I want to know the scope of Probationary Officer (P.O) in State Bank of India (SBI) so will you please tell me?

The post of SBI PO is considered to be prestigious among bank. There are a lot of opportunities which are available for any Probationary Officer in SBI. An SBI PO can reach to great heights in his or her career

SBI PO career path is still one of the fastest if you compare it with other government jobs. Apart from the very fast promotion channels, there are rewards, recognition and attractive postings for performers.

Anybody who join bank as a Probationary Officer normally gets very fast promotion.

SBI is a very well defined system for promotions for SBI PO and their career growth is in place.

The promotion channel is as under:

Probationary Officer (Assistant Manager, JMGS I)
Deputy Manager (MMGS II)
Manager (MMGS III)
Chief Manager (SMGS IV)
AGM (SMGS V)
DGM ( TEGS VI)
GM (TEGS VII)

Normally in SBI there are promotions in every 3-4 years and a SBI Probationary Officer can reach to a very high level (even Chairman of the bank) in course of his or her career.

Salary of an SBI Probationary Officer-

The revised /initial starting basic pay is Rs.23700/- (four additional increments will also apply) in the pay scale of 23700-980/7-30560-1145/2-32850-1310/7-42020 (revised as on 1st June 2015) applicable to Junior Management Grade Scale – I.

Basic Pay: Rs. 27620.00

Dearness Allowance (DA): Revised DA for the quarter 2015-2016 is 39.80% of the Basic Pay. In Banks, DA is revised quarterly and is based on the CPI data as revealed by Government of India.

CCA: This is paid @ 4%, 3% or 0% depending on the place of posting.

Special Allowance: For officers it is paid @ rate of 7.75%

Apart from this, here are a few additional perks

Leased accommodation range from Rs8,000/- in ‘C’ category Centers to Rs 29,500/- in Mumbai Centre.

Home Travel Concession/ Leave Fare Concession.

Medical Aid for self (100%) and for family (75%).

An SBI PO can easily earn anywhere between 8 to 12 Lakhs in an year.