SBI PO Salary 2024 - Pay Scale, Job Profile, In hand Salary, Allowances

SBI PO Salary 2024 - Pay Scale, Job Profile, In hand Salary, Allowances

Edited By Meghana Mohana Krishnan | Updated on Dec 26, 2024 07:41 PM IST | #SBI PO
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State Bank of India mentioned the details about the SBI PO salary 2024 in the official notification. According to the SBI PO salary structure, the employees will get in hand salary of Rs. 48,480. Along with the in hand salary 2024, SBI will provide other allowances such as home allowance, DA, travelling allowance, home rent allowance and other benefits for those who clear the SBI PO exam.

SBI PO Salary 2024 - Pay Scale, Job Profile, In hand Salary, Allowances
SBI PO Salary 2024 - Pay Scale, Job Profile, In hand Salary, Allowances

SBI PO pay scale is one of the major aspects that fascinates a lot of aspirants who are opting for this job profile. In this article, we will tell you about the SBI PO salary 2024 and other allowances, benefits and perks that a PO is entitled to after getting recruited by SBI. Along with the State Bank PO salary, candidates can check their career growth prospects, promotion opportunities and other important information. Read till the end to find all the latest information on the salary of SBI PO 2024.

SBI PO salary 2024 - In-Hand

A candidate after getting recruited as a Probationary Officer in the State Bank of India gets an SBI PO salary basic pay of Rs, 48,480 (with 4 advance increments).

SBI PO Salary 2024 - Increment

From the following table, candidates can know the starting in-hand salary of SBI PO recruitment 2024. This starting salary may vary according to various factors like the area of posting, seniority, post etc.

SBI PO 2024 Salary

Basic Pay

Rs.48,480 (with 4 advance increments)

1st Increment

Increment of Rs. 2,000 - for the next 7 years

2nd Increment

Increment of Rs. 2,340- for the next 2 years

3rd Increment

Increment of Rs. 2,680- for the next 7 years

Quick links:

SBI PO Pay Scale 2024

From the following table, candidates can also check the SBI PO year-wise basic pay and annual increment:

SBI PO year-wise Increment
PeriodIncrementBasic Salary
First 7 yearsRs. 2,000Rs. 62,480
Next 2 yearsRs. 2,340Rs. 67,160
Another 7 yearsRs. 2,680Rs. 85,920

SBI PO Salary 2024 - Allowances

Apart from the basic pay, candidates are also entitled to various other SBI PO allowances and perks. The SBI PO perks and allowances are mentioned in the table below -

SBI PO 2024 Salary Perks and Allowances

Perks and Allowance

Amount

Dearness Allowance (DA)

46.9% of the total Basic Pay

City Compensatory Allowance

3% – 4% depending upon posting the location of the PO

House Rent Allowance (HRA)

7% – 9% depending on the Place of Posting of the PO

Furniture Allowance

Rs 1,20,000

Medical Insurance

100% cover for employees and 75% cover for dependent family members

Travelling Allowance (TA)

AC 2-tier fare is reimbursed to the employee for official travel visits only

Petrol Allowance

Rs 1,100 – 1,250

Loan Benefits

The employees get low-interest rates/discounts on loans

Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.

Varies based on Cadre

State Bank PO Salary 2024 - Benefits

Along with the above-mentioned perks and allowances, there are various other benefits also to which candidates are entitled. The SBI POs get the following benefits -

  • Reimbursement of the Telephone bill

  • Cashless treatment in selected medical facilities around the country

  • House maintenance allowance

  • Entertainment allowance

  • LFC, NPS

  • Concessionary interest rates for - personal loans, car loans and house loans.

Quick links:

SBI PO Salary 2024 - Career Growth

After qualifying for the SBI PO exam, candidates have to undergo a training period. The training period is also known as the probation period which lasts for 2 years. Post completion of the probation period, candidates will be posted as Assistant Managers in SBI Branches. From the following process, candidates can get to know the posts which they can achieve through promotion.

  • Assistant Manager

  • Deputy Manager

  • Manager

  • Chief Manager

  • Assistant General Manager

  • Deputy General Manager

  • General Manager

  • Chief General Manager

  • Deputy Managing Director

  • Managing Director

  • Chairman

More salary articles related to popular exams in India

SBI PO 2024 salary - Job Profile, Roles & Responsibilities

Candidates who get recruited as SBI PO are to perform various jobs as mentioned below -

  • During the initial phase, they will have to supervise clerical activities.

  • Get involved in customer service.

  • Work in the processing of loans, opening new bank accounts, etc.

  • PO will also have to learn about Retail Banking, Rural Banking, etc.

