SBI PO Salary 2019 | Allowances and Career Growth

SBI PO Salary 2019 | Allowances and Career Growth

SBI PO Salary 2019

State Bank of India (SBI) is the only bank which has its own brand in the banking sector. However, the exam conducting authority of SBI has been released the notification in order to recruit Probationary Officers (PO) to fulfill various vacancies across India. Aspirants who are applied for State Bank of India (SBI) PO, they can gather the information about SBI PO Salary 2019 from this article. Therefore, competitors who are looking for SBI PO Package 2019, please check this section carefully.

Candidates can check the various allowances provided by the higher authorities of भारतीय स्टेट बैंक from this section. However, SBI Probationary Officers (PO) Salary 2019 will vary from place to place. It seems allowances depend upon the working environment of an employee. We have provided State Bank of India (SBI) PO Salary 2019 in detail as well as yearly increments also.

To Check SBI PO Notification: Click Here

SBI Probationary Officers (PO) Salary 2019 – Important Details

Exam Name State Bank of India (SBI)– PO Exam
Conducting Authority State Bank of India (SBI)
Exam Type National Level
Name of the Post Probationary Officers (PO)
Number of Vacancies Various
Official website

Competitors Can Check: SBI PO Syllabus

State Bank of India PO Package 2019

The Higher authorities भारतीय स्टेट बैंक will provide a good salary to the Probationary Officers. As well as excellent allowances for not only Probationary Officers but also all the employees in different banks across our country. The basic pay of SBI Probationary Officers (PO) is Rs. 27620. In addition to that various allowances also provided which were listed below:

SBI PO Basic Pay Rs. 27620/- (4 Increments also applicable)
Dearness Allowance (DA)  46.9% of the Basic Pay (Revised Quarterly)
City Compensatory Allowance (CCA) This varies with the place of posting at 4% or 3%.
House Rent Allowance (HRA) 9%, 8% or 7% (Depends on the place of posting)
Furniture Allowance Rs. 120000/-
Medical Insurance 100% medical coverage for SBI employees and 75% for their family members
Travelling Allowance For official travels, reimbursement of AC 2-tier fare is provided
Petrol Approximately Rs. 1100 – 1250

To Download SBI PO Hall Ticket –  Click Here

SBI PO Salary – Dearness Allowance

Dearness Allowance (DA) in SBI Probationary Officers depends on the Consumer Price Index (CPI) as proclaimed by the Government of India. At this situation when inflation is in high then Dearness Allowance goes up and when expansion falls then it goes down. Right now it is more than the percentage of the Basic Pay given to the परिवीक्षाधीन अधिकारी.

SBI PO Salary – House Rent Allowance

This remuneration contains rental settlement where the PO get the house charges as a part of their salary structure. The officials of भारतीय स्टेट बैंक provide the House Rent Allowance (HRA) to the Probationary Officers which depends upon the place of them. It may be 7 – 9 percent. The HRA will be high if he/she gets posted in metropolitan cities.

Aspirants Can Check: SBI PO Job Profile

SBI PO Salary – Travelling Allowance

The Officers has a chance to visit tourist places across India. For this, traveling charges, as well as the higher authorities of the State Bank of India (SBI), also provide guest houses to the respective परिवीक्षाधीन अधिकारी.

SBI PO Salary – Leave Policy

The higher authorities of the State Bank of India gives four types of leaves such as

  • Casual Leaves – 12 days
  • Privilege Leaves – 30 days
  • Medical Leaves – 15 days
  • Extraordinary Leaves – vary from person to person
  • Bank also offers maternity leave to its women employees.

SBI PO Salary – Medical Insurance

The bank also offers the medical benefits to their employees of 100% and for their families 75%. In addition,  the bank has tie-ups with the best medicinal offices around the country, Therefore, employees are qualified for the cashless quality treatment in these working locations.

Applicants Can Check: SBI PO Exam Centers

SBI PO Salary – Other Benefits and Perks

  • Smart Compensation Package
  • Month to Month Benefits
  • Miscellaneous Benefits
  • Stable Working Environment
  • Upward Mobility
  • Encash Privilege Leaves
  • Great Growth Opportunities
  • Financial Stability and Security

SBI PO Salary – Career Growth

However, the officials of the State Bank of India has a very systematic procedure of promoting their employees. The exam conducting authority of  SBI conducts promotion exams where the employees who are talented, dynamic and skillful on bank activities and system are getting promoted to the next stage. The career growth for परिवीक्षाधीन अधिकारी will be increased step by step depending upon his/her performance on the work as mentioned below:

  • Probationary Officer
  • Assistant Manager
  • Branch Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • Chief General Manager
  • General Manager

Competitors Can Download: SBI PO Scorecard

We hope that aspirants who are searching for SBI PO Salary 2019 have got the required information in detail. In case any quires occur, drop a comment in below mentioned comment box. We will solve all your doubts regarding this article. For more updates regarding bank examinations. Please follow our page, IBPS Guru. Thank You.

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