Salary structure offered by SBI PO Exam 2018

Bank jobs are most sought after SSC Exam based jobs. Bank jobs are notified by various examining bodies as IBPS, SBI, RBI and RRB. Out of these, RBI stands the first place and the second most sought job is SBI PO. SBI offers more salary to their Probationary Officers than any other bank PO. It enables its employees with high financial strength. It completely changes the social and financial status of an aspirant after cracking SBI PO Exam. At the same time, it is a hard nut to crack if your preparation is not strong. One needs to have a dedicated effort to get such a lucrative job and to be free from any financial worries for future.
BANK Coaching in Pathankot has become popular these days as SBI and other bank PO Exams have gained momentum. More and more vacancies are created every year due to change in the banking functioning. Since SBI PO offers more salary but still some of you would like to know the details of the salary and perks that are offered by SBI. Let us give you a preview of the salary package offered by SBI PO 2018. Before furnishing the exact details of the salary structure of SBI PO one must know that allowances are offered different for different cities.
According to the SBI PO official Notification, the basic salary is Rs. 23700/-. These officers are offered four advance increments of Rs. 980 which are added to the basic, therefore basic salary total comes out to be Rs. 27620/-.

Salary Structure of SBI PO:

Basic Salary = Rs. 27620
Dearness Allowance = Rs. 12677
City Compensatory Allowance (CCA) = Rs. 870
Special Allowance = Rs. 2140
Total Earning Before Deductions = Rs. 43307

Deductions:

PF (10% of Basic) = Rs. 2762
NPS (10% of Basic+DA) = Rs. 4000
Income Tax = As per govt norms.
Other allowances including Newspapers, Entertainment allowance, Conveyance etc.) = Rs. 4130
HRA = Rs. 2486
Salary In Hand = Rs 40000 Per Month (Approx.)
Below Is The Salary Slip Of Currently Working Scale I Officer In SBI
Apart from above said remunerations, the officers are entitled to following benefits as well:
  • Leased accommodation ranging from Rs 8,000/- in ‘C’ category Centres to Rs.29,500/- in Mumbai Centre.
  • Medical Aid for Self (100%) and for Family (75%).
  • Home Travel Concession/ Leave Fare Concession.
  • Concessional interest rates for Housing/Car/Personal Loans
These salary details are enough to understand the salary package of SBI PO as aspirants are much more concerned with the perks they will get besides the salary. Therefore to grab such a salary package one must join BANK Coaching in Pathankot or any reputed bank coaching center to crack SBI PO Exam as early as possible.
Location: Pathankot, Punjab 145001, India

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