SBI PO Salary 2022 - Structure, Job Profile, In hand Salary, Allowances
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Download PDFSBI PO Salary 2022 - The State Bank of India (SBI) will mention the details about the SBI PO salary in the official SBI PO notification. According to the salary of SBI PO, the employees will get in hand salary of Rs. 41,960. Along with the SBI PO 2022 salary, SBI will provide other allowances such as home allowance, DA, travelling allowance, home rent allowance and other benefits.
Latest Updates for SBI PO
- 10 Feb 2022:
Check SBI PO Syllabus
- 08 Nov 2021:
SBI PO admit card 2021 for prelims exam available now.
- 05 Oct 2021:
SBI PO Application Form 2021 released.
Stay up-to date with SBI PO News
Candidates who get shortlisted/ selected as SBI PO, are entitled to lucrative compensation in the form of a salary of SBI PO 2022, along with the best benefits when it comes to the public sector banks. SBI PO salary 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 2022 and other allowances, benefits and perks that a PO is entitled to after getting recruited by SBI. Along with the SBI 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 2022.
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Read More SBI PO salary 2022 - In-Hand
A candidate after getting recruited as a Probationary Officer in the State Bank of India gets an in-hand SBI PO 2022 salary of Rs, 41,960.
SBI PO Salary 2022 - Increment
From the following table, candidates can get to know the starting in-hand salary of SBI PO 2022. This SBI PO salary 2022 may vary according to various factors like the area of posting, seniority, post etc.
SBI PO 2022 Salary
Basic Pay | Rs.27,620/- (with 4 advance increments) |
1st Increment | Increment of Rs. 980/- for the next 7 years |
2nd Increment | Increment of Rs. 1145/- for the next 2 years |
3rd Increment | Increment of Rs. 1310/- 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:
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Read More Salary of SBI PO 2022
| SBI PO year-wise Increment | ||
| Period | Increment | Basic Salary |
| First 7 years | Rs. 1490 | Rs. 36,000 |
| Next 2 years | Rs. 1740 | Rs. 46,430 |
| Another 7 years | Rs. 1990 | Rs. 63,840 |
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SBI PO Salary 2022 - Allowances
Apart from the SBI PO basic pay, candidates are also entitled to various other allowances and perks. The SBI PO perks and allowances are mentioned in the table below -
SBI PO 2022 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 PO |
House Rent Allowance (HRA) | 7% – 9% depending on the Place of Posting of the PO |
Furniture Allowance | INR 1,20,000 |
Medical Insurance | 100% cover for employee 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 | INR 1,100 – 1,250 |
Loan Benefits | The employees get low-interest rates/discount on loans |
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. | Varies based on Cadre |
SBI PO Salary 2022 - 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
Concessionary interest rates for - personal loans, car loans and house loans.
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SBI PO Salary 2022 - 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
SBI PO 2022 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.
SBI PO Salary 2022 - Deduction
There is a monthly deduction from the gross SBI PO salary 2022. Check the table that is given below to know more about the deductions in the SBI PO salary.
| SBI PO Salary Deduction | |
| Particulars | Amount |
| PF Contribution | Rs. 4,196/- |
| Income Tax | Rs. 3,290/- |
| Professional Tax | Rs. 200/- |
| Contributory Pension Fund | Rs. 5,274 |
| Total Deductions | Rs. 12,960 |
Candidates will be sent on on-site training at SBI training institutes. After completion of the probation period, they will undergo screening, and after qualifying, will be promoted to Officer Middle Management Grade Scale-II.
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Frequently Asked Question (FAQs) - SBI PO Salary 2022 - Structure, Job Profile, In hand Salary, Allowances
Question: What is in hand salary of SBI PO?
Answer:
The starting in-hand salary of SBI PO 2022 is Rs. 36000 approx.
Question: Is SBI PO a good job?
Answer:
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 2022 salary, perks, allowances, promotions are one of the best when compared with other bank PO jobs.
Question: What is the salary of SBI PO after 5 years?
Answer:
The salary of SBI PO after 5 years can cross the Rs. 50000 figure.
