11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017

In Our Earlier Posts, we have shared all the latest update about bank wage revision 2017. In this post we are going to share WHAT will be the pay scale of SBI PO, IBPS PO after 11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017.

As We all know that the DFO (Department of Financial Services), MOF (Ministry of Finance) has been already communicating regarding 11th bipartite settlement. They have issued a notification to all the banks that are part of the process, advising them to complete the whole process well before the due date i.e. 1st November 2017.

Here we are sharing the complete demands of wage revision in the bank 2017. Continue reading “11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017”

SBI Po Salary After Bank Wage Revision 11th bipartite settlement

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.

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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.