Read unofficial details of SBI PO Salary 2022: Check In-Hand, Salary, Salary Slip, Promotion & Perks on e akhabaar. We have taken this Salary data from People Employed in the organisation.

The basic salary for a State Bank of India Probationary Officer (SBI PO) is Rs 41,960. According to the modified Bipartite Settlement, a Probationary Officer’s salary is 36,000-1490/7-46430-1740/2-49910-1990/7-63840, with four advance increments.

SBI PO Salary 2022

An SBI Probationary Officer’s starting basic salary is Rs 41,960. According to the amended Bipartite Settlement, the salary of a Probationary Officer is 36000-1490/7-46430-1740/2-49910-1990/7-63840 with four advance increments. It means that the PO will receive a basic salary of Rs 36000 with an annual increment of Rs 1490 for the following seven years, followed by a basic salary of Rs 46430 with an annual increment of Rs 1740 for the next two years, and so on. The maximum basic pay is Rs 63840.

SBI PO Salary Structure

Candidates interested in the position of SBI Probationary Officer should be aware of the salary structure for this post:

Components Amount
Basic Pay Rs. 41,960
Special Allowance Rs. 6,881
DA Rs. 12,701
Location Allowance Rs. 700
Learning Allowance Rs. 600
HRA Rs. 2,937
Gross Salary Rs. 65,780
Deduction (PF/Income Tax/Professional Tax/Pension) Rs. 12,960
Net Salary Rs. 52,820

What is SBI PO In-Hand Salary?

The starting salary of an SBI PO is between Rs. 52000 and Rs. 55000 per month, with a basic compensation of Rs. 41,960. The annual gross compensation ranges from Rs. 8.20 lakhs (minimum) to Rs. 13.08 lakhs (highest). In addition to base pay, SBI Probationary Officers are eligible for Lease Rental/ HRA, DA, Medical, CCA, and other allowances. The fee fluctuates depending on where the job posting is located.

Starting Salary of SBI PO Officers and Increment

In the first year, an SBI PO officer will get a basic pay of Rs 36000. For the first 7 years, the officer will get an increment of Rs. 1490. In the next two years, the officers will draw a salary of Rs. 46430 and get an increment of Rs. 1740. For the next 7 years, the officer will get a salary of Rs. 49910 and get an increment of Rs. 1990. Following this period, the candidates will get a salary of Rs. 63840.

SBI PO Salary Increment

Components Amount
Basic Pay Rs 41,960 (Increment in 4 stages):
1st Increment Rs. 36000-1490/7
2nd Increment Rs. 46430-1740/2
3rd Increment Rs. 49910-1990/7
4th Increment Rs. 63840

SBI PO Allowances

SBI POs are eligible for benefits such as DA, HRA/Lease Rental, CCA, Medical and other allowances and perquisites as per the rules in force from time to time. Location and other factors impact the annual salary amount drawn by an SBI PO officer. Refer to the below table to know the salary, allowances and increments received by an SBI PO officer:

Allowance Amount
Dearness Allowance 26% of the Basic Pay
City Compensatory Allowance 3% – 4% depending on location
House Rent Allowance 7% – 9% depending on the Place of Posting
Furniture Allowance Rs. 1,20,000
Medical Insurance 100% covered for employees | 75% covered for dependent family
Travelling Allowance AC 2-tier fare is reimbursed to the employee for official travels
Petrol Allowance Rs. 1,100 – 1,250
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. Varies based on Cadre

SBI PO Perks

Along with the handsome and lucrative in-hand salary, SBI POs also enjoy the following perks and benefits:

  • Contribution Pension Scheme/New Pension Scheme.
  • Medical Aid for self (100%) and for family (75%).
  • LTC.
  • Home Travel Concession/ Leave Fare Concession.
  • Concessional interest rates for Housing/Car/Personal Loans.

SBI PO Salary Deduction

While knowing the in-hand salary of an SBI Probationary Officer is important for applicants filling out the application form, paying attention to the deduction in the salary is also worth it. After candidates are shortlisted as SBI POs, they will get a monthly in-hand salary; however, some amount from their overall income is deducted.

These deductions could be income tax, professional tax (PT), or others. Take a look to find out more:

Deduction in SBI PO Salary

Particulars Deductions
Provident Fund (PF) Contribution Rs 4,196
Income Tax (IT) Rs 3,290
Contributory Pension Fund Rs 5,274
Professional Tax (PT) Rs 200
Total Deductions Rs 12,960

What Benefits are Provided apart from SBI PO Salary 2022?

Apart from the allowances mentioned above, an SBI PO candidate also gets the following benefits:

  1. Medical Insurance (100 per cent for SBI PO and 75 per cent for family members)
  2. Cashless Treatment in selected medical facilities around the country
  3. Newspaper Allowance
  4. Books and magazines allowance
  5. Petrol allowance
  6. House maintenance allowance
  7. Telephone bill reimbursement
  8. Entertainment allowance
  9. Leave Fare Concession/Home Travel Concession
  10. Concessionary interest rates for House Loan, Car Loan, and Personal Loan

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