.27620 per month
  • SBI PO Aspirants should solve online SBI PO Mock Test Series consistently from the beginning days of their preparation as it will increase their efficiency on the day of the exam
  • SBI PO Job Profile includes managerial tasks, such as supervision of clerical work, making certain decisions, management of cash balance
  • We will update you with the SBI PO Vacancy details as soon as it is released in the official notification soon

SBI PO In Hand Salary 2020

SBI is going to release its SBI PO 2020 recruitment notification on the official website soon. Knowing about the salary, job profile and allowances will help you decide whether to apply or not for the vacancies this year. After all the deductions, the SBI PO Officers will get an in-hand salary ranging from Rs. 42,000 to Rs. 44,000. This salary is subject to change depending on the location of the posting. The SBI PO will recieve a number of allowances such as Dearness Allowance, Housing Allowance, etc. The PayScale is 23700-980/7-30560-1145/2-32850-1310/7-42020

  • SBI Offers the highest salary to their PO’s as compared to other PSB’s PO.
  • Every year thousands of aspirants preparing for the exam and attempt by downloading the SBI PO Admit card due to its lucrative salary structure & career growth.
  • But it takes effort worth miles to clear SBI PO Exam.
  • The article has complete details regarding the salary structure of SBI PO 2020

SBI PO Exam Dates: SBI PO Salary 2020

The candidates planning to write the exam of SBI PO must check out the following table in order to know the detailes of exam dates of SBI PO:

Activity Dates
On-line registration including Edit/Modification of Application by candidates April-May 2020
Payment of Application Fees/Intimation Charges April-May 2020
Download Admit Card for online Preliminary Examination Last Week of June 2019
Conduct of Online Examination – Preliminary July 2019
The result of Online exam – Preliminary July 2019
Download of Call letter for Online Main Exam Last Week of July 2019
Conduct of Online Examination – Main August 2019
The result of Online Examination – Main August 2019
Download Call Letter for Personal Interview September 2019
Conduct of Group Exercises & Interview October 2019
Declaration of Final Result November 2019

SBI PO Salary Structure 2020

Along with the SBI PO In Hand Salary, there are other sections in the salary structure.The candidates must check the table below for the complete information regarding the SBI PO Salary Structure 2020 from the table below. Know the perks and allowances allotted to SBI PO as well:-

SBI PO Salary Structure Amount
SBI PO Basic Pay Rs.27620/- (4 Increments also applicable)
Pay Scale  23700-980/7-30560-1145/2-32850-1310/7-42020
Dearness Allowance (DA)  46.9% of the Basic Pay (Revised Quarterly)
(CCA) This varies with the place of posting at 4% or 3%
HRA 9%, 8% or 7% (Depends on the place of posting)
Furniture Allowance Rs.120000/-
Medical Insurance 100% medical coverage for SBI employees and 75% for their family members
Travelling Allowance For official travels, reimbursement of AC 2-tier fare is provided
Petrol Approx. Rs.1100-1250
SBI PO Gross Salary with HRA Total Compensation: 7.55 lakhs and a maximum of 12.93 lakhs depending on the place of posting and other factors.

SBI PO Salary Benefits, Allowances, and Perks

Along with the SBI PO In Hand Salary, the SBI Probationary Officer has certain salary benefits, allowances, and perks. Let us go through all the SBI PO allowances, benefits and perks one by one-

Dearness Allowance (DA):

Dearness allowance is modified every Quarterly basis in the month of February, May, August, and November on the basis of Consumer Price Index (CPI) as announced by the Government of India. DA increases with the increase in inflation and vice-versa.

Housing Allowance:

The remuneration covers rental settlement as well. An SBI PO gets the house rent allowance as part of the salary package.

Travel Allowance:

POs also get time off to travel and the allowances for the same are looked after by the State Bank of India. Occasional Home and Work visits are taken care of by SBI.

Along with the SBI PO In Hand Salary, the benefits and perks that the SBI PO will recieve are as follows-

Medical Benefits:

Bank certainly take interest in the well being of POs and their family members. SBI provides 100% medical benefits to the employees and 75% benefits to their family members. The bank also has several tie-ups with various Medical offices and hospitals across the country and the individuals working as SBI PO can certainly take advantage of the cashless treatment at all those medical Institutions.

Monthly benefits:

Apart from the regular pay structure, SBI PO also eligible for various perks and prerequisites. The bank offers Daily paper stipend and other allowances like petrol, entertainment, house upkeep, books and magazine remittance, portfolio recompense, repayment of phone bills are a portion of the prerequisites to the employees.

Miscellaneous benefits:

As part of SBI PO Salary, the SBI Bank POs would also get the benefits of  Housing Loans, Car Loan, and Personal Loans at a concessionary rate of premium. In addition to this, the Bank also awards the scholarship to the meritorious children of all the workers. Pension is another blessing that comes in handy post retirement for the Employees who joined prior to 2010

SBI PO Leave Policy:

SBI Probationary officers are given 33 days of benefits leave and 12 days of easygoing leave every year along with Sick leave and Maternity leaves. All the Women and single men are eligible to take a holiday of up to 2 years.

Smart Compensation Package:

SBI also offers a smart compensation package that provides feasibility to workers to adopt Particular components of the SBI PO overall salary.

SBI PO Salary Slip 2020

The SBI PO Salary Slip contains Personal Details such as Employee Number, Name, Position, PF Index Number, DOB, Date of Joining, etc., Earning Details such as Basic Pay, Dearness Allowance, Special Allowance etc. and Deduction details such as Employment PF Contribution, Contributory Pension Fund. Go through the image below to know how the SBI PO Salary slip looks like-

SBI PO Job Profile 2020

The SBI PO Job Profile includes a number of tasks such as banking, administration and managerial tasks. Let us see these details-

  • Planning, Budgeting, and Marketing
  • Issuing ATM
  • Doing Clerical Tasks
  • Work as a Public Relation Officer
  • Verification of clerical tasks done by employees etc.

SBI PO Promotions and Career Growth 2020

The hierarchy in the SBI PO Promotions and Career Growth are as follows-

Assistant Manager(Probationary Officer)->Deputy Manager->Manager->Chief Manager->Assistant General Manager-> Deputy General Manager->General Manager->Chief General Manager->Deputy Managing Director->Managing Director->Chairman

SBI PO Vacancy 2020

The SBI PO Vacancy 2020 will be released along with the 2020 SBI PO Notification. You can expect around 2500+ Vacancies in the upcoming SBI PO Notification soon. We will update you with the vacancy details as soon as it is released in the official website.

SBI PO Salary after 5 years

This will be the scenario of SBI PO Salary after 5 years-

  • Annual Increment: increase in Annual Increment may bring an increase in salary
  • Dearness Allowance for four times average in a year.4% TO 5% Hike every year can be expected. In 5 years,20 DA the officer will recieve
  • If the PO gets promotion in his/her job, the salary scale may increase from Scale 1 to Scale 2 pay scale
  • The benefit of 2 Bipartite Settlements in 5 years
  • 2nd Wage Revisions may increase the salary in 5 years

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