NEW! SBI PO Study Notes | IBPS PO Exam

SBI Probationary Officer (PO) Job Salary

(Salary & EMOLUMENTS) State Bank of India (Probationary Officers) Exam-2023

SBI PO Salary & Perks (as on 01/04/2023):

Presently, the starting basic pay is 41,960/- (with 4 advance increments) in the scale of 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to Junior Management Grade Scale-I.

The official will be eligible for DA, HRA, CCA, PF, Contributed Pension Fund i.e., NPS, LFC, Medical Facility, Lease rental facility etc. and other allowances & perquisites as per rules in force from time to time.

SBI PO Career Path:

The selected candidates shall be provided basic banking knowledge through online course, which they shall complete before joining. The selected candidates, at the time of joining, will have to execute a Bond for a value of 2.00 Lacs ( Two Lacs only) to serve the Bank for a minimum period of three years. The Bond will be invoked by the Bank if the candidate resigns from the service of the Bank before expiry of three years from the date of joining.

On joining, the selected candidates will be designated as “Probationary Officers” and may be on probation for two years. They will be subjected to continuous assessment, as per Bank’s extant policy, during the probation period. Those candidates who qualify in the assessment as per standards determined by the Bank from time to time, will be confirmed in the Service of the Bank in Junior Management Grade Scale-I (JMGS-I).

If any candidate fails to achieve minimum standards stipulated, his/ her services may be terminated as per policy of the Bank in force at the material time.

Bank provides immense opportunities for growth in career, including opportunities for posting abroad. The attractive promotion policy of the Bank provides an opportunity to the meritorious and exceptionally brilliant officers to reach the Top Management Grade in a reasonably quick time.