SBI PO Salary 2022, Check Revised Payscale, Salary Structure, Allowances and More

Safalta Expert Published by: Himani Mehra Updated Thu, 22 Sep 2022 07:35 PM IST

Highlights

Check detailed SBI PO salary. Get to know the revised SBI PO payscale, allowances and more.

SBI PO Salary 2022: SBI PO basic salary is around Rs. 41,960/All the aspirants of banking aspirants should know SBI PO salary structure along with other information related to the exam. Now that SBI PO 2022 notification has been released by the State Bank of India, candidates should gear up their preparations for the exam and be aware of the information related to the exam. There have been revisions in the salary of SBI PO and it is a very handsome amount which attracts a lot of candidates for this exam. Read this article to know SBI PO salary and other details.  SBI Clerk (Pre + Mains) Online Course- Join Now 
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SBI PO Salary 2022

SBI PO salary is as per the 11th Bipartite Settlement. The pasycale of SBI PO is  36000-1490/7-46430-1740/2-49910-1990/7-63840. The initial basic salary is Rs. 36,000 and there are four increments.

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Along with a good salary, there are different allowances such as Dearness Allowance, House Rent Allowance etc which further add to the benefits of this job.

SBI PO Salary Structure


The detailed salary structure of SBI PO is as follows:
SBI PO Salary Structure: Basic Pay
Rs 41,960/- (Increment in 4 stages)

1st Increment- Rs. 36000-1490/7

2nd Increment-Rs. 46430-1740/2

3rd Increment- Rs. 49910-1990/7

4th Increment- Rs.

63840


Other than the basic salary, the other allowances and deductions in SBI PO salary are as follows:
Special Allowance Rs. 6,881
Dearness Allowance: 46.9% of the basic pay Rs. 12,701
Location Allowance: 3% or 4%(depending on the place of posting) Rs. 700
Learning Allowance Rs. 600
HRA Rs. 2,937
Gross Salary Rs. 65,780
Deduction (PF/Income Tax/Professional Tax/Pension) Rs. 12,960
Net Salary Rs. 52,820


Also Read:
SBI PO Eligibility SBI PO Cut Off
How Many Candidates Applied for SBI PO? Bank PO Salary
 

SBI PO In-Hand Salary

The in-hand salary of SBI PO is Rs. 52000- Rs. 55000 per month. As the tenure of service increases there are increments in basic pay and allowance which increment the in-hand salary received by SBI PO. 
 

SBI PO Allowances and Benefits

The different allowances and benefits received by SBI PO are as follows:
Dearness Allowance 
City Compensatory Allowance 
House Rent Allowance 
Furniture Allowance 
Medical Insurance 
Travelling Allowance
Miscellaneous
Petrol Allowance 
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. 
 

SBI PO Job Profile

There is generally a probation period of 2 years. After that, the PO become regular officers in SBI. The role and responsibility are the same across the banks, the workload and area of work vary.  The roles and responsibilities of SBI PO are as follows:
  • Branch work - related to banking and finance.
  • Sector-specific work - promoting schemes and financial products for agriculture.
  • Managing single-window operating system.
  • Manage day-to-day operations at Bank.
  • Preparing the audit reports and NPA recovery also forms a major job task.
 
 

What is the payscale of SBI PO?

The payscale of SBI PO is 36000-1490/7-46430-1740/2-49910-1990/7-63840.

What is SBI PO basic salary?

The basic salary of SBI PO is Rs 41,960.

Do Probationary Officers in SBI receive allowances?

Yes, SBI PO are eligible to receive various allowances such as DA, Medical Allowance and so on.

What is the probation period of SBI PO?

The probation period of SBI PO is 2 years.

What is the in-hand salary of SBI PO?

The in-hand salary of SBI PO is Rs. 50,000/- to Rs. 55,000/-

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