What is the salary of an SBI PO officer?

State Bank of India offers very attractive salary package in the banking sector and in the government sector too. The starting salary is about Rs. 12,93,000 per annum which attracts lacs of aspirants every year.

Besides basic salary SBI PO enjoys various allowances such as Dearness Allowance, City Compensatory Allowance, HRA or House Rent Allowance, Furniture Allowance, Medical Allowance, Travelling Allowance, Petrol Allowance, Newspaper Allowance, Entertainment Allowance, Briefcase Allowance, etc. SBI PO 2018 gets a job satisfaction with such heavy and encouraging package. These compensations range between 7.5 lacs to 12.9 lacs per annum which enable them to meet their family needs.

The break-up of salary of SBI PO is given below:

Basic Pay

INR 27,620

Pay Scales Applicable

23,700 – 980/7 – 30,560 – 1,145/2 – 32,850 – 1,310/7 – 42,020

Dearness Allowance

46.9% of Basic Pay

City Compensatory Allowance

3% – 4% depending on City

House Rent Allowance

7% – 9% depending on City/Place of Posting

Furniture Allowance

INR 1,20,000

Medical Insurance

100% covered for employee; 75% covered for family members

Travelling Allowance

AC 2-tier fare is reimbursed to the employee for official travels

Petrol Allowance

INR 1,100 – 1,250

Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.

Varies based on Cadre

Gross Compensation

INR 7.55 lakh – INR 12.93 lakh per annum

An SBI PO definitely gets a higher salary package as compared to other organizations in the country.

There are other benefits availed by a PO such as:

• Liberal leave strategy-

SBI PO gets 12 casual leaves besides 30 privilege leaves, and 15 medical leaves per year. Maternity leave is given to females for 6 months.

• Leave travel concession–

LTC is another advantage that SBI employees enjoys once  in 2 or 4 years. SBI PO can also stay in any of the guest houses provided by SBI in case they are visiting that part of the country.

• Attractive compensation package–

SBI is one  such bank in the country that provides a package where an SBI employee can choose to monetize certain parts of their compensation package.

• Regular training and professional development –

SBI PO position enjoys the regular training and development program as and when there is any change introduced in the system. It helps them to keep them updated with the latest developments in the system without taking any formal training from the market.

All these factors make SBI PO as one of the most preferred job in the country. Therefore make the most of it by joining BANK COACHING IN CHANDIGARH to grab the DREAM JOB to enjoy a prestigious career.