SBI PO Salary 2019 Pay Scale for New Candidates

SBI PO Salary 2019 Pay Scale Check State Bank of India Probationary Officer Starting Salary and Increment Promotions Pay Scale Job Profile

SBI PO Salary 2019 for New Candidates

Here we will provide you details of SBI Bank Probationary officer (PO) Salary, Pay Scale, Emoluments, Perks, Allowances etc. details.
What is the starting Salary of SBI PO in 2019
SBI had increased the basic pay and other allowances for Probationary officer posts over the years.
Presently, The total compensation per annum would be a minimum of Rs. 8.20 lacs and maximum of Rs. 13.08 lacs depending on place where the posting is given and other factors. This includes all the allowances and benefits.
SBI is the biggest bank in India having the most no. of branches. So you can expect and get more salary from it as compared to any other bank in the nation.

SBI PO Pay Scale

The starting basic pay is Rs. 27,620/- (with 4 advance increments) in the scale of Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I. The official will also be eligible for D.A, H.R.A/Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time.
SBI plans to offer, subject to necessary approvals, a SMART Compensation Package which would enable candidates a choice to monetize specific elements of the salary package.
The salary increases as the basic pay and DA increases over the years.

SBI PO Job Profile

The selected probationary officers will be liable to serve anywhere in India. First the newly absorbed probationary officers will be put on probation of two years during which they will be given intensive training. Towards the end of their probation/training period, they will be subjected to a screening process. While those Officers who achieve the predetermined standards may be confirmed and given placement in the next higher grade i.e., Officer Middle Management Grade Scale-II, others who qualify in the test but fail to achieve the standards set for placement in Middle Management Grade Scale-II, will be confirmed as Officer Junior Management Grade Scale-I.
The services of those Officers who fail to qualify in this process will be terminated. Bank provides immense opportunities for growth in the Bank including opportunities for postings abroad. The attractive promotion policy of the SBI bank also provides an opportunity to the meritorious and exceptionally brilliant officers to reach the Top Management Grade in a reasonably quick time.

SBI PO Joining, Training & Career Path
Newly Selected candidates will have to complete an online course in which they will be exposed to basic banking knowledge before joining. Then at joining, they have to execute a bond of Rs. 2 lac to serve the bank for a minimum of 3 years. On joining, they will be designated as Probationary Officer and their probation period will be 2 years. They will be subjected to continuous assessment for this period, will be confirmed in the service in Junior Management Grade Scale I (JMGS-I). Those who achieve higher standard scores may be considered for next higher grade, MMGS-II immediately after confirmation.

These are the details of SBI PO Salary / Pay Scale etc.