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Old 31st January 2018, 04:19 PM
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Default Salary of SBI PO in Bhubaneswar

Can you tell me about the salary structure of PO (Probationary Officer) Post in SBI (State Bank of India) as I am planning to apply for job for the post?
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Old 31st January 2018, 04:21 PM
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Default Re: Salary of SBI PO in Bhubaneswar

SBI (State Bank of India) is not only the biggest bank in India; it is also the bank which pays the highest salary when it comes to a Probationary Officer. There are several perks associated with working with the biggest bank of India SBI.

SBI PO Salary Pay Scale
Starting basic 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.
One is eligible for D.A, H.R.A/Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time.
The total compensation per annum on CTC basis would be a minimum of Rs. 7.93 lacs and maximum of Rs 12.95 lacs depending on the place of posting and other factors.

SBI PO Salary Earnings
Basic Salary = Rs. 27620
Dearness Allowance = Rs. 12677
City Compensatory Allowance (CCA) = Rs. 870
Special Allowance = Rs. 2140
Total Earning Before Deductions = Rs. 43307

SBI PO Salary Deductions

PF (10% of Basic) = Rs. 2,762
NPS (10% of Basic+DA) = Rs. 4,000
Income Tax = As per govt norms.
Other allowances including Newspapers, Entertainment allowance, Conveyance etc. = Rs. 4,130
HRA = Rs. 2,486

SBI PO Salary Benefits
Apart from it remuneration are also entitled to the following benefits:
Leased accommodation ranging from Rs 8,000 in C Category centres to Rs 29, 500 in Metros
Medical insurance for self is 100 % and for family is 75%
Home Travel Concession/ Leave Fare Concession.
Concessional interest rates for Housing/Car/Personal Loans
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