SBI PO Salary Structure 2022 (Revised) Pay Scale, Allowances
SBI PO Salary Structure 2022
Are you going to apply for SBI Vacancy, if yes then you must know SBI PO Salary Structure 2022 before applying? It is very necessary for those candidates who willing to get jobs under the State Bank of India [SBI]. The Bank is counted as one the largest commercial bank in India, every year over lakhs of aspirates applied for SBI jobs because of its status and secure future. The SBI PO 2022 Preliminary exam is going to be held on 8th, 9th, 15th & 2022. Students who are going to be appearing for the exam might be wondering about the SBI PO Salary Structure 2022. Here we have covered detailed information about SBI PO Salary 2022 Allowances 2022 & all information on SBI PO Pay Scale 2022 | 2022.
Here in this studydesire.com web page, you will find a complete description of SBI PO Salary Structure 2022 and promotion visit of SBI PO in hand. After going through the sections below, you will know about the SBI Bank PO salary and the allowances after the 7th CPC, which meets the PO in their working career. Aspirants must follow all sections & points that our experts mentioned below.
Short Overview of SBI PO Salary Structure 2022
|
Exam Conducting Authority |
State Bank of India |
|
Name of the Post |
Probationary Officers |
|
Exam Stages |
Prelims, Mains, and Interview |
|
Job Type |
Central Government Job |
|
Exam Mode |
Online |
|
Official Website |
SBI PO Salary Structure 2022
Eligibility for SBI bank PO for the year of 2022 | 2022
SBI PO Eligibility Criteria 2022 include all necessary factors like education qualification, age limitations, relaxation in age etc as mentioned below:
SBI PO Educational Qualifications
- Those who are willing to apply for SBI Jobs should have a bachelor’s degree in any subject from a recognized university or any equivalent qualification recognized by the Central Government.
- In the last year / semester of their graduation level, students gave proof of passing the graduation exam on or before 31-08-2022
- Candidates, with the integrated dual degree (IDD) certificate, have the date of passing the ID on or before 31-08-2022
- The person holding the qualification of a chartered accountant
SBI PO Age Limit 2022
- Minimum Age – 21 years
- Maximum Age – 30 years
SBI PO Age Relaxation:
- SC/ST – 5 years
- OBC (Non-Creamy Layer) – 3 years
- PwD (SC/ST) – 15 years
- PwD (OBC) – 13 years
- PwD (Gen) – 10 years
- Ex-Servicemen, Commissioned Officers with 5 years’ service completed and released – 5 years
- Jammu & Kashmir domiciled during 01.01.1980 to 31.12.1989 – 5 years
What is the starting salary of SBI PO?
Those who are willing to apply for SBI PO Recruitment 2022 | 2022 will surely get starting basic pay for SBI PO is Rs. 27,620/- (with 4 advance increments). The pay scale is Rs. 23700-980/7- 30560-1145/2-32850-1310/7-42022. After increment, candidates would able to get a higher pay scale as per designation.
What is the salary of SBI PO in hand 2022?
If a question trending in your mind, what salary of SBI PO in Hand 2022 | 2022 then know it. The salary of SBI PO is now about Rs. 42,000 in metros cities After the revision of the wage, the person can expect a 15-20% increase in salary by hand. Total SBI PO pays scale 2022 per year will be Rs 8.20 lakh and a maximum 13.08 lakh rupees (depending on your posting and place of other factors).
What is the basic salary of bank PO?
The basic salary of SBI PO that candidates will get is Rs. 23,700 With the advance increment, the SBI provides a basic salary of Rs. 27,620 Post can increase their basic salary by passing examinations like JAII and CAIIB.
