Vocabulary

SBI PO 2022 Exam-SBI PO Promotion and Career Growth

The State Bank of India offers very good career in terms of the Career growth. It offers a good designation, hefty salary and other allowances. This is the reason why lakhs of candidates are attracted towards and are motivated to clear it every year. This year too, SBI is getting ready to conduct the PO exam to hire candidates in various branches throughout India. So, if you are interested in clearing the exam, you might also like to know everything about the SBI PO Promotion and Career Growth.

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SBI PO Job Profile

Let us shed some light on what an SBI PO does:

Supervises clerical activities, customer service, process loans, helps in opening bank accounts, etc.
Markets New Schemes
Brings New Business to the bank
On-site training, such as at SBI training institutes.
Any related Banking task bank assigns him/her.

SBI PO Salary 2022

On becoming a PO in SBI he/ she starts receiving Rs.41,960 as his basic salary (with 4 advance increments). The salary structure of SBI PO follows the range of 36000-1490/7-46430-1740/2-49910-1990/7-63840.

SBI PO Salary
Basic Pay	Rs. 41,960
Special Allowance	Rs. 6,881
DA	Rs. 12,701
Location Allowance	Rs. 700
Learning Allowance	Rs. 600
HRA	Rs. 2,937
Gross Salary	Rs. 65,780
Deduction (PF/Income Tax/Professional Tax/Pension)	Rs. 12,960
Net Salary	Rs. 52,820

SBI PO Salary In Hand 2022

The In-hand salary of SBI PO 2022 ranges from Rs. 52,000 to 55,000 per month. This amount may vary depending upon the location of the posting. As the banks follow Bipartite settlements, there is no applicability of the 7th pay commission on the amount.

SBI PO Salary Increment

The salary and the in-hand salary of SBI PO are subject to increment every year. There is a fixed amount of increment given to every SBI PO on account of the period of service given by them.

SBI PO 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 Allowances, Perks

Allowances that SBI POs enjoy are tabulated below:

SBI PO Salary Allowances
Allowance	Amount
Dearness Allowance	26% of the Basic Pay
City Compensatory Allowance	3% – 4% depending on location
House Rent Allowance	7% – 9% depending on Place of Posting
Furniture Allowance	Rs. 1,20,000
Medical Insurance	100% covered for employee \| 75% covered for dependent family
Travelling Allowance	AC 2-tier fare is reimbursed to the employee for official travels
Petrol Allowance	Rs. 1,100 – 1,250
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.	Varies based on Cadre

Read to know all about the SBI PO 2022 Notification!

SBI PO 2022 Promotion

An SBI PO can enjoy quick promotions along with the increase in the salary as per the Bank norms. Here’s how the promotion hierarchy goes:

Assistant Manager
Deputy Manager
Manager
Chief Manager
Assistant General Manager
Deputy General Manager
General Manager
Chief General Manager
Deputy Managing Director
Managing Director
Chairman

SBI PO’s Career

The salary and perks SBI POs enjoy are very attractive, and the career growth makes it super-worthwhile. Lakhs of candidates apply for the post every year and those who clear the exam enjoy a stable life with a sturdy income. Candidates applying for the post are advised to start their preparation right away by taking SBI PO Prelims Mock Tests.

SBI PO Salary 2022 – FAQs

Q 1. What is the promotion hierarchy of SBI PO?

Ans. The promotion hierarchy is Assistant Manager, Deputy Manager, Manager, Chief Manager, Assistant General Manager, Deputy General Manager, General Manager, Chief General Manager, Deputy Managing Director, Managing Director, Chairman

Q 2. What is the Payscale of SBI PO?

Ans. The Pay scale of SBI PO is 36000-1490/7-46430-1740/2-49910-1990/7-63840.

Q 3. What is the basic salary of SBI PO?

Ans. Basic Pay Salary of SBI PO is Rs 41960/- with 4 advanced Increments.

Q 4. What is the in-hand salary of SBI PO?

Ans. The In-Hand salary of SBI PO is between 52,000 to 55,000 per month.

Q 5. What are the allowances we get in SBI PO?

Ans. The allowances and perks offered in SBI PO are Medical Insurance, Travelling Allowance, Furniture Allowance, Petrol and other allowances.

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Asad Yar Khan

I write and oversee the creation of informative educational blogs centering around study strategies, exam techniques, and more, to guide aspirants in clearing SSC, banking, engineering, and other competitive exams. I ensure a range of subjects are covered with precision and clarity. With over 7 years of diverse writing experience, I share a wealth of wisdom and expertise with thousands of students, through PracticeMock every day, helping them achieve their goals.