SBI PO Salary 2021 Revised: Perks & Career Growth

SBI PO Salary 2021: Becoming an SBI Probationary officer is a dream of many graduates all over India. It is one of those generic banking jobs which offers excellent career growth along with a handsome in-hand salary from the very first month of joining.  

SBI PO Exam/Job Overview

CATEGORY:	SBI PO
JOB PROFILE	Public Dealing
POSTING	Urban/Rural
PROMOTIONS	Frequent
TRANSFER	Frequent
EXAMINATION TYPE	Online: Prelims + Main
BOND	3 Years

SBI PO Salary 2021 Structure

SBI this year has made changes in the yearly increments in the pay scale which are fixed for several years.

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/-

Net Salary Calculation

Salary Details	Amount
PF Contribution	4196
PF’s Arrears	1434
Professional Tax	300
Contributory Pension Fund	5,371
Total Deductions	11,301
Net Salary	62,392

SBI PO Career Growth

There is no doubt about SBI’s track record of offering exciting promotions and opportunities. And if you really put the efforts in the right direction, you can also land senior management posts at head offices. Arundhati Bhattacharya, Ex-SBI Chairman joined SBI as a probationary officer in 1977. This clearly shows that SBI is an organization full of healthy opportunities if you are willing to grab them with the right mindset. 

Can an SBI PO one day become a Chairman of SBI? 

1. Deputy Manager

2. Manager

3. Chief Manager

4. Assistant General Manager

5. Deputy General Manager

6. General Manager

7. Chief General Manager

Eligibility Criteria for SBI PO 2021

Educational Qualification	Graduation or any equivalent degree
Age limit	21 to 30 years
Age Relaxation	SC/ST- 5 years OBC (NCL)- 3 years
The number of attempts:	UR/EWS –4 OBC- 7 SC/ST – No Limit

SBI PO Previous Year Exam Analysis 

FAQs

What is the in-hand salary of SBI PO?

In-hand salary – 42,000-44,000 (But including everything and if you crack the JIIB exam after you join as a PO, your annual package can range from 8.00 LPA – 13.00 LPA. 

What benefits are provided apart from the SBI PO salary?

Some of the key benefits provided to an SBI PO at SBI: 

• House Rent Allowance
• Medical Allowance
• Travel Allowance
• Furniture Allowance
• Loan Benefits
• Dearness Allowance

What is the basic pay for SBI PO?

Rs.27,620/- (basic pay) which is followed by four increments. Official pay scale – 23700-980/7 -30560-1145/2 – 32850-1310/7- 42020. 

What is HRA in SBI PO salary?

House rent allowance is provided as per the city at which the employee gets posted. Due to frequent transfers, SBI makes it a priority to ensure HRA for its SBI PO level employees. 

English Quizzes for SBI PO Prelims 2021 with Tips & Tricks 

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