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One of the most asked questions among students is the in-hand salary that they would receive as a probationary officer in SBI. The basic grade pay is Rs. 27620/- which is accompanied by 4 increments. Apart from this, the salary component involves other Allowances which is as follows. For more details, you can check the SBI PO Salary.
SBI PO Basic Pay
Rs.27,620/- (with 4 advance increments) (in the scale of 23700-980/7-30560-1145/2-32850-1310/7-42020)
Dearness Allowance
This is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently, DA is 46.9% of the basic pay.
City Compensatory Allowance (CCA)
This varies with the place of posting at 4% or 3%.
Leased House Accommodation
SBI PO may take a house on lease, the amount of which varies with posting between a minimum of. Rs. 8000/- (in rural areas) and a maximum of Rs. 29500/- (in Mumbai).
Furniture Allowance
Rs. 120000/- for the purchase of furniture
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
50Lts (For 2 wheelers) Or 55Lts (For 4 Wheeler) Or Approx. Rs. 1100-1250 if you don't have 2/4 wheeler (conveyance allowance).
The career growth of an SBI PO is mentioned below-
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