SBI PO Salary 2023 In Hand: Check Salary Slip, Basic Pay, Allowances, Perks

Nov 06 2023

Check SBI PO Salary 2023 In hand: For your reference, the SBI PO salary 2023 in hand details are provided on this page. The SBI PO Exam is conducted to recruit talented candidates for the Probationary Officer posts. As the SBI PO salary in hand 2023 is high as compared to other PSBs, there will be a huge demand for this job. The aspirants who wish to apply for this bank job should know complete info on the SBI PO salary 2023 details. Here we have provided the latest SBI PO salary slip 2023 for reference. By checking the SBI PO salary slip 2023, you can know the exact details on the SBI PO salary in hand 2023, allowances, and perks. Go through this page, so you can get clarity regarding the SBI PO salary 2023 in hand, SBI PO job profile, SBI PO career growth, etc.

SBI PO Prelims Result 2023 Expected Date

SBI PO Prelims Score Card 2023

SBI PO Salary 2023

Presently, the starting basic SBI PO Salary 2023 is Rs.41,960/- (with 4 advance increments). Check the detailed SBI PO salary structure 2023 provided here:

Rs. 36000 - 1490/7 - 46430 - 1740/2 - 49910 - 1990/7 - 63840

This SBI PO salary 2023 structure is applicable to Junior Management Grade Scale 1. The PO will also be eligible for Dearness allowance, H.R.A / Lease rental, City Compensatory Allowance, Medical, and other allowances & perks as per rules in force from time to time. Including the allowances, the net SBI PO salary in hand 2023 is approximately Rs.52820. Here in this table, you can refer to the SBI PO salary increment from time o time as per the pay structure.

SBI PO Prelims Bundle PDF Course 2023

SBI PO Cut Off 2023

Starting Basic SBI PO salary 2023	Rs.41,960/- (with 4 advance increments)
Basic SBI PO Salary after 7 years of increment	Rs.46430
Basic SBI PO Salary after 9 years of increment	Rs.49910
Basic SBI PO Salary after 16 years of increment	Rs.63480

SBI PO Vacancy

SBI PO Previous Year Paper

SBI PO Salary in Hand 2023

SBI PO Salary in hand 2023 is the net package. That is, after the deductions from the gross pay, you will get the SBI PO Salary in hand 2023. Among the PSBs, the State bank of India provides the highest SBI PO salary 2023 in hand amount. Check here the approximate amount of the SBI PO Salary in hand 2023.

SBI PO Salary In Hand 2023 (net pay) - Rs. 52820 (approx.)

SBI PO Salary Slip 2023

With the help of the SBI PO salary slip 2023, you can know the break up between the gross pay, allowances, deductions, and the net pay. So, you can know the exact SBI PO salary 2023 in hand. The gross SBI PO salary 2023 will be the sum of your basic pay and allowances. From the gross pay, if you take out the deductions, you can come to know the net SBI PO salary in hand 2023. Also, you can check the break up of allowances clearly from the SBI PO salary slip 2023. Thus, the SBI PO salary slip 2023 will give you a clear idea regarding the emoluments.

SBI PO Syllabus & Exam Pattern

Particulars of SBI PO Salary Slip 2023	Amount
Basic SBI PO Salary 2023	Rs. 41,960
Special Allowance	Rs. 6,881
Dearness Allowance	Rs. 12,701
Location Allowance	Rs. 700
Learning Allowance	Rs. 600
House Rent Allowance	Rs. 2,937
Gross SBI PO Salary 2023	Rs. 65,780
Deduction (PF / Income Tax / Professional Tax / Pension)	Rs. 12,960
Net SBI PO Salary in hand 2023	Rs. 52,820

SBI PO Salary After 5 Years

In the SBI PO salary slip 2023, the details regarding the deductions are given in the following table:

Particulars of Deductions in SBI PO Salary Slip 2023	Amount
PF Contribution	Rs. 4,196/-
Income Tax	Rs. 3,290/-
Professional Tax	Rs. 200/-
Contributory Pension Fund	Rs. 5,274
Total Deductions from the gross SBI PO Salary 2023	Rs. 12,960

Some Important Links:

SBI PO Photo and Signature Size	SBI PO Handwritten Declaration Size	SBI PO Photo, Signature, Thumb Resizer
SBI PO Eligibility Checker	SBI PO Book PDF	SBI PO Topic wise Weightage
SBI PO Exam Centres 2023	SBI PO Exam Date 2023

SBI PO Allowances and Perks

The SBI PO salary and perks will contain various allowances and perks. The allowances will boom your SBI PO salary per month to a high level. Take a look at the allowances included in your SBI PO salary 2023 slip.

