AffairsGuru

Study Material & Job Alert Portal for Govt Exam Preparation

SBI PO Salary & Allowances , Perks & Promotion – 7th Pay Commission

SBI PO Salary & Allowances , Perks & Promotion

State Bank of India (SBI) is the largest commercial bank of India. There are several perks and advantages associated working with biggest bank of India SBI. This bank offers the best-in-class entry-level compensation package for Probationary Officers (PO). Aspirants will also get exposure to various facets that will make you a real Banker apart from the various benefits. In this page, you will get the ideas about the SBI PO Salary Structure, Perks, Allowances, Hierarchy of Promotion etc.

SBI PO Salary Structure -Allowance & Promotion

SBI PO Salary Structure

Current Starting Basic Salary

Rs. 27, 620/- (with 4 advance increments)

Pay Scale

23700-980/7-30560-1145/2-32850-1310/7-42020

Grade

Junior Management Grade Scale-I

Total Compensation

  • Highest entry-level compensation pack
  • Minimum of Rs. 7.55 lakhs
  • Maximum of Rs. 12.95 lakhs
  • Could earn over Rs. 1 lakh a month if posting in a city like Mumbai

SBI Perks

  • Security & Pension of Government Job.
  • In-cash privilege leaves
  • No door to door selling
  • Climb up the career ladder is easier.

SBI PO Salary Allowances

  • Dearness Allowance
  • Provident Fund
  • Gratuity
  • Pension under the new pension scheme
  • Leave fare

Housing Allowances (HRA)/ Company Leased Accommodation

This compensation includes Least Rental Accommodation where the employee get the housing rent as the part of its package.If due to some reason SBI is not able to provide accommodation to its PO, it compensate by providing the Housing Allowance. Your this allowance become more prominent as you move up the career ladder.

Medical Benefits

SBI takes care of health and well being of employees and their family by taking care of medical expenses of employees. Medical benefits includes-

  • 100% for the Employee
  • 75% for the dependent Family Member

Leave Policy

SBI Probationary Officers (PO) are provided with attractive leave policies which includes

  • 33 days of privilege Leave
  • 12 days of Casual Leave

Travel Allowance

The employees gets leave travel concession to visit the places within India . Holiday home and bank guest house are available for employees at cities and tourist destination.

Miscellaneous Benefits

The other life style related benefits that a SBI PO enjoys

  • Life Allowance
  • Newspaper allowance
  • Petrol and Entertainment Allowance
  • Reimbursement of Telephone bills⇓
  • House Maintenance Allowance
  • Book and management
  • Housing Loan
  • Car Loan
  • Personal Loan
  • Scholarships to the meritorious children of all Employees.

So all and all, getting offers to serve as an SBI Probationary Officer is a definite step toward leading a comfortable and well routed life for a great and enforces life.

SBI PO Perks And Facilities At Joining Time (As on 01.09.2013)

SBI PO Perks And Facilities At Joining Time (As on 01.09.2013)

SBI PO In-Hand Salary After 7th Pay Commission

SBI PO Salary after 7th Central Pay Commission (CPC) is recommended around Rs. 41, 490 per month. This Seventh Pay Commission scale and initial salary is proposed salary.

Salary Structure 6th Pay Commission (CPC) 7th Pay Commission (CPC)
Basic Pay (BP) Rs. 14,500 Rs. 27,865 (With 20% Increase)
Dearness Allowance (DA) Rs. 12,781 Rs. 10,839
House Rent Allowance (HRA) Rs. 1,087 Rs. 2,786
Total/ Gross Salary Rs. 28,368 Rs. 41, 490

Hierarchy/ Career Path For SBI PO – Promotion

Assistant Manager (Probationary Officer)

Deputy Manager

Manager

Chief Manager

Assistant General Manager

Deputy General Manager

General Manager

Chief General Manager

Deputy General Manager

Managing Director

Chairman


All the best for your upcoming exam!

You can join or visit at Facebook Page or Twitter for always keep in touch with further updates.

Read more articles….

Leave a Reply

Your email address will not be published. Required fields are marked *

AffairsGuru © 2017-18 Frontier Theme