SBI PO Salary 2018 After 7th Pay Commission a Detailed Information

SBI PO Salary 2018: State Bank of India (SBI) is a government owned organization. Every year this bank conducts annual recruitment exercise to hire most apt candidates for the Probationary Officer (PO) posts that are vacant in its various branches across India. More than thousands of male and female graduates used to compete for this job and finally meritorious candidates in recruitment process will get the opportunity to serve in PO positions. Now also the recruitment process for Probationary Officer (PO) posts is ongoing in this bank. Do you want to know about the present salary package of a Probationary Officer in SBI? Then we are here to help you people. Yes, go through the following information to know about SBI PO Salary 2018.

SBI PO Salary 2018 – Highlights
Exam Name SBI PO Exam 2018
Exam Type Written Exam
Information SBI PO Salary 2018
Pay Scale Rs.23700 to 42020/-
Exam Date July 2018
Exam Category Prelims & Mains
Authority State Bank of India (SBI)
Official Site

SBI PO Salary 2018

Usually by conducting two phases of online examination and interview, SBI will hire suitable aspirants for the Probationary Officer posts on merit basis. Individuals thus appointed in State Bank of India will be placed under probation for a period of 2 years. Candidates will be given intensive training during this 2 years period.

At the end of probation period, competent authorities of bank will do screening. This screening is to place apt candidates in Junior Management and Middle Management Scales of the Officer posts i.e. aspirants who are meeting the predetermined standards fixed by bank within this timespan will be appointed in middle management scale-II grade and individuals whose performance is less than the predetermined standards fixed for middle management level will be confirmed in junior management grade scale-I Officer position.

If aspirants had failed to meet the junior management scale standards means next there is no option for them. Immediately they will be terminated from the Officer posts.

Stage Position
During Probation Probationary Officer
After Probation Officer Junior Management Grade Scale-I/ Officer Middle Management Grade Scale-II

The basic pay applicable for an Officer when placed under Junior Management Grade Scale-I position in SBI is,

Jr. Management Scale Officer – Rs.23700 to 42020/-

Based on Union and Indian Bank Association’s decision, most probably from November 2018 onwards or before that the salary of bank employees are going to increase by 15%. As SBI is working under control of government the salary package of PO may also vary after November.

Promotional Benefits: In SBI, there are immense opportunities for career growth. Brilliant Officers whose performance is outstanding will get an opportunity to work in Top Management Grade Officer posts in a reasonably quick time. Sometimes postings may also be done outside India i.e. in abroad.

  • Probationary Officer -> Assistant Manager (within 3 years)

Other Allowances and Perks of SBI PO

Apart from salary in hand, aspirants hired as a Probationary Officer in SBI will also get the following allowances and perquisites as per bank norms from time to time.

  • Dearness Allowance
  • House Rent Allowance/ Lease Rental
  • City Compensatory Allowance
  • Medical Allowances
  • Increment in pay
  • Leave, etc.

Total Compensation of SBI PO

While adding the salary and allowances applicable for a Probationary Officer in State Bank of India, most probably the annual income of a candidate will be in the following range. Depending upon place of posting and some other factors it varies.

CTC = Rs.7.93 to 12.95/- lakhs per annum

Roles and Responsibilities of a PO in SBI

To get acquainted with various working procedures of the bank, you will be imparted with training in almost all kind of bank related activity. Accounting, marketing and billing works will be mostly handled by a PO in SBI. Some of the notable duties are,

  • Supervision of Clerical work
  • Managing cash balance
  • Bringing new business
  • Taking decisions for the benefit of bank
  • Handling customer complaints of demand drafts, cheque books, ATM cards, etc.
Reference link
Official Site Click here

Aspirants might have got lot of information from above section regarding SBI PO Salary Package of the year 2018. To know more keep in touch with our website.

Updated: 2018-04-23 — 12:54 pm

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