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Your Banking Exam Preparation Guide 2017 - 2018

SBI PO Salary 2017 Latest Allowances After Wage Revision + Promotion

SBI PO Salary and Allowances, Promotion, After Revision and Probation Period + Career Growth Complete Guide

What is SBI PO Salary? State Bank Of India (SBI) recently published recruitment notification of SBI PO 2017 for 2403 various category posts. Department scheduled SBI Probationary Officer exam in May/June month of this year. Now the major question of participants is what is the salary of an SBI PO Officer?

Most of the aspirants who start their SBI Exam 2017 preparation journey they should have aware about what is the job profile of SBI PO and SBI PO salary in hand and benefits. Check detailed guide on salary after clearing SBI PO exam.

SBI PO Salary Structure in Detail

Here we are talking about SBI Bank PO Officer salary and other details such as in hand salary, facilities, Allowances, Salary during the training period, DA, HRA, Bonus, TA, Medical Benefits, Gross salary, Salary increments, Grade pay, Career growth opportunities, 7th pay commission effect on salary etc.

Major questions from students are

All candidates who will be selected for SBI PO Post they will be passing through a probation period. You can also call “training period”. In this process, you will face some workshops, assessments to improve their skills and be eligible for promotions.

Under this probation period, you will a get same amount of Probationary officer with all facilities.

SBI PO Salary with Allowances (एसबीआई पीओ वेतन 2017)

SBI Salary Structure for PO – “Probationary Officer” is eligible for reimbursement of various perquisites, Provident Fund, Gratuity, Pension under New Pension Scheme (Defined Contribution Benefit Scheme), Medical, Leave fare and other facilities, as per the instructions of the Bank issued from time to time.

SBI PO Salary Package 2017 in India
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 available to SBI Bank PO are:

एसबीआई पीओ सैलरी 2017 – Dearness Allowance (DA) – This Allowance 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.

At the point when inflation is high, DA goes up and when expansion falls, DA goes down. Right now it is more than 100% of the SBI PO Basic Pay.

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

In the event that because of a few reasons, SBI can’t give convenience to its PO, it repays by giving a housing allowance. The way of this remittance turns out to be more noticeable as the worker climbs the growth step.

Medical Benefits – SBI deals with the wellbeing and prosperity of its representatives and their families by dealing with the medicinal costs of its workers. Health advantages (100% for the worker and 75% for dependent family members) shape a key part of the general bundle.

The Bank additionally gives assemble protection that is more prominent than the compensation package. Also, the bank has tie-ups with a portion of the best medicinal offices around the nation and workers are qualified for cashless treatment in these spots.

Leave Policy – SBI Probationary Officers are given leave approaches, which incorporates 33 days of benefits leave and 12 days of easygoing 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.

IBPS Bank PO Salary Structure 2017 IBPS Bank Clerk Salary 2017

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

Month to month Benefits – Aside from SBI PO monthly pay, the officers in SBI are 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 gave by the bank to the worker. The aggregate financial estimation of perquisites in the bank comes to around Rs 5000/ – on a month to month premise.

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

Smart Compensation Package – SBI arrangements to offer, subject to fundamental endorsements, a smart compensation package which would give workers the decision to adopt particular components of the sbi po overall salary.

Perks of being an SBI PO

The different perks of being an SBI PO are:

  • No door-to-door sales.
  • Stable work environment.
  • Upward mobility.
  • Encash privilege leaves.

SBI PO Salary After 11th Bipartite Settlement 2017

  • What will be PO salary after 11 bipartite?
  • What is the expected salary structure of bank employees after next settlement in 2017? check The effect on SBI PO Salary After wage revision

The vast majority of the bank workers are sitting tight for Indian Banks’ Association (IBA) Bipartite Settlement (द्विपक्षीय निपटान). After it, we are anticipating that base addition should the fundamental pay 20% to 30%. Check how much salary of SBI Bank PO after wage revision? Or, on the other hand, what will be the basic pay for bank PO after 11th bipartite settlement?

