Categories: SBI PO

SBI PO Salary In-hand 2021

SBI PO Salary In-hand 2021: The in-hand salary of an SBI PO 2021 would be Rs. 52,280 including all the allowances and perks. However, the in-hand salary can be increased by an employee by taking internal exams such as JAIIB and others to enjoy a healthy increment.

SBI PO Salary In-hand 2021

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
PeriodIncrementBasic Salary
First 7 yearsRs. 1490/-Rs. 36,000/-
Next 2 yearsRs. 1740/-Rs. 46,430/-
Another 7 yearsRs. 1990/-Rs. 63,840/-
SBI PO Salary structure in India
Gross SalaryRs 65, 780/-
Dearness Allowance 46.9% of the basic pay
City Compensatory Allowance (CCA) 3% or 4% (depending on the place of posting)
Leased House Accommodation Minimum- Rs 8000/-(Rural) Maximum- Rs 29500/-(Urban)
Medical Insurance 100% for employees 75% for families
Travelling Allowance Reimbursement for AC-2Tier (Exclusively for official travels)
Petrol Rs 1100-Rs 1300 (in case of absence of personal vehicle)
Miscellaneous Rs 4000/-
Total Compensation (Annually) 8 lakhs to 13.5 lakhs
Loan Benefits Concession on interest rates

Net Salary Calculation

Salary DetailsAmount
PF Contribution4196
Income Tax3290
Professional Tax200
Contributory Pension Fund 5,274
Total Deductions12,960
Net Salary52,820
What is the starting salary of SBI PO?

The basic pay offered is Rs. 41,960. However, the gross salary will be around Rs. 65780.

What is the salary of SBI PO after 5 years?

Well, as per the annual or fixed increment the basic pay would be 46,430. But the in-hand salary can easily cross Rs. 70,000 and the gross salary can even cross 1 lakh rupees a month, especially if you have passed the necessary internal exams.

You can also find daily SBI PO 2021 updates posted on our official Instagram handle as well.          

You might want to subscribe to our push notifications for such daily valuable articles.          

Still, have some doubts about what we discussed in this blog? Then, leave your queries in the comment section below. We will surely respond to them. 

Vishwas Agarwal

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