SBI PO In Hand Salary 2022?

SBI PO Salary 2022

SBI PO Salary 2022: Do you want to appear in the SBI PO exam? But you’re not aware of salary it offers? Or, you want to know the updated salary details? Then, here we go. Read on.

In this article, we’ll know all the details about the in-hand salary and related details and the best practical way to practice clearing the upcoming SBI PO 2022 exam.

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SBI PO Salary 2022

The State Bank of India Probationary Officer (PO) is considered the most sought-after and prestigious government Banking job in India as SBI is one of the biggest nationalized banks. If you’ll be appointed as a PO in SBI you will start earning 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. 

Given below is the basic pay, along with DA and other allowances:

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 Deductions

SBI PO’s receive multiple benefits in terms of deductions that they can claim while filling their ITR and calculating tax liabilities. Here are all the claimable deductions in the SBI PO Salary structure 2022:

SBI PO Salary 2022
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

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SBI PO Salary 2022-Sample Pay slip (April 2021

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. Even then, the in-hand salary is attractive enough for the aspirants and thus there remains a huge demand for such Bank jobs.

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 the basis of the period of service given by them. The table below shows the SBI PO Salary increment annually and the final salary.

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

Here are the allowances that come with SBI PO Salary:

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

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FAQs-SBI PO In Hand Salary 2022

Q 1. 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 in-hand salary of SBI PO?

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

Q 2. What is the basic salary of SBI PO?

Ans. The basic pay salary of SBI PO is Rs 41,960/- with 4 advanced Increments.

Q 4. What are the allowances we get in SBI PO?

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

Q 5. 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