This news about the development of financial specialists pay was started after Dept. of Financial Services issued notification for Next pay (Wage Revision) remedy out in the Public sector banks on 12.01.2017.

Eleventh Bipartite Settlement is expected from first November 2017. In spite of the fact that there is no formal news about the start of transactions for next wage amendment, the accompanying sanction of interest for eleventh bipartite settlement is being circled on Whatsapp and emails and has been shared some WhatsApp gatherings of worker unions.

Effectively, it is once every 4 years only.  Distance – There is no restriction on the distance between the present place of work and the hometown.

SBI PO Vs IBPS PO Salary Difference Between Bank PO Vs Bank Clerk Job

If the distance between the place of work and the hometown is 500 KMs and above, hometown LFC is permitted every year. Otherwise, no hometown LFC is allowed.

Allowance SBI PO Salary after wage revision
DA 0.07% per slab on the revised basic pay
HRA 7% to 12%
CCA 5%  to 8% of the revised basic pay
PQP – 1 Equal to one increment in the last stage of the scale
PQP – 2 Equal to 2 increments in the last stage of the scale
Medical Aid Up to MMGS III – Rs.12,000SMGS IV and above – Rs.15,000
LFC – Home Town Frequency – Once in the sub-block of 2 years, in the main block of every 4 years.
Halting Allowance Up to MMGS III –Rs.1,000/Rs.1,200/Rs.1,400/Rs.1,600

SMGS IV & SMGS V –Rs.1,200/Rs.1,400/Rs.1,600/Rs.1,800

TEGS VI & TEGS VII –Rs.1,200/Rs.1,400/Rs.1,600/Rs.2,000

Split Duty Allowance Rs.400 per month.
Latest SBI PO Exam Updates 2017
SBI PO Syllabus 2017 SBI PO Exam Pattern 2017
SBI PO Admit Card Download SBI PO Study Material
SBI PO Cutoff Marks 2017 SBI PO Books Pdf
SBI PO Interview Tips SBI PO Question Papers

SBI Exam Preparation Mock Test-Series Pdf Download

SBI PO Salary After 7th Pay Commission

Inside the seventh pay commission, countless have been energetically sitting tight for the adjustment in the compensation size of Bank workers and that has at long last materialized.

There have likewise been requests for merging the banking sector but the public sector banks salaries are not at standard with the other government employments. It has been told that the new pay structure inside public sector banks might be powerful from first November 2017 as per 7th Pay Commission effect on salary.

This has been named as exceptional by the bank representatives since this is the first run through in history that government hosts asked for to the gatherings to reach a conclusion before the last date. In this manner, an enormous number of bank employees are anticipating the increment inside their compensation structures.

Indian Banks’ Association (IBA) Chairman Shri T M Bhasin declared that Approx. 9 lac bank workers of public sector bank in India effectively sitting tight for bank bipartite wage settlement.

The majority of the competitors expecting that bank workers’ pay will likewise increment after seventh pay commission yet all banks have their own technique to increase the ascent in pay they don’t take after pay commissions.

So you can expect for a good change in SBI PO Salary after 2017 hike.

SBI Clerk 2017 Complete Details SBI Clerk Exam Pattern
IBPS RRB Officer Nature of Work IBPS RRB Office Assistant Multipurpose Job Profile
SBI PO Career Growth & Promotion

SBI offers immense growth opportunities. SBI PO Promotion cycle is really quick and one can even reach up to the level of director of the gathering. Culminate case for this would be the present Chairman of SBI, Mrs. Arundhati Bhattacharya who began as a PO in SBI in 1977.

The promotion policy of SBI gives a chance to the extraordinarily best officers to achieve the Top Management Grade in a sensibly speedy time.

Check progression report in below table for SBI PO salary after 1, 3, 5, 10 years as per post.

