{NEW} SBI PO Salary 2023 Check Complete Details
A probationary officer is one of the preeminent positions in the banking sector. Candidates who get appointed as State Bank of India probationary officers not only get a handsome amount of salary but also avail themselves of various perks and other benefits. Here, on this page, we are discussing SBI PO Salary 2023 details. Aspirants can check the SBI PO In-Hand Pay Scale After the 7th CPC along with the job profile, career path, responsibilities, and other details.
In the present scenario, the basic pay scale for SBI PO posts is Rs 27,620 per month. The basic pay scale for SBI for Junior Management Grade Scale I is 23700-980/7, 30560-1145/2, 32850-1310/7, 42023. Along with the salary, appointed aspirants will also get Dearness Allowance (DA), City Compensatory Allowance (CCA), Travel Allowance (TA), Medical Facility, and others. The total compensation amount on a CTC basis varies according to posting location and ranges from Rs 8.20 lakhs to Rs 13.08 lakhs per annum. If you want to learn more about State Bank of India PO Jobs Salary, visit this StudyDesire.com page.
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SBI PO Salary 2023
SBI PO Salary Structure
| SBI PO Basic Pay | Rs 27620/- ( Increment in 4 stages-
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| Dearness Allowance | 46.9% |
| City Compensatory Allowance(CCA) | 3% or 4% |
| Leased House Accommodation |
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| Furniture Allowance | Rs 120000/- |
| Medical Insurance | 100% for employees
75% for families |
| Travelling Allowance | Reimbursement for AC-2Tier (Exclusively for official travels) |
| Petrol | Rs 1100-Rs 1300/- |
| Miscellaneous | Rs 4000/- |
| Total Compensation(Annually) | 7.5 lakhs to 12.9 lakhs |
| Loan Benefits | Concession on interest rates |
SBI Probationary Officer Allowances
State Bank of India also provides some allowances to their Probationary Officers along with the basic pay scale. Here, we are providing details of SBI PO allowances.
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SBI PO Salary Allowances |
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| Dearness Allowance (DA) |
The DA is calculated based on the Consumer Price Index (CPI) and is revised every quarter i.e. 46 percent of the basic pay. |
| Leased House Accommodation / House Rent Allowance (HRA) | According to city of posting and can vary from Rs 8000 (in rural areas) to Rs 29,500 (in Mumbai). |
| Travel Allowance (TA) |
For official travels, SBI PO gets reimbursement of travel cost. |
| City Compensatory Allowance (CCA) | On the basis of place of posting and ranges between 3 to 4 percent of the basics |
| Furniture Allowance |
Rs 1,20,000 |
SBI PO Additional Benefits
The candidates who will be get selected as PO in State Bank of India also get additional benefits as mentioned below in table. Check below:
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Medical insurance (100% for SBI PO and 75% for family members) |
Concessionary interest rates for House Loan, Car Loan, and Personal Loan |
| Cashless treatment in selected medical facilities around the country | House maintenance allowance |
| Newspaper allowance | Telephone bill reimbursement |
| Books and magazines allowance | Entertainment allowance |
| Petrol allowance | – |
SBI PO Career Path
State Bank of India also provides a good opportunity for a career for Probationary Officers. The career growth for PO designation is very high. Once you will get the SBO PO post, soon you will get selected by the high authority of the bank.
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SBI PO Salary 2023
The State Bank of India (SBI) has announced the salary revision for its probationary officers (POs) and other employees. The salary revision will take effect on July 1, 2023. The bank has not disclosed the salary range for its PO, but we have a complete salary structure for SBI PO Salary 2023. The PO salary has been increased by up to 300%.
The State Bank of India is one of the largest financial institutions in the country and provides a wide range of banking and financial services. The bank has its headquarters in Mumbai, which is also its largest branch. SBI PO salary is one of the most attractive packages offered by the bank, which has a huge pool of talent in the country. It is one of the best places to work in India and offers great career growth.
The salary of a PO is one of the most important aspects of his job. After all, it’s the money that makes it possible to pay the bills, support a family, and do the things you want. So, it’s important to know what the current salary of a PO is, so you can make sure you’re getting a fair deal. You don’t want to be underpaid, but you also don’t want to overpay for a position that has a low salary range.
SBI Associate General Manager, PO Department SBI, India’s largest bank, has been making headlines over the past few years. The largest bank in India has been on an acquisition spree. It has acquired a lot of banks and financial service companies in the last decade.
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