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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33 COMMENTS

  1. Suppose a candidate clear SBI PO exam and latter want to pursue higher studies , say for example MBA. Will the bank provide with 2 years of leave for the said purpose?

  2. 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 ?????

    • Hi Ayushi, Afzal Ansari is Right, I am MBA graduate and It’s totally useless_ unless you are from IIM or some top colleges of Country_ not only me, many of my friends who have completed MBA & who are currently employed with private companies also regret about the time and money they spent on MBA, forget MBA focus on Bank PO exam you will have bright future ,learn from ours mistake.

  3. 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 ?

  4. 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

    • 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

  5. 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..

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