I am doing my PG. I would like to apply for SBI PO 2013 (State Bank of India Probationary Officer). How much is the salary and other benefits that is given for Probationary officer at SBI?
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PAY: The starting basic pay is Rs 16,900/- (with 4 increments) in the scale of Rs 14500-600/7-18700-700/ 2-20100-800/7-25700 applicable to Junior Management Grade Scale I. The official will also be eligible for D.A., H.R.A & CCA as per rules in force from time to time. At present monthly compensation at Mumbai will be approximately Rs 69,0007- inclusive of lease rental. The salary scales are under revision with effect from November 2012.
The officers are required to make 10% of their basic pay as contribution to Provident Fund and the Bank also makes matching contribution to the Employees Provident Fund.
The new entrants will be governed by the Defined Contribution Pension Scheme/New Pension Scheme, where each employee is required to contribute 10% of Basic Pay and D.A. towards pension scheme and Bank also makes matching contribution.
PERQUISITES
(1) Leased accommodation ranging from Rs 8,000/- in 'C category Centres to Rs 29,500/- in Mumbai Centre.
(2) Medical Aid for self (100%) and for family (75%).
(3) Home Travel Concession/ Leave Fare Concession.
(4) Concessional interest rates for Housing/Car/Personal Loans
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Hi, the monthly compensation given/mentioned above is of Mumbai location. Will it be different as per the location? If yes, approx. how much diff. would be there? Thanks.
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The Starting Salary of Public Sector Bank PO is 40486/- monthly and 490153/- annually.
The Starting Salary of SBI PO is 69000/- monthly and 828000/- annually.
The Starting Salary of ICICI Bank PO is 34561/- monthly and 414732/- annually.
These are approximate numbers and vary with bank and location.
