State Bank of India (SBI) Salary

“State Bank of India is the largest public sector bank in India. Working in SBI is like working with market leader among banks. This article talks about the salary of employees working in SBI. Scroll down to know more about the salary of SBI staff, right from the CEO, Directors, General Managers, Managers, Specialist Officers, General Officers, POs, Clerical Cadre staff and sub staff. ”

Salaries in State Bank of India

State Bank of India offers salaries and remunerations that is at least 14% more than the industry standards. That the bank follows very strict hiring criterions can be gauged from the fact it selected only 20,682 applicants out of 30 lakh job seekers in 2012-13. Fresh recruits apart from receiving high starting salaries are also entitled to generous incentives and perks including but not limited to paid vacations, paid medical leaves, cellphone allowance, city compensatory allowance, and so on. Salaries also receive a boost periodically as an employee gains working experience.

SBI PO Salary

A SBI Probationary officer has a good opportunity of career growth and promotions in the bank. Once he gets confirmed for the post, the next set of designations waiting for him goes in this order: PO – Confirmation – Assistant Manager – MM2 – MM3 – SM4 – AGM – DGM – GM – CGM – JMD – MD – Chairman A SBI PO gets a handsome salary package. His Salary depends on his/her location as well. According to the SBI PO Recruitment 2015-2016 advertisement, the basic pay of a SBI PO starts from about Rs 41,877 per month. He is also eligible for enjoying other benefits and perks like HRA, Conveyance, Medical, LFC/HTC etc. He can earn CTC 8 Lakhs per annum.

SBI Bank PO Salary Structure – Entry Level

Perks that are available to SBI PO

Leased Accommodation, Home Travel Concession/Leave Fare Concession, Newspaper Reimbursement, Medical Aid, Coverage under New Pension Scheme, Housing (Lease Rental) and Concessional Interest Rates for Housing/Car/Personal Loans

SBI Clerk Salary

SBI offers an excellent career to its employees in the post of Bank Clerks. The bank clerk post is an excellent way to get into the banking sector. This has made the job, popular among the young generation. Bank Clerks get fair chances of promotion. The designation waiting for the Bank clerks after promotion is the Officers. The promotion is based on the performance of the employees and interviews. The salary of Bank Clerk is pretty attractive. They get the pay scale of Rs 138,808 – Rs 375,517 per annum. They are also eligible of other benefits and perks.

SBI Clerical Grade Salary – Lowest and Highest Gross Salaries for each position per month

Median Salary According to Job Title

Median Salary in Terms of Work Experience

Median City-Wise Salary

Median Salary According to State

Median Salary According to Certification

Median Salary in Terms of Skill

Median Salary According to Industry

Median Salary in Terms of Degree

About State Bank of India

State Bank of India is a public-sector multinational banking and financial services organization that was founded in the year 1956. It is the biggest of all public and private sector banks in India both in terms of assets and office network. SBI’s total assets as of December, 2013 were approximately 23280 billion INR. It has 16,000 branch offices, satellite centres, and POS (point of sale) out of which 190 branches were located overseas. The bank offers consumer, corporate, investment, mortgage, finance, insurance, and private banking services. It also furnishes wealth management services. Almost all the branches of SBI are linked with each other under a single network for providing core banking services. As of March 31st 2013, a total of 2, 28, 296 employees were employed with SBI out of which 46,833 were women.