SBI PO Salary: Structure, Benefits & Deductions

sbi po salary


The central government and the most respectable nationalized banks are the employers of candidates selected as SBI POs (Probationary Officers). Only constant devotion and persistence on the part of the candidate will allow this to be done. Candidates are appointed as SBI probationary officers if they pass all three testing rounds (interview, mains, and preliminary). In addition to the candidates who hope to work for the bank, those who are selected to be SBI POs have a lot of work ahead of them.

You will have various duties to perform in your role as an SBI probationary officer. Your overall awareness of general banking, marketing tactics, customer service, and regulatory compliance are the main goals of SBI’s probationary phase. The SBI PO job profile’s tasks have been divided into the following categories: cash operations, marketing & business lead generation, customer services, authorizing operations, report filling, and daily communication.

In this, we are going to provide detailed information on SBI Po’s salary and its benefits.

Overview of SBI PO Position

Knowing the duties and responsibilities of SBI PO will give you an advantage over other applicants in the interview and help you comprehend the nature of the work you’ll be doing! 

After making it through the screening process, the candidates would spend two years on probation and intense training. One is frequently trained and transferred over this time.

Probation Period

To familiarize them with the operations of the bank, the candidates will participate in various bank-related activities during their probation. There will be training provided to the candidates in multiple departments, including Marketing, Billing, Finance, Accounting & Investment to assist them in learning useful information.

Probationary officers are also responsible for answering and managing consumer inquiries, investigating grievances about bank services, issuing ATM cards, demand drafts, checkbooks, and correcting incorrect charges and account inconsistencies.

In addition, the POs have some managerial responsibilities, like overseeing bank clerks’ work, checking paperwork, keeping track of cash balances, and monitoring recent changes within the bank.

More duties, including budgeting, loan processing, loan approvals, marketing, and planning and managing investments, are assigned to POs after they have gained enough training and expertise.

Post-Probation Period

After completing their probationary period, the candidates are put through a screening process, following which they are assigned to a branch and named “Assistant Bank Manager.” Managing routine client activities including cash management, draft issuance, and check passing falls within the purview of the applicants for assistant bank managers. Compared to their counterparts at other banks, probationary officers at SBI are faced with greater challenges, larger duties, and chances for advancement. 

SBI PO Salary Structure

An SBI probationary officer’s base pay begins at Rs. 41,960 and includes four advance increments. The amended Bipartite Settlement states that a probationary officer can expect to make between Rs. 36,000 and Rs. 63,840 per year. For the next seven years, the PO will receive a base salary of Rs. 36,090 with an annual increase of Rs. 1,490. After that, the PO will receive a base salary of Rs. 46,430 with an annual increase of Rs. 1,740 for the next two years, and so on. The highest base pay of Rs. 63,840 will be offered. An overview of the SBI Probationary Officer wage growth over time is shown here.

Salary Structure 

As the wage structure below has been created using the amended SBI PO wage, candidates interested in the SBI Probationary Officer position should be informed of the increased SBI PO Salary.

Salary Structure of SBI PO
Basic PayRs. 41,960
Special AllowanceRs. 6,881
DARs. 12,701
Location AllowanceRs. 700
Learning AllowanceRs. 600
HRARs. 2,937
Gross SalaryRs. 65,780
Deduction (PF/Income tax/Professional tax/Pension)Rs. 12,960
Net SalaryRs. 52,820

Perks and Benefits

The SBI PO Perks & Benefits are a five-in-one monthly reimbursement that includes allowances for housekeeping, gasoline, newspapers, mobile phone bills, and cleaning supplies. The total monthly refund is 10,000. If you clear the JAIIB and CAIIB exams, you will also receive one one-year raise for each certification.

Other benefits include the Hill allowance, special benefits, and benefits specific to sensitive positions, which vary depending on your work profile and region.

Furthermore, you can choose to cash out your earned leave per year for up to five leaves total, or roughly 10,000 Rs.

Besides this, they receive allowances for newspapers, books, and magazines, gas, housekeeping, reimbursement for phone bills, entertainment, loans with lower interest rates for personal, vehicle, and home loans, and other benefits.

In-Hand Salary

For an SBI PO, the base pay is Rs. 41,960, and the initial in-hand salary is between Rs. 52,000 and Rs. 55,000 per month. A minimum of Rs. 8.20 lakhs and a maximum of Rs. 13.08 lakhs are received as total gross remuneration yearly.

Probationary officers at SBI are entitled to additional benefits as well as their base pay, including medical reimbursement, city compensatory allowance (CCA), dearness allowance (DA) lease rental/house rent allowance (HRA), and others. Where the job posting is posted affects how much these allowances are worth. Candidates find the SBI PO position appealing overall because of the benefits and in-hand pay.

Career Growth and Promotion

Among the most prominent banking positions is the SBI PO position. Strong work cultures at the Bank enable committed staff members to advance their careers by giving them lots of chances to do so.

The SBI has a well-defined framework for staff growth and promotions, and it administers promotion exams every year. Compared to POs of other banks, SBI POs are eligible for promotions and can advance significantly more quickly.

