Salary

SBI PO Salary Slip 2024, Download SBI PO Latest Salary Slip of New Joinee


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SBI is the largest bank in India and SBI PO is one of the most coveted exams in India. In this article, we will have a look at the SBI PO Salary – Gross and Net in hand salary of State Bank of India (SBI) PO (Probationary Officer).

SBI PO Latest Salary 2024

ComponentAmount (₹)
Initial Basic Pay (with 4 increments)56,480
Dearness Allowance (17.20%)11,545.86
House Rent Allowance (HRA)5,648.00
City Compensatory Allowance2,300.00
Learning Allowance850.00
Special Allowance14,967.20
Gross Salary91,791.06
Deductions9,617
Net Salary82,174
SBI PO Salary

SBI PO Latest Salary 2024 Deductions Details

DeductionAmount (₹)
Employee PF Contribution5,648.00
Professional Tax200.00
Income Tax Deducted During Month3,769.00
Total Deduction9,617.00
SBI PO Salary Deductions

SBI PO Latest Salary Slip

SBI PO Allowances, Perks and Benefits

  • Dearness Allowance: 15.97% of Basic Pay
  • City Compensatory Allowance: 3%-4% based on location
  • House Rent Allowance: 7%-9% depending on posting location
  • Medical Insurance: 100% for employee
  • Travelling Allowance: Reimbursement for AC 2-tier fare on official trips
  • Additional Allowances: Newspaper, Entertainment, Books, vary by location
  • Cashless Treatment: Available at selected medical facilities nationwide
  • Loan Benefits: Concessionary rates on home, car, and personal loans
  • Pension Contribution: Under new pension scheme
  • Leave Travel Concessions (LTC)

(FAQs) Frequently Asked Questions about SBI PO Salary

  1. What is the basic pay for an SBI PO in 2024?
    The starting basic pay is ₹56,480, including four annual increments.
  2. What allowances are included in an SBI PO’s salary?
    Allowances include Dearness Allowance, House Rent Allowance, City Compensatory Allowance, and Special Allowance.
  3. Are there additional benefits?
    Yes, benefits include Medical Insurance, Travelling Allowance, cashless medical treatment, and concessionary loan rates.
  4. What are the deductions in the SBI PO salary?
    Common deductions include Employee PF Contribution, Professional Tax, and Income Tax, totaling about ₹9,617.
  5. What is the net monthly salary of an SBI PO?
    After deductions, the net monthly salary is approximately ₹82,174.
  6. Is there a pension scheme for SBI POs?
    Yes, SBI POs are eligible for contributions to a new pension scheme.
  7. What is the gross monthly salary for an SBI PO?
    The gross salary typically amounts to around ₹91,791, though it may vary slightly based on specific allowances and location.