5 Things To Know About Life Of SBI PO

The State Bank of India is the largest commercial bank in the country, in terms of employees, assets and deposits. The profession of an SBI Probationary Officer (PO) is considered a white-collar job and a lucrative career option. Every year, lakhs of aspiring candidates appear for the SBI PO entrance examination. The job offers prospects for a promising future and career growth. Many aspirants wish to find out about the life of sbi po once recruited in SBI.

Therefore, here is a detailed description of the SBI PO salary in-hand, SBI PO pay scale, work profile, salary structure, and responsibilities-

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Life of SBI PO: Responsibilities during the Probation Period

Probationary Officer is the entry-level position. The duration of probation or training is 2 years. During the probation period, selected candidates will be given various bank-related tasks to get them familiar with how the bank operates.

Candidates will be trained in different departments- Marketing, Finance, Billing, Accounting and Investment. This will help them acquire practical knowledge.

Duties of a PO include addressing and handling customer queries, issuing chequebooks, demand drafts, ATM cards, looking for any discrepancy in accounts, and correcting undue charges.

Probationary Officers are also responsible for performing managerial tasks-verifying documents, supervising clerical work, managing cash balance etc.

After the completion of probation, candidates go through a screening test, after which they are appointed and posted as Assistant Managers to one of the SBI branches.

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SBI PO Salary Structure

SBI offers the highest compensation in the banking sector for entry-level Probationary Officers with four increments in the initial stages.

• The initial basic pay is Rs.27620.
• SBI PO pay scale is Rs.23700-980/7-30560-1145/2-32850-1310/7-42020.
• SBI PO salary in-hand is Rs.40000 per month.

The annual salary will be a minimum of Rs.8.20 lakhs and a maximum of Rs.13.08 lakhs, based on the location of posting.

SBI PO Perks and Allowances

The benefits of SBI PO post are numerous. Employees are eligible for Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Travel Allowance, Furniture Allowance, and Medical Aid (for self and family).

Probationary Officers are also liable to receive concessional interest on housing/personal/car loans.

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SBI PO Promotion and Career Growth

SBI PO is one of the most prestigious posts in the banking sector. The State Bank of India has a strong work culture and offers plenty of opportunities to dedicated employees to thrive in this profession.

SBI PO promotion exams are held on an annual basis for the growth of the employees so the scope of escalating to higher positions is greater than other banks.

The annual appraisal that takes place is very transparent and fair so only dedicated, hard-working employees, stand a chance to reach to the top in a short duration. Employees who are committed to their work and prove their efficiency repeatedly can also get an opportunity to work abroad.

The career graph of an SBI Probationary Officer is given below in the ascending order-

• Assistant Bank Manager
• Middle Management Grade Scale-II
• Middle Management Grade Scale-III
• Senior Management Grade Scale-IV
• Assistant General Manager
• Deputy General Manager
• General Manager

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Conclusion

If you are applying for SBI Probationary Officer post, you will need to prepare for the same in a thorough manner. Find out about the age limit and educational qualification before applying for the post.