SBI PO Career Growth and Promotion- In hand Salary

SBI PO Exam is conducted by the Statebank of India every year for the role of a probationary officer. The SBI PO Exam was tentatively scheduled in the month of April and there is change of date due to the existing pandemic. SBI Probationary officer is considered as one of the most premium in the banking sector for its Career growth in terms of designation, salary and other allowances. Candidates who wish to appear for the SBI PO Exam must fill the online application as the first step towards the recruitment process.

There are three stages in the recruitment process:

  • Preliminary Examination
  • Mains Examination
  • Group Discussion / Personal Interview.

Check for SBI PO Notification 2020 here.

SBI PO Job Profile:

  •  SBI PO is subjected to a notice period of 2 years. During this probationary period, they get to know about bank functionings and their responsibilities.
  • Some of the common tasks of Probationary officer are as follows,

 1. Insight into various banking aspects

2. Customer services like account opening, passbook printing etc

3. Supervision of Clerical work

  1. Loan Processing
  • State bank probationary officers are trained practically in various disciplines like finance, accounting, marketing and billing.
  • The Job profile includes managerial tasks such as supervision of the clerk, making important decisions for the growth of the bank and managing cash balance.
  • After the Probationary period, the PO will undergo a screening process and after that he/she will be allotted as Officer Middle management Grade Scale II.

SBI PO Salary Structure:

SBI PO is one among the demanding jobs in India as it is a job with a huge career growth option. Apart from the salary, probationary officers will get allowances and multiple benefits. The basic salary of a SBI PO is Rs 27,620. Lucrative Salary, handsome perks and other allowances makes the tag of a probationary officer a desirable one.

Below table deals with the Detailed SBI PO Salary Structure in India.

SBI PO Salary structure in India
SBI PO Salary in India- Basic Pay Rs 27620/- ( Increment in 4 stages-

1st Increment- Rs. 23700-980/7

2nd Increment-Rs. 30560-1145/2

3rd Increment- Rs. 32850-1310/7

4th Increment- Rs. 42020

Dearness Allowance 46.9% of the basic pay
City Compensatory Allowance(CCA) 3% or 4%(depending on the place of posting)
Leased House Accommodation Minimum- Rs 8000/-(Rural)

Maximum- Rs 29500/-(Urban)

Furniture Allowance Rs 120000/-
Medical Insurance 100% for employees

75% for families

Travelling Allowance Reimbursement for AC-2Tier (Exclusively for official travels)
Petrol Rs 1100-Rs 1300( in case of absence of personal vehicle)
Miscellaneous Rs 4000/-
Total Compensation(Annually) 7.5 lakhs to 12.9 lakhs
Loan Benefits Concession on interest rates

 

SBI PO Career Growth and Promotion:

Aspirants can think of a great future once after getting posted as a probationary officer.  SBI Offers immense growth opportunities and the promotion cycle is fast and because of the following reasons it is one of the most sought posts.

Promotion in SBI PO are as follows:

  • Probationary Officer (Assistant Manager, JMGS – I)
  • Deputy Manager (MMGS)
  • Manager (MMGS)
  • Chief Manager (MMGS)
  • Assistant General Manager (SMGS)
  • Deputy General Manager (TEGS)
  • Chief General Manager (TEGS)
  • General Manager (TEGS)

Brilliant and exceptionally hard working officers will reach the top management in a very short course of time. Based on performance SBI officers get foreign postings.

SBI PO gets permanent PO position after two years. During the SBI PO tenure which lasts for 6-7 years the PO can work with the different departments closely. A SBI PO will have direct interaction with the public for various bank needs. With the hard work, the employee can reach heights quickly.

SBI PO Career Growth Options:

  • SBI has a career development system which tracks the performance of employees and is dedicated to their career development goals. This transparent system will be useful while evaluating the performers which helps in growth of performers.
  • The top performing candidates will get opportunities for attending special training programs in premiere institutions like Stanford,Harvard etc which helps in boosting their leadership skills.
  • There are a huge number of vacancies in all grades of promotional level as it is the largest bank in the Country. So growth will be faster in State Bank when compared to other banks.
  • The well deserving employees get a chance for posting and can explore global banking.

Frequently Asked Questions:

Q. What is the Basic salary of a SBI PO?

A. The Basic salary of a SBI PO is Rs 27,620. And there will be increment in 4 Stages

1st Increment- Rs. 23700-980/7

2nd Increment-Rs. 30560-1145/2

3rd Increment- Rs. 32850-1310/7

4th Increment- Rs. 42020

Q. What are the allowances apart from SBI PO Salary?

A. A SBI PO get the following allowances apart from salary

 House Rent Allowance

Medical Allowance

Travel Allowance

Furniture Allowance

Loan Benefits

Dearness Allowance

Q. Will there any possibilities for a SBI PO to explore globally?

A. The employees based on their performance will get opportunities to explore globally

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