Bank PO Career and Promotions in Banking Sector with Salary
एसबीआई पीओ सैलरी 2017 
Scale I: Officer i.e. PO 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Scale II: Manager 31705 -1145 -32850 -1310 -45950
Scale III: Senior Manager 42020 -1310 -48570 -1460 -51490
Scale IV: Chief Manager 50030 -1460 -55870 -1650 -59170
Scale V: Assistant General Manager 59170 -1650 -62470 -1800 -66070
Scale VI: Deputy General Manager 68680 -1960 -76520
Scale VII: General Manager 76520 -2120 -85000
Executive Director (ED) Approx 1.5 + lac
 Chairperson and Managing Director (CMD) Approx 2 + lac

SBI additionally offers foreign postings to choose officers in light of their performances. It has more than 190 outside workplaces in 36 distinct nations.

There are various motivations to join this association. It is the top bank of India under the Fortune 500 organizations comprehensively. SBI in itself is an enormous brand and to be a piece of such a regarded association says a lot.

How to Prepare for Bank Exam? How to Score Good marks in English in PO Exam?
How to Improve English Grammar for Bank PO? Reasoning Preparation for Bank PO Exam

Salary Increase for Government Bank Employees in 2017.

New Salary Scale for Bank Jobs and Demands With the govt setting up the phase for eleventh wage amendment talks, now IBA and Employee union affiliations must begin the formal procedure.

There is an aggregate of 11 worker affiliations working crosswise over India for the welfare for bank representatives, who will partake during the time spent setting up the sanctions of requests.

All India Bank Employees Association (AIBEA), one of the most seasoned, has respected the govt`s move at their meeting held in Chennai on Jan 13, 2016.They have additionally shaped a sub-advisory group to work with different unions in settling the requests.

S No Rank/Grade Revised Basic Pay(Rs.) Annual Increment –New
Starting Closing
1 Sub-staff 24000 44200 900/8  – 1100/8 – 1400/3
2 Clerk 30000 68900 1500/3 – 1900/8 – 2400/8
3 Officer – JMGS I 57000 104100 2400/7 – 2900/2 – 3500/7
4 Officer – MMGS II 73800 111100 2900/2 – 3500/9
5 Officer – MMGS III 97100 123000 3500/5 – 4200/2
6 Officer – SMGS IV 114600 141400 4200/4 – 5000/2
7 Officer – SMGS V 131400 153400 5000/2 – 6000/2
8 Top Executive – TEG VI 159400 185800 6000/2 – 7200/2
9 Top Executive – TEG VII 185800 217000 7200/2 – 8400/2

SBI Exam Preparation Mock Test-Series Pdf Download

SBI PO Salary in Metro Cities

Meanwhile, SBI PO Job salary are same in all cities like Delhi, Mumbai, Hyderabad, Jaipur, Kolkata, Uttarakhand, Andhra Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamilnadu, Uttar Pradesh, West Bengal etc. but may be differ in rural areas.

IBPS Clerk Notification 2017 IBPS PO Notification 2017
IBPS Specialist Officer Salary and Perks IBPS RRB Officer Salary 2017

