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SBI PO Salary 2023 | In-hand Salary, Perks, Job Profile: Did you check the SBI PO notification and want to know the details on SBI PO Salary 2023? Well, the State Bank of India has released the vacancies for the post of Probationary Officers (PO). It’s time to check the details on SBI PO Salary Structure, SBI PO Salary In-hand Salary, and informative details on this page. The employee working as the SBI PO will pay with handsome salary and with many benefits. This is why most of the candidates appear for the SBI PO exam.
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However, The officials have given the revised SBI PO Salary 2023. To be aware of the minute details, check out the information on SBI PO Salary Structure, SBI PO Salary In hand Salary, SBI PO Salary Perks and Allowances, SBI PO Salary Job Profile, SBI PO Salary Increments, and decrements. Do grab the info presented in every section.
SBI PO Salary 2023
The beginning basic pay given to the SBI PO is Rs 41,960 with 4 advanced increments. According to the revised Bipartite Settlement With four advance increments, the Probationary Officer’s salary will be 6000-1490/7-46430-1740/2-49910-1990/7-63840 in compensation size. This tells us that, the SBI PO can earn a normal pay of Rs 36000 including the increment of Rs 1490 for the next 7 years. The following annual pay is Rs 46430 with an increment of Rs 1740 for the next two years. The maximum SBI PO salary is Rs 63840. Follow the below section to understand the details involved in the SBI PO Salary.
SBI PO Salary Structure
The provided information is about the SBI PO Salary Structure. All the candidates who applied can check the revised SBI PO Salary in the SBI PO Salary Structure table. Check it out:
| SBI PO Salary Structure in India | |
| Basic Pay | Rs. 41,960 |
| Special Allowance | Rs. 6,881 |
| DA | Rs. 12,701 |
| Location Allowance | Rs. 700 |
| Learning Allowance | Rs. 600 |
| HRA | Rs. 2,937 |
| Gross Salary | Rs. 65,780 |
| Deduction (PF/Income Tax/Professional Tax/Pension) | Rs. 12,960 |
| Net Salary | Rs. 52,820 |
SBI PO In Hand Salary
The starting salary for the SBI PO employee is between Rs. 52000- Rs. 55000 per month. And the normal pay of the SBI PO employee is Rs. 41,960. The gross salary can be received by the SBI PO employee between 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) annually. Besides basic pay, the SBI PO employee is eligible for Lease Rental/ HRA, DA, Medical, CCA, and other allowances. The SBI PO In-Hand Salary depends upon the location where the employee is working.
SBI PO Salary Increment
Here we have given the SBI PO Salary Increment in a table form. The employee will be rewarded with a yearly increment and it is fixed for a certain period. check it out:
| SBI PO year-wise Increment | ||
| Period | 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 Salary Deductions
From the SBI PO Gross Salary i.e, Rs. 65,780, the deductions will be considered after the employee started collecting the increment salary of Rs. 52,820. Check out the given table on SBI PO Salary Deduction.
| SBI PO Salary Deduction | |
| 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 Perks
With the lucrative salary given by the authority includes the SBI PO Perks in the SBI PO in-hand salary. Check out the details of the SBI PO Perks
- Concessional interest rates for Housing/ Car/ Loans
- Home Travel Concession/ Leave Fare Concession.
- LTC
- Medical Aid for self (100%) and family (75%)
- Contribution Pension Scheme/New Pension Scheme
SBI PO Allowances
Given here are the SBI PO allowances given to the State Bank of India. Overlook the SBI PO Allowances.
| 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 the 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 Job Profile
Here we have given the information about the SBI PO Job Profile. Read out the points given in this part of the article.
- Overseeing clerical activities, customer service, processing loans, opening bank accounts, etc
- Lead new business to the bank
- Retail of New Schemes
- Grant other tasks by the bank from time to time
- On-site training, such as at SBI training institutes
SBI PO Growth and Promotions
Candidates can check the SBI PO Growth and Promotions along with the increment in the salary according to the bank norms. Check them out:
- Assistant Manager
- Deputy Manager
- Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Deputy Managing Director
- Managing Director
- Chairman
To conclude, the SBI PO Salary has given detailed information. We believe that SBI PO Salary article is useful to all candidates. For more info and updates stay connected to our website @ Freshersnow.Com