SBI PO Salary 2022, Revised In-hand Salary, Perks, Job Profile

SBI PO Salary 2022:

SBI PO Salary : The State Bank of India will soon release the official notification for the recruitment of the Probationary Officers. What motivates aspirants toward the SBI PO preparation is the SBI PO Salary, perks, allowances and the in-hand salary. In this article, we will provide the candidates with all the details related to the SBI PO salary structures and other perks that a candidate would receive when they get selected for the post of the SBI PO after clearing the pre, mains and the interview.

SBI PO Salary
The Basic PayRs. 41,960/-
The Special AllowanceRs. 6,881/-
The DARs. 12,701/-
The Location AllowanceRs. 700/-
The Learning AllowanceRs. 600/-
The HRARs. 2,937/-
The Gross SalaryRs. 65,780/-
The DeductionRs. 12,960/-
The Net SalaryRs. 52,820/-

SBI PO Deductions:

Different benefits are given to the SBI POs in terms of the deductions that can be claimed by them while filling their ITR and calculating the tax liabilities. The table below contains all the claimable deductions in the SBI PO Salary structure 2022.

The SBI PO Salary 2022
The ParticularsAmount
The PF ContributionRs. 4,196/-
The Income TaxRs. 3,290/-
The Professional TaxRs. 200/-
The Contributory Pension FundRs. 5,274/-
The Total DeductionsRs. 12,960/-

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SBI PO Salary In Hand 2022:

The In-hand salary of the SBI PO 2022 ranges from Rs. 52,000/- to 55,000/- per month. This amount may vary depending upon the location of the posting. As the banks follow the Bipartite settlements, the 7th pay commission is not applicable on the amount. Even the in-hand salary is attractive enough for the aspirants, and hence there remains a huge demand for such Bank jobs.

SBI PO Salary Increment:

The salary and the in-hand salary of the SBI PO are subject to an increment every year. There is a fixed amount of the increment given to every SBI PO based on the period of service. The table below shows the SBI PO Salary increment annually and the final salary.

SBI PO 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 Allowances, Perks:

Allowances that come with SBI PO Salary are mentioned below in the tabular form:

SBI PO Salary Allowances
AllowanceAmount
Dearness AllowanceAround 26% of the Basic Pay
City Compensatory Allowance3% – 4% depending on the location
House Rent Allowance7% – 9% depending on the Place of Posting
Furniture AllowanceRs. 1,20,000/-
Medical Insurance100% covered for the employee | 75% covered for the dependent family
Travelling AllowanceAC 2-tier fare is reimbursed to the employee for official travels
Petrol AllowanceRs. 1,100/- – 1,250/-
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.Varies based on the Cadre

The SBI PO 2022 Promotion:

The SBI POs get the promotions quickly and the salary increase as per the Bank norms. The promoted posts contain the following:

  • The assistant manager,
  • The deputy manager,
  • The manager,
  • The chief manager,
  • The assistant general manager,
  • The deputy general manager,
  • The general manager,
  • The chief general manager,
  • The deputy managing director,
  • The managing director,
  • The chairman

The SBI PO Perks:

The additional benefits of the salary contain the following:

  • The medical insurance
  • The cashless treatment in the selected medical facilities over the country
  • The newspaper allowance
  • The books and magazines allowance
  • The petrol allowance
  • The house maintenance allowance
  • The telephone bill reimbursement
  • The entertainment allowance
  • The concessionary interest rates for the House Loan, Car Loan, and the personal Loan
  • The new pension scheme contribution
  • The Leave Travel Concessions (LTC)

SBI PO Recruitment:

Soon SBI releases an official notice on their official website. You can visit the official website of SBI to know the recruitment of SBI PO 2022. In one-two month SBI PO release notification. Soon you will get information about the SBI PO vacancy on the official website.

SBI PO Syllabus 2022:

For getting good marks in SBI PO you should know the SBI PO Syllabus. You can easily access the SBI PO 2022 syllabus PDF on Scoringanswer.com. Click on the link given below to download the SBI PO syllabus 2022.

FAQs:

Q. What is the basic salary of the SBI PO?

Ans: The basic Salary of the SBI PO is Rs 41960/- with additional four advanced Increments.

Q. What is the in-hand salary of SBI PO?

Ans: The In-Hand salary of the SBI PO is between Rs.52,000 to Rs.55,000 per month.

Q. What are the allowances we get in SBI PO?

Ans: The allowances and perks offered in the SBI PO are as follows: Medical Insurance, Travelling Allowance, Furniture Allowance, Petrol and so many other allowances.

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