SBI PO Salary 2024 has seen a significant increase by 19.83% with the latest revision in Dearness Allowance (DA) from November 2024. This makes the role of a Probationary Officer in State Bank of India even more attractive. Along with a competitive salary structure, SBI POs enjoy a range of perks, allowances and benefits that cater to their professional and personal growth. In addition to financial rewards, the job offers a dynamic work environment, diverse responsibilities, and opportunities for career advancement. Let’s check out the revised salary details, job profile and exciting benefits of being an SBI PO.
sbi po salary 2024
With the amendments after the 12th bilateral agreement, the average annual SBI PO salary can now reach Rs. 10 lakhs, making it one of the most rewarding professions in the banking sector. For interested candidates, the given article has a detailed discussion of the revised SBI PO salary along with perks, perks, benefits, job profile and career growth.
SBI PO Salary: Overview
The bilateral agreement between banks and employees forms the basis of SBI PO Salary 2024. The salary of Probationary Officer in SBI is subject to revision from time to time. Candidates can get the summary of salary as mentioned in the official notification through the given table.
| sbi po salary 2024 | |
| Organization | state Bank of India |
| name of exam | sbi po 2024 |
| Post | Probationary officer |
| Social class | Salary |
| SBI PO Basic Pay (Initial) | Rupee. 56480/- (including 4) annual salary increase) |
| sbi po net salary | Rupee. 82,000 (approx) |
| official website | @www.sbi.co.in |
| official whatsapp channel | join whatsapp channel |
| official telegram channel | Join Telegram Channel |
SBI PO Salary Structure 2024
As per SBI PO Salary, The starting basic pay of an employee is ₹48480/-, the pay scale is ₹48,480-2000/7- 62,480-2340/2- 67,160-2680/7-85,920., Here, in the given table, Candidates can check SBI PO Salary Structure 2024.
SBI PO Salary Cut 2024
SBI POs enjoy various facilities along with deductions which they can claim while filing their ITR and ascertaining their tax liabilities. All the allowable deductions from SBI PO salary structure 2024 are listed in the table below.
SBI PO Salary Slip 2024
Through SBI PO Salary Slip, candidates get the authentic details like basic salary, amount for various allowances, deductions etc. Here, we have provided the SBI PO salary slip of a Probationary Officer who joined the organization on 01. July 2024.
- Dearness Allowance, which is 15.97% of basic pay
- City Compensatory Allowance, 3% to 4% depending on the location of the employee
- House Rent Allowance, 7% to 9% depending on place of posting
- Medical insurance, with 100% coverage for employee and 75% coverage for dependent family.
- Traveling Allowance, which reimburses AC 2-tier fare to the employee during official travel
- Additional allowances like newspaper allowance, entertainment allowance and book allowance vary depending on the place of posting.
- Cashless treatment at selected medical facilities across the country
- Concessional interest rates for House Loan, Car Loan and Personal Loan
- New Pension Scheme Contribution
- Leave Travel Concessions (LTC).
Here are the details of allowances in amount and percentage as per the structure of SBI PO Salary 2024:
| sbi po salary allowances | |
| allowance | amount |
| dearness allowance | 19.83% of basic salary |
| city compensatory allowance | 3% – 4% depending on location |
| house rent allowance | 8% – 10% depending on place of posting |
| medical insurance | 100% cover for employees. 75% covered for dependent family |
| traveling allowance | AC 2-tier fare is reimbursed to the employee for official travel |
| petrol allowance | Rupee. 1,100 – 1,250 |
| Newspaper Allowance, Entertainment Allowance, Book Allowance, etc. | Varies depending on cadre |
SBI PO Job Profile and Promotion
The daily duties of an SBI Probationary Officer include the following,
- Supervising administrative tasks, loan processing, setting up bank accounts and customer service, among other things.
- promote new projects
- Bringing new customers to the bank
- Anything may be assigned by the Bank from time to time.
- Instruction is provided on-site like at SBI training facilities.
SBI PO Promotion Hierarchy
SBI offers a well-defined promotion hierarchy for probationary officers. The promotion hierarchy for SBI PO generally follows a structured path, which allows employees to progress based on their performance, experience and merit. SBI PO promotion hierarchy is mentioned below.
- Assistant manager
- Deputy Manager
- Manager
- senior manager
- chief Manager
- Assistant General Manager (AGM)
- Deputy General Manager (DGM)
- General Manager (GM)
- Chief General Manager
- Deputy Managing Director
- Managing Director
- chairman
SBI PO Salary 2024 Annual Package
SBI salary annual package is structured to provide attractive benefits to its employees. The annual package comprises various components such as basic salary, allowances and perks, which collectively contribute to the overall remuneration. To calculate the SBI salary annual package, the sum of basic salary, dearness allowance, HRA, city compensatory allowance and other benefits is considered. The total annual package may vary depending on various factors like location (city X, Y and Z), experience etc. Minimum gross compensation is approximately Rs. It is expected to happen. 9.50 lakh per annum, while the maximum gross compensation is around Rs. 11 lakh per year.
