Post Information
The SBI PO Salary 2024 stands out as one of the most attractive pay scales in the banking sector, drawing attention from a number of aspiring candidates. First and foremost, the basic pay for a Probationary Officer (PO) starts at Rs. 41,960/- per month. However, this figure does not tell the entire story. In addition to the basic salary, SBI POs receive various allowances that significantly boost their overall earnings. For instance, the total gross salary, which includes several components, can reach up to Rs. 65,780/-. Consequently, after deductions, the net salary typically amounts to around Rs. 52,820/- for newly recruited officers. Thus, the SBI PO Salary 2024 offers not just financial stability, but also an opportunity for professional growth and development within one of India’s largest banks. Check Out the Official Website of SBI.
SBI PO Salary 2024
Component | Amount |
Basic Pay | Rs. 41,960 |
Special Allowance | Rs. 6,881 |
Dearness Allowance (DA) | Rs. 12,701 |
Location Allowance | Rs. 700 |
Learning Allowance | Rs. 6 |
Gross Salary | Rs. 65,780 |
Deductions | Rs. 12,960 |
Net Salary | Rs. 52,820 |
SBI PO Salary including Additional Benefits & Allowances
Allowance | Amount |
Dearness Allowance | 46.9% of Basic Pay |
Medical Insurance | 100% for employees, 75% for families |
House Rent Allowance (HRA) | 7% – 9% depending on location |
Travel Allowance | AC 2-tier fare for official travels |
Petrol Allowance | Rs. 1,100 – Rs. 1,250 |
Miscellaneous | Rs. 4,000/- |
SBI PO Salary 2024
Particulars | Amount |
PF Contribution | Rs. 4,196 |
Income Tax | Rs. 3,290 |
Professional Tax | Rs. 200 |
Contributory Pension Fund | Rs. 5,274 |
Total Deductions | Rs. 12,960 |
Career Growth Opportunities
1.Assistant Manager
2.Deputy Manager
3.Manager
4.Chief Manager
5.Assistant General Manager
6.Deputy General Manager
7.General Manager
8.Chief General Manager
9.Deputy Managing Director
10.Managing Director
11.Chairman
Should You consider SBI PO as a Good Career Choice
In My Understanding, the SBI PO Salary not only provides financial stability but also opens doors to various career advancement opportunities. The combination of a competitive salary, comprehensive benefits, and job security makes this position one of the most desirable in the banking sector. If you are seeking a stable and rewarding career, the SBI PO role might be the perfect fit for you. For further insights into the SBI PO Salary 2024 and related topics, keep following our blog.
