SBI PO Allowances
The SBI PO Salary is combination of a basic salary and specific allowances that makes the employee’s net income. These allowances are given from government to each employee as a part of the salary renumeration. Alowances include like dearness allowance, rent allowance, furniture allowance and others. Depnding upon the rank of the employee within the bank these allowances also increases with time that affects the net salary. the following are the details of the subsidies that come with the SBI PO Salary.
SBI PO Year Wise Increments |
|
---|---|
Allowance |
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 |
Travelling Allowance |
AC 2-tier fare is reimbursed to the employee for official travels |
Medical Insurance |
100% covered for employee | 75% covered for dependent family |
Petrol Allowance |
Rs. 1,100 – 1,250 |
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. |
Varies based on Cadre |
SBI PO Salary 2024: In Hand Salary, Job Profile and Perks
SBI PO Salary 2024: SBI PO in hand salary ranges between INR 52,000 to 55,000 per month with the basic pay of INR 41,960. SBI PO will get a basic salary of INR 36000 with an increment of INR 1490 for the next 7 years, followed by a basic of INR 46430 with an annual increment of INR 1740 for the next two years, and so on.
This is the main reason that, every year year lakhs of candidates appear for the bank po exam to get a job in one of the most prestigious banks of India. The full form of SBI PO is Probationary Officer. Let’s know about SBI PO In hand salary, salary structure, and the salary slip of SBI PO.