SBI PO Salary 2021: In Hand, Pay Slip, Job Profile and Career Growth

SBI PO Salary 2021: In Hand, Pay Slip, Job Profile and Career Growth

ByAkash Mishra  |  Updated on: Oct 4, 2021SBI PO 2021 Exam: Check latest updates on SBI PO Mains exam date, admit card, and preparation material such as papers, syllabus, pattern, books, etc.
SBI PO 2021 Exam: Check latest updates on SBI PO Mains exam date, admit card, and preparation material such as papers, syllabus, pattern, books, etc.
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SBI PO Salary 2021

SBI PO Salary 2021: The largest public sector bank of India, i.e., SBI has released the notification for the recruitment of a Probationary Officer. All the aspirants who are preparing for the SBI PO 2021 exam must be eager to know about the SBI PO salary in hand, job responsibilities, pay and perks, salary slip, and allowances.

SBI PO draws a handsome salary along with a lot of perks and benefits that come along with the post. Before preparing for the SBI exam students look for the SBI PO Job profile 2021, salary structure, or in-hand salary besides getting other perks and benefits.

Candidates who are aiming for SBI PO must be eager to know the SBI PO Salary slip. Below, we have discussed SBI PO basic pay, salary structure, allowances and Perks, SBI PO work profile, etc. 

To help you with the insight of this profile, we are sharing complete details of the SBI PO in-hand salary, Gross Salary, Job Profile, and career progression. This will help you set an aim to clear SBI PO 2021. Let us brief the details.

Check here:

SBI PO Salary Structure (Gross & in-Hand)

SBI is one of the most coveted jobs due to its attractive SBI Bank PO Salary. It is among 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 as compared to an IBPS PO. They get more allowances as well. If you are aiming for SBI PO this year, then it is essential for you to know what exactly the work of a probationary officer, what are his duties, and what career objectives he can fulfill, and what is SBI Bank PO salary.

  • SBI Bank PO salary is comparatively higher than any other banking institution.
  • The starting salary of SBI PO may also differ on the place of posting. Usually, employees posted in metropolitan cities get higher pay.
  • With the designation, attractive salary, an employee also gets some 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 Annual Package

As per the official notification of SBI, the total compensation per annum for SBI PO would be a minimum of 8.20 Lakhs and a maximum of 13.08 Lakhs depending on the place of posting and other factors.

SBI PO Salary Structure & Perks Offered

Some of the major perks offered by SBI have been listed in the table below. Check the complete SBI PO salary structure.

SBI PO Basic Pay 2021 (based on the notification released last year)

₹ 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


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 & labour, entertainment, etc. which is 4000/- approx.
  • He also gets loans at concessional rates from the State Bank of India for car, home, and other personal loans.
  • Travel concession or leave fare concession is also given to the SBI PO.

Check also:

SBI PO In-Hand Salary 

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. As employee posted in the cities like Mumbai, Delhi, Kolkata gets comparatively a bit more amount. If you have any doubts regarding the exam, read the SBI PO FAQs, and find all the answers. We have also attached the SBI PO Salary slip to make you understand easily.

SBI PO Salary Slip

We have given below the SBI PO salary slip for your knowledge.

Note: The above salary details are as per the SBI PO 2019 notification. As soon as the revised salary information announced, we will update it here.

SBI PO Job Profile 2021

Let us now understand what exactly does an SBI Probationary Officer do?

  • 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 duties related to their profile.
  • 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 period of probation, 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 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 will have to take up a managerial profile, you can’t expect to pull it off properly unless you have a clear understanding of how things are done at the root level. So, think of it as the first step of the ladder which is essential to get to the next level.

Related Useful 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 Career Growth & Promotion

SBI offers immense growth opportunities. The promotion cycle in SBI is pretty fast and one can even reach up to the level of chairman of the group. A perfect example of this would be the previous Chairperson of SBI, Mrs. Arundhati Bhattacharya who started as a PO in SBI in 1977.

Promotions in SBI follow the undermentioned path -

  • 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 promotion policy of SBI provides an opportunity for the meritorious and exceptionally brilliant officers to reach the Top Management Grade in a reasonably quick time.
  • 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 the Fortune 500 companies globally. SBI in itself is a huge brand and to be part of such an esteemed organization speaks volumes. So, start your SBI PO preparation now!

Posted by:

Akash MishraAkash MishraMember since Jul 2019
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SBI PO Salary FAQs

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  • The basic pay of the SBI Probationary Officer is ₹ 41,960/- (with 4 advance increments).

  • 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 SBI PO gets the following perks and benefits:

    • Dearness Allowance
    • City Compensatory Allowance (CCA)
    • Leased House Accommodation
    • Furniture Allowance
    • Medical Insurance
    • Travelling Allowance etc.
  • Yes, SBI PO earns more than the IBPS PO.

  • Yes, a candidate has to serve a probation period of 2 years from the time of his/her joining. 

    We hope the above-listed factors were motivating enough for you all to pull up your socks for this year’s SBI PO Exam.

PO, Clerk, SO, Insurance