SBI PO Salary In-hand 2021: The in-hand salary of an SBI PO 2021 would be Rs. 52,280 including all the allowances and perks. However, the in-hand salary can be increased by an employee by taking internal exams such as JAIIB and others to enjoy a healthy increment.
SBI PO Salary In-hand 2021
SBI PO Salary 2021 Structure
SBI this year has made changes in the yearly increments in the pay scale which are fixed for several years.
| SBI PO year-wise Increment | ||
| Period | Increment | Basic Salary |
| First 7 years | Rs. 1490/- | Rs. 36,000/- |
| Next 2 years | Rs. 1740/- | Rs. 46,430/- |
| Another 7 years | Rs. 1990/- | Rs. 63,840/- |
| SBI PO Salary structure in India | |
| Gross Salary | Rs 65, 780/- |
| Dearness Allowance | 46.9% of the basic pay |
| City Compensatory Allowance (CCA) | 3% or 4% (depending on the place of posting) |
| Leased House Accommodation | Minimum- Rs 8000/-(Rural) Maximum- Rs 29500/-(Urban) |
| Medical Insurance | 100% for employees 75% for families |
| Travelling Allowance | Reimbursement for AC-2Tier (Exclusively for official travels) |
| Petrol | Rs 1100-Rs 1300 (in case of absence of personal vehicle) |
| Miscellaneous | Rs 4000/- |
| Total Compensation (Annually) | 8 lakhs to 13.5 lakhs |
| Loan Benefits | Concession on interest rates |
Net Salary Calculation
| Salary Details | Amount |
|---|---|
| PF Contribution | 4196 |
| Income Tax | 3290 |
| Professional Tax | 200 |
| Contributory Pension Fund | 5,274 |
| Total Deductions | 12,960 |
| Net Salary | 52,820 |
The basic pay offered is Rs. 41,960. However, the gross salary will be around Rs. 65780.
Well, as per the annual or fixed increment the basic pay would be 46,430. But the in-hand salary can easily cross Rs. 70,000 and the gross salary can even cross 1 lakh rupees a month, especially if you have passed the necessary internal exams.
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