SBI PO Salary, SBI PO hand Salary 2024, job Profile, Perks & Allowances

SBI PO Pay 2024 | In-hand Pay, Benefits, Job Description: Have you seen the SBI PO notice and are you interested in learning more about the SBI PO salary for 2024? It seems that the State Bank of India has made available positions for Probationary Officers (PO).

It’s time to review the useful information on this page, including the SBI PO Salary Structure and SBI PO Salary In-hand Salary specifics. The SBI PO employee will get a generous compensation in addition to other perks. For this reason, the majority of applicants show up for the SBI PO test.

The updated SBI PO Salary 2024 has been provided by the authorities, nevertheless. Check out the specifics on SBI PO Salary Structure, SBI PO Salary In-hand Salary, SBI PO Salary Perks and Allowances, SBI PO Salary Job Profile, and SBI PO Salary Increments and Decrements to be aware of all the little things. Please take note of the information in each area.

SBI PO Pay Schedule for 2024

The SBI PO receives a base salary of Rs 41,960 with four advance increments. As per the updated Bipartite Settlement The Probationary Officer will get a salary of 6000-1490/7-46430-1740/2-49910-1990/7-63840 with four advance increments. This indicates that, for the next seven years, the SBI PO may expect to get a regular salary of Rs. 36,000 plus an increase of Rs. 1490. The next yearly salary is Rs 46430, with a subsequent two-year increase of Rs 1740. The highest remuneration for an SBI PO is Rs 63840. To learn more about the specifics pertaining to SBI PO Salary, see the section below.

Salary Structure for SBI PO

The SBI PO Salary Structure is covered in the material supplied. The updated SBI PO Salary is available to all applicants in the SBI PO Salary Structure table. Take a look at it:

SBI PO Salary Structure in India
Basic PayRs. 41,960
Special AllowanceRs. 6,881
DARs. 12,701
Location AllowanceRs. 700
Learning AllowanceRs. 600
HRARs. 2,937
Gross SalaryRs. 65,780
Deduction (PF/Income Tax/Professional Tax/Pension)Rs. 12,960
Net SalaryRs. 52,820

Salary of SBI PO In Hand

An SBI PO employee’s beginning monthly compensation ranges from Rs. 52000 to Rs. 55000. Additionally, the SBI PO employee’s standard salary is Rs. 41,960. An SBI PO employee may be paid a gross pay ranging from Rs. 8.20 lakhs (minimum) to Rs. 13.08 lakhs (highest) every year. In addition to base salary, SBI PO employees are also qualified for various benefits such as CCA, medical, DA, HRA, and lease rental/HRA. The employee’s place of employment affects their SBI PO In-Hand Salary.

Salary Increment for SBI PO

Here is a table showing the SBI PO Salary Increment. An annual rise that is set for a certain amount of time will be given to the employee as a reward. Look it over:

SBI PO year-wise Increment 
PeriodIncrementBasic Salary
First 7 yearsRs. 1490/-Rs. 36,000/-
Next 2 yearsRs. 1740/-Rs. 46,430/-
Another 7 yearsRs. 1990/-Rs. 63,840/-

Salary Deductions for SBI PO

The deductions would be made from the SBI PO Gross compensation, which is Rs. 65,780, once the employee began receiving the 52,820 increase compensation. View the SBI PO Salary Deduction table provided.

SBI PO Salary Deduction 
PF ContributionRs. 4,196/-
Income TaxRs. 3,290/-
Professional TaxRs. 200/-
Contributory Pension FundRs. 5,274
Total DeductionsRs. 12,960

SBI PO Job Description

We have provided information on the SBI PO Job Profile here. Read the points that are made in this section of the article.

  • Managing administrative tasks, providing customer support, handling loan processing, creating bank accounts, etc.
  • Bring in new clients for the bank.
  • Selling New Plans
  • Occasionally assign additional responsibilities to the bank
  • On-the-job training at facilities like SBI Training Institutes

Growth and Promotions of SBI PO

In accordance with bank policies, candidates may review SBI PO Growth and Promotions as well as compensation increases. Take a look at them:

  • Assistant Manager
  • Deputy Manager
  • Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Deputy Managing Director
  • Managing Director
  • Chairman

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