SBI PO Salary 2022: In Hand Salary, Salary Slip, Promotion, Pay Scale, Perks

SBI PO Salary 2022: In Hand Salary, Salary Slip, Promotion, Pay Scale, Perks

ByAkash Mishra  |  Updated on: Sep 22, 2022
SBI PO Salary 2022 is clearly mentioned in the official notification PDF. Candidates should be aware of the SBI PO salary in hand, job profile, perks and allowances. SBI PO promotion and career growth are also two important points to be noticed.
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SBI PO Salary 2022 has been released by SBI in the official notification PDF. Besides exam-related details, every applicant must be curious about the other aspects of the SBI PO post, be it SBI PO salary in hand, salary after 5 years, job responsibilities, pay and perks, pay slips, and allowances.

To help you gain detailed insight, we have shared complete details of the SBI PO in-hand salary, gross salary, job profile, and career trajectory. All information related to your perks, allowances, career growth, and SBI PO salary after 5 years will help you stay motivated and pumped throughout your exam preparation.

SBI PO Salary 2022

SBI PO recruitment 2022 is finally out. All aspirants preparing for the exam must be eager to know about the SBI PO salary, job profile, roles & responsibilities, salary slip, and other benefits.

An SBI PO draws a handsome salary along with many perks and benefits that come with the post. Below, we have discussed the SBI PO salary in hand, perks, allowances, and job profile, among others. 

Interested candidates can thoroughly check the complete SBI PO salary structure with all the increments, benefits, and other details. This will surely help you better understand the kind of job you will be stepping into and what kind of future you can expect with the SBI PO salary 2022.

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SBI PO Salary Structure (Gross & in-Hand)

SBI is among the most coveted jobs due to its attractive SBI PO salary structure. It is among the lucrative banking sector jobs in India. Besides holding a reputed position in SBI, Probationary Officers are entitled to various perks and benefits apart from the basic salary.

The person working as an SBI PO earns a higher take-home salary than any other bank PO. They get more allowances as well. If you are aiming for SBI PO this year, you must have the exact idea of the SBI PO salary 2022. It is also essential for you to know about the nature of work, duties, and career objectives of an SBI PO.

  • SBI PO in-hand salary is comparatively higher than any other banking organization.
  • The SBI PO starting salary may also differ on the place of posting. Usually, employees posted in metropolitan cities get higher pay.
  • With the designation and attractive salary, an employee also gets other benefits like PF, Medical aid, LTC, etc.

Let us now discuss the emolument structure of SBI PO, including the basic pay, salary components, in-hand salary, and perks of this reputed job.

SBI PO In Hand Salary

According to the latest notification PDF, the SBI PO basic pay is 41,960/- (with 4 advance increments) on the scale of 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to Junior Management Grade Scale-I. This amount may differ from the place of posting of the employee. Employees posted in cities like Mumbai, Delhi, and Kolkata get comparatively more.

Apart from the in-hand salary of SBI PO, they are entitled to several benefits and allowances while on the job, such as D.A, H.R.A/ Lease rental, C.C.A, Medical, and other allowances & perquisites as per rules.

SBI PO Salary Slip

The knowledge of the SBI PO starting salary and its various other components plays an important role for a candidate while preparing for the exam. It gives the motivation to prepare harder and also get to know the future prospects and possibilities of SBI PO career growth. We have attached the SBI PO salary slip for 2019 for reference.

sbi po salary slip

SBI PO Annual Package

SBI is a reputed bank and is known for its lucrative salary. The attractive SBI PO salary is one of the many reasons for it to be the applicants’ first choice. As per the official notification of SBI, the total compensation or salary package of SBI PO per annum would be a minimum of Rs. 8.20 Lakhs and a maximum of Rs. 13.08 Lakhs, depending on the place of posting and other factors.

SBI PO Perks and Allowances

Some of the major perks offered by SBI have been listed in the table below. Check the complete SBI PO salary structure, including SBI PO grade pay and all the allowances.

SBI PO Basic Pay 2022

₹ 41,960/- (with 4 advance increments)
(in the scale of 36000-1490/7-46430-1740/2-49910-1990/7-63840)

Dearness Allowance

This is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently, DA is 46.9% of the basic pay.

City Compensatory Allowance (CCA)

This varies with the place of posting at 4% or 3%.

Leased House Accommodation

SBI PO may take a house on lease, the amount of which varies with posting between a minimum of. ₹ 8000/- (in rural areas) and a maximum of ₹ 29500/- (in Mumbai).

Furniture Allowance

₹ 120000/- for the purchase of furniture

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

50 Lts (For 2 wheelers) Or 55 Lts (For 4 Wheeler) Or Approx. ₹ 1100-1250 if you don't have 2/4 wheelers (conveyance allowance).

