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SBI PO Salary 2022: Salary Structure, Salary Slip, In hand Salary, Promotion, Allowance

SBI PO Salary 2022: In SBI PO Recruitment, the State Bank of India offers attractive salaries to qualified applicants for the position of Probationary Officer. SBI PO Salary 2022 will be broken down into several categories, including in-hand salary, allowances, benefits, and more. The SBI PO Salary Structure will be posted on the official website along with the recruitment notification. The basic pay for the mentioned post, as per the previous year’s SBI PO notification, was Rs. 27,620/-, excluding additional allowances and incentives. To read this post about SBI PO Salary 2022, read below.

Candidates are attracted to the SBI PO Salary. Many individuals compete for this post because it is advertised every year and pays a higher salary than other nationalized banks. Let’s have a look at the SBI PO salary data, which is one of the main reasons for the big number of candidates. The salary structure, in-hand salary, allowances, perks, and job profile of SBI PO are all described in this article.


SBI PO Salary 2022 Overview

Before we go into the specifics, take a look at the table below for an overview of the SBI PO test.

Authority Conducting the ExamState Bank of India
Mode of ExamOnline
Type of JobPrelims, Mains, and Interview
Post NameCentral Government Job
Stages of ExamProbationary Officers
Official Websitesbi.co.in

Vacancies in SBI PO 2022

Every year, the State Bank of India announces a large number of jobs for Probationary Officers in SBI offices around the country. The total number of positions in SBI PO 2022 recruitment is depicted in the chart below:

The following table illustrates the estimated number of vacancies for the SBO PO 2022 in both general and reserved categories (SC/ST, OBC, and PwD).

CategoriesVacancies
SC300
ST150
OBC540
EWS200
General810
Total2000

During the recruitment process, though, the amount of positions can be increased or decreased at any time. Once the announcement for the exam is issued, the vacancies for the 2022 SBI PO will be announced.


SBI PO Salary in India after 11th Barpatite Settlement

The salary for SBI POs is determined by the Bipartite Settlement. The State Bank of India has one of the best pay schedules in the banking industry, particularly for Probationary Officers. The SBI PO wage based on the Bipartite Settlement is mentioned here. Applicants will find more information about the SBI Clerk and SBI Bank PO salaries, as well as salary information from other banks, here. SBI POs are also entitled to DA, HRA, CCA, Medical, and other benefits. The total in-hand income will range between INR 40000 and 45000, depending on the posting location and other considerations.

The following are the important components of the SBI PO Salary Structure in India:

Basic Pay for SBI PO Salary in IndiaRs 27620/- (Increment in 4 stages)1st Increment- Rs. 23700-980/72nd Increment-Rs. 30560-1145/23rd Increment- Rs. 32850-1310/74th Increment- Rs. 42020
PetrolRs 1100-Rs 1300( in case of absence of personal vehicle)
Leased House AccommodationMinimum- Rs 8000/-(Rural)Maximum- Rs 29500/-(Urban)
Travelling AllowanceReimbursement for AC-2Tier (Exclusively for official travels)
Medical Insurance100% for employees75% for families
Dearness Allowance (DA)46.9% of the basic pay
City Compensatory Allowance(CCA)3% or 4%(depending on the place of posting)
MiscellaneousRs 4000/-
Total Compensation (Annually)7.5 lakhs to 12.9 lakhs
Loan BenefitsConcession on interest rates

The SBI PO salary structure, as stated in the SBI PO notice, is as follows:

SBI PO Salary 2020

SBI PO Career Growth

A Probationary Officer at SBI is entitled to several allowances and bonuses in addition to the SBI Bank PO salary. This is also one of the most sought-after positions in terms of professional advancement. After being designated as a PO, you have a long way to go in your career. When candidates join India’s largest public sector bank, they can look forward to a bright future.

When an applicant enters SBI as a probationary officer, they will serve a two-year probationary period or training. They will receive confirmation and be eligible to join as a Junior Manager Grade Scale-I if they successfully complete the training session (JMGS-I). They will be evaluated on a regular basis during the training time before being promoted to the next level. Aside from that, officers who meet the higher qualifications will be considered for quick promotion to the next higher grade, Middle Management Grade Scale-II (MMGS-II), after receiving confirmation.

The bank also provides numerous employment prospects within the country, as well as the possibility of being posted worldwide.

