What is the Salary of SBI PO?


Salary Structure of State Bank of India Probationary Officer - PO : 

Here, we have been sharing cost to company-CTC salary structure of SBI PO. Among all Public Sector Banks, SBI has been paying highest salary to the joining Probationary officer: 


The starting basic pay is Rs 16,900/- (with 4 increment) Pay scale of Rs 14500-600/7-18700-700/ 2-20100-800/7-25700 


The compensation per annum at Mumbai is Rs.8,00,000/- plus. The break-up of monthly compensation is as under: 



Also Read :What will be the Salary of Newly Joined Bank Officer (PO) from June 2015? 




Cash Component
Rs. 36,046/-
Bank’s contribution to PF & Pension Scheme
 Rs. 1,690/-
Housing (Lease Rental)
Rs. 29,500/-
Perquisites (Conveyance, Newspapers, Entertainment
allowance, House & Furniture Maintenance etc.
 Rs. 4,130/-
  

In addition, the Officers are also entitled to other benefits like:


(i) Medical Aid for self (100%) and for family (75%)
(ii) Home Travel Concession/Leave Fare Concession
(iii) Concessional Interest Rates for Housing/Car/Personal Loans


Note:The salary scales are under revision with effect from November 2012. It means, bank will pay higher salary than the present above mentioned salary. Bankers have been waiting the salary revision and hope it would be approved by next year. The pending hike in salary will be paid as arrears since Nov. 2012. 




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44 comments

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October 11, 2013 at 9:09 AM ×

U hav given a good rply but can u display more details about po salry in sbi?

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Vinku
admin
February 14, 2014 at 9:55 AM ×

Thanks nice info..
Can you explain use of housing(lease rental)?

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Admin
admin
March 11, 2014 at 8:36 AM ×

Lease rental is a facility provided by Bank to their employee. In this case employee lease a flat/house on rental basis. Bank directly pay the rent amount to the landlord. Generally in metro cities the rent is much higher than other cities or town. So, the employee has not to ay any rent bank itself pay dircetly to the landlord through cheque/fund transfer.

E.g. If a employee of SBI living in flat which rent is 25000 per month then the owner of flat will get Rs 25000 directly through the SBI as per the agreement with flat owner i.e landlord. In this case employee save the rs. 25000 which he/she has to pay otherwise.

Hope you have understand the benefit of lease rental facility.

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Anonymous
admin
March 25, 2014 at 12:13 PM ×

if the rental for a room is 20,000 and if bank is providing 25,000 then will that employee get the difference of 5000 rs or not?
and is he allowed to get hRA?

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Banker in BoI
admin
March 26, 2014 at 6:52 PM ×

In this case Bank only pay the rental rs 20000/- difference amount is not paid to employee.

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Anonymous
admin
April 6, 2014 at 11:26 AM ×

Is there any kind of reservation provision?? Likewise certain seats are reserved for reserved categories??? And what is the ratio of getting selected from the written cleared candidate to gd and interview cleared candidate???

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April 7, 2014 at 10:09 AM ×

I am doing my final year b.tech. Can i apply for this?

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Anonymous
admin
April 12, 2014 at 6:27 AM ×

Hello Sir,
The information is very useful. Please throw some more light over housing rental.
If one wishes not to stay in the provided facility, is he/she entitled to get the in cash?
Regards.

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Admin
admin
April 13, 2014 at 12:25 PM ×

No, he/she will not get lease amount. If he/she doesn't opt for lease rental option then he/she will get HRA which is nominal amount.

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Anonymous
admin
April 19, 2014 at 1:02 PM ×

Im be appear...can i apply for this post?

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Sree Kj
admin
April 20, 2014 at 8:00 AM ×

I just got a doubt regarding the salary.. If the employee wishes to stay in his own house, then the 29,500 mentioned in the salary structure will be taken out?and he will get only the rest amnt, apprx 40K? so the total salary is varied from person to person??

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Admin
admin
April 20, 2014 at 8:11 AM ×

Recently the cash component has changed to Rs.34,320/- . If the person is not availing the lease then his cash component would be the same i.e Rs. 34320/-. Lease component is not paid directly to employee but to the landlord who provide lease to employee by the bank.

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Sree Kj
admin
April 20, 2014 at 9:45 PM ×

Thank you for your reply. This salary is given during the probation period and will change once the two year training gets over?

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Maaz2310
admin
April 24, 2014 at 8:22 AM ×

How much is the HRA nominal amount you mentioned in case one doesn't opt for Lease rental ?

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angel sharma
admin
April 25, 2014 at 10:15 PM ×

i hv done b.sc nursing may i apply for this post bcz i m interested in banking

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Anonymous
admin
April 30, 2014 at 7:22 PM ×

So if i am living in my own house then i get 34,320 rs. only. Whether HRA is paid in this case? What's the amount at present for hra?

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Anonymous
admin
May 10, 2014 at 9:54 AM ×

Why sbi is paying salary in cash? And joining as PO can I be able to avail housing loan at concessional rate?

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Admin
admin
May 10, 2014 at 6:14 PM ×

Any one can apply who has graduation degree

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May 16, 2014 at 3:03 AM ×

awsome piece of information, I had come to know about your website from my friend vinod, indore,i have read atleast seven posts of yours by now, and let me tell you, your blog gives the best and the most interesting information. This is just the kind of information that i had been looking for, i'm already your rss reader now and i would regularly watch out for the new posts, once again hats off to you! Thanks a ton once again, Regards, sbi po 2014

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May 20, 2014 at 3:14 AM ×

joining as PO can I be able to avail housing loan at concessional rate?