Allowance Details of SBI PO Salary 2023	Amount
Dearness Allowance	26% of the Basic Pay
City Compensatory Allowance	3% – 4% depending on location
House Rent Allowance	7% – 9% depending on Place of Posting
Furniture Allowance	Rs. 1,20,000
Medical Insurance	100% covered for employee \| 75% covered for dependent family
Travelling Allowance	AC 2-tier fare is reimbursed to the employee for official travels
Petrol Allowance	50 Lts (For 2 wheelers) Or 55 Lts (For 4 Wheeler) Or Approx. Rs. 1100 -1250 if you don't have 2/4 wheelers (conveyance allowance).
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.	Varies based on Cadre

As the year passes, your basic pay and allowance will increase. Your SBI PO salary slip after 11th bipartite settlement will have a much-increased pay after 5 years. You can get to know that well in the pay slip of SBI PO salary after 5 years, 10 years, and so on. Check the furthermore allowances and perks of SBI PO salary 2023 in hand.

Telephone bill reimbursement
Leave fare concession / Home Travel concession
Cashless treatment in selected medical facilities around the country
House maintenance allowance
Concessionary interest rates for car loan, personal loan and house loan.

Thus, the allowances and perks will make this SBI PO salary 2023 an attractive package.

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SBI PO Joining & Training Process

Like SBI PO salary per month, it is also important for the candidates to know the joining and training process.

The selected candidates will have to take online courses to gain basic banking knowledge. The course shall complete before joining.
At the time of joining, candidates must sign a Bond for a value of 2.00 lakh to serve the Bank for a minimum period of 3 years. The Bond will be invoked by the Bank if the candidate resigns from the service of the Bank before the expiry of three years from the date of joining.
On joining, the candidates will be posted as “Probationary Officers” and may be on probation for 2 years.
Candidates will be on a continuous assessment, as per Bank’s extant policy, during the probation period.
Those candidates who pass in the assessment as per standards determined by the Bank from time to time will be confirmed in the Service of the Bank in Junior Management Grade Scale 1 (JMGS 1).
If the candidate fails to achieve the minimum standards stipulated, his/ her services may be terminated as per the policy of the Bank in force at the material time.

Bank provides immense opportunities for growth in career, including opportunities for posting abroad. The attractive promotion policy of the Bank provides an opportunity to the meritorious and exceptionally brilliant officers to reach the Top Management Grade in a reasonably quick time.

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SBI PO Job Profile 2023

The SBI PO salary 2023 in hand is an attractive package. This is due to the versatile nature of the SBI PO job profile. The Probationary Officer and may have also to engage in clerical work as per to the requirements. Aspirants should take this opportunity to learn new things. If you clearly understand the SBI PO job description, you can perform well in the managerial role. So, it is very important to know the basics of SBI PO job profile and salary details. Check the SBI PO job profile details given below.

During the SBI PO probation period of 2 years, candidates have to know about the basic bank functioning process and the duties related to their work profile.
Very common works of an SBI PO include - To gain practical knowledge of various banking activities, Customer Services (which includes passbook printing, account opening, etc.), supervision of the works of clerks, Loan Processing, etc.
In the probation period, training will be given in areas like Retail (Personal) Banking, Advances, Rural Banking (Agriculture training), etc.

After the probation period, SBI PO requires to take a screening test, qualifying which he/she will be confirmed as an Officer Middle Management Grade Scale 2.

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SBI PO Career Growth Opportunities

SBI PO will get quick promotions as per their performance. As per their promotions, there will be a concurrent increase in the salary as per the Bank norms. The SBI PO salary after 10 years will be a huge sum in line with the promotions. Starting from the PO, you can go up to the Chairman as shown below: