SBI PO Salary 2020 - Structure, Job Profile, In hand Salary
SBI PO Salary 2020 - State Bank of India provides their employees with the best compensation in terms of SBI PO 2020 salary. To give a boost to the preparation, an aspirant might be interested in knowing the SBI PO salary. Along with the basic salary, an individual working as PO receives numerous benefits in the form of allowances and compensations. The life of an SBI PO is very much financially secure with SBI PO salary 2020 in hand and the allowances associated with the post.
Latest: SBI PO 2020 main result is now available.
A graduate in any discipline from a recognised university between the age of 21-30 years is eligible to apply for the posts of SBI PO 2020 exam. It is a three stage exam consisting of preliminary, mains, group exercise and interview.
- Want to be an SBI PO? Check SBI PO 2020 Facts
- Are you eligible to apply? Know the SBI PO eligibility criteria.
- Understand SBI PO exam pattern 2020 before you plan the strategy to crack the exam.
SBI PO Salary 2020 - Highlights
Basic Pay as per SBI PO 2020 salary
SBI PO 2020 Pay Scales
23,700 – 980/ 7 – 30,560 – 1,145/ 2 – 32,850 – 1,310/ 7 – 42,020
Dearness Allowance associated with SBI PO salary 2020
46.9% of basic pay
City Compensatory Allowance
3% – 4% depending on place of posting
House Rent Allowance as per SBI PO 2020 salary
7% – 9% depends on place posted
Employee : 100%
Family members : 75%
AC 2-tier fare is reimbursed to the employee for official travels
Rs. 1,100 – 1,250
Rs. 7.55 – 12.93 lakh per annum
SBI PO 2020 Salary Other Benefits
Compensation - The total compensation per annum for a PO ranges from 7.55 lakhs to 12.93 lakhs per annum depending on the place of posting and other related factors.
Housing - SBI PO salary also includes housing rent allowance.
Leave policy - SBI PO receives 12 casual leaves, 33 privilege leaves and 15 medical leaves per year. A 6-month maternity leave is also permitted to a women. Women and single men with children or aged parents have the provision to take sabbatical leave of up to 2 years.
Leave travel concession (LTC) – LTC is another benefit apart from the SBI PO 2020 salary that an employee can avail in a block of either 2 or 4 years.
Holiday homes - SBI employees are entitled to holiday homes and employees' guest houses at major cities and tourist destinations across the country.
SMART compensation package – SBI is one of the first banks in the country to provide a package where a PO is able to monetize certain parts of their compensation package as per SBI PO salary 2020.
Constant training and professional development – SBI PO position is an intellectually demanding one. SBI trains all its PO regular basis and ensures that they remain updated with the nuances of banking.
SBI PO Career Path 2020
Two years intensive training is provided to the Probationary Officers of SBI. After the end of the probationary or training period, an officer is required to appear for a screening test. Qualified officers will be placed in the next higher grade. Annual appraisal in SBI is fair and transparent. A dedicated employee of SBI has immense growth opportunities. An employee recruited as SBI PO is able to reach top management grade through departmental exams and promotions. Foriegn postings in SBI PO are also available.
SBI PO 2020 Job Role
An aspirant of SBI PO must also know the job responsibilities entrusted along with the post. The job role of an SBI PO can be divided in two phases, during and after the probation period.
During the Probation Period: The probation period in SBI aims to make a candidate broadly aware of general banking, marketing strategies, customer handling and regulatory compliance. An SBI PO has the under mentioned responsibilities:
Customer Services: Service delivery to customers includes the day to day banking operations like opening new accounts, security custodian of debit (ATM) cards, making FDs, loan processing, NEFT/ RTGS processing and issue of ATM cards, cheque books, demand drafts etc.
Marketing and Business Lead Generation: A PO will be the direct channel of the bank interacting with customers on a daily basis.
Cash Handling: Clerical activities, like accepting cash deposits and withdrawals also are to be performed by a PO in unavoidable circumstances.
Authorising Operations: SBI follows the maker and checker system where the PO is responsible for verification of all the transactions processed by bank clerks. In cash, clearing and operations transactions, the clerk is the maker and PO is the checker and the responsibility of losses lies with the checker.
Report Filling: You would be assigned to generate reports of the daily operational transactions like deposits, withdrawals, ledger balances, etc.
Daily Work Communication: As PO you will be interacting with the customers, stakeholders and regulators. Maintaining track of new developments, customer interactions and official communication will be a part of your daily work communication.
After the Probation Period: After completion of 2 years and qualifying the screening test, more responsibilities across the operations domain will be entrusted. The post after probation will be Assistant Manager. The highest position that one can hold after the probation period is the Officer Middle Management Grade Scale-II.
SBI PO Promotion Ladder 2020
Assistant General Manager
Deputy General Manager
Chief General Manager
Deputy Managing Director
However, it requires mention that the life of Probationary Officers is not only financially secure with the salary of SBI PO 2020 but also comes with varied perquisites:
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Frequently Asked Question (FAQs) - SBI PO Salary 2020 - Structure, Job Profile, In hand Salary
Question: Will I be getting my salary during my probation period?
