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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.
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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.
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).
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 |
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From the following table, candidates can also check the SBI PO year-wise basic pay and annual increment:
SBI PO year-wise Increment | ||
Period | Increment | Basic Salary |
First 7 years | Rs. 2,000 | Rs. 62,480 |
Next 2 years | Rs. 2,340 | Rs. 67,160 |
Another 7 years | Rs. 2,680 | Rs. 85,920 |
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 |
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.
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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
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.
The starting in-hand salary of SBI PO 2024 is Rs. 48,480
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.
The salary of SBI PO after 7 years can be around the Rs. 62480 .
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.
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.
Candidates can apply for SBI PO 2024 online at sbi.co.in.
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.
The starting salary of SBI PO 2024 of a Probationary Officer in SBI is Rs. 48,480.
Others:31 December,2024 - 30 January,2025
Others:31 December,2024 - 30 January,2025
Others:31 December,2024 - 30 January,2025
Admit Card Date:02 January,2025 - 28 January,2025
Hi Akarsh,
The eligibility for the SBI PO exam is based on specific age criteria mentioned in the official notification.
SBI PO Age Criteria :
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!
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:
Check your documents:
Ensure that the university name (XYZ) is correctly mentioned, and that it doesn't cause confusion with your college (ABC).
Include the affiliation information
: If possible, mention in your application or provide a separate document stating that your college is affiliated with XYZ University.
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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