As after SBI Po 2017 notifications, a lot of members were asking about current sbi po salary structure and what will be the salary of po after 11th bipartite settlement. SBI has four advance increment at the time of joining only. it has also a lot of other reimbursements like entertainment expenses, medical expenses, cleaning material, petrol expenses, newspaper expenses and lots of other reimbursements also.
SBI PO Salary Structure
Current Starting Basic Pay: ₹ 27,620/– (with 4 advance increments)
Pay Scale: 23700-980/7-30560-1145/2-32850-1310/7-42020
Grade: Junior Management Grade Scale-I
Total Compensation: Total compensation per annum would be a minimum of ₹7.55 lakhs and the maximum of ₹12.93 lakhs depending on the place of posting and other factors. This means that an entry level SBI Probationary Officer in a city like Mumbai could earn over ₹1 lakh a month.
SBI PO Salary Allowances
SBI PO’s are eligible for reimbursement of various perquisites, PF, Gratuity, Pension under New Pension Scheme (Defined Contribution Benefit Scheme), Medical, Leave fare and other facilities, as per the instructions of the Bank issued from time to time.
So SBI spends about 65k- 100k on its PO right at the time of joining. Besides this, you can avail 1.2lac worth of furniture, all your medical bill reimbursements and 12k every year as entertainment allowance. So overall SBI PO Salary Structure lies between 7.55 – 12.93 Lakhs.