Yes, you will definitely get SBI PO salary 2020 during your probation period which will be of 2 years from the date of your joining.
Question: In various banking training courses at Manipal, a particular amount is charged, so, do I have to pay for training here at SBI too?
No, you need not pay any amount during your training.
Question: What is the minimum education qualification required to be eligible for SBI PO 2020 exam?
A graduate from a recognised university in the age group of 21-30 years is eligible to apply for SBI PO 2020.
Question: Is there any limit for the number of attempts for the SBI PO exam?
Yes, there exists a limit to the number of attempts to apply for SBI PO. However, the limit is counted on the basis of mains. A candidate belonging to the general category can sit for 4 mains, OBCs for 7 mains and no limits for SC/STs.
Question: Can the date of SBI PO 2020 exam allotted to me be changed?
No. The requests for changes in the date and time allotted to you will not be entertained by the bank under any circumstances. The details of the exam centre and date will be mentioned in SBI PO Admit Card 2020.
Question: Will I get any SBI PO salary during my probation?
Yes. Employees will be entitled to SBI PO salary 2020 on probation period of two years.
Question: Are SBI PO employees entitled to pension?
Definitely. A PO appointed in SBI is entitled to pensions and other benefits after retirement as per instructions of the bank.
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Questions related to SBI PO
I have done results below 50% in secondary and higher secondary But there are 70% marks in graduation Will it have any effect on SBI PO SELECTION?
The eligibility criteria to be eligible to appear for SBI PO is that a candidate must have passed bachelor's degree in any discipline from a recognised board. There is no minimum percentage of marks to be scored. Candidates who are in the final year of the qualifying exam are also eligible but the results must be declared on or before the cut off date specified. The selection of candidates is done in 3 stages.
- Stage 1: Preliminary Exam
- Stage 2: Main Exam
- Stage 3: Group Discussion and Interview
The final selection is based on combined marks scored in Stage 2 and Stage 3 of the selection. Stage 1 is just a qualifying exam. The marks scored in the qualifying examination that is graduation will not be given any weightage in any stage of the selection. So the merit is purely based in stage 2 and Stage 3 marks
books or sites for qualifying sbi po 2021
Below I have mentioned some of the best books for SBI PO preparation:
- Comprehensive Guide to SBI Bank PO Preliminary & Mains Exam (8th Edition): Disha Experts
- Quantitative Aptitude for Competitive Examinations: R.S. Aggarwal
- A Modern Approach to Verbal and Non-Verbal Reasoning: R.S. Aggarwal
- Word Power Made Easy: Norman Lewis
- Analytical Reasoning: MK Pandey
- Banking Awareness: RPH Editorial Board
- Objective Question Bank of Computer Awareness for General Competitions: Arihant
- English: High School English Grammar and Composition by Wren & Martin
I have done B.Sc in hotel management so, can i seat for bank exams like SBI PO, SBI clerk, IBPS PO, IBPS clerk, RRB, etc.
Yes, you can. As far as bank exams(Probationary and Clerk posts) are concerned , any candidate in age group of 20-30 can sit for the exam if he/she has a valid undergraduate degree in any discipline from a recognized university. Based on your category reservation ,you will get age relaxation too which you can check in detail in the exam's eligibility section. Coming to RRB ,the following are the exams:
RRB Non-Technical Popular Categories (NTPC) Exam
Under Non-Technical Popular Categories, there are many posts like:
Goods Guard an dmany more.
Junior Accounts Assistant Cum Typist .
Senior Clerk Cum Typist Deg
RRB Junior Engineer (JE) Exam
RRB Assistant Loco Pilot (ALP) Exam
RRB Group D Exam/RRC Level 1 exam
So in railways , you can apply for non technical posts which require either graduation or 12th qualification. Technical posts will require technical degrees such as engineering as qualification ,so you may not be eligible for that. The average age limit for the various exams is at 18 minimum and about 32-33 years at maximum. Similar to bank exams , the age relaxation is provided to some reserved categories. Therefore , kindly go through the complete eligibility criteria for all posts to find out which is apt for your level of qualification.
All the best
Does ibps po/ sbi po and mens objective and descriptive exam happen in 1 day?
Both IBPS PO and SBI PO exams will have a descriptive section along with the objective section. The descriptive test will begin immediately after the objective section so yes it will happen on the same day ie., on the mains exam day. The descriptive section will have both essay writing and letter writing questions for which you will be given 30 minutes to complete . The total marks for this section in IBPS PO is 25 and in SBI PO it will be 50. Both the questions will be usually based on current affairs, government schemes and policies, latest news, ethical subjects and more.
All the best
What are the questions asked in computer aptitude in sbi PO? Do they really ask about the basic computer definitions or it is just the aptitude and reasoning questions?
The SBI PO Reasoning and Computer Aptitude section in the Main Exam, consists a total of 45 questions to be completed in 60 minutes. Below are the different categories from which Reasoning and Computer Aptitude questions are asked:
Order and Ranking
History and Generation of Computers
Introduction to Computer Organisation
Computer Hardware and I/O Devices
Number System and Conversions
MS Office and Short cut keys
Basics of DBMS
Computer and Network Security
Just practice previous year papers to know the type and pattern of questions.
All the best