Following a two-year probationary period, the following positions are available for promotion:-

  1. Assistant Manager
  2. Deputy Manager
  3. Manager
  4. Chief Manager
  5. Assistant General Manager
  6. Deputy General Manager
  7. General Manager
  8. Chief General Manager
  9. Deputy Managing Director
  10. Managing Director
  11. Chairman

SBI PO Job Profile, Roles & Responsibilities

Managing clerical duties, customer service, processing loans, opening bank accounts, and other responsibilities are all part of the SBI PO job description. They’ll also learn about several types of banking, such as retail banking and rural banking.

Probationary Officers also receive training at SBI training institutes in addition to on-site training. After completing the probation period, SBI POs (Junior Management Grade Scale-I) will be subjected to a screening process, and if they pass, they will be promoted to Officer Middle Management Grade Scale-II.

You now have complete knowledge of SBI PO Salary 2022. Now is the time to concentrate on your preparedness. You should improve your test-taking abilities, such as time management and question selection because these are critical in this exam. You could also take practice tests and focus on your weak points.

Managing clerical duties, customer service, processing loans, opening bank accounts, and other responsibilities are all part of the SBI PO job description. They’ll also learn about several types of banking, such as retail banking and rural banking.

Probationary Officers also receive training at SBI training institutes in addition to on-site training. After completing the probation period, SBI POs (Junior Management Grade Scale-I) will be subjected to a screening process, and if they pass, they will be promoted to Officer Middle Management Grade Scale-II.

You now have complete knowledge of SBI PO Salary 2022. Now is the time to concentrate on your preparedness. You should improve your test-taking abilities, such as time management and question selection because these are critical in this exam. You could also take practice tests and focus on your weak points.


SBI PO Perks and Allowances for the year 2022

SBI provides 100 percent medical coverage for officers and 75 percent coverage for their family members. It provides cashless medical treatment at a number of medical establishments across the country.

They also receive Newspaper Allowances, Books and Magazine Allowances, Petrol Allowances, House Maintenance Allowances, Telephone Bill Reimbursement, Entertainment Allowances, and Concessionary Interest Rates on House Loans, Car Loans, and Personal Loans.

Perks and AllowanceAmount
Dearness Allowance46.9% of the Basic Pay
City Compensatory Allowance3% – 4% depending on location
House Rent Allowance7% – 9% depending on Place of Posting
Furniture AllowanceINR 1,20,000
Medical Insurance100% cover for employees and 75% cover for dependent family members
Travelling AllowanceAC 2-tier fare is reimbursed to the employee for official travels only
Petrol AllowanceINR 1,100 – 1,250
Loan BenefitsThe employees get low-interest rates/discounts on loans
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.Varies based on Cadre

SBI PO Salary Benefits

Aside from the wage, SBI POs receive the following benefits:

  • Telephone bill reimbursement
  • Leave fare concession/ Home Travel concession
  • Books and magazines allowance
  • House maintenance allowance
  • Entertainment allowance
  • Medical insurance (100% for SBI PO and 75% for the family members)
  • Newspaper allowance
  • Petrol allowance
  • Cashless treatment in selected medical facilities around the country
  • Concessionary interest rates for car loan, personal loan and house loan.

SBI PO Salary Slip

SBI PO Salary Slip

SBI PO Salary FAQ’S

The highest level an SBI PO can achieve in his or her bank career is Chairman.

Yes, State Bank of India POs receives numerous perks in addition to their regular wage, such as House Rent Allowance, Dearness Allowance, Medical Allowance, Personal Loans, and so on.

SBI PO 2022 salary is the same as before, ranging from Rs. 8.20 lakhs (minimum) to Rs. 13.08 lakhs. The amount varies depending on the location of the work.

The medical allowance repays the employee 100 percent for any medical care he or she receives, and 75 percent for medical treatment received by the employee’s immediate family members.

The starting SBI PO salary is Rs. 27,620/- (basic pay) which is followed by four increments. The pay scale of a Probationary Officer is 23700-980/7-30560-1145/2-32850-1310/7- 42020.

All applicants must sign a bond of INR 2 lakhs for the probation period when they join.

House Rent Allowance is the abbreviation for HRA. SBI grants housing rent for its employees posted in any city or village because SBI PO is a transferable job. Employees’ HRAs vary depending on the job posting.

An SBI PO gets a total of Rs 40000 to 42000 INR in-hand Salary.

SBI PO has to undergo a two-year probationary period.

A Probationary Officer’s in-hand income at SBI ranges from Rs.40,000 to Rs.45,000, depending on the work location and other circumstances.

The SBI PO Basic Pay is Rs.27,620/- at joining.

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