Categories: SBI PO

SBI PO- Job Profile, Career Growth

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:

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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

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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

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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

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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

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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!

Nikunj Barnwal

Marketer by profession, Writer by heart!