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  #1  
June 18th, 2016, 10:46 AM
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PO SBI Salary

I want to do job of Probationary Officer PO in State Bank of India SBI so can you please tell me the salary of PO in the bank?
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  #2  
June 18th, 2016, 10:47 AM
Super Moderator
 
Join Date: Mar 2012
Re: PO SBI Salary

The job of a bank probationary officer (PO) is considered as a lucrative career option and a white collar job.

Bank probationary officer post is the entry level position at which a bank officer starts work after posting.

SBI PO Salary-

The revised salary as on 1st June 2015 will be as per Scale I given below :

Scale I - 23700 - (980 x 7 ) - 30560 - (1145 x 2 ) - 32850 - (1310 x 7) - 42020

Thus, the revised initial / starting Basic Pay of a Bank Probationary officer / PO will be Rs.23,700/- as on 1st June 2015

In addition to Basic Pay, bank officers are eligible for the following allowances :-

(a) Dearness Allowance (DA) : DA in banks is revised on quarterly basis based on the CPI as declared by Government of India.

The new revised current DA (for the month of May 2016, June 2016 and July 2016 is 41.90% of the Basic Pay).

(b) Special Allowance : This has been added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also payable

(c) HRA : This depends on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.

(d) CCA : This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3%(Maximum Rs.600/-) or 0%


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