Question: Which bank PO gets the highest salary?
Answer:
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.
Question: Does an SBI PO get any allowances?
Answer:
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.
Question: How to apply for the post of SBI PO in 2022?
Answer:
Candidates will be able to apply for SBI PO 2022 from the official website of SBI - sbi.co.in after the notification and application form is released.
Question: What is HRA in SBI PO salary?
Answer:
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.
Question: What is the starting salary of SBI PO?
Answer:
The starting salary of SBI PO 2022 of a Probationary Officer in SBI is Rs. 27620.
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Questions related to SBI PO
Syllabus for SBI PO exam 2023 both mains and preliminary exams
Hello Aspirant ,
The syllabus of SBI(State Bank of India ) PO( Probationary Officer ) is very vast and contains so many topics .
The syllabus for Prelims exam is :
- Reasoning Ability:puzzle , coding decoding etc
- English Language:which includes reading comprehension , fill in the blanks etc.
- Quantitative Aptitude:which inlcludes Data Interpretation ,Simplification ,profit loss etc
Syllabus for mains is :
- Data analysis and interpretation
- Computer aptitude
- General / Economy / Banking Awareness
For more details about this exam visit :
https://competition.careers360.com/articles/sbi-po-syllabus
Hope this helps.
Answer laterMy D.O.B is 02 04 2002 ,am i eligible for sbi po exam in 2023
SBI PO have the lower age limit of 21 years. Its required that the candidate must be of 21 year as on 1st April,2023. So you aren't eligible as on 1st April,2023 you will be 20years 11months 30 days. You will be eligible for the examination from the SBI PO 2024.
For more information regarding SBI PO consider the link below:
I hope this helps. Wish you a great eve!
I am class 12 biology student can you tell about SBI PO this is a job if yes then can I am eligible for it means I am biology stream student and if yes can you tell me the process?
Hello Aspirant,
See SBI PO is a selection process for the post of Probationary Officer in State Bank of India. It consists of three stages, first stage is of preliminary examination which is only qualifying in nature, second is Mains examination followed by the third stage that is of Interview and the final merit list is prepared on the basis of last two stages.
Now if you are a Biology stream student then also you will be eligible for PO exam but after completing your graduation because for PO examinations the candidate should at least have graduation degree from any central/state recognized institution.
ELIGIBILITY CRITERIA FOR SBI PO :-
>>>>> Age of the candidate should be in the range of 21-30 years with relaxation of 5 years for SC/ST category and 3 years for OBC category.
>>>>> The candidate should have at least graduation degree in any discipline including B.Tech./BA/B.Com..... and so on. However the candidates in final year of graduation are also eligible to apply for SBI PO.
>>>>> For General category maximum number of attempts allowed are 4.
For detailed eligibility criteria of SBI PO kindly check out the link given below :-
SBI PO Eligibility Criteria 2021 - Age, Attempts Limits, Qualification, Nationality (careers360.com)
I hope this information helps you.
Good Luck!!
I have my completed my bsc in 5 years( instead of 3 years ) do I eligible for rbi grade b and sbi po exams
Hey there,
Hope you are doing great. So, with regard to your question, YES, you are eligible for the exams, for both the exams. According to the eligibility criteria, prescribed for these exams, students from 3 years of BSc can also give these exams. Further, you can apply to these exams, even during your final years in the college.
Hope it helps,
Thank you.
mere greduatio me 45% marks h kya mai sbi po ka exam dene ke liye eligible hu
Hi Aspirant,
Hope you are doing great.
Nowhere it is mentioned that a minimum of 45 or 50% marks should be scored by a candidate in graduation. The basic eligibility is that you must be a graduate or have passed an equivalent examination from a recognized University or by the Central Government in order to meet the eligibility criteria of SBI PO, final semester students can also apply for this exam, Candidates holding an Integrated Dual Degree (IDD) certificate should ensure that the date of passing the IDD is on or before August 31, 2021. CA candidates are also eligible to apply for SBI PO.
For more information:
https://competition.careers360.com/exams/sbi-po
Hope this helps.
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