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SBI PO Salary 2018 in Hand Pay Slip Structure & Allowance

SBI PO Salary 2018

SBI PO Salary 2018 release in Hand Pay Slip with salary Structure & other allowance here we provide a good news for all those applicants who want to know the SBI PO salary structure with incentives. As we all know salary is the main and important part of every job on the basis of salary everyone survives in life and without salary nobody wants to job either job are big scales or small type. Now here we discuss about the salary of State bank of India. At presently, the starting basic pay is Rs. 27,620/- (with 4 advance increments) and other allowances & perquisites as per rules in force from time to time. SBI PO gets more Dearness Allowance and other allowance which are based on Basic pay. SBI gives Rs. 2400 more in basic pay. As other banks give Rs. 14500 as basic pay it means a big difference in pay of scale between other bank and SBI.

SBI PO Salary 2018

SBI PO Pay Slip Structure & Allowance

When a candidate is selected as SBI PO Recruitment 2018, probationary officer in SBI they get a good and attractive salary package with grant and incentive which provide lots of benefit and make their future. This salary assembly change time to time according to the main organization.  SBI plans to offer, subject to necessary approvals, a KEEN Reward Suite which would permit candidates a choice near monetize careful basics of the salary package. Applicants will get good package according to cities if they situation in the Metro cities will get higher salary as compared to other cities.

Brief Information:

Name of organization: state bank of India

Name of posts: PO

Category: salary package

SBI PO Pay Scale Cash in Hand Stipends Total Remunerations

The division of scheduled reimbursement is as underneath:

  • Cash Component : 36,046/-
  • Bank’s contribution to PF : 1,690/-
  • Housing (Lease Rental) : 29,500/-
  • Perquisites (Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. 4,130/-

In addition, the officers are also authorized to extra doles comparable
(i) Medical Aid for self (100%) and for family (75%)
(ii) Home Travel Concession/Leave Fare Concession
(iii) Concessional Interest Rates for Housing/Car/Personal Loans.

SBI PO Salary at Metropolitans towns
  • If applicants posting in Mumbai then they will be approximately Rs 72000-100000 depending on place of posting inclusive of all benefits.
  • The SBI bank PO are required to make 10% of their basic pay as contribution to PF and 10% of Basic Pay and D.A. towards pension scheme and Bank also makes matching contribution.
  • The salary alteration between SBI and other PS Banks is that of 4 increments
  • The difference becomes bigger as DA is payable on this basic pay.
  • This also works out to be about Rs 2000/-.   Thus, starting salary in SBI is about Rs 4400/- more than other PS Banks.
  • Other advantage includes Concessional Interest Rates for Housing/Car/Personal Loans, Medical Aid for self (100%) and for family (75%), Home Travel Concession/Leave Fare Concession.

Important Links

SBI 2018 Notification Click Here
Download SBI PO Exam Centres Click Here
Check SBI PO/SO/Clerk Eligibility Criteria Click Here
SBI PO Cut Off Click Here
Official website

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