- The salary in SBI is as per the provisions of 11th Bipartite Settlement.
- The SBI PO's basic salary is around - Rs. 27,620.
- The SBI Clerk's basic pay is around Rs 26000.
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Table of Contents
- SBI Salary Structure 2022
- SBI Salary: Probationary Officers
- SBI Salary: Clerical Posts
- SBI Salary: CBO
- SBI Salary: Apprentice
SBI Salary Structure 2022
The salary structure for various posts is as per the 11 th Biparte Settlement and is generally one the best in Class. The SBI offers one of the most competitive salaries and the best work environment. The lucrative salaries that SBI offeres attracts lakhs of candidates to these posts. Let's have a look at the detailed salary and job prospects that SBI has to offer. The various posts covered here are as follows:
- SBI PO
- SBI Clerk
- SBI CBO
- SBI Apprentice
The details relatd to SBI Salary are as follows:
Check out Bank PO Salary here.
SBI Salary: Probationary Officers
The basic pay of SBI PO is Rs 27,620. The pay scale is 23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020. This means the PO will get a basic of Rs 23700 with an increment of Rs 980 for the next 7 years, followed by a basic of Rs 30560 with an annual increment of Rs 1145 for the next two years and so on. The per month SBI PO Salary is in a range of Rs. 45,000 to 50,000.The allowances paid to SBI PO are as follows:
- Dearness Allowance is 46.9% of basic pay- Increases with time.
- City Compensatory Allowance(CCA)- 3% / 4%(depends upon the place of posting).
- Leased House Accommodation- Minimum- Rs 8000/-(Rural)/ Maximum- Rs 29500/-(Urban)
- Medical Insurance - 100% for employees/75% for family members
- Furniture Allowance- Rs 120000/-
- Travelling Allowance is also provided to PO's - A reimbursement will be offered for AC-2Tier travels (Exclusively for official travels)
- Miscellaneous -Rs 4000/-
- Total Compensation -7.5 lakhs to 12.9 lakhs annually
SBI PO Growth Opportunities and Job Profile
There is generally a probation period of 2 years. After that, the PO become regular officers in SBI. The role and responsibility are the same across the banks, the workload and area of work vary. The roles and responsibilities of SBI PO are as follows:
- Branch work - related to banking and finance.
- Sector-specific work - promoting schemes and financial products for agriculture.
- Managing single-window operating system.
- Manage day-to-day operations at Bank.
- Preparing the audit reports and NPA recovery also forms a major job task.
Growth Opportunities
The growth opportunities for SBI PO are as follows:They get promoted either on the basis of seniority or clearing the departmental exams held by the bank. Work performance and dedication are crucial in ensuring promotion. The POs are promoted from time to time as per banks policy, their skills are also regularly updated from time to time. The various posts available on promotion are mentioned here. Most of the public sector banks follow uniform guidelines issued by the Ministry of Finance, Government of India, regarding promotion policy matters. The public sector banks follow two channels in case of promotion i.e. the merit channel and the normal channel.
- Middle Manager – Middle Management Grade Scale 2
- Senior Manager – Middle Management Grade Scale 3
- Chief Manager – Senior Management Grade Scale 4
- Assistant General Manager – Senior Management Grade Scale 5
- Deputy General Manager – Top Management Grade Scale 6
- General Manager – Top Management Grade Scale 7
- Executive Director
- Chairman and Managing Director
SBI Salary: Clerical Posts
The basic SBI Clerk Salary in India is currently Rs.19,900/- (Rs.17,900/- plus two advance increments for graduates), with several increments applied as the employee progresses through the Bank. The pay structure for an SBI Clerk includes a number of other factors that make this role attractive.The following are the main features of the SBI Clerk Salary Structure in India:
| SBI Clerk Salary structure in India | |
| SBI Clerk Salary in India- Basic Pay | Rs.17,900/- Salary after 1st Increment- Rs. 20.900/- Salary after 2nd Increment-Rs. 24,590/- Salary after 3rd Increment- Rs. 30,550/- Salary after 4th Increment- Rs. 42,600/- Salary after 5th increment- Rs 45,930/- Salary after 6th increment- Rs 47,920/- |
| Dearness Allowance | Based on the Consumer Price Index |
| House Accommodation | Depends on the place of posting. |
Other benefits and allowances are given to the employee, which is a big draw for aspirants from all over the world.
