What is the salary of an SBI PO officer?



State Bank of India is one of the biggest banks with its branches spread all over India and outside India too. The post of SBI PO is the entry level position at which a bank officer starts working and undergoes a 2 year probation period and then gets the post of Assistant Manager on joining a SBI branch. The duties and role of SBI PO primarily involves general banking activities and jobs related to bank administration. Therefore, an SBI PO should have brilliant communication skills to develop congenial relationships with customers.

In Indian banking sector, State Bank of India offers generous salary packages which is even higher than other public sector banks. The starting salary of SBI PO is approximately Rs. 12, 93,000 per annum. It is because of this generous salary packages that attracts millions of aspirants for the job of SBI PO, every year.

In addition to generous salary packages, SBI PO Syllabus enjoys various allowances like Dearness Allowance, City Compensatory Allowance, HRA or House Rent Allowance, Furniture Allowance, Medical Allowance, Travelling Allowance, Petrol Allowance, Newspaper Allowance, Entertainment Allowance, Briefcase Allowance, etc. These encouraging incentives and attractive perks give every SBI PO, a complete job satisfaction. These compensations range between 7.5 to 12.9 million per annum that allow them to meet their family needs.

The break-up of salary of SBI PO is given below:
Basic Pay
INR 27,620

Pay Scales Applicable
23,700 – 980/7 – 30,560 – 1,145/2 – 32,850 – 1,310/7 – 42,020

Dearness Allowance
46.9% of Basic Pay

City Compensatory Allowance
3% – 4% depending on City

House Rent Allowance
7% – 9% depending on City/Place of Posting

Furniture Allowance
INR 1,20,000

Medical Insurance
100% covered for employee; 75% covered for family members

Travelling Allowance
AC 2-tier fare is reimbursed to the employee for official travels

Petrol Allowance
INR 1,100 – 1,250

Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.

Varies based on Cadre
Gross Compensation
INR 7.55 lakh – INR 12.93 lakh per annum

As compared to other sectors, an SBI PO gets a higher salary package and therefore graduate from every stream strive hardest for it.

Let us list out other major benefits availed by SBI PO and they are: -
  1. Open-minded leave strategy
SBI PO avails the benefit of open-minded leave strategy where they gets 12 casual leaves besides 30 privilege leaves, and 15 medical leaves per year. The female PO’s are given maternity leave for 6 months.

  1. Leave travel concession–
Once in 2 or 4 years, every SBI PO enjoys the advantage of LTC (Leave Travel Concession) where they can stay in any of SBI provided guests houses. It makes this job a fun-filled travelling experience.

  1. Attractive compensation package–
In India, SBI is only bank which provides a package where an employee can choose to monetize certain parts of their compensation package. This compensation package is helpful in retirement stages of employee.

  1. Regular training and professional development  program
SBI PO gets full administrative support from higher authorities. Whenever there is any change introduced in the system, SBI PO enjoys the facility of regular training and development program. This training module keep SBI PO updated with the latest developments in the system without any support from external source.

After discussing these factors, it can be easily understood why job of SBI PO is so preferred by Indian youth. SBI PO 2019 exam is conducted in the form of recruitment drive where candidates have to clear all the selection stages (SBI PO Prelims 2019 exam, SBI PO Mains 2019 exam and Interview Round) to get selected. It is therefore suggested that every aspirant should strive hardest to qualify SBI PO 2019 exam for a bright banking career.

In case you are looking forward to ace any of the bank exams such as SBI PO or IBPS PO 2019 and located nearby JAMMU  then IBT JAMMU is topmost coaching institute to qualify it in the first attempt itself!!!!

All the Best!!!

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