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sbi po salary sbi po salary state bank


State Bank of India (SBI) is India's largest lender and a number of people search for jobs in the PSU bank. The candidates who prepare for SBI recruitment often want to know about the salary structure of SBI Probationary Officers (P.O). SBI PO is one of the respected jobs in the banking sector. Along with job security and social status, the SBI PO job offers candidates some great opportunities to grow in their respective careers as a banking professional. While it is really important to know the compensation package offered by the company against the hard work you are going to put in for the company.

Here is a detailed analysis of in hand salary structure and whole remuneration package of an SBI PO:

SBI PO Salary 2019:

 Basic pay of SBI PO is the best among peer banks According to the latest notification issued by the bank in April 2019, the entry-level basic pay is higher in SBI as compared to other nationalized banks. The starting basic pay is Rs 27,620 with four advance increments in the pay scale of 23,700-980 (7) – 30,560 – 1,145 (2) – 32,850 – 1,310 (7) – 42,020.

Cost to Company (CTC) of an SBI PO :- 

As far as the CTC is concerned, the bank offers a minimum of Rs 8.20 lacs whereas the maximum package is Rs 13.08 lacs depending upon the place of posting. However, if you are posted in Mumbai, the compensation offered will be more than Rs 1 lakh a month.

SBI PO Salary 2019: Allowances

1. Dearness Allowance (DA): The DA is calculated based on the Consumer Price Index (CPI) and is revised every quarter. You can Hope your DA ( Dearness Allowance )  to be around 46 percent of the basic pay. Perhaps , it will go down or up based on inflation.

2. City Compensatory Allowance (CCA): This is calculated based on your city of posting and ranges between 3 to 4 percent of the basics.

3. House Rent Allowance (HRA): This is more or too depends upon the city or town of your posting and can vary from Rs 8000 (in rural areas) to Rs 29,500 (in Mumbai).

4. Travel Allowance (TA): SBI PO gets reimbursement of travel cost for official travels.

5. Furniture Allowance: Rs 1,20,000 for the purchase of furniture.

SBI PO additional benefits:

1. Medical insurance (100 percent for SBI PO and 75 percent for family members)
2. Cashless treatment in selected medical facilities around the country
3. Newspaper allowance
4. Books and magazines allowance
5. Petrol allowance
6. House maintenance allowance
7. Telephone bill reimbursement
8. Entertainment allowance


Hi Aspirants!!!

Are you preparing for SBI PO EXAM 2020 or any of the bank exams?
Are you running short of time to study for SBI PO EXAM 2020 yet want to qualify the exam?
Then we have the solution for YOU!!!!

With the advent of digitization, it has become easy to access anything from GOOGLE as internet is in fashion these days. SBI has announced the tentative date for SBI PO 2020 PRELIMS EXAM which is likely to be published in the month of April 2020. It must have worked as an ENERGIZER for those who were eagerly waiting for the notification for SBI PO EXAM as SBI being one of the largest banks of INDIA. It is generally observed that PO EXAM is preferred by the working candidates of our country. They hardly get time to attend to the one or two hours long classroom lectures and prefer to do self-study. Self study only works if you have enough study material to understand the entire syllabus topics. The best solution for the working aspirants of SBI PO EXAM 2020 is to join VIDEO COURSE or online bank coaching. It is easy to access it anywhere and one can even operate while travelling by downloading the respective application of VIDEO COURSE. Mobile is the best source to make VIDEO COURSE as USER FRIENDLY MODE TO STUDY FOR SBI PO EXAM effectively.

There are many benefits of joining VIDEO COURSE, let us study some of them before you wish to choose for any of the reputed SBI PO VIDEO COURSE for the exam.

1. Video courses are crafted by the reputed educational brands that are already rendering classroom coaching for bank exams therefore it is beneficial for you to choose from any of those brands. It will cover the entire syllabus and the lectures will be delivered by highly experienced and educated faculty members.

2. Videos will cover the basic and advanced concepts of the related subjects or sections to be examined in SBI PO EXAM such as Quantitative Aptitude, Verbal Ability, Logical Reasoning (basic and high level), Reading Comprehension, and Data Interpretation.

3. There will be regular updates on topics which are very important and needs constant touch such as General Awareness, Banking Awareness, Computer Knowledge, Marketing Aptitude, Current Affairs and other areas required for SBI PO Exam Preparation.

4. The registration process is also automated as one can join by paying the course fee online. Candidates will be given an access code for the video course within 24 hours of paying the fees.

5. Video courses are designed to cover the entire SBI PO 2020 syllabus in not more than 3 months time as the lectures are concise and accurate. It is easy to understand and one can listen to the lecture again in case the topic is not understood in one take. It is not possible with classroom coaching rather one has to do the self study to understand it better or seek for DOUBT SESSION which one seldom gets as the LECTURERS are busy with their schedules in the coaching institutes.

6. Besides giving the knowledge and lectures for objective type questions, video course also provide descriptive test preparation tips. They will provide with separate module to prepare for the same which will consist of tutorials and tips to write essays and letters and how to evaluate them.

7. Mock tests are regularly uploaded and every day one gets a new mock test to practice which makes the preparation exam effective. It will help the candidates to keep a check on their performance and they can improve simultaneously.

8. Video course also provide DOUBT SESSIONS which one can seek individually or in a group for the complex topics or questions given by the portal in the mock test or otherwise you have faced any difficulty in solving from your question bank.

From the above discussion, it can be concluded that Video Courses are the ultimate solution providers to every problem of SBI PO exam aspirants. Therefore, the students are advised to do a wise market survey in selecting one good Video Course for them for better results in forthcoming SBI PO exam.

In case you are located in Patna or nearby Patna and looking for SBI PO Coaching in Patna or any competitive exam coaching then you should must check out IBT. IBT has the best faculty and IBT also provide test series and mocks on daily basis.

All the Best!!!

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