SBI PO Salary 2018

May 4, 2018 4758 anangsha

SBI PO Salary 2018SBI PO Salary 2018: State Bank of India (SBI) has released notification for recruitment to 2000 vacancies (excluding 118 for PWD and 38 backlog vacancies) of Probationary Officers. The official notification for SBI PO 2018 recruitment has been released on April 21. The last date to fill SBI PO application form is May 13. Candidates who qualify the recruitment process will be eligible to receive SBI PO salary starting at basic pay of Rs. 27,620. The pay scale of SBI PO 2018 salary for Junior Management Grade Scale-I is 23700-980/7-30560-1145/2-32850-1310/7-42020. SBI PO is the most sought after bank job in the country due to its good renumeration and employee benefits. Apart from this, the qualified candidates will get 4 advance increments which is added to the basic. This article has explained in details the SBI PO salary. Candidates under SBI PO 2018 recruitment process will be selected on the basis of preliminary exam, mains exam and group exercises & interview. The candidates selected for allotment as Probationary Officers (PO) will be on two years probation period. Candidates can check below for more details on the SBI PO salary 2018.

Latest: SBI PO Application form 2018  - Check Here

SBI PO Salary 2018 – Pay Scale

  • Starting basic pay is Rs. 27,620/- (with 4 advance increments) in the scale of Rs.23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I.
  • The candidates will 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 total compensation per annum on CTC basis would be a minimum of Rs. 8.20 lacs and maximum of Rs 13.08 lacs depending on the place of posting and other factors.

SBI PO Salary 2018 – Earnings

  • Basic Salary = Rs. 27620
  • Dearness Allowance = Rs. 12677
  • City Compensatory Allowance (CCA) = Rs. 870
  • Special Allowance = Rs. 2140
  • Total Earning Before Deductions = Rs. 43307

SBI PO Salary 2018 – Deductions

  • PF (10% of Basic) = Rs. 2,762
  • NPS (10% of Basic+DA) = Rs. 4,000
  • Income Tax = As per govt norms
  • Other allowances including Newspapers, Entertainment allowance, Conveyance, etc = Rs. 4,130
  • HRA = Rs. 2,486

SBI PO Salary 2018 – Benefits

The candidates apart from the renumeration are also entitled to the following benefits:

  • Leased accommodation ranging from Rs 8,000 in ‘C’ Category centres to Rs 29,500 in Metros
  • Medical insurance for self is 100% and for family is 75%
  • Home Travel Concession/ Leave Fare Concession
  • Concessional interest rates for Housing/Car/Personal Loans

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