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SBI PO Salary 2018 - Detailed Salary Structure After 7th Pay

Salary Structure, Allowances details and other Perks and Prerequisites – SBI PO Salary 2018

SBI PO Salary 2018

SBI PO Salary 2018 can be checked down the post. State Bank of India is going to announce the recruitment of  Bank PO for approximately 3000 posts this year. Aspirants are eager to know more about salary and other benefits of joining SBI as a Bank PO. State Bank of India pays a basic sum of Rs. 27620/- along with various other allowances and perks. DA, CCA, HRA, Furniture, Medical, Travelling and Petrol are the various allowances offered to a SBI PO. The Gross salary of SBI PO ranges from 7.55 lakhs to 12.93 lakhs, depending on the place and other factors. well, the salary offered to PO by State Bank of India is off-course a bit tempting but it take effort worth miles to clear SBI PO Examination. 

Below are the Salary Structure, Allowances details and other Perks and Prerequisites;

SBI PO Salary Structure and Allowances 2018 : SBI PO Salary 2018

BI PO Basic Pay Rs. 27620/- (4 Increments also applicable)
Dearness Allowance (DA)  46.9% of the Basic Pay (Revised Quarterly)
(CCA) This varies with the place of posting at 4% or 3%.
HRA 9%, 8% or 7% (Depends on the place of posting)
Furniture Allowance Rs. 120000/-
Medical Insurance 100% medical coverage for SBI employees and 75% for their family members
Travelling Allowance For official travels, reimbursement of AC 2-tier fare is provided
Petrol Approx. Rs. 1100-1250
SBI PO Gross Salary with HRA Total Compensation: 7.55 lakhs and maximum of 12.93 lakhs depending on the place of posting and other factors.

Dearness Allowance (DA):

Dearness allowance is modified every Quarterly basis in the month of February, May, August and November on the basis of Consumer Price Index (CPI) as announced by the Government of India. DA increases with the increase in inflation and vice-versa.

Housing Allowance:

The remuneration covers rental settlement as well. A SBI PO gets the house rent allowance as part of the salary package.

Travel Allowance:

POs also get time off to travel and the allowances for the same is looked after by the State Bank of India. Occasional Home and Work visit is taken care by SBI.

Medical Benefits:

Bank certainly take interest in the well being of POs and their family members. SBI provides 100% medical benefits to the employees and 75% benefits to their family members. The bank also have several tie-ups with various Medical offices and Hospitals across the country and the individuals working as SBI PO can certainly take advantage of the cashless treatment at all those medical Institutions.

Leave Policy:

SBI Probationary officers are given 33 days of benefits leave and 12 days of easygoing leave every year along with Sick leave and Maternity leaves. All the Women and single Men are eligible to take a holiday of upto 2 years.

Other Perks and Prerequisites : SBI PO Salary 2018

Monthly benefits:

Apart from the regular pay structure, SBI PO also eligible for various perks and prerequisites. The bank offers Daily paper stipend and other allowances like petrol, entertainment, house upkeep, books and magazine remittance, portfolio recompense, repayment of phone bills are a portion of the prerequisites to the employees.

Miscellaneous benefits:

The SBI Bank POs would also get the benefits of  Housing Loans, Car Loan, and Personal Loans at a concessionary rate of premium. In addition to this, the Bank also awards scholarship to the meritorious children of all the workers. Pension is another blessing that comes in handy post retirement for the Employees who joined prior to 2010

Smart Compensation Package:

SBI also offers smart compensation package which provides feasibility to workers to adopt Particular components of the SBI PO overall salary.