[nilesh]

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Can you tell me about the salary package offered under PO (Probationary Officer) Post by State Bank of India (SBI) as I want to check it before applying for the post?

[vikash]

SBI PO (State Bank of India Probationary Officer) is one of the most coveted jobs in Banking industry and a dream job for millions of aspirants across India.

SBI PO Salary Package

SBI PO Basic Pay
Rs. 27620/- (4 Increments also applicable)

Dearness Allowance (DA)
46.9% of the Basic Pay (Revised Quarterly)

(CCA)
This varies with the place of posting at 4% or 3%.

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
Approx. Rs. 1100-1250

SBI PO Gross Salary with HRA
Total Compensation: ₹7.55 lakhs and maximum of ₹12.93 lakhs depending on the place of posting and other factors.

Other Benefits and Perks

Dearness Allowance (DA) –
It is modified on a quarterly premise in the times of February, May, August, and November. It depends on the Consumer Price Index (CPI) as proclaimed by Government of India.

Housing Allowance (HRA) –
It contains rented rental settlement where the representatives get house rent as a piece of their salary package.

Medical Benefits –
SBI offers health advantages (100% for the worker and 75% for dependent family members) shape a key part of the general bundle.

Leave Policy –
SBI give leave approaches, which incorporates 33 days of benefits leave and 12 days of easy going leave every year alongside sick leave and maternity take off.
Ladies and single men with youngsters or matured guardians have the arrangement to take a holiday surrender of over to 2 years.

Travel Allowance –
One get leave to visit puts inside India. Occasion homes and Bank’s visitor houses are accessible for the representatives of urban communities and traveller goals.

Month to month Benefits –
One is qualified for different perquisites - daily paper stipend and other allowances like petrol, entertainment, house upkeep, books and magazine remittance, portfolio recompense, repayment of phone bills are a portion of the perquisites given by the bank to the worker.

Miscellaneous Benefits –
Bank gives Housing Loan, Car Loan, and Personal Loans at a concessionary rate of premium. Bank perceives and advances justify by giving scholarships to the meritorious children of all workers. Bank Pension helps the worker have an agreeable existence post-retirement.