SBI PO Salary 2019 | Allowances Perks & Other Benefits

SBI PO Salary 2019 | The candidates planning to appear in the exam are always observed as curious regarding the salary structure of the specific exam. The article has the entire information regarding the salary structure of SBI PO 2019

SBI PO Salary 2019

SBI has released the notification of SBI PO 2019 recruitment on the official website. The exam dates also release mentioned with total vacancies are announced for this post.

  • 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 attempting by downloading 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 2019

SBI PO Exam Dates: SBI PO Salary 2019

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 2019
Payment of Application Fees/Intimation Charges April-May 2019
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 and Other Allowances 2019

The candidates must check the table below for the complete information regarding the salary structure of SBI PO and other perks and allowances:

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 maximum of 12.93 lakhs depending on the place of posting and other factors.

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 is looked after by the State Bank of India. Occasional Home and Work visit is taken care of by SBI.

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.

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.

Other Perks and Prerequisites: SBI PO Salary 2019

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

Smart Compensation Package:

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

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