SBI Salary

HOW TO PREPARE FOR SBI PO ?
SBI Salary

Today we are going to discuss about the salary in SBI for various post. The State Bank of India is the India’s top Public sector Bank and job in SBI for a candidates is the most prestigious one. There are lot of benefits that an employees get apart from there salary that makes this job well known among candidates. Every year lakhs of candidates appear for the exams but several get selected. SBI recruits candidates for various post but here we will talk about SBI Income of an Clerk, PO (Probationary Officer) and SCO/SO(Specialist Cadre Officer). There are lot of benefits while working in India’s largest bank as most important one is the job of candidate is secure.

SBI Clerk Salary in India

There are lot of candidates who apply for SBI Clerk post as it is entry level position and the qualification is 12 pass for the aspirants who are willing to work in Banking sector.

Currently the salary in the hand of SBI clerk after all the deduction lies in the range of Rs. 20,000/- to Rs. 23,000/-. The structure of the salary of SBI Clerk is given below in more detail –

SBI Clerk salary pay scale11,765-655/3 -13,730-815/3 -16,175-980/4 -20,095-1,145/7 -28,110- 2,120/1 -30,230-1,310/1 -31,450.
Clerk Starting PayRs. 11,765/-, Including annual increment of Rs. 655/-
An employee in a metropolitan city like MumbaiRs. 25,000/- including various allowances at the current rate. The allowances may vary according to the city of posting
3 years of completionHe will get Rs. 13,730/- including a yearly increase of Rs. 815/-.
Then the salary will become Rs. 16,175/-, with a yearly increase of Rs. 980/-.
4 years of completionHe will get the salary will be Rs. 20,095/-.
After 7 years of completionClerk’s Salary will be Rs. 28,810/-
After one more YearIt will be at Rs. 30,230/- & again,
After one year, the Clerk’s Salary will be Rs. 31,540/-
Which will be the maximum SBI Clerk Salary.

PO Salary in SBI

The starting basic pay for SBI PO salary is Rs. 27,620/- (with 4 advance increments). The pay scale is Rs. 23,700-980/7- 30,560-1,145/2-32,850-1,310/7-42,020. We all know State Bank of India for paying highest salary to there employees among other PSUs Bank in India. The salary of SBI PO is the most attractive one among the other two and there is lot of scope also. The below table will give you more detailed view on SBI PO Salary –

SBI PO Salary Salary
SBI PO Salary in India- Basic PayRs 27620/ ( Increment in 4 stages)1st Increment – Rs. 23700-980/72nd Increment – Rs. 30560-1145/23rd Increment – Rs. 32850-1310/74th Increment – Rs. 42020

Below table will show you some of the benefits that SBI Probationary Officer enjoys –

BASIS OF SALARYSALARY
Dearness Allowance (DA)46 percent of the basic pay
Furniture AllowanceRs 1,20,000 
Leased House Accommodation / House Rent Allowance (HRA)Rs 8000 (in rural areas) to Rs 29,500 (in Mumbai).
City Compensatory Allowance (CCA)3 to 4 percent of the basics
Travel Allowance (TA)reimbursement of travel cost for official travels

SO Salary in SBI

Do you know the full form of SO/SCO ? The full form of SO is Specialist Officer / SCO is Specialist Cadre Officer. This post also offers employees with attractive salary as well as lot of benefits and promising career also. SBI SO salary is attractive and they also get promoted fastly. The basic pay of SBI SO Junior Management (grade 1) is Rs 23,700 as it is mentioned in more detail in below table –

SBI SO GradeSSBI SO Pay Scale
Junior Management Grade Scale I (JMGS I)23700-980/7-30560-1145/2-32850-1310/7-42020
Middle Management Grade Scale II (MMGS II)31705-1145/1-32850-1310/10-45950
Middle Management Grade Scale III (MMGS III)42020-1310/5-48570-1460/2-51490
Senior Management Grade Scale IV (SMGS-IV)50030-1460/4-55870-1650/2-59170

Allowances of SBI Employees

Apart from the impressive Income of SBI, they are also entitle to get lots of additional allowances as well as benefits perks. Below we have mentioned the allowances and perks enjoyed by the SBI SO, PO and SBI Clerk –

  1. Dearness Allowance
  2. House Rent Allowance
  3. City Compensatory Allowance
  4. Provident Fund
  5. Pension Fund
  6. Medical Reimbursement
  7. Furniture Allowance
Brief Description about SBI Salary

Any job in banking sector is seen as the most proudable and safest among candidates and that to in SBI is fabulous. Lakhs of candidates every year appear for Banking exams and SBI is one of that officer rank post. The SBI employee gets the attractive earning with lot of allowances and benefits that makes it perfect for anyone. Here in this post we have discuss the detailed information about SBI salary, allowances, benefits and perks. If there is any question coming in your mind you can ask in our comment section mentioned below. Stay tuned with us for more detailed Info.

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