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What Is The In Hand Salary Of SBI PO?

What Is The In Hand Salary Of SBI PO? Published by: suzan poudel Updated Mon, 12 Apr 2021 12:17 PM IST
Source: pinterest
SBI PO stands for State Bank of India Probationary Officer. This examination is conducted every year for recruiting Probationary Officers in SBI all over the country. The Recruitment process consists of 3 stages namely- Preliminary Examination, Mains Examination and Personal Interview.

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In Hand Salary

In hand salary means the amount that a candidate recieved by any candidate after deducting all necessary taxes. The in hand salary of an SBI PO ranges from Rs 42000 to 44000 . The Gross compensation received by the candidate ranges between 8.20 Lakhs (minimum) to Rs. 13.08 lakhs
(maximum) per annum.The amount that an employee recieves greatly varies with the job location .

SBI PO SALARY :

The SBI PO salary is set as per the Bipartite Settlement. SBI PO Salary in India- The Basic Pay is Rs 27620/- and Increment is done in 4 stages.

1st Increment- Rs. 23700-980/7

2nd Increment-Rs. 30560-1145/2

3rd Increment- Rs. 32850-1310/7

4th Increment- Rs. 42020




SBI PO Allowances:

Apart from the basic salary the job includes a number of allowances that contributes to the total sum. There are some standard allowances that a Probationary officer in SBI is entitled to along with the basic salary . These include:
 
Dearness Allowance  46.9% of basic pay
City Compensatory Allowance(CCA) 3% / 4%(depends upon the place of posting).
Leased House Accommodation Minimum- Rs 8000/-(Rural); Maximum- Rs 29500/-(Urban)
Medical Insurance   100% for employees; 75% for family members
Furniture Allowance Rs 120000/-
Travelling Allowance A reimbursement will be offered for AC-2Tier travels (Exclusively for official travels)
Miscellaneous  Rs 4000/-
Total Compensation  7.5 lakhs to 12.9 lakhs annually
 



Apart from all of these allowances, the officer will also be allowed the following allowances :



Cashless treatment in selected medical facilities around the country.
Petrol allowance
House maintenance allowance
Telephone bill reimbursement
Concession for Leave /Home Travel Concession
Concession on interest rates for House Loan, Personal Loan, etc
Newspaper allowance

Firstly the candidates who qualify for the SBI PO exam will have to serve a probation period of 2 years during which the candidates will be assessed on the basis of their performance. Those candidates who will qualify in the assessment will be then confirmed a position as Junior Management Grade Scale I.

Deputy Manager
Manager
Chief Manager
Assistant General Manager
Deputy General Manager
General Manager
Chief General Manager

HOW TO PREPARE FOR SBI PO?

Safalta has started an online batch for SBI PO for those students who are preparing for the entrance exams. The course will provide 180+ downloadable study material, classes of 2 hours daily (Mon-Sat), counselling session by expert facilities, strategy and techniques on how to solve the examination, a telegram group with regular updates, weekly test, special question and answer sessions and many more.

SBI PO FOUNDATION BATCH click here

Disclaimer

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