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May 23, 2014 at 2:07 AM ×

The salary structure is intresting to more unemployes.So they need clear answers from employers or managements.Thanks.

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Abhishek
admin
June 10, 2014 at 1:19 AM ×

hello sir
i had done bca bt i had back log and going to complete this year. Is there will be any problem while selection process?

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Anonymous
admin
July 21, 2014 at 7:07 PM ×

Hi,No there there will no problem.Even i have yr back in +2 and presently working in PSU bank .

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Anonymous
admin
October 30, 2014 at 4:27 AM ×

Sir , I want to know that The salary in the SBI for PO..............The starting basic pay is Rs 16,900/- (with 4 increment) Pay scale of Rs 14500-600/7-18700-700/ 2-20100-800/7-25700

So the 4 increment is also given in the SBI associate Banks for PO or NOT (like SBBJ,SBM,SBH etc)

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January 5, 2015 at 5:12 AM ×

sbi po or rbi assistant which job should i select pls help??

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Admin
admin
January 6, 2015 at 6:45 PM ×

SBI PO is better than RBI assistant. In RBI you will get better job posting location otherwise PO is better always than assistant post.

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PRIYANKSHU
admin
January 6, 2015 at 10:32 PM ×

What will be the Gross Pay & Net Pay of a P.O. in S.B.I. at the time of joining ?

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sagar
admin
January 8, 2015 at 10:48 PM ×

hello, brother hiii that was a lucid explanation and ur efforts are commendable . i have two doubts
1. will i get 34 k from the very first month what is this increment structure "starting basic pay is Rs 16,900/- (with 4 increment) Pay scale of Rs 14500-600/7-18700-700/ 2-20100-800/7-25700. " explain plz . if we wont get 34 k frm the very first month how will the 8.4 l per annum compensation met?
2. is the rent allowance 29 k for one guy or the bank makes sure that 4 guys stay in that place because if that only 1 guy i can ask some stranger to stay with m paying me some amount is this some kind of fraud plz explain and thank u on before hand

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rajesh
admin
January 10, 2015 at 1:30 AM ×

worst job

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ritu
admin
January 14, 2015 at 5:33 AM ×

sir, I have a doubt about lease rental. Is 29500 lease rental can be taken if I take a housing loan which has a monthly emi of 29500?
And in the above situation I mentioned Is bank(loan provider) worked as a land owner?
please explain????

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Admin
admin
January 14, 2015 at 6:20 AM ×

Lease amount only availed when you take house/flat on lease. Lease amount paid to landlord as per the lease agreement amount. In that case as mentioned above landlord is you not the bank..so you would not able to get any lease amount.

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Anonymous
admin
January 14, 2015 at 8:47 PM ×

Whatever the lease amount eligibility is there for the employee, it is paid directly by the bank to the house owner whom u have rented it out. NO direct payments to the employee alongwith his salary nor as Re-imbursement. It is as simple as that.

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Suresh Verma
admin
February 1, 2015 at 11:01 AM ×

Sir are 4 increments also given to PO 's of sbi associate banks.as. it .is .given.ro sbi p.o.? Plz. Reply

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Rajan Sharma
admin
March 6, 2015 at 7:57 AM ×

Hi ,
please let me know if the lease facility can be avail in case of own house , example can a married woman staying in joint family can have lease agreement with Father in law because she is not owning any house but staying with inlaws

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Rajan Sharma
admin
March 6, 2015 at 7:59 AM ×

Hi ,
please let me know if the lease facility can be avail in case of own house , example can a married woman staying in joint family can have lease agreement with Father in law because she is not owning any house but staying with inlaws

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jay zala
admin
March 17, 2015 at 5:41 AM ×

Hello,
What if I posting in the same city in which I am living?
Your reply will be highly appreciated.

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Anonymous
admin
April 16, 2015 at 7:37 AM ×

sir,
can you compare the salary structure of ibps po and sbi po ....both amount of salary each one gets and the other facilities provided by the bank..

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Anonymous
admin
April 30, 2015 at 1:07 PM ×

Sir I got selection in Allahabad bank as an IT specialist officer and po in state bank of maysor which one I should join? What is pay scale for IT specialist officer

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May 1, 2015 at 2:47 AM ×

As per career growth in PSUs banks PO is much better than IT. In IT you would get some advantage. first, you always get posting in zonal/regional offices i.e big cities. In case of PO you can be posted anywhere (rural/semi urban/urban). So, decide yourself which is your priority. In banks all offcier salary depends upun scale wise. Revised salary is due and most probabaly it will starts from june 2015. pls go for details pay scale for officer after salary revision : http://www.salarystructure.in/2015/02/what-will-be-salary-of-po-after-wage_23.html

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Kisan
admin
May 6, 2015 at 3:28 AM ×

online aptitude test and questions and answers..

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May 11, 2015 at 10:00 AM ×

do Sbi Associate po gets same allowances n perks like the sbi po?

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chitchor
admin
March 15, 2016 at 11:01 AM ×

if we wont get 34 k frm the very first month how will the 8.4 l per annum compensation met? : forget about the 8.4 lpa package,it is just a eye wash.



2. is the rent allowance 29 k for one guy or the bank makes sure that 4 guys stay in that place because if that only 1 guy i can ask some stranger to stay with m paying me some amount is this some kind of fraud? no this is never a form of fraud as long as you manage it tactfully.

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chitchor
admin
March 15, 2016 at 11:03 AM ×

Yes it can be taken.

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