SBI PO Salary After 5 Years: Pay Scale, Perks & Promotion Details

SBI PO Salary After 5 Years: Here we have updated the details of SBI PO Salary After 5 years!!! Aspirants who are having an aim to get into the SBI as PO must have a look at this article and know the complete details of what they will get after 5 years.

 

As you all know that the State Bank of India has released the recruitment notification to recruit the candidates for Probationary Officer(PO) posts. A total of 2056 vacancies has been announced for SBI PO 2021 Recruitment. Lakhs of candidates aspire for this job because of its lucrative salary structure and job profile. Candidates can check the in-hand salary and SBI PO Salary After 5 Years and other details in this article. Knowing this SBI PO Salary After 5 Years will boost the preparation process that helps you crack the examination with determination. Read this article completely and clarify all your queries regarding the SBI PO Salary 2021 & get to know about SBI PO Salary After 5 Years.

 

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SBI PO Salary 2021:

  • The starting basic pay is 41,960/- (with 4 advance increments) on the scale of 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to Junior Management Grade Scale-I.

The official will also be eligible for D.A, H.R.A/ Lease rental, C.C.A, Medical, and other allowances & perquisites as per rules in force from time to time. The SBI PO Salary After 5 Years details is provided below.

 

Complete Details of SBI PO Salary 2021

SBI PO Salary Structure 2021:

The SBI PO Payscale including perks and benefits is provided here. Check the SBI PO Salary After 5 Years provided below in this article.

SBI PO Salary 2021 Structure:

Particulars SBI PO Salary 2021
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

SBI PO Salary After 5 Years

SBI PO Salary After 5 Years is 41,960 i.e an addition of ₹4900 to your basic pay. The only thing that changes yearly is the increment in the basic pay of your salary. SBI PO Salary After 5 Years will be ₹ 46,860 (Basic Pay).

SBI PO Salary 2021 Deductions:

Particulars Amount
PF Contribution Rs. 4,196/-
Income Tax Rs. 3,290/-
Professional Tax Rs. 200/-
Contributory Pension Fund Rs. 5,274
Total Deductions Rs. 12,960

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SBI PO Salary 2021 Allowances:

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
Medical Insurance 100% covered for employee | 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 Promotion Stages:

The promotion stages of SBI Probationary officers are provided below.

  • Assistant Manager (PO)– scale 1
  • Deputy manager– scale 2
  • Manager– scale 3
  • Chief Manager– scale 4
  • Assistant General Manager– scale 5
  • Deputy General Manager– scale 6
  • General Manager– scale 7
  • Chief General Manager– scale 8
  • Deputy Managing Director– scale 9
  • Managing Director– scale 10
  • Chairman– scale 11

FAQs:

Q. What is the SBI PO 2021 Salary?

SBI PO Salary 2021 starts with basic pay of Rs 41,960 (with four advance increments) on a scale of ₹ 36000 to ₹ 63840.

 

Q. Can I crack SBI PO in the first attempt?

The SBI PO Exam level will be moderate to difficult. With consistent practice and following the proper study plan, candidates can definitely crack the SBI PO 2021 Exam.

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