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 notification to be released anytime soon. Also check other details about SBI PO exam.
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
Particulars | Specification |
Basic Pay as per SBI PO 2020 salary | Rs. 27,620 |
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 |
Furniture Allowance | Rs. 1,20,000 |
Medical Insurance | Employee : 100% Family members : 75% |
Travelling Allowance | AC 2-tier fare is reimbursed to the employee for official travels |
Petrol Allowance | Rs. 1,100 – 1,250 |
CTC | 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
Probationary Officer
Assistant Manager
Deputy Manager
Manager
Chief Manager
Assistant General Manager
Deputy General Manager
General Manager
Chief General Manager
Deputy Managing Director
Managing Director
Chairman
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:
Social Status
Mental Stability
Job Security
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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?
Answer:
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?
Answer:
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?
Answer:
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?
Answer:
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?
Answer:
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?
Answer:
Yes. Employees will be entitled to SBI PO salary 2020 on probation period of two years.
Question: Are SBI PO employees entitled to pension?
Answer:
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
will sbi po 2020 happen this year? its my last chance.plz any one answer
The SBI po exams held every year, so there is a high chance that SBI PO exam will also held this year, the vacancy in SBI releases every year, so the exams held.
There is some delay in helding of exams because of the ongoing pandemic, but exams are going to held anyway. Once the vaccine will be out then all the pending exams will held ,or may also be held before that too with all the precautions, so there is a very high probability that SBI PO exams are also going to held this year.
Hope this helps, all the best.
Answer laterhello sir/madam Now I am in degree final year due to covid19 we are not attempting 4 sem, and now we are promoted to final year am i eligible for applying sbi po. and my date of birth is 19/07/2000.
Hello,
SBI PO is a post in State Bank Of India which is generally known as Probationary Officer. A probationary officer is an entry-level management post in any Bank. The main responsibilities of a probationary officer are:-
- Cash Handling
- Issuing cheques, Demand Drafts etc.
- Issuing Loans and Recovery
- Marketing
Eligibility criteria for appearing for Sbi Po exam:
Nationality
A candidate who is aspiring to apply for SBI PO exam must be an Indian citizen.
Mandatory Educational Qualifications
- Candidates must hold a Graduation degree in any discipline from a recognised University or any equivalent qualification which is recognised by the Central Government. They should ensure that the passing certificate should indicate the degree pass date in it.
- Prospective applicants who are in the Final Year/ Semester of their Graduation may also apply on a provisional basis. However, this is subject to the condition that at the time of the interview, they’ll need to produce proof that they have passed the graduation examination.
So now you are in final year,So you are eligible to appear,but this is subject to the condition that at the time of the interview, You will need to produce proof that you have passed the graduation examination.If this is possible than only you will be eligible for further process, Elsewhere you need to first complete your graduation and than you will be eligible to appear for exam.
Thankyou.
i got less than 52.6% in 12 th exam am l eligible for sbi po exam?
There is no any minimum percentage criteria of class 12th to appear for SBI PO exam, the basic eligibility is that the candidate must have a bachelor's degree in any field and must have attained 60% or above in their graduation, the age limit to appear for the exam is from 21 to 30 years, for obc candidate there is a relaxation of 3 years, for sc/st candidate the relaxation is of 5 years.
Hope this helps, all the best.
If I completed my graduation but I am below 21age can I applicant for sbi po please reply
my name is Ramanjaneya kumar, I am preparing for bank exams from four years but failed by 3 to 5 marks, I crossed 33 years as on third May 2020, I am under OBC category, I expected sbi Po notification in April but that is not happened, please tell me sir, whether I am eligible or not for SBI Po 2020
Hello sir,
The upper age limit is 30 years and for candidates belonging to OBC-NCL category are given 3 years relaxation on upper age limit. According to this you can only appear until 33 years of age and there are 7 attempts for OBC category. So if you are 34 years now you are not eligible for SBI PO.
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