  • Apart from the perks and benefits mentioned above, SBI PO also enjoys numerous monthly perks like tea & coffee, newspaper allowance, cleaning & labor, entertainment, etc., which is 4000/- approx.
  • He also gets loans at concessional rates from the State Bank of India for cars, homes, and other personal loans.
  • Travel concession or leave fare concession is also given to the SBI PO.

SBI PO Job Profile 2022

The SBI PO job is preferred by several banking aspirants today. One of the reasons is the lucrative starting salary of SBI PO and the other special allowances that one is entitled to. Before entering the process, it is essential to peek into the SBI PO job profile and understand what exactly an SBI Probationary Officer does.

  • After joining, SBI PO is subject to a probation period of 2 years. In this period of time, they learn more about the functioning of the banks and the duties related to their profile.
  • At the time of joining, a PO in SBI will also be required to sign a bond of 2 lakhs to guarantee a three years service to the bank.
  • Common tasks of a probationary officer may include - gaining practical knowledge of various banking aspects, Customer Services (which may range from passbook printing to account opening and much more), supervision of clerical work, Loan Processing, etc.
  • Training to the SBI PO is provided in various fields like - Retail (Personal) Banking, Advances, Rural Banking (Agriculture training), etc. During their probation period.
  • After the selection, SBI PO is directly sent to the branch allotted after meeting the RM of the circle. After reporting to the branch manager, he learns the various aspect of daily banking profile.
  • During the probation period, specialized training is also given to the employees.
  • After the probation period, SBI PO needs to undergo a screening procedure, qualifying which he/she will be confirmed as Officer Middle Management Grade Scale-II.

The job profile of an SBI PO is highly versatile and may demand the officer to engage in clerical work according to the needs. All this should be taken in good spirits and must be seen as a great way to learn new things.

Eventually, when you have to take up a managerial profile, you can’t expect to pull it off properly unless you clearly understand how things are done at the root level. So, think of it as the first step of the ladder essential to get to the next level.

SBI PO Promotion & Career Growth

SBI offers immense growth opportunities. The SBI PO promotion cycle is pretty fast, and one can even reach up to the group's chairman level. A perfect example of this would be the previous Chairperson of SBI, Mrs. Arundhati Bhattacharya, who started as a PO in SBI in 1977. The SBI PO promotion and salary are the two most important points that lure banking aspirants towards it.

SBI PO Promotion Hierarchy

  • Probationary Officer (Assistant Manager, JMGS - I)
  • Deputy Manager (MMGS)
  • Manager (MMGS)
  • Chief Manager (MMGS)
  • Assistant General Manager (SMGS)
  • Deputy General Manager (TEGS)
  • Chief General Manager (TEGS)
  • General Manager (TEGS)

The SBI PO promotion policy provides an opportunity for the meritorious and exceptionally brilliant officers to reach the Top Management Grade reasonably quickly. SBI also offers foreign postings to selected officers based on their performances. It has over 190 foreign offices in 36 different countries.

Clearly. there are numerous reasons to join this reputed organization. It is the only bank from India under Fortune 500 companies globally. SBI is a huge brand, and being part of such an esteemed organization speaks volumes. So, start your SBI PO preparation now!

Other Important Links

SBI PO Mock TestSBI PO Online Coaching
SBI PO Cut OffSBI PO Vacancy
SBI PO Application FormSBI PO Eligibility Criteria
SBI PO Syllabus PDFSBI PO Selection process
SBI PO Question PapersSBI PO Salary 
SBI PO Study MaterialSBI PO Practice Set

SBI PO Salary 2022 FAQs

  • The SBI PO salary with basic pay structure is ₹ 41,960/- (with 4 advance increments). The salary and its basic components may vary; as it depends on cities and their expenditure.

  • The in hand salary of SBI PO after making all the certain deduction gets 42,000- 44,000/-. This amount may differ from the place of posting of the employee.

  • A PO in SBI is entitled to receive several perks and benefits other than the SBI PO salary:

    • Dearness Allowance
    • City Compensatory Allowance (CCA)
    • Leased House Accommodation
    • Furniture Allowance
    • Medical Insurance
    • Travelling Allowance etc.
  • Yes, the SBI PO salary is more than the IBPS PO. SBI being the largest bank in India, provides attractive pay scales, career growth, and promotion structure.

  • Yes, a candidate has to serve a probation period of 2 years from the time of his/her joining in SBI. However, it may be extended as per your performance.

  • The SBI PO promotion policy is quite transparent and quick. The steps are as follows:

    • Probationary Officer (Assistant Manager, JMGS - I)
    • Deputy Manager (MMGS)
    • Manager (MMGS)
    • Chief Manager (MMGS)
    • Assistant General Manager (SMGS)
    • Deputy General Manager (TEGS)
    • Chief General Manager (TEGS)
    • General Manager (TEGS)

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