SBI PO New Salary 2024 - 25: Check Updated Basic Pay, Salary Slip, Allowances, Perks, Career Growth

The SBI PO recruitment is to select candidates for Probationary Officer posts in the State Bank of India. There is a huge demand for this job, as the SBI PO salary is higher than that of other PSBs. The SBI PO New Salary 2024 - 25 pay scale is updated here. The SBI Probationary Officer pay scale is Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920. Thus, the starting basic pay is Rs.48480/- (plus 4 advance increments). For your information, we have attached the latest SBI PO salary slip 2024 - 25. You can obtain precise information about the in hand pay, perks, and allowances by examining the salary slip. As per the official notification, the approximate CTC at initial scale of at Mumbai Centre is 18.67 Lacs. Read through this page to learn more about the SBI PO salary 2024 - 25, job profile, SBI PO career growth, and other details.

SBI PO Cut Off Details

SBI PO New Salary 2024 - 25

Presently, the starting basic pay for SBI PO is Rs.48480/- (with 4 advance increments). Check the detailed SBI PO salary structure provided here:

• Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920.

This SBI PO salary 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.

The approximate CTC at initial scale of at Mumbai Centre is 18.67 Lacs.

SBI PO Vacancy

SBI PO Previous Year Paper

SBI PO Salary in Hand 2024 - 25

SBI PO Salary in hand per month is the net package. That is, after the deductions from the gross pay, you will get the SBI PO Salary in hand 2024 - 25. Among the PSBs, the State Bank of India provides the highest SBI PO salary 2024 - 25 in hand amount. Check here the approximate amount of the net pay.

• SBI PO Salary In Hand 2024 (net pay) - Rs. 84964 (approx.)

SBI PO Salary Slip 2024 - 25

With the help of the SBI PO salary slip 2024 - 25, you can know the break-up between the gross pay, allowances, deductions, and net pay. So, you can know the exact salary details. The gross SBI PO salary 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 per month. Also, you can check the break up of allowances clearly from the SBI PO salary slip 2024 - 25. Thus, the SBI PO salary slip will give you a clear idea regarding the emoluments.

SBI PO Syllabus & Exam Pattern

SBI PO Exam Date

Some Important Links:

SBI PO Allowances and Perks

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

As the year passes, your basic pay and allowance will increase. Your SBI PO salary slip after 12th bipartite settlement will have a much-increased allowances. Check the furthermore allowances and perks of SBI PO salary in hand 2024 - 25.

• 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.

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.

SBI PO Job Profile

The SBI PO salary 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.

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 12th bipartite settlement will be a huge sum in line with the promotions. Starting from the PO, you can go up to the Chairman as shown below:

• Assistant Manager

• Deputy Manager

• Manager

• Chief Manager

• Assistant General Manager

• Deputy General Manager

• General Manager

• Chief General Manager

• Deputy Managing Director

• Managing Director

• Chairman

FAQs

Q: What is the SBI PO salary structure?

SBI PO pay scale Rs 48480-2000/7-62480-2340/2-67160-2680/7-85920.

Q: What is the basic SBI PO salary 2024 - 25?

The starting SBI PO basic pay is Rs.48480/- (plus 4 advance increments).

Q: Mention the net SBI PO salary in hand 2024 - 25?

The SBI PO salary in hand per month will be approximately Rs.84964.

Q: Where can I check SBI PO salary slip 2024 - 25?

On this page, we have given the SBI PO salary slip details.