SBI PO Salary Structure 2022
Apart from the SBI PO 2022 basic pay 2022 of Rs 27, 620 (in the scale of 23700-980/7- 30560-1145/2-32850-1310/7-42022), the SBI PO Salary Structure 2022 will include the following allowances:
SBI PO In-Hand Salary 2022
SBI PO salary has been fixed as per the bipartisan settlement. SBI PO Basic Pay Scale Rs. 23700-980 / 7-30560-1145 / 2-32850-1310 / 7-42020 as applicable for Junior Management Grade Scale I. The initial basic salary will be Rs. Rs. 27,620 / – with 4 advance increments. Apart from basic salary, candidates will also be eligible for various allowances and other benefits. Considering the basic salary and allowances, the total salary is about Rs. 40000 / – to Rs. 45000 / – depending on the location of posting and other factors.
How to calculate SBI PO Allowances 2022
|
Basic Pay |
Rs.27,620/- (with 4 advance increments) |
|
1st Increment |
Increment of Rs. 980/- for next 7 years |
|
2nd Increment |
Thereafter, Increment of Rs. 1145/- for next 2 years |
|
3rd Increment |
Thereafter, Increment of Rs. 1310/- for next 7 years |
Check the year-wise basic pay and annual increment from the table below:
|
Period |
SBI PO Basic Salary |
Increment |
|
For the first 7 years |
Rs. 23700/- |
980 |
|
For the next 2 years |
Rs. 30560/- |
1145 |
|
Another 7 years |
Rs. 32850/- |
1310 |
SBI POs are also eligible for DA, HRA / Lease Rental, CCA, Medical, and other allowances and perquisites as per rules applicable from time to time. The total SBI PO salary on CTC basis will be a minimum of 8.20 lakhs per year and a maximum of 13.08 lakhs (depending on the location of your posting and other factors).
As per the official notification, SBI may offer a smart compensation package, subject to the necessary approvals which will provide candidates the option to monetize specific elements of the SBI PO Salary Package.
SBI PO Salary Allowances 2022
Check SBI PO salary allowance details are provided below:
|
Dearness Allowance (DA) |
The DA is calculated based on the Consumer Price Index (CPI) and is revised every quarter. You can expect your DA to be around 46.9 % of the Basic Pay. However, it will go up or down based on inflation. |
|
City Compensatory Allowance (CCA) |
This is calculated based on your city of posting and ranges between 3 to 4 % of the Basic Pay. |
|
Leased House Accommodation/House Rent Allowance (HRA) |
This too depends upon the city of your posting and can vary from Rs 8000 (in rural areas) to Rs 29,500 (in a city like Mumbai). |
|
Travel Allowance (TA) |
SBI reimburses the travel cost for official travels. |
|
Medical Insurance |
SBI provides 75% insurance for families and 100% for the employee. |
|
Furniture Allowance |
Rs 1,20,000 for the purchase of furniture. |
|
Loan Benefits |
Employees get a discount/ low interests rates on loans. |
|
Petrol |
Rs. 1100 – Rs. 1250 |
SBI PO Pay Scale 2022 | 2022: Additional Benefits
SBI Probationer Salary Benefits 2022
- Medical insurance (100 percent for SBI PO and 75 percent for family members)
- Cashless treatment in selected medical facilities around the country
- Newspaper allowance
- Books and magazines allowance
- Petrol allowance
- House maintenance allowance
- Telephone bill reimbursement
- Entertainment allowance
- Concessionary interest rates for House Loan, Car Loan, and Personal Loan
Career Journey for SBI PO 2022
SBI Bank recruit’s two-year probation period to impart deep training to eligible candidates. Upon completion of the training, candidates will have to go through the screening process.
Trained officers who will be deemed competent to set standards and they will be promoted to higher level i.e. officers in middle management grade scale-II and various other positions.
- Probationary Officer
- Deputy Manager (MMGS II)
- Manager (MMGS III)
- Chief Manager (SMGS IV)
- Assistant General Manager (SMGS V)
- Deputy General Manager (TEGS VI)
- General Manager (TEGS VII)
In above we have covered all detailed information about SBI PO Salary Structure 2022-20 (Revised) Pay Scale, Allowances that would surely help a lot, if you find any query and suggestion regarding above details comment down below our studydesire.com experts team will serve you with best possible solution.
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