Frequently Asked Questions (FAQs)

1. What is in hand salary of SBI PO?

The starting in-hand salary of SBI PO 2024 is Rs. 48,480

2. Is SBI PO a good job?

Yes, it is one of the best jobs due to which it also attracts a lot of applicants on a yearly basis. The SBI PO 2024 salary, perks, allowances, promotions are one of the best when compared with other bank PO jobs.

3. What is the salary of SBI PO after 7 years?

The salary of SBI PO after 7 years can be around the Rs. 62480 .

4. Which bank PO gets the highest salary?

SBI offers the best salary and perks when it comes to PO. As being a public sector bank, the SBI PO job is also treated as respectable. A probationary officer in SBI gets the best salary.

5. Does an SBI PO get any allowances?

Yes, there are a lot of allowances apart from the salary that an SBI PO is entitled to. The allowances are - Dearness Allowances, House Rent Allowances, Travel Allowances etc.

6. How to apply for the post of SBI PO in 2024?

Candidates can apply for SBI PO 2024 online at sbi.co.in.

7. What is HRA in SBI PO salary?

HRA stands for House Rent Allowances. HRA is an add-on other than the salary which is paid to the employees for accommodation cost for living in the city of posting.

8. What is the starting salary of SBI PO?

The starting salary of SBI PO 2024 of a Probationary Officer in SBI is Rs. 48,480.

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Questions related to SBI PO

Have a question related to SBI PO ?

Hi Akarsh,

The eligibility for the SBI PO exam is based on specific age criteria mentioned in the official notification.

SBI PO Age Criteria :

  • Minimum Age : 21 years.
  • Maximum Age : 30 years.
  • Age relaxation is provided for reserved categories as per government norms.

If you're being declared ineligible, it could be due to an incorrect interpretation of the cut-off date. A mismatch in the information you provided during the application.

You can check out the given link to know more.

Best wishes!

https://competition.careers360.com/exams/sbi-po

Hello Saurav,

It is unlikely to create a problem during the document verification (DV) process, as long as the university name on your certificates matches the details provided in your application form. However, since your college (ABC) is affiliated with XYZ University, it's important that the certificates or documents you present clearly show the relationship between the two.

To be on the safe side, you can:

  1. Check your documents: Ensure that the university name (XYZ) is correctly mentioned, and that it doesn't cause confusion with your college (ABC).

  2. Include the affiliation information : If possible, mention in your application or provide a separate document stating that your college is affiliated with XYZ University.

  3. Clarify during DV (Document Verification): If any questions arise, you can clarify this during the document verification by showing the affiliation of your college with the university.

If the documents are genuine and correctly reflect your academic background, this minor discrepancy should not pose a major issue.


I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.

Thank you and wishing you all the best for your bright future.


Hello aspirant,

To apply for the SBI PO exam, candidates must hold a graduate degree from an accredited institution in any field. Applicants for the SBI PO exam 2025 may potentially be in their final year of education.
According to government regulations, candidates must be between the ages of 21 and 30 to be eligible for the SBI-PO test. Age relaxation is only granted to Reserved categories.

Thank you

Hope it helps you

Hello aspirant,

The list of SBI PO test locations is released by State Bank of India (SBI). The test cities are announced by the examination authorities concurrently with the SBI PO notice. When completing the SBI PO application form, candidates must select one test city for both the preliminary and main tests.

Yes it conduct SBI IPO exam in Port Blair.

Thank you

A Master's degree is not mandatory to become an SBI PO or get promoted to a bank manager role. However, it can enhance your profile and potentially give you an edge in the competitive selection process.

An MBA can be a good choice as it equips you with valuable skills in finance, management, marketing, and communication - all of which are crucial for a banking career

Consider specializing in Finance, Banking, or Risk Management within your MBA program. These specializations will directly align with the SBI PO role and career progression in banking.

A Master's in Commerce with a specialization in Banking and Finance can provide a strong foundation in banking principles and practices. While not as directly focused on banking, a Master's in Economics can equip you with analytical skills and an understanding of economic trends, which are valuable assets in the financial sector.

Several banking-related certifications like Certified Financial Analyst (CFA) or Certified Risk Management (PRM) can enhance your profile without the time commitment of a Master's program. Focused coaching programs or online resources can equip you with the specific knowledge and skills required to crack the SBI PO exam.

Ultimately, the decision of pursuing a Master's degree depends on your individual circumstances, goals, and resources. While an MBA or other relevant Master's can be beneficial, it's not essential for success in the SBI PO exam or career advancement in banking.

https://competition.careers360.com/download/ebooks/know-all-about-sbi-po

I hope it helps!

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