The allowances for SBI Clerk are as follows:
- Allowance for Dearness
- Health-care coverage
- Allowance for House Rent
- Allowance for Transportation and Furniture
- Allowance for the City
- Basic Needs – Newspaper, Cleansing, Petrol, and so on
SBI Clerk Job Profile and Growth
The job profile and growth opportunities for SBI PO are as follows:
- Dealing with clients
- Managing cash registers
- assisting consumers with updating their passbooks, checkbooks, and other tasks
- Assisting the supervisors
- Assisting consumers in obtaining loans and completing their paperwork
- Account opening and closing
SBI Salary: CBO
Candidates who are recruited as SBI CBO will be placed under Junior Management Grade Scale 1. The initial basic pay of the SBI Circle Based Officer has been incremented to Rs. 36,000/- on the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840 applicable to Junior Management Grade Scale-I. SBI CBO Salary sees an increment of 1 grade for every one year of service.
| SBI Circle Based Officer Salary 2022 | |
| Allowance | Amount |
| Pay Scale | 36000-1490/7-46430-1740/2- 49910-1990/7-63840 |
| Basic Pay | Rs. 36,000 |
| Dearness Allowance (DA) | Rs. 16,884 |
| House Rent Allowance (HRA) | Rs. 2520 |
| City Compensatory Allowances (CCA) | Rs. 1080 |
| Gross Salary | Rs. 58,484 |
| Deduction | Rs. 8187.6 |
| Net Salary | Rs. 50,296.24 |
The net salary of SBI CBO officers amounts to Rs 50,296.24.
Best Books to Prepare for SBI PO: Check all the details here!
SBI CBO Career Growth and Promotion
On recruitment, candidates are appointed to the post of Circle Based Officer. They have to serve a specific duration of probation period during which they are assessed. They will get a permanent job under Junior Management Grade Scale-I (JMGS-I). Candidates will be in the general cadre and promotions will take place as per the promotion policy of the bank for general cadre officers. The selected candidates will not be entitled to inner-circle transfer up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is later.SBI Salary: Apprentice
Candidates must first know that SBI Apprenticeship is not a job. It is an apprenticeship where selected candidates work with SBI for a period of one year which may be extended to a maximum of three years. Selected candidates receive a monthly stipend amounting to Rs. 15,000 in first year, Rs. 16,500 in second year and Rs. 19,000 in the third year. Other than this, candidates are not eligible for allowances, benefits, etc.
|
Year |
Stipend per month |
|
1st year |
Rs. 15000/- |
|
2nd year |
Rs. 16500/- |
|
3rd year |
Rs. 19000/- |
SBI PO Syllabus 2022: Download subject-wise free syllabus PDF here!
SBI Apprentice Job Profile
Candidates who are selected for this Apprenticeship program will work in SBI for one year. As already mentioned this is not a job but an apprenticeship program. Hence the nature of roles and responsibilities for SBI Apprentice is different from that of other bank employees. The work that SBI Apprentice has to do includes the following:
-
Performing administrative activities to understand how the bank and its various departments work
-
Providing after-sale services
-
Completing the tasks as assigned by the supervisor
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Also read:
| Air Force Group X Salary | Air Force Group Y Salary | UPSC CAPF Salary | Indian Army Clerk Salary |
How are the salaries in SBI Decided?
What is tha salary of SBI PO?
What are the allowances that are given in SBI?
- Dearness Allowance is 46.9% of basic pay- Increases with time.
- City Compensatory Allowance(CCA)- 3% / 4%(depends upon the place of posting).
- Leased House Accommodation- Minimum- Rs 8000/-(Rural)/ Maximum- Rs 29500/-(Urban)
- Medical Insurance - 100% for employees/75% for family members
- Furniture Allowance- Rs 120000/-
- Travelling Allowance is also provided to PO's - A reimbursement will be offered for AC-2Tier travels (Exclusively for official travels)
- Miscellaneous -Rs 4000/-
- Total Compensation -7.5 lakhs to 12.9 lakhs annually
