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SBI PO Salary Structure 2021

Updated On -

Nov 8, 2020

State Bank of India is one of the most popular Government banks in India and every year thousands of aspirants wish to be a part of their team. SBI needs huge manpower for maintaining its various branches, national and international. SBI Probationary Officer posts for the year 2021 will soon be published. The exam is held in two stages i.e. Preliminary exam and the Main exam. The qualified candidates are then called for a Group Discussion round, followed by the Personal Interview.

Get FREE SBI PO 2021 Mock Tests, Sectional Quiz, Previous Years Papers. Click Here

SBI Highlights

SBI PO Exam 2021 Overview

Exam Name SBI PO (State Bank of India Probationary Officer)
Main Authority State Bank of India
Post Probationary Officer
Level of Examination National
Application Mode Online only
Official Website https://www.sbi.co.in/careers
Type of Questions Multiple Choice Questions
Selection Process Preliminary Exam, Main Exam, Interview and Group Discussion

Aspirants of banking sector jobs wait for the SBI Probationary Officer exam every year. It offers fruitful job growth options at Scale I in the bank. It offers a handsome salary package in addition to various incentives as set by the Government of India.

SBI Salary

SBI PO Salary 2021

The basic pay of SBI PO is Rs 27620.

This comes with four advance increments in the compensation size of

23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020.

This means that the PO will get a basic of Rs 23700 with an increment of Rs 980 for the next 7 years, followed by a basic of Rs 30560 with an annual increment of Rs 1145 for the next two years and so on.

The maximum basic salary therefore will be Rs 42020 per month.

SBI PO is eligible for DA, HRA, CCA, Medical and other allowances also.

The total compensation per annum on CTC is around Rs 8.20 lakhs to Rs 13.08 lakhs depending on the place of posting.

SBI Allowances

SBI PO Perks and Allowances for the year 2021

SBI provides 100% medical insurance for the Officer and 75% insurance for family members of the employee. It offers cashless treatment in the selected medical facilities around the country.

Apart from these, they are provided with Newspaper Allowances, Books and Magazine Allowances, Petrol Allowances, House Maintenance Allowances, Telephone Bill Reimbursement, Entertainment Allowances, Concessionary interest rates for House Loan, Car Loan and Personal Loans.

Dearness Allowance 46.9% of the Basic Pay
City Compensatory Allowance 3% – 4% depending on location
House Rent Allowance 7% – 9% depending on Place of Posting
Furniture Allowance INR 1,20,000
Medical Insurance 100% cover for employee and 75% cover for dependent family members
Travelling Allowance AC 2-tier fare is reimbursed to the employee for official travels only
Petrol Allowance INR 1,100 – 1,250
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. Varies based on Cadre
SBI Joining

SBI PO Salary 2021 Joining, Training & Career Path

Candidates who are shortlisted after the personal interview are given training regarding the basic banking knowledge before joining. At the time of joining, the candidates have to sign a bond of Rs 2 lakhs and serve the bank for a minimum of three years. The bank also offers many career opportunities in careers nationally and even a chance to get posted internationally.

After two-year probation, various promotion positions are as follows:-

  1. Assistant Manager
  2. Deputy Manager
  3. Manager
  4. Chief Manager
  5. Assistant General Manager
  6. Deputy General Manager
  7. General Manager
  8. Chief General Manager
  9. Deputy Managing Director
  10. Managing Director
  11. Chairman
SBI FAQs

SBI PO 2021 FAQ’s

Ques. How to apply for the post of SBI PO in 2021?

Ans. Candidates who fulfil the eligibility criteria can apply for the post-SBI PO by submitting the application form on the official website of State Bank of India i.e. www.sbi.co.in.

Ques. What is the starting salary of an SBI Probationary Officer?

Ans, The starting salary of an SBI Probationary Officer is Rs. 27,620 which is followed by four increments.

Ques. What is the highest rank an SBI PO can get?

Ans. Chairman is the highest rank one can get in his/her banking career. One gets a chance to get promoted to various ranks as per the credibility of the candidate.

Ques. Does an SBI PO get any allowances?

Ans. Yes, apart from the basic salary, State Bank of India PO gets various allowances such as House Rent Allowance, Dearness Allowance, Medical allowance, Personal loans etc.

Ques. What is the probation period of a Probationary Officer in SBI?

Ans. The selected candidates have to serve for a minimum of 3 years in the State Bank of India, out of which the first two years he/she is on probation. They undergo various checks and are kept under observation for this period.

Ques. Is there any security deposit during the joining of PO post?

Ans. At the time of joining, all the candidates have to sign a bond of Rs 2 lakhs for the probation period

*The article might have information for the previous academic years, please refer the official website of the exam.

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