SBI PO 2022 Exam-SBI PO Promotion and Career Growth
The State Bank of India offers very good career in terms of the Career growth. It offers a good designation, hefty salary and other allowances. This is the reason why lakhs of candidates are attracted towards and are motivated to clear it every year. This year too, SBI is getting ready to conduct the PO exam to hire candidates in various branches throughout India. So, if you are interested in clearing the exam, you might also like to know everything about the SBI PO Promotion and Career Growth.
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SBI PO Job Profile
Let us shed some light on what an SBI PO does:
- Supervises clerical activities, customer service, process loans, helps in opening bank accounts, etc.
- Markets New Schemes
- Brings New Business to the bank
- On-site training, such as at SBI training institutes.
- Any related Banking task bank assigns him/her.
SBI PO Salary 2022
On becoming a PO in SBI he/ she starts receiving Rs.41,960 as his basic salary (with 4 advance increments). The salary structure of SBI PO follows the range of 36000-1490/7-46430-1740/2-49910-1990/7-63840.
| SBI PO Salary | |
| Basic Pay | Rs. 41,960 |
| Special Allowance | Rs. 6,881 |
| DA | Rs. 12,701 |
| Location Allowance | Rs. 700 |
| Learning Allowance | Rs. 600 |
| HRA | Rs. 2,937 |
| Gross Salary | Rs. 65,780 |
| Deduction (PF/Income Tax/Professional Tax/Pension) | Rs. 12,960 |
| Net Salary | Rs. 52,820 |
SBI PO Salary In Hand 2022
The In-hand salary of SBI PO 2022 ranges from Rs. 52,000 to 55,000 per month. This amount may vary depending upon the location of the posting. As the banks follow Bipartite settlements, there is no applicability of the 7th pay commission on the amount.
SBI PO Salary Increment
The salary and the in-hand salary of SBI PO are subject to increment every year. There is a fixed amount of increment given to every SBI PO on account of the period of service given by them.
| SBI PO 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/- |
SBI PO Allowances, Perks
Allowances that SBI POs enjoy are tabulated below:
| SBI PO Salary Allowances | |
| Allowance | Amount |
| Dearness Allowance | 26% of the Basic Pay |
| City Compensatory Allowance | 3% – 4% depending on location |
| House Rent Allowance | 7% – 9% depending on Place of Posting |
| Furniture Allowance | Rs. 1,20,000 |
| Medical Insurance | 100% covered for employee | 75% covered for dependent family |
| Travelling Allowance | AC 2-tier fare is reimbursed to the employee for official travels |
| Petrol Allowance | Rs. 1,100 – 1,250 |
| Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. | Varies based on Cadre |
Read to know all about the SBI PO 2022 Notification!
SBI PO 2022 Promotion
An SBI PO can enjoy quick promotions along with the increase in the salary as per the Bank norms. Here’s how the promotion hierarchy goes:
- 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’s Career
The salary and perks SBI POs enjoy are very attractive, and the career growth makes it super-worthwhile. Lakhs of candidates apply for the post every year and those who clear the exam enjoy a stable life with a sturdy income. Candidates applying for the post are advised to start their preparation right away by taking SBI PO Prelims Mock Tests.
SBI PO Salary 2022 – FAQs
Q 1. What is the promotion hierarchy of SBI PO?
Ans. The promotion hierarchy is Assistant Manager, Deputy Manager, Manager, Chief Manager, Assistant General Manager, Deputy General Manager, General Manager, Chief General Manager, Deputy Managing Director, Managing Director, Chairman
Q 2. What is the Payscale of SBI PO?
Ans. The Pay scale of SBI PO is 36000-1490/7-46430-1740/2-49910-1990/7-63840.
Q 3. What is the basic salary of SBI PO?
Ans. Basic Pay Salary of SBI PO is Rs 41960/- with 4 advanced Increments.
Q 4. What is the in-hand salary of SBI PO?
Ans. The In-Hand salary of SBI PO is between 52,000 to 55,000 per month.
Q 5. What are the allowances we get in SBI PO?
Ans. The allowances and perks offered in SBI PO are Medical Insurance, Travelling Allowance, Furniture Allowance, Petrol and other allowances.
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