The latest revision of salary of State Bank of India SBI Probationary officers PO has taken place wef 1st November, 2012 (The final agreement has been signed only on 25th May, 2015).

The revised salary as per Scale I -

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/-

In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) are eligible for the following allowances :-

Dearness Allowance (DA) : DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) 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)

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

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.

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

Newly Appointed Bank PO - Initial Salary / Starting Revised Pay On Joining [as on 1st May, 2016 ]

Major A Class Cities* Area - I* Other Areas

Basic Pay 23700 23700 23700
Special Allowance 1836.75 1836.75 1836.75
DA 10,699.90 10,699.90 10,699.90
CCA 870 600
Transport Allowance 0 0 0
Total (without HRA) 37,106.65 36,836.65 36,236.65
HRA 2133 1896 1659
Gross with HRA 39,239.65 38,732.65 37,895.65