SBI PO Salary Structure 2017- Hi dear state bank of India Probationary officer aspirants, Welcome. When i pen down my thoughts, “salary structure” is most interesting topic for me. I see money all around while writing.
I get to know basic salary, grade pay, gross salary, allowances, Dearness Allowances (DA), House Rent Allowances (HRA), Medical Allowances, Travel allowances, Petrol and In Hand Salary.
भारतीय स्टेट बैंक पीओ, वेतन मूल वेतन, ग्रेड वेतन, सकल वेतन, भत्ते, महंगाई भत्ते (डीए), घर भाड़ा भत्ता (एचआरए), चिकित्सा भत्ते, यात्रा भत्ते, पेट्रोल और हाथ में वेतन – यहाँ देखें
So by keeping your all questions and possible doubts in mind regrading sbi po salary, i will explain every achievable answer here.
SBI PO Salary Structure 2017
State bank of India is an Indian Public Sector Bank and SBI PO Exam is most sought job for graduate students. In every sbi po recruitment, lakhs of candidates participate and fight the competition for very few seats. Which shows the clear impact of sbi po job over the Indian graduate youth.
So i will start the discussion with sbi po salary chart which includes Gross salary of po, Basic salary of sbi po, grade pay, In Hand salary and all other allowances which are there in sbi po exam.
State Bank Of India Probationary Officer Salary 2017
SBI PO Salary Structure – You should be excited while reading the salary of SBI Bank PO Officer. If you are excited and wanted to know the in hand salary, facilities, Allowances, Salary during the training period, DA, HRA, Bonus, TA, Medical Benefits, Gross salary, Salary increments, Grade pay, Career growth opportunities, 7th pay commission effect on salary etc.
We are getting many queries from various source (in comment box, in message box) regarding the state bank of India Probationary officer salary structure, few of them are,
- How much salary does SBI PO earn?
- How much allowances sbi probationary officer gets?
- What are the facilities provide for Bank PO gets?
- What is salary, in hand salary, gross salary, take home salary and starting salary of SBI PO?
so lets answer all of them in this post.
SBI PO Salary package Chart 2017 (भारतीय स्टेट बैंक पीओ वेतन)
SBI PO Salary Structure – One of the user on quora was saying that Presently the starting basic pay of sbi pay is Rs.27,620/- (with 4 advance increments) in the scale of Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I. The answer is correct as per official data shown in sbi po recruitment.
SBI Po is also eligible for reimbursement of various perquisites, Perks, Provident Fund (PF), Gratuity, Pension, Medical benefits, travel fare, Leave fare and other facilities.
|SBI PO (Probationary Officer) Salary Chart (अधिकारी वेतन चार्ट)|
|Basic pay||Rs. 27620/- (Increments as above)|
|DA (Dearness allowances)||46.9% of the Basic Pay (Revised Quarterly)|
|City Compensatory Allowance (CCA)||4% or 3%. (As per the city)|
|HRA (House Rent Allowances)||9%, 8% or 7% (Again as per the city)|
|Petrol allowances||Approximation Rs. 1100-1250|
|Travelling Allowance||For official travels, reimbursement of AC 2-tier fare is provided|
|Medical Insurance||Very good in medical – 100% medical coverage for SBI employees and 75% for their family members|
|Furniture Allowance||Rs. 120000/-|
|Gross Salary with HRA||Total Compensation: ₹7.55 lakhs and maximum of ₹12.93 lakhs depending on the place of posting and other factors.|
So let’s breakdown above sbi po salary chart (पीओ वेतन संरचना) into description,
- Pay scale of sbi po is 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I.
- You will get sbi po starting salary: 27,620/-.
- The in-hand salary of SBI PO is around 36-37 thousand approx. and 4-7 thousand allowances.
- You will also entitled to DA, HRA, CCA, MEDICAL and other allowances.
- TOTAL annual income in sbi po job will be range from minimum of 7.55 lakhs ruppers to maximum of 12.93 lakhs ruppes (This annuanl package depends on city of posting and various other factor).
SBI PO Allowances details 2017
As per above salary chart, lets discuss each component of sbi po allowances & salary 2017.
HRA: You will get HRA (House rent allowances) of your stay. HRA component depends on the place/city of posting.
DA: Dearness allowances (मंहगाई भत्ते) will be credit into your salary account on quarterly basis. DA salary component varies as per market fluctuation. It varies as per CPI(Consumer Price index) in India. If inflation(मुद्रास्फीति)/मंहगाई is high then DA is also high and if inflation is low then DA is also low.
Medical facilities: This is very good component of SBI PO Facilities. You will get 100% medical/Health advantages (100% for the worker and 75% for dependent family members).
Travel Allowance – For official travels, reimbursement of AC 2-tier fare is provided. If you go to Home and other vacations.
Month to month perks– You will get Daily paper stipend, petrol, entertainment, house upkeep, books and magazine remittance, portfolio recompense, repayment of phone bills etc. The total of this sums will be around Rs 5000/ – on a month to month premise.
Other Benefits: You will get Housing Loan, Car Loan, and Personal Loans at a concessionary rate of premium. Also your children will get scholarship if they perform well.
SMART Compensation Package – SBI arrangements to offer, subject to fundamental endorsements, a smart compensation package which would give workers the decision to adopt particular components of the sbi po overall salary.
What are other benefits in SBI PO Salary Structure:
- Stable Job (all time AC and manage public relation)
- No Outside/door to door job
- Status and many more…………
SBI PO Salary After 7th Pay Commission
Pay commission always stuck in our mind and force us to calculate our salary again and again therefore here i’m simplifying your calculation of sbi po salary in seventh pay commission. Majority of banks will hike salary after 7th pay commission hence SBI PO post will also get raise in their salary so no worries you will get what you deserve.
SBI PO Salary Hike Increment
You can see in above paragraph that Pay Grade is given as: 4000-100/3-4300-125/3-4675-150/3-5125-175/3-5650-200/3-6250.
Basically This means basic pay is 4000 – with yearly increment Rs. 100(thrice) till it reaches – 4300 and once it reaches 4300, it will be increased yearly @ -125(thrice) till it reaches – 4675 and once it reaches 4675 After that it will be increased yearly @-150(thrice)- till it reaches – 5125 After that it will be increased yearly @ -175(thrice)-till it reaches – 5650
FAQ (Important questions) on SBI PO Job:
What is the salary in sbi po Probation period?
Don’t worry guys, you will get salary into probation period of two years. You will get the same salary given above during probation as well.
What is the fees of sbi po classroom training?
No fee at all, you don’t have to pay anything. But you will get full salary.
What is the In Hand Salary of SBI PO ?
As earlier said, You will get sbi po starting salary: 27,620/- and The in-hand salary of SBI PO is around 36-37 thousand approx. and you will get 4-7 thousand allowances.
That’s all state bank po aspirants on SBI PO Salary Structure 2017, please comment if you fill like asking anything.