The SBI PO notification of 2000 vacancies was out some time back. With so many job vacancies in SSC and Banking domain being released, there never seems to be a better time than now to get a government job. You need to make the most of these opportunities. Amongst these, SBI PO is one of the most lucrative and challenging profiles. A lot of SBI PO aspirants have the curiosity to know more about different aspects of this job such as job profile, salary and career progression. We have tried covering different facets of SBI PO profile in this article. Let’s have a look:
Duties & Responsibilities of an SBI PO
- To handle day-to-day banking operations such as opening new accounts, to securely handle debit & credit cards, to make FDs/ DD/ PO, to process loan, to handle cheque book, to process NEFT/ RTGS, to process and issue of debit/ credit cards, chequebooks, demand drafts etc.
- To interact with customers on a daily basis to respond to their queries, to promote products like recurring deposits, fixed deposits, insurance policies, mutual funds, credit cards, loans etc, to meet targets of lead generation & sales within the deadlines
- To perform clerical activities like handling cash deposits & withdrawals in case of emergencies such as heavy rush or the absence of teller/clerk
- To be responsible for ATM activities
- To follow the maker & checker system (where the PO is responsible for the verification of all the transactions processed by bank clerks)
- To generate reports of daily operational transactions like deposits, withdrawals, ledger balances etc.
- To communicate with stakeholders and regulators and to maintain track of new developments
Salary Package of an SBI PO
The in-hand salary of an SBI PO will range between Rs 52,000 and Rs 54,000 depending on numerous factors like place of posting and other factors. Below is the salary structure of this profile.
| Parameters | Amount (INR) |
| Basic Pay | INR 41,960 |
| Special Allowance | INR 6,881 |
| DA | INR 12,701 |
| Location Allowance | INR 700 |
| Learning Allowance | INR 600 |
| HRA | INR 2,937 |
| Gross Salary | INR 65,780 |
| Deduction (PF/Income Tax/Professional Tax/Pension) | INR 12,960 |
| Net Salary | INR 52,820 |
The basic pay is Rs.41,960/- (with 4 advance increments) in the scale of 36000- 1490/7- 46430- 1740/2- 49910- 1990/7- 63840.
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 |
There are several other allowances like Dearness Allowance, CCA (City Compensatory Allowance), Leased House Accommodation, Furniture Allowance, Medical Insurance, Travelling Allowance, Petrol Allowance, Entertainment Allowance, Newspaper Allowance etc. Also, the fact that housing loans, car loans and personal loans are available at concessional interest rates for SBI POs.
As already mentioned, the in-hand salary of an SBI PO ranges from Rs 52,000-54,000 (after deductions)
SBI PO Salary Deduction
| Particulars | Amount |
| PF Contribution | INR 4,196/- |
| Income Tax | INR 3,290/- |
| Professional Tax | INR 200/- |
| Contributory Pension Fund | INR 5,274 |
| Total Deductions | INR 12,960 |
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/- |
Career Growth & Promotion of SBI PO
Career growth of SBI PO is pretty fast compared to other government jobs and the scope of promotion goes upto the chairman of the group. An SBI PO would generally follow the below path:
- Probationary Officer (Assistant Manager, JMGS – I)
- Deputy Manager (MMGS)
- Manager (MMGS)
- Chief Manager (MMGS)
- Assistant General Manager (SMGS)
- Deputy General Manager (TEGS)
- Chief General Manager (TEGS)
- General Manager (TEGS)
JMGS: Junior Management Grade Scale
MMGS: Middle Management Grade Scale
SMGS: Senior Management Grade Scale
TEGS: Top Executive Grade Scale
We hope the above info helps you in resolving your doubts. However, if you still have any doubts, feel free to post them in the comments section below.
Wishing you all the best for your exam!
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