SBI PO Salary 2019
Shristi Kirti, 25 Jan 2019, #SBI PO

SBI PO Salary 2019 - State Bank of India (SBI) determines the salary of candidates recruited as Probationary Officers at SBI. Aspiring candidates must go through SBI PO salary 2019 to know what they will be paid after being recruited as Probationary Officers. SBI PO salary 2019 will include the basic pay along with various other allowances as per the rules depending on factors like place of posting etc. As per the salary of SBI PO 2019, candidates recruited as PO, will receive a basic pay of Rs 27,620 in the scale of 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I. To know more about SBI PO salary 2019, go through the article below.

SBI PO Salary 2019 - Allowances

Along with the salary of SBI PO 2019, the authority has also determined various allowances to the candidates who will be recruited as PO: 


Earnings

Amount

Deductions

Basic Salary 

Rs. 27620

PF - [Rs. 2762 (10% of Basic)]

Dearness Allowance

Rs. 12677

NPS - [Rs. 4000 NPS (10% of Basic+DA)]

City Compensatory Allowance (CCA)

Rs. 870

Income Tax (As per govt norms)

Special Allowance

Rs. 2140


SBI PO Salary 2019

Along with the above mentioned allowances that are provided by the authority, there are various other benefits that the Probationary Officers get. The table below contains the special benefits enjoyed by the SBI PO.

Medical insurance (100% for the Probationary Officer and 75% for his/her family members)

Telephone bill reimbursement

Entertainment allowance

Concessionary interest rates for House Loan, Car Loan, and Personal Loan

Cashless treatment in selected medical facilities across the country

House maintenance allowance

Newspaper allowance

Books and magazines allowance

SBI PO Salary 2019 - Points to Remember

  • Candidates recruited as PO might get different salaries depending on the place of posting.

  • SBI PO will get around Rs 36-37 thousand in hand salary.

  • Depending on the claims, candidates might also get allowances are around 4-7 thousand rupees

  • Leased accommodation will be provided, which means the employee will not have to pay any amount as rent. 

SBI PO Salary 2019 - Important FAQs

Q. Will I be getting my salary during my probation period?

Ans. Yes, you will definitely get SBI PO salary 2019 during your probation period which will be of 2 years from the date of your joining. 

Q. In various banking training courses at Manipal, a particular amount is charged, so, do I have to pay for training here at SBI too?

Ans. No, you need not pay any amount during your training.

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