(FAQ) Frequently Asked Questions on SBI PO Salary Allowances and Promotions

  1. Qns.What will be the expected salary of an SBI PO after the latest revision?
    Ans.- Expected Salary of SBI PO will be around Rs. 57000/- gross.
  2. Qns.What is the salary structure for an SBI PO, and what are the special facilities he gets as an employee of SBI? OR What are the facilities provide for SBI PO?
    Ans. – You can check latest sbi po salary structure at above table. And he gets different types of facilities like
    Leased House Accommodation = Rs.8000/- to Rs. 30000/-
    Traveling Allowances = AC- 2 tier train fare for all your official travels.
    Medical Insurance = 100% medical cover (75% for family)
    Monthly perks = Rs. 7000/- (petrol, conveyance, entertainment, house rent, phone bills, books etc.)
    Loans = Two wheelers and four-wheeler loans on a minimum interest rate.
    Furniture Allowance = Rs. 12000/- etc.
  3. Qns.Will I get any salary during my Probation? Bank PO salary after probation period?
    Ans. – Yes, dear all shortlisted candidates for SBI PO will be on a probation time of two years. And will get a similar payment as on duty officer.
  4. Qns.How to become a Manger in SBI Bank?
    Ans. – Firstly, when you will get SBI PO post. You will be under 2 years of probation period. After it bank scheduled an exam for you if you will score at least 60% in it then you will get the direct promotion to Scale 2 which is Deputy Manager.
    You should act as Deputy Manager for approx 3 years after that you get qualified for next step that is Manager.
    As a Manager, then again you need to work for approx 2 years simply after that, you get qualified for next level which is Chief Manager.
  5. Qns.What is the salary of a Branch manager in SBI?
    Ans.- SBI Branch Manager salary is Rs. 45950/-.
  6. Qns.What is the salary of a chief manager in SBI? And how many years did it take to become a CM from PO?
    Ans. – SBI chief manager salary is around Rs.59000/month gross which will be touch approx 1 lac after pay revision.
    Generally, it is around 11-13 years. On the off chance that you are affirmed as MMG-II not long after the performance in view of your execution in the written test toward the finish of probation period, it could be shorter at 9 years.
    Along these lines, on the off chance that you fail to get Middle Management Grade II (MMG-II), you will be affirmed just in JMG I (Junior Management Grade).
    Likewise, in banks promotions are not on time scale and are not guaranteed or programmed. In every task, one needs to perform effectively and gain a promotion based on merit and competition to the next grade.
    There is an organized promotion arrangement and there are no alternate routes. Joining a bank as PO just guarantees a higher begin.
  7. Qns.After 2017 hike for the SBI employees, what will be the expected salary for newly appoint PO in the SBI in cities like Delhi, Mumbai, Bangalore, Kolkata, Gujarat, Haryana, Rajasthan?
Post SBIPOSalary
Starting Closing
Existing Basic Pay 23700 42020
SBI PO Revised Basic Pay 57000 104100
Annual Increment New 2400/7 – 2900/2 – 3500/7 42020
  1. Qns.What will be SBI PO salary in Mumbai?
    Ans. Salary structure will be same as given above table in all metro cities.
  2. Qns.What would be the approx salary of an SBI PO after implementation of 7th pay commission?
    Ans. PO salary after revision – it may easily touch Rs. 50000/- per month gross.
  3. Qns.Will I really get 12 lakhs Rs per year as a salary in hand?
    Ans. Many students ask this question to me again and again that SBI PO means 1 lakh salary per month. The truth is behind this is Yes but in another way. Your gross salary with allowances and perks can go up to 12 lakhs per annum which includes
    Basic pay, Dearness Allowance (DA), City Compensatory Allowance (CCA), HRA, Medical, Taxes, and PPF. Allowances like Petrol, Newspaper, Entertainment, Tea and Coffee, Leased rent Accommodation etc. and thus Overall Compensation will come inside the bracket of 8-12 lakhs.
  4. Official website of SBI – www.sbi.co.in.

Hope now you better understand that What is the salary structure of an SBI PO? Share it with your friends. If i missed here something or you have some query and suggestion you can use our comment section below.

SBI PO Salary 2017 with Allowances.

Latest SBI Exam Updates 2017
SBI Exam Syllabus 2017 IBPS Exam Dates 2017
SBI Exam Pattern 2017 IBPS Exam Syllabus
SBI Question Papers IBPS SO Notification 2017
SBI Study Material IBPS Question Papers

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  1. What is the cut off for exserviceman category in prelims and main exam of IBPS clerk for Assam state

    1. Check IBPS Clerk Cut off marks complete details here.

  2. Will I get officer MMGS 2 post at entry Level after Sbi po passed?

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