Salary, Remuneration and the designation followed by promotion and growth in the organization plays a greater role in everyone’s life to keep one self motivated to attain the desired target or goal. Everyone is working to earn their bread and butter and no one would mind having the desert at the end of the day. Perks and other benefits given by SBI are considered to be the highest as compared to other banking organizations.
SBI PO is the most reputed and demanding job after RBI due to the timely promotions and salary scale offered by SBI. Facilities given by SBI to its employees depending upon the place of posting, attracts number of aspirants towards this organization. SBI 2019, is definitely going to change the life of many aspirants whether financially or socially. SBI PO gives more financial stability as compared to other bank PO jobs.
After receiving number of queries from our students, we have dedicated this post to the salary components and growth profile of SBI PO 2019. Excluding the basic pay( as it remains same), other benefits and perks may differ from place to place. Those who are posted in metropolitan city or X city( Mumbai, Chennai, Calcutta and Delhi) Receives the highest among all. Let us discuss the salary of SBI PO 2019.
SBI PO Salary and other Benefits:
Presently, the starting basic pay of SBI PO as mentioned in the official notification is 27,620/- (with 4 advance increments) in the scale of 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I.
Person working as a Probationary officer with SBI, will also be eligible for D.A, H.R.A/ Lease Rental, C.CA, medical and other allowances & perquisites as per the rules in force from time to time.
Total compensation will be minimum of RS. 8.20 Lacs per annum( basec on per annum CTC) and a maximum of 13.08 Lacs depending upon the place of posting for scale 1 officer.
SBI PO 2019 Salary Package and Other Benefits:
|BASIC PAY OF SBI PO 2019||Rs. 27620/- (4 Increments also applicable)|
|DA( Dearness allowance)||46.9% of the Basic Pay (Revised Quarterly)|
|C.C.A||Varies from place to place (3%-4% of Basic pay)|
|H.R.A||7%-9% depends on place of posting|
|Medical Allowance||100% for the employee and 75% for the family members|
|Travelling allowance||Reimbursement of fare for office purpose only|
|Monthly Benefits||Newspaper, petrol, books and magazines, entertainment, reimbursement of telephone and other allowances that may cost up to RS.5000|
|Other Benefits||Housing loan, car loan and personal loan at concessionary rate of interest.|
|Furniture Allowance||may goes up to 1,20,000|
Note: when inflation is high, DA goes up and when it falls down, DA goes down. presently it is more than 100% of the SBI PO Basic Pay.
SBI PO Promotion and Career Opportunity:
SBI PO Job Profile and Responsibilities:
SBI PO will have to serve a probation period of 2 years to learn the basic aspects of banking sector like supervising clerical activity, bank accounts opening, customer service, processing or passing of loans etc. Retail and rural banking will also be taught to them. Training to scale 1 officers may also provided at SBI training institutes. After successful completion of probation period employees will undergo a screening process,if qualified employees may be promoted to Grade II officer scale.
- Decent salary
- High career growth
- Lots of perks and other benefits.
Hope this was all you were looking for, before applying to this recruitment. So students, do not wait for the last date to register yourself for the SBI PO 2019. Apply Online for SBI PO 2019 now !