However, it is really important to know the compensation package offered by the company for the hard work you are going to put in for the company. State Bank of India provides AC 2- tier fare for official travel. The bank offers a minimum of Rs 8.20 lacs and the maximum package is Rs 13.08 lacs depending upon the place of posting, as far as the CTC is concerned. 40 litres of Petrol=Rs.2600 2.Magazines=Rs.400 3.Cleaning =Rs.750 4. Basic Pay- 23700+ 4X980(for additional increments in SBI)=27620 Dearness Allowance- 36.40%(presently) […] 2400 more in basic pay. Your email address will not be published. SBI PO Salary 2021: The State Bank of India Probationary Officer (SBI PO) is one of the prestigious jobs in India. Before telling you more about SBI PO salary, Let’s check out the employee structure of SBI in our country. Interestingly, SBI PO gets reimbursement of travel cost for official travels. 14500 as basic pay, SBI PO gets Rs. SBI PO Vs IBPS PO: As SBI PO 2020 exam notification is already announced, there are many students who are searching which job is will provide better opportunities to them, SBI PO or IBPS PO? Along with job security and social status, the SBI PO job offers its candidates with some more great opportunities. The State Bank of India Probationary Officer (PO) is considered the most demanding and prestigious government job of India. 1. EPFO Recruitment 2019: Vacancies for 2189 Social Security Assistant Posts; Check Eligibility, Applying Method, Weekend Weather Alert!!!! Wondering what will be your salary after 5 years of working with SBI? SBI PO Additional Benefits: Medical insurance (100 percent for SBI PO and 75 percent for family members) SBI Clerk Salary 2020 with Allowances, Promotion, After Revision and Probation Period + Career Growth Opportunities. Limit of leased accommodation vary from place to place & bank to bank. It is calculated based on the Consumer Price Index (CPI) and is revised every quarter. Travelling Allowance. Here we have covered detailed information about SBI PO Salary 2019 Allowances 2020 & all information of SBI PO Pay Scale 2019 | 2020. Well, SBI PO and IBPS PO have their own significance and career progression option. State Bank of India (SBI) is the largest Commercial Bank of India. SBI PO Salary Package 2020 in India: SBI PO Basic Pay: Rs. We need your support to keep delivering quality Agri Journalism and reach the farmers and people in every corner of rural India. Dearness Allowance (DA): The consumer Price Index (CPI) is the base for the calculation of the dearness allowance. SBI PO Salary is one big question for the bank aspirants for the job is a great opportunity to work with the top nationalized bank of the country. Amount credited directly into house owner’s account. Required fields are marked *. Furniture Allowance – An officer is entitled for Rs.1,20,000/- for the purchase of furniture and annual maintenance. State Bank of India (SBI) is India's largest lender and therefore, a huge number of people search for jobs in the PSU bank. Every contribution is valuable for our future. Furniture Maintaining Allowance – 11,000/- for the maintenance of the furniture purchased by the officer. Presently, the starting basic pay is Rs.27620/- per month (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-1. What is the Complete Salary Structure of SBI PO 2019? In SBI PO salary, the allowances are very good (leased accommodation, furniture allowance, 100% medical bills, petrol, mobile bills, entertainment allowance and the list go on and on). Dear patron, thank you for being our reader. SBI PO Salary 2019 State Bank of India (SBI) is the only bank which has its own brand in the banking sector. With all these allowances, the starting salary per month in a metro city like Mumbai becomes approximately Rs 25,000 . When i pen down my thoughts, “salary structure” is most interesting topic for me. SBI PO Salary Package 2020 in India: SBI PO Basic Pay: Rs. The employees get leave travel concession to visit places with in India. The salary of a PO in SBI has annual increments. State Bank of India is the largest bank in India having its operations all over the country. Video – SBI PO Salary Video details in hindi. The Prelims was conducted on December 31, January 2, 4 and 5, 2021 and the Mains was conducted on January 29, 2021.The result for mains is expected to release by the last week of February. The SBI PO exam for the recruitment cycle 2020 is over now. Daily. 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. Subscribe to our Newsletter. 120000/-Medical Insurance SBI PO gets Rs 1, 20,000 for the purchase of furniture. SBI PO: Salary, Allowances and Pay Scale. Allowances are the financial benefits that are provided to the employees by the employers over their regular salary. Now I would like to share the salary structure , perks, allowances and benefits which you people can avail after joining this institution. Save my name, email, and website in this browser for the next time I comment. Ambitiousbaba.com provide an article about the pros and cons of SBI PO job, and the details about the salary, work load, transfer policy, work timings, career prospects, work pressure etc. SBI PO Work Life Balance. EMPLOYEES OF SBI. One can expect your DA to be around 46 percent of the basic pay. Get the details about the SBI PO salary structure and other information related to allowances, insurance, and perks of SBI Bank PO Salary. The SBI PO salary differs as per the Bank location. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice. SBI gives Rs. Our talk and interview session with the prominent people in the agriculture industry. In terms of pay, SBI PO salary is definitely better than any other PSUs. It is likely that the candidates who prepare for SBI recruitment often want to know about the salary structure of SBI Probationary Officers (P.O). As other banks give Rs. ECGC PO Allowance 2021: Apart from the ECGC PO salary, the officers are also eligible for the allowances and benefits like Dearness Allowance, House Rent Allowance / House Lease Reimbursement, Transport Allowance, Medical Allowance, Newspaper Allowance, Meal coupons, Reimbursement of Mobile Bills, Mobile Handset & Briefcase Allowance, Furniture Allowance, Household help Allowance… The total compensation per annum on CTC basis be a minimum of Rs.8.20 lacs and maximum of Rs.13.08 lacs depending on place of posting and other factors. Mail me your suggestions and feedback. The SBI Clerk Salary comprises of different allowances such as furniture allowance, telephone bills reimbursements, and many more. 10(13A) House Rent Allowance (Sec. Medical insurance (100 percent for SBI PO and 75 percent for family members), Cashless treatment in selected medical facilities around the country, Concessionary interest rates for House Loan, Car Loan, and Personal Loan. Let us have a look at the salary details of ECGC PO with complete In-hand Salary, Structure, Perks, and Allowances of ECGC PO. Hello Friends First of all congrats for getting selected to STATE BANK OF INDIA- The Premier Institute in Indian Banking Industry. Cost of accommodation in Abu Dhabi. How satisfied are SBI POs with their jobs? SBI PO Perks and Allowances. A Probationary officer gets 100 percent medical coverage from SBI and 75 percent for their family members. Know In-Hand Salary after 7th Commission, Salary structure, Allowances, Perks, Benefits and Career opportunities of SBI PO. HRA: 9%, 8% or 7% (Depends on the place of posting) Furniture Allowance: Rs. 120000/-Medical Insurance Furniture Allowance – An officer is entitled for Rs.1,20,000/- for the purchase of furniture and annual maintenance; Furniture Maintaining Allowance – 11,000/- for the maintenance of the furniture purchased by the officer. Basic Pay- 23700+ 4X980(for additional increments in SBI)=27620 Dearness Allowance- 36.40%(presently) […] SBI PO 2021: State Bank of India will be soon releasing the notification for SBI PO 2021 Recruitment. Recently, SBI PO Recruitment drive 2018 has been announced. Apart from the perks and benefits mentioned above, SBI PO also enjoys numerous monthly perks like tea & coffee, newspaper allowance. We're on WhatsApp! 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