SBI PO Job Profile, Salary, Perks, & Career Growth Opportunities

SBI PO is one of the most reputed jobs in Banking sector, is entitled to various perks and allowances. So today we will discuss about the job profile, salary structure, and career growth opportunities of a SBI PO. Not only person working as SBI PO earns higher take home salary as compared to IBPS PO, he or she gets more allowances as well. FYI, SBI released the notification for the post of Probationary Officer 2017 earlier today for a total of 2313 posts. Being a SBI PO is the dream of all the Banking Aspirants.
Bank PO is one of the most coveted job profile of the country. Add to it SBI’s name and it paints the perfect picture. Every year, lakhs of students sit for this most sought after exam but this dream turns to reality only for a handful.
The notification of SBI PO 2017 is already out. Overall level and pattern of this exam saw a major raise last year. So, it’s high time that you start your preparations now.
Before that, it’s essential that you understand what exactly does a Probationary Officer do and what are the prospects of career progression in SBI job profile.

SBI PO Job Profile

Let us first understand what exactly does a Probationary Officer do?

After joining, SBI PO is subject to a probation period of 2 years. This is more like a training phase where they get to learn about various aspects of banking procedures.
Some of the common tasks include - Gaining practical knowledge of various banking aspects, Customer Services (which may range from passbook printing to account opening and many more), supervision of clerical work, Loan Processing etc.
During the probation period, training are provided in various fields, which include - Retail (Personal) Banking, Advances, Rural Banking (Agriculture training) etc.
SBI PO is sent directly to the allotted branch, a day after reporting in the regional office of the allotted circle. The training is basically on-site i.e. he/she gets to learn the banking procedures while working in the branch itself.
Specialised training at the SBI training institutes are also conducted during the probation period.
After the probation period, SBI PO needs to undergo a screening procedure, qualifying which he/she will be confirmed as Officer Middle Management Grade Scale-II.

While working as a Probationary Officer, works of all sorts need to be undertaken, which may often be clerical in nature. But remember, this is the learning phase of the career as a PO and it is essential that you have a proper understanding of how exactly work is done, the minute details of which you’ll learn only through this. Eventually you have to take up a managerial profile, and you can’t expect to pull it off properly, unless you have a clear understanding of how things are done at the root level. So, think of it as the first step of the ladder which is essential to get to the next level.

SBI PO Salary

Now that we have discussed what exactly does a SBI PO do, let’s move on to the perks of this reputed job.

As per official notification of SBI, the total compensation per annum for SBI PO would be a minimum of 7.93 lacs and maximum of 12.95 lacs.
Some major perks offered by SBI are -

SBI PO Basic Pay	Rs.27,620/- (with 4 advance increments)
Dearness Allowance	This is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently DA is 46.9% of the basic pay.
City Compensatory Allowance (CCA)	This varies with the place of posting at 4% or 3%.
Leased House Accommodation	SBI PO may take a house on lease, the amount of which varies with posting between a minimum of. Rs. 8000/- (in rural areas) and a maximum of Rs. 29500/- (in Mumbai).
Furniture Allowance	Rs. 120000/- for the purchase of furniture
Medical Insurance	100% medical coverage for SBI employees and 75% for their family members
Travelling Allowance	For official travels, reimbursement of AC 2-tier fare is provided
Petrol	50 Lts (For 2 wheelers) Or 55 Lts (For 4 wheeler) Or Approx. Rs. 1100-1250 if you don't have 2/4 wheeler (conveyance allowance).

Apart from these, SBI PO enjoys various other monthly perks like Entertainment, tea & coffee, Cleaning & Labour and Newspaper allowances, the total amount of which is approximately Rs. 4000/-.
SBI also provides concessional interest rates to its employees for Housing Loan, Car Loan and Personal Loans.
Facility of Home Travel Concession/Leave Fare Concession is also provided.

SBI PO Career Growth & Promotion

SBI offers immense growth opportunities. Promotion cycle in SBI is pretty fast and one can even reach up to the level of chairman of the group. Perfect example for this would be the current chairperson of SBI, Mrs. Arundhati Bhattacharya who started as a PO in SBI in 1977.

Promotions in SBI follow the undermentioned path -
Probationary Officer (Assistant Manager, JMGS - I)
Deputy Manager (MMGS)
Manager (MMGS)
Chief Manager (MMGS)
Assistant General Manager (SMGS)
Deputy General Manager (TEGS)
Chief General Manager (TEGS)
General Manager (TEGS)
The promotion policy of SBI provides an opportunity to the meritorious and exceptionally brilliant officers to reach the Top Management Grade in a reasonably quick time.
SBI also offers Foreign postings to selected officers based on their performances. It has over 190 foreign offices in 36 different countries.

Clearly. there are numerous reasons to join this reputed organisation. It is the only bank from India under the Fortune 500 companies globally. SBI in itself is a huge brand and to be part of such an esteemed organisation speaks volumes. We hope the above listed factors were motivating enough for you all to pull up your socks for this year’s SBI PO Exam.
You can also go through the preparation strategy for SBI PO Exam 2017 from the link below -

Gear Up for SBI PO Exam 2017

You can also check the official notification of SBI PO 2017 from the link below -

Chethana Bank Institute

SBI PO Job Profile

SBI PO Job Profile, Salary, Perks, & Career Growth Opportunities