State Bank Of India Po Salary And Perks

Hii sir, I Wants to know About the Salary And Perks of the State Bank of PO Post Will you Please provide It ?

About the State Bank of India

State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

Pay Scale
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 maximum of ₹12.93 lakhs


Allowances

Dearness Allowance (DA)
This allowance is revised on a quarterly basis in the months of February, May, August, and November. It is based on the Consumer Price Index (CPI) as declared by Government of India.

Housing Allowance (HRA)

This compensation includes leased rental accommodation where the employees get housing rent as a part of their package.

Medical Benefits
SBI takes care of the health and well-being of its employees and their families by taking care of the medical expenses of its employees. Medical benefits (100% for the employee and 75% for dependent family members) form a key component of the overall package

Leave Policy
SBI Probationary Officers are provided with attractive leave policies, which includes 33 days of privilege leave and 12 days of casual leave annually along with sick leave and maternity leave.

Monthly Benefits
Apart from SBI PO salary, the officers in SBI are eligible for various perquisites. Newspaper allowance, petrol allowance, entertainment allowance, house maintenance allowance, books and magazine allowance, briefcase allowance, reimbursement of telephone bills

Perks of being an SBI PO
The different perks of being an SBI PO are:
No door-to-door sales.
Stable work environment.
Upward mobility.
Encash privilege leaves.

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Answered By StudyChaCha Member