Each year, SBI conducts an impartial and open appraisal process. Due to the large number of openings in all grades of their promotion channels, committed and diligent workers can move up the hierarchy quite quickly. Additionally, the workers are given the chance to work remotely.

  • Chief Manager
  • Assistant General Manager
  • Deputy Manager
  • Manager
  • Assistant Manager
  • Chief General Manager
  • Deputy Managing Director
  • Managing Director
  • Chairman
  • Deputy General Manager
  • General Manager

Work-Life Balance and Job Security

Being an SBI PO offers stability, employment and wage security, and annual pay raises, making it a lucrative career. Meanwhile, the candidate must meet a variety of requirements set by SBI PO. Continue reading to discover the specific duties performed by an SBI PO.

  1.  Wide range of work: An SBI PO covers a wide range of work. They must ensure the seamless operation of the branch because they have received training to oversee an entire bank branch.
  2. Workload: An SBI PO has a respectable amount of work, but at the conclusion and start of the financial year, it can be extremely demanding. There is very little balance between work and life at this point.
  3. Work of a Qualitative Nature: An SBI PO’s responsibilities encompass a variety of tasks, the majority of which involve comprehensive analysis. SBI POs must possess extreme focus and accuracy in all that they do as bank officers. For people who are not accustomed to working with data and figures, this activity might therefore become tiresome.

Comparison with Other Banks

Pay and Benefits for SBI PO Personnel

Following the tenth bipartite settlement, the banking industry agreed that the probationary officer compensation had increased quickly. A staggering Rs. 8 lakh was paid to SBI POs annually as a result. A PO at another public sector bank would make between 5 and 5.5 lakhs a year when they join the bank.

Despite the PO position’s relatively low base pay, the benefits and emoluments that come with it make it quite appealing. All bonuses and perks provided by the bank to the officers during a specific month are taken into consideration when calculating the compensation and cost to the corporation. The total of the dearness allowance and base pay for each SBI PO stationed in a metro area is Rs. 30,462/-. A monthly contribution of Rs. 4,673 is made by the PF and pension system.

An additional Rs. The 4,130/-per month is spent on perks like entertainment, transportation, medical, leave, and canteen expenses. A staggering Rs. 29,500/-per month in housing leasing rental is provided to candidates posted in metro areas, bringing their monthly compensation to almost Rs. 69,000. The monthly compensation for other public sector banks is between forty and forty-three thousand rupees.

Pay and Benefits for ICICI PO

Many aspirants hope to pursue careers with ICICI, which is currently the top-ranked private bank in the nation. To build a solid CV and get knowledge of the intricacies of private sector banking from the top professionals in the field, they hope to work at the bank.

Compared to public sector banks like SBI, the ICICI Bank’s salary structure is significantly lower. Probationary officer and entry-level clerk pay are practically half of what candidates in public sector banks like SBI are offered for the same position. However, compared to public sector banks, the higher authorities of private banks such as ICICI and Axis receive far larger salaries.

At the time of hiring, an ICICI bank candidate’s probationary officer salary, inclusive of all benefits and pay perks, was Rs. 34561/-per month. The yearly compensation is a little over 4 lakh rupees, which is nearly half of what SBI offered for the PO position the previous year. 

Challenges and Rewards

1 Regular Transfers

The overwhelming quantity of branches of SBI PO is one of the main drawbacks. An obligatory transfer occurs every three months. Posting in Remote Locations: Due to increased rural penetration, there are greater chances for posting in remote locations. A work-life imbalance: SBI employees face a lot of job pressure. Keeping a work-life balance becomes quite difficult because of the lengthy working hours.

2 Financial Risk

As they say, the most valuable lessons come from mistakes you make, whether intentional or inadvertent. But what about the costly lessons you acquire from human error? And what about those lessons where you accidentally punch in an additional zero during a financial transaction and have to pay for it out of pocket?

Not only can operational hazards result from human error, but they can also be caused by software, hardware, or IT malfunctions. A banking career should be prepared for such unwarranted risks due to the lack of support from the officers’ union.

3 Salary Limitations

Though bank employees are generally thought to be well compensated, it is important to realize that their pay is significantly less than that of a central government employee, who additionally benefits from five days a week, fixed working hours, and little to no customer interaction in addition to zero financial targets and, of course, financial risks.


  1. Promotions.
  2. Greater pay than banks in the public sector.
  3. Foreign posting.
  4. Numerous extra benefits, such as the allowance for newspapers, books, and magazines, the provision for gas, the allowance for house upkeep, etc.


SBI probationary officers receive a competitive compensation package, a host of perks, and professional advancement opportunities in addition to job stability. This is a very profitable job option because of the components of the income structure, which include basic pay, DA, HRA, special allowance, and CCA. SBI POs also had higher levels of job satisfaction and general quality of life thanks to the different benefits, leaves, and insurance. 

Thus, although extremely demanding, the work of an SBI PO is also highly gratifying. Nevertheless, a few deserving  applicants who are up to the task are chosen annually. To properly prepare for the test, make sure you read everything there is to know about SBI PO.

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