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    SBI PO Salary 2023 - Structure, Job Profile, In hand Salary, Allowances

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    SBI PO Salary 2023 - Structure, Job Profile, In hand Salary, Allowances

    Edited By Devnath Tiwari | Updated on Sep 07, 2023 10:20 AM IST | #SBI PO

    SBI PO Salary 2023 - The State Bank of India mentioned the details about the SBI PO 2023 salary in the official SBI PO notification. According to the SBI PO salary in hand, the employees will get in hand salary of Rs. 41,960. Along with the SBI PO in hand salary 2023, 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. Candidates who get shortlisted/selected as State Bank Probationary Officers, are entitled to lucrative compensation in the form of an SBI PO starting salary, along with the best benefits when it comes to the public sector banks.

    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 2023 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 2023.

    SBI PO salary 2023 - 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, 41,960 (with 4 advance increments).

    SBI PO Salary 2023 - Increment

    From the following table, candidates can get to know the starting in-hand salary of SBI PO 2023. This SBI PO starting salary may vary according to various factors like the area of posting, seniority, post etc.

    SBI PO 2023 Salary

    Basic Pay

    Rs.41,960/- (with 4 advance increments)

    1st Increment

    Increment of Rs. 1490/- for the next 7 years

    2nd Increment

    Increment of Rs. 1740/- for the next 2 years

    3rd Increment

    Increment of Rs. 1990/- for the next 7 years

    Quick links:

    SBI PO Pay Scale 2023

    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. 1490Rs. 36000
    Next 2 yearsRs. 1740Rs. 46430
    Another 7 yearsRs. 1990Rs. 49910

    Check Here List of Other Government Exams

    SBI PO Salary 2023 - 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 2023 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

    INR 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

    INR 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 2023 - 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.

    Quick links:

    SBI PO Salary 2023 - 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 2023 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 2023 - Deduction

    There is a monthly deduction from the gross SBI PO salary 2023. Check the table that is given below to know more about the deductions in the Bank SBI PO salary.

    SBI PO Salary Deduction
    ParticularsAmount
    PF ContributionRs. 4,196/-
    Income TaxRs. 3,290/-
    Professional TaxRs. 200/-
    Contributory Pension FundRs. 5,274
    Total DeductionsRs. 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.

    More salary articles related to popular exams in India

    Frequently Asked Question (FAQs)

    1. What is in hand salary of SBI PO?

    The starting in-hand salary of SBI PO 2023 is Rs. 36000 approx.

    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 2023 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 5 years?

    The salary of SBI PO after 5 years can cross the Rs. 50000 figure.

    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 2023?

    Candidates can apply for SBI PO 2023 online tentatively in September 2023 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 2023 of a Probationary Officer in SBI is Rs. 36000.

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    Questions related to SBI PO

    Have a question related to SBI PO ?

    Hi,

    No, you cannot appear for SBI PO 2020 if you are completing your graduation in 2021. The eligibility criteria clearly states that, Candidate need to have a graduation degree or candidate in a final semester are eligible to appear for SBI PO 2020. You can appear for the year 2021.

    I hope it helps.

    • Age Limit: The candidate must be 21 Years to 30 Years as on 01.04.2020 i.e. candidates must have been born between 02.04.1990 and 01.04.1999 (both dates inclusive)

    • Educational Qualification: The candidate must be a graduate in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government. Those who are in the Final year/Semester of their Graduation may also apply provisionally subject to the condition that, if called for interview, they must produce proof of having passed the graduation examination on or before 01.07.2020. Candidates with Integrated Dual Degree (IDD) certificate must ensure that the date of passing the IDD is on or before 31.08.2020. Candidates with Chartered Accountant certification may also apply.

    SBI PO Selection Procedure: Important Points

    The candidates should keep in mind the following points related to the SBI PO selection process:

    • Biometric Verification: To ensure an error-free and secure selection procedure for SBI PO 2020, the bank may digitally capture the thumb impression of the candidate. This is done to verify the genuineness of the candidates. Any inconsistency in the biometric verification will lead to rejection of the candidature and punitive legal actions. Candidates are thus advised not to apply any kind of external matter like ink, mehandi, chemical etc. on their hands.

    • Number of Attempts: The maximum number of chances are fixed for each category. Candidates who have used up all the chances are not eligible to apply. Appearing in Preliminary Exam is not counted as an attempt but appearing in Mains Exam is counted.


    Hii


    Anyone can apply for SBI PO exam after completing their graduation.Eventhough you are dropped 3 years after 12th it doesn't effect anything to your exam eligibility criteria and the job.But you should be minimum 21 years of age and Maximum age limit is 30 years.There is no problem at all and just concentrate on the exam preparation.

    All the Best...,

    Yes, undoubtedly IMS GUWAHATI is one the best coaching institute in Assam for banking exams like IBPS PO, IBPS clerical, SBI PO, SBI clerical alongwith preparation for other state government exams. They have the best faculty team, study materials, mock tests which will help and guide in preparing for different banking sector exams as well as other state goverment exams.

