SBI PROBATIONARY OFFICER SALARY PACKAGE
The starting basic pay for SBI Probationary Officers (SBI
PO) is Rs 16900/-(with 4 increments) in the scale of
14500-600/7-18700-700/2-20100-800/7-25700 applicable to Junior Management Grade
Scale I.
The officer will also be eligible for DA (Dearness
Allowance), HRA (House Rent Allowance) & CCA (Compensatory City Allowance)
as per rules in force from time to
time.
time.
The compensation per annum in Mumbai is around Rs 840000.
The break up of monthly compensation is as under:
Ø Cash Component
Rs 34320/-
Ø Bank's
contribution to PF Rs 1690/-
Ø Housing (Lease
Rental) Rs 29500/-
Ø Perquisites
(Conveyance, Newspapers, Entertainment allowance, House & Furniture
Maintenance etc.) Rs 4130/-
In addition, the officers are also entitled to other
benefits like:
(i) Medical Aid for self (100%) and for family (75%)
(ii) Home Travel Concession/Leave Fare Concession
(iii) Concessional Interest Rates for Housing/Car/Personal Loans
(ii) Home Travel Concession/Leave Fare Concession
(iii) Concessional Interest Rates for Housing/Car/Personal Loans
Note: The salary scales are under revision with effect
from November 2012.
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