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SBI PO Salary
An SBI Probationary Officer will receive a base salary of Rs. 41,960 at first (with four advance increments). According to the revised Bipartite Settlement, a probationary officer’s salary is 36,000-1490/7-46430-1740/2-49910-1990/7-63840, with four progress increments. This means that the PO will start with a basic salary of Rs. 36,000 as well as a yearly bonus of Rs. 1490 for the following seven years, so a basic salary of Rs. 46430 as well as an annual raise of Rs. 1740 for the following two years, etc. The highest basic wage is Rs 63840.
SBI PO Salary Structure
The below Salary Structure has been created per the updated SBI PO Salary, and candidates interested in the SBI Probationary Officer position should be informed of the higher SBI PO Salary.
| SBI PO Salary Structure in India | |
| Basic Pay | Rs. 41,960 |
| Deduction (PF/Income Tax/Professional Tax/Pension) | Rs. 12,960 |
| Gross Salary | Rs. 65,780 |
| HRA | Rs. 2,937 |
| Learning Allowance | Rs. 600 |
| Location Allowance | Rs. 700 |
| DA | Rs. 12,701 |
| Special Allowance | Rs. 6,881 |
| Net Salary | Rs. 52,820 |
SBI PO Salary Perks
- The following are some of the additional advantages and benefits that SBI POs receive in addition to their attractive and lucrative in-hand salary:
- The new or contribution-based pension plan.
- Medical insurance for the self and the family (75%).
- LTC.
- Leave Fare and Home Travel Concession.
- Concessional interest rates for a car, a house, or personal loan.
Eligibility for SBI bank PO?
Nationality
An applicant must be an Indian citizen to apply for the SBI PO test.
Minimum educational requirements
Candidates must have an equivalent qualification recognised by the Central Government or even a graduate degree in any discipline from an accredited university. You must include the date the student received their degree on the passing certificate; they must assure.
On a provisional basis, potential applicants may also apply if they are in the final year/semester of their graduation. Furthermore, this is subject to the need to present documentation of their graduation exam success at the beginning of the interview.
Applicants who have an Integrated Dual Degree (IDD) certificate must verify that the IDD’s passing date matches the notification’s stated date.
Applicants who hold Chartered Accountancy credentials may also apply.
Applicants must determine their graduation percentage to the nearest two decimals and mention it in their application per the SBI PO eligibility requirements. Applicants must convert their grade into a rate and include it in the online application form if a CGPA is awarded.
Applicants who received less than 60% of their degree grade too are eligible to take the SBI PO exam. The State Bank requires no minimum graduation percentage of India to sit for the SBI Probationary Officer (PO) exam.