    Hello
    Yes you cam appear for sbi po as there is no compulsion to have bcom degree...
    You can give this exam with having any degree
    Age limit for giving banking po  is : 21 to 30 years

    Good luck for future
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    In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. Ever since internet cost got reduced the viewership for these types of content has increased on a large scale. Therefore, the career as vlogger has a lot to offer. If you want to know more about the career as vlogger, how to become a vlogger, so on and so forth then continue reading the article. Students can visit Jamia Millia Islamia, Asian College of Journalism, Indian Institute of Mass Communication to pursue journalism degrees.

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    Editor

    Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

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    Public Relation Executive

    Public relation officer qualifications should enable him or her to handle various activities like developing, implementing, monitoring, and evaluating communications strategy in order to support the communication objectives and maximize positive exposure in local, national, and international markets. The day-to-day tasks in the career as a public relations officer can vary depending on the industry, active PR campaigns, PR team size, and other factors. However, the job of PR officer often includes, writing press releases to announce company-related news, creating fact sheets and media kits about the company to send to media teams for brand-building and several other activities. In the career a public relations officer, individuals are also responsible for tracking and measuring their PR efforts.

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    Content Writer

    Content writing is meant to speak directly with a particular audience, such as customers, potential customers, investors, employees, or other stakeholders. The main aim of professional content writers is to speak to their targeted audience and if it is not then it is not doing its job. There are numerous kinds of the content present on the website and each is different based on the service or the product it is used for.

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    Gemologist

    A career as a gemologist is as magnificent and sparkling as gemstones. A gemologist is a professional who has knowledge and understanding of gemology and he or she applies the same knowledge in his everyday work responsibilities. He or she grades gemstones using various equipment and determines its worth. His or her other work responsibilities involve settling gemstones in jewellery, polishing and examining it. 

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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    Production Manager

    Production Manager Job Description: A Production Manager is responsible for ensuring smooth running of manufacturing processes in an efficient manner. He or she plans and organises production schedules. The role of Production Manager involves estimation, negotiation on budget and timescales with the clients and managers. 

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    Corporate Executive

    Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

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    QA Lead

    A QA Lead is incharge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that they meet the quality standards. He or she develops, implements and manages test plans. 

    2 Jobs Available
    Team Lead

    A Team Leader is a professional responsible for guiding, monitoring and leading the entire group. He or she is responsible for motivating team members by providing a pleasant work environment to them and inspiring positive communication. A Team Leader contributes to the achievement of the organisation’s goals. He or she improves the confidence, product knowledge and communication skills of the team members and empowers them.

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    Merchandiser

    A career as a merchandiser requires one to promote specific products and services of one or different brands, to increase the in-house sales of the store. Merchandising job focuses on enticing the customers to enter the store and hence increasing their chances of buying a product. Although the buyer is the one who selects the lines, it all depends on the merchandiser on how much money a buyer will spend, how many lines will be purchased, and what will be the quantity of those lines. In a career as merchandiser, one is required to closely work with the display staff in order to decide in what way a product would be displayed so that sales can be maximised. In small brands or local retail stores, a merchandiser is responsible for both merchandising and buying. 

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    Quality Systems Manager

    A Quality Systems Manager is a professional responsible for developing strategies, processes, policies, standards and systems concerning the company as well as operations of its supply chain. It includes auditing to ensure compliance. It could also be carried out by a third party. 

    2 Jobs Available
    Computer Programmer

    Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    ITSM Manager

    ITSM Manager is a professional responsible for heading the ITSM (Information Technology Service Management) or (Information Technology Infrastructure Library) processes. He or she ensures that operation management provides appropriate resource levels for problem resolutions. The ITSM Manager oversees the level of prioritisation for the problems, critical incidents, planned as well as proactive tasks. 

    3 Jobs Available
    .NET Developer

    .NET Developer Job Description: A .NET Developer is a professional responsible for producing code using .NET languages. He or she is a software developer who uses the .NET technologies platform to create various applications. Dot NET Developer job comes with the responsibility of  creating, designing and developing applications using .NET languages such as VB and C#. 

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    Corporate Executive

    Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

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    DevOps Engineer

    In order to develop and deploy software systems, a DevOps Engineer collaborates with both development and operations teams. A career as DevOps engineer must cooperate with other IT staff members as well as software developers and quality assurance specialists.

    2 Jobs Available
    Cloud Administrator

    Individuals who are interested in becoming Cloud Administrators should have the necessary skills to handle various technical aspects of computing, such as the design, implementation, and maintenance of cloud computing services. In addition to being able to program and operate various programming languages, such as Java, Python, and Ruby, individuals should also have a degree in engineering or computer science.

    2 Jobs Available
    IS Auditor

    An IS Auditor is a professional who is responsible for testing the IT infrastructure and finding its vulnerabilities and weaknesses and exploiting them. An IS Auditor performs routine checkups of IT Systems. 

    2 Jobs Available
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