SBI PO Salary: The State Bank of India has many vacancies by which one can join the service. Here in this article, I am going to share with you the complete details about the State Bank of India Probationary Officers. You will get to know here the SBI PO Salary and SBI Probationary Officer Promotion. To get complete details about this, check the complete article below. I have given all the details regarding the salary and promotion of the candidate in the service.
SBI PO Salary and Promotion Full Details:
Job at the State Bank of India is very demanding among youths. Everybody it a peaceful and riskless job. In order to get selected as a Probationary Officer in the State Bank of India. A Candidate will have to appear for the Examination. There are a total of three phases of examination that one has to clear to get selected in the service.
- Paper 1 (Preliminary Exam)
- Paper 2 (Mains Exam)
- Interview etc.
First, A candidate will appear for the Preliminary Exam and then Mains Paper. The shortlisting of the candidate for the mains paper would be done on the basis of the marks scored in paper 1 (preliminary Exam). The selection is too tough but the competition is too high in this. I am here to share with you the salary of SBI Probationary Officer and promotion etc.
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State Bank of India PO Salary:
The Salary in the State Bank of India as a Probationary officer is pretty much good. They get paid so well for their duty. On average, the SBI PO salary is around 27,000/- per month after the 7th Grade Pay commission With four advance increments in the compensation size of 23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020. The Salary in the service depends on the number of factors like Area of Posting and facilities available in the office etc. If the Probationary Officer gets posted in the village area they get more salary as per the rule.
There are also many other benefits and allowance that officers get in the service and these allowances, benefits are after the salary.
SBI PO Salary in Hand:-
A newly joined PO will receive approx 40,000-42,000 per month salary along with the Allowances which is given below of this post.
Allowances of SBI PO:
The Job of PO comes under the Grade B categories and they get allowances on the basis of that. Here are the allowances that are given to the SBI Group B employees:
- Dearness Allowance of 46% of Basic Pay
- City Compensatory Allowance of 3% to 4% depending upon the city.
- House Rent Allowance of 7% to 9% depending upon the city and place of posting etc.
- Furniture Allowances
- Medical Insurance for 100% to employe and 75% for Family.
- Travelling Allowances
- Petrol Allowance
- Gross Compensation of 8 Lakhs Minimum and 13.50 lakhs maximum.
These are the allowances that are given to the SBI Garde B employees. The Travelling allowances will be only given when you will be travelling for official work. No allowances will be paid for your personal travel. There are also some additional benefits:
- Contribution Pension Scheme or called New Pension Scheme
- Medical Aid
- Home Travel Concession or Leave Fare concession
- Concession interest rates for Home loan, Car Loan or Personal Loan.
Now let’s see the promotion of the SBI PO in the service and what is the growth rate of the employees in the State Bank of India.
Promotion of SBI Probationary Officer:
The promotion in the State Bank of India always depends on the experience. There is no fixed pyramid structure for the promotion of the employees. To get promotion in the service. The state bank of India Conducts the promotional exams every year. All the hardworking employees can appear for this examination. This exam is conducted by the State Bank of India every year. so that deserving employees can reach higher posts.
State bank of India provides immense growth for the career including posting abroad. To get further one will have to appear for the promotional exams. There is no way to get promotions without Exam.
The life at the State bank of India is good. The job of SBI Probationary officer considered as the most prestigious job. The Salary structure in the service is pretty much good. You also get enough benefits and allowances from the SBI. There is also a free foreign tour in a every five years for the employe as well as his family. It is hard to get selected in the service. the competition is too much. You will need to prepare so good to get selected.
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