sbi po salary 2023
SBI PO Salary 2023: SBI PO Salary is an attractive opportunity for the candidates who are applying for PO post. SBI PO salary starts from Rs. 41,960 (plus 4 advance increments). The most attractive banking exam in India is SBI PO. It is one of the most sought after exams in India because of the SBI PO jobs and the benefits associated with it. A Probationary Officer has multiple responsibilities during the training which involves handling multiple functions like finance, accounting, billing, investment, revenue collection etc. during his/her probation period. Candidates must read the article given below for a better understanding of the various job positions, salary, allowances, perks etc. under SBI PO. Read further for SBI PO Salary 2023 details.
SBI PO Salary- Overview
The details of SBI PO Salary Structure, Salary in hand, Job Profile and Career Growth are given below. Check the overview of SBI PO Salary 2023 here.
| SBI PO Salary 2023 | |
| Name of organization | state Bank of India |
| Name of the Posts | Probationary officer |
| Social class | bank jobs |
| vacant position | 2000 |
| Selection Process | Prelims- Mains- Group Exercise and Interview |
| salary (gross) | Rupee. 65,780- Rs. 68,580/month |
| allowance | DA, HRA, CCA, PF, Contributed Pension Fund i.e. NPS, LFC, Medical Facility, Lease Rental Facility etc. |
| job location | all over India |
| official website | www.sbi.co.in |
SBI PO Salary Structure 2023
State Bank of India Probationary Officer (po) Considered to be the most sought after and prestigious government job in India as SBI is one of the top nationalized banks. When a candidate is appointed as PO in SBI, he/she starts getting Rs.41,960 (with 4 advance increments) as basic pay. The salary structure of SBI PO is as follows 36000-1490/7-46430-1740/2-49910-1990/7-63840. In this article, the details of SBI PO Salary, In Hand Salary, Perks and Job Profile are discussed.
| SBI PO Salary Structure 2023 | |
| basic salary | Rupee. 41,960 |
| special allowance | Rupee. 6,881 |
| DA | Rupee. 12,701 |
| space allowance | 700 |
| learning allowance | 600 |
| special allowance | 6881 |
| gross salary | 65780 |
| cut | 12,960 |
| net salary | Rs 52,820 |
SBI PO Salary 2023-Cuts
SBI POs are given various benefits in terms of deductions which they can claim while filing their ITR and computing tax liabilities. The table below gives all the claimable deductions in SBI PO Salary Structure 2023.
| SBI PO Salary 2023 | |
| Description | amount |
| pf contribution | Rupee. 4,196/- |
| Income tax | Rupee. Rs 3,290/- |
| Professional tax | Rupee. 200/- |
| contributory pension fund | Rupee. 5,274 |
| Total deduction | Rupee. 12,960 |
SBI PO Salary in Hand 2023
in-hand salary of SBI PO 2023 From Rs. Rupee. 65,780- Rs. 68,580/month, This amount may vary depending on the place of posting. Since banks follow bilateral agreements, there is no applicability of 7th Pay Commission on the amount. Nevertheless, the in-hand salary is quite attractive to the candidates and hence remains in high demand bank jobs,
SBI PO Salary Increase 2023
Salary and in-hand salary of SBI PO is subject to increase every year. Every SBI PO is given a fixed amount of increment based on the length of service rendered by them. The table below shows the annual SBI PO salary hike and final salary.
SBI PO Allowances
SBI PO Salary includes a number of allowances apart from the basic pay which adds up to the take home salary of the employee. The perks that come with SBI PO Salary are tabulated below:
| sbi po salary allowances | |
| allowance | amount |
| dearness allowance | 26% of Basic Pay |
| city compensatory allowance | 3% – 4% depending on location |
| house rent allowance | 7% – 9% depending on place of posting |
| furniture allowance | Rupee. 1,20,000 |
| medical insurance | 100% cover for employee | 75% covered for dependent family |
| Travel allowance | AC 2-tier fare is reimbursed to the employee for official travel |
| petrol allowance | Rupee. 1,100 – 1,250 |
| Newspaper Allowance, Entertainment Allowance, Book Allowance, etc. | Varies with cadre |
SBI PO Salary 2023-Benefits
Being a bank job, SBI PO facilities It includes the benefit of a settled career, job security, fixed perks and increments. Thus this job is attractive to a large number of candidates.
Benefits in addition to salary include:
- Medical Insurance (100% for self and 75% for family members)
- Cashless treatment at selected medical facilities across the country
- newspaper allowance
- Books and magazines allowance
- petrol allowance
- house maintenance allowance
- telephone bill reimbursement
- entertainment allowance
- Concessional interest rates for home loan, car loan and personal loan
- New Pension Scheme Contribution
- Leave Travel Concessions (LTC)
SBI PO Job Profile
The following are the duties of an SBI Probationary Officer on a regular basis:
- Supervising clerical activities, customer service, loan processing, opening bank accounts, etc.
- Marketing of new schemes
- Bringing new business to the bank
- Any other work assigned by the Bank from time to time.
- On-site training, such as SBI Training Institute.
After 5 years, an SBI PO can earn around Rs. can expect to earn a salary of Rs. 56,000 to Rs. 65,000 per month, including various allowances and benefits. The salary structure for SBI PO is revised from time to time, and increments are given based on performance and experience. Apart from the basic salary, SBI POs are entitled to receive various allowances like DA, HRA and medical benefits. Salary may also vary depending on the posting location and other factors.
What is SBI PO salary after 10 years?
After 10 years of service, an SBI PO gets around Rs. can expect to get a salary of Rs. 90,000 to Rs. 1 lakh per month, which includes various allowances and benefits. The salary structure for SBI PO is revised from time to time, and increments are given based on performance and experience. Apart from the basic salary, SBI POs are entitled to receive various allowances like DA, HRA and medical benefits. Salary may also vary depending on the posting location and other factors.
What is SBI PO salary after 3 years?
After 3 years of service, an SBI PO gets approximately Rs. can expect to get a salary of Rs. 45,000 to Rs. 55,000 per month, which includes various allowances and benefits. The salary structure for SBI PO is revised from time to time, and increments are given on the basis of performance and experience. Apart from the basic pay, SBI POs are entitled to receive various allowances like DA, HRA and medical benefits. Salary may also vary depending on the posting location and other factors.
What is SBI PO salary after 20 years?
After 20 years of service, an SBI PO gets around Rs. can expect to get a salary of Rs. 1.5 lakh to Rs. 2 lakh per month including various allowances and benefits. The salary structure for SBI PO is revised from time to time, and increments are given based on performance and experience. Apart from the basic salary, SBI POs are entitled to receive various allowances like DA, HRA and medical benefits. Salary may also vary depending on the posting location and other factors.
What is SBI PO salary after 2 years?
After 2 years of service, an SBI PO can get around Rs. can expect to get a salary of Rs. 48,000 to Rs. 58,000 per month, which includes various allowances and benefits. The salary structure for SBI PO is revised from time to time, and increments are given based on performance and experience. Apart from the basic salary, SBI POs are entitled to receive various allowances like DA, HRA and medical benefits. Salary may also vary depending on the posting location and other factors.
What is SBI PO salary after 15 years?
After 15 years of service, an SBI PO gets approximately Rs. Can expect to get a salary of Rs. 1 lakh to Rs. 1.2 lakh per month, which includes various allowances and benefits. The salary structure for SBI PO is revised from time to time, and increments are given on the basis of performance and experience. Apart from the basic pay, SBI POs are entitled to receive various allowances like DA, HRA and medical benefits. Salary may also vary depending on the posting location and other factors.
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