SBI PO Salary and Allowances: Is It really 12 lakhs Rs per year ??

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SBI PO Salary

SBI PO Salary will cover all your doubts regarding Salary of a PO in SBI, Allowances, Compensation, emoluments that can go up to 12 lakhs per annum

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SBI PO Salary and Other Allowances: Total Emoluments

Dear Future SBI POs

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The notification for SBI PO is out. Consequently, there’s a lot of buzz about its notification. So before even applying for it, we will help you get a real picture of the inside story. If you-you want to know, what salary you will be getting after you clear the prestigious SBI PO Examination, you are at the right place.

Understanding the Salary and Compensation is important just like paying attention to the Job profile. Knowing the technicalities beforehand not only saves you from unexpected surprises after joining SBI but also gives you an extra edge in planning your life accordingly.

We have also included certain important doubts that arise in the aspirant’s mind. This is a must read for all.

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SBI PO Salary

According to this year’s notification regarding SBI PO Salary,

  • the pay scale for SBI PO is`23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I.
  • Presently, the starting basic pay is `27,620/- (with 4 advance increments).
  • Not only this, The official will also be eligible for D.A, H.R.A/Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time. Allowances may vary depending upon the place of posting.
  • The total compensation per annum would be a minimum of `7.55 lakhs and a maximum of `12.93 lakhs depending on a place of posting and other factors.
  • Also, SBI plans to offer SMART Compensation Package which would enable candidates a choice to monetize specific elements of the salary package

Click here for SBI PO Previous Year Papers

Important Doubts Regarding SBI PO Salary:

Will I get any salary during my Probation??

Yes, All selected candidates for officer position will be on a probation period of two years. You will get the same salary given above during probation as well.

Do I have to pay for training like the case with various Manipal Courses??

No, not even a single penny. Instead when you are undergoing your classroom training, even then you will be getting the full salary. (LEARNING AND EARNING AT THE SAME TIME)

Will I really get 12 lakhs Rs per year as a salary in hand??

Well, this is the most doubtful question. Not your hand salary, but yes the total compensation can go up to 12 lakhs per annum which includes

  • Your basic salary
  • Dearness Allowance
  • City Compensatory Allowance
  • Tax and PPF
  • Allowances like Petrol, Newspaper, Entertainment, Tea and Coffee.
  • Leased rent Accommodation (Or Staff Quarter if available at your place of posting)

Apart from the basic pay, the compensation amount of other things varies as per place of posting, and thus Overall Compensation will come inside the bracket of 8-12 lakhs.Start Preparing for SBI PO Now!

Friends, this is it for Salary and allowance of an SBI PO. If you have any queries regarding it, please ask us in the comments section below and we will be glad to answer them for you.

 

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  • Previous Year Paper for Mains Exam.
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  • Amandeep Singh

    Is there any minimum percentage required for appearing in the SBI PO Examination ?

    • Afzal Ansari

      no

  • AYUSHI SINHA

    if i want to do mba but before that i give po exams then will there be any advantage from that regarding mba fees , or promotion ?????

    • Afzal Ansari

      no forget mba focus on bank po

  • Harmeet

    what is the cutt off for post po in sc category

  • pooja

    i have a question.. can we quit the job during sbi po training period..if yes..how much we have to pay ? nearly how much we get after adding all the DA etc in hand during probation period ?

    • Tippu Ajmal

      Almost One month salary u need to pay.salary u will get around 46k in hand including all allowances.

  • Gopesh Tiwari

    If I placed in C grade places such as sultanpur in UP what will be the total monthly Inhand Salary

  • Ankush

    IN HAND SALARY ?

    • AMIT CHAUDHARY

      Varies a lot as per place of posting

  • Kethan naik

    Is there any problem in interview ,if we enter wrong percentage of marks of degree in application form

    • AMIT CHAUDHARY

      Yes there is if you enter any wrong detail

    • MANJU

      I assure you.. No problem at all…
      they only check at the time of interview…
      that too original documents like marks cards..
      dont worry yaar….

  • RSChauhan

    i m from kanpur UP……i was selected in ibps iv as a po in BOB n my 1st posting was in chennai…very critical environment was thr….after six month i again selected in UP as a junior teacher…n i resigned from bank’s job…now i m happy…little work n full salary….bank ki job se achha hai kirane ki dukan khol lo…bhagwan bachaye aisi job se

    • AMIT CHAUDHARY

      Haha RSChauhan Nice analogy,
      But, may be your main problem was not the work environment but city of posting.
      Agar tumko UP hi mil jata Bank mai to tum aaj bhi bank mai hi hote

  • JEEVA

    is it mandatory for SBI PO that conversion of CGPA to % certificate? mandatory means, how to get it from anna university in tamilnadu? please reply..

    • AMIT CHAUDHARY

      Every University has a conversion criteria
      Check on the website of Anna University

  • Pankaj k. sinha

    23700-980/7-30560-1145/2-32850-1310/7-42020
    can u explain this salery pattern step wise?

    • AMIT CHAUDHARY

      23700 means initial basic will be 23700
      980 means increment per cycle will be 980
      7 means 7 such increments will happen
      after that you will reach 30560
      Then the next cycle will follow and so on

      • Narendra Yadav

        thanks bhai …
        nice explaination

        • AMIT CHAUDHARY

          you are welcome

          • Himanshu Gajbhiye

            increments will happen at what interval?? monthly or quarterly?

          • AMIT CHAUDHARY

            Generally they happen annually

      • Pankaj k. sinha

        thanks fr the explanation

      • Rahul

        “7 means 7 such increments will happen”

        Is this increments are on yearly or monthly basis?

    • Kiran

      padhaiiiii kar pahleeeeeeeeeee

    • Anand Shankar

      It ia a Pay Scale salary pattern.