“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
|
Major A Class Cities* |
Area – I* |
Other Areas |
Basic Pay |
23700 |
23700 |
23700 |
Special Allowance |
1836.75 |
1836.75 |
1836.75 |
DA |
10163.63 |
10163.63 |
10163.63 |
CCA |
870 |
600 |
|
Total (without HRA) |
36570.38 |
36300.38 |
35700.38 |
HRA |
2133 |
1896 |
1659 |
Gross with HRA |
38703.38 |
38196.38 |
37359.38 |
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
Addl Senior Assistant |
Rs.31253.00 – 105447 |
Assistant (Non Bank) |
Rs.21991.00 – 77557.00 |
Assistant (Banking) |
Rs.17020 – 133260 |
Clerk On Probation |
Rs.18579 – 75914 |
Computer Operator |
Rs.32252 – 75040 |
Customer Care Assistant |
Rs.14476 – 84186 |
Godown Keeper |
Rs.39574 – 71193 |
RK/RK cum Cashier |
Rs.29602 – 99513 |
Senior Stenographer |
Rs.48502 – 81052 |
Spl RK/RK Cashier |
Rs.56113 – 132678 |
Spl Stenographer |
Rs.21152 – 106208 |
Spl Assistant (Non Bank) |
Rs.53873 – 137095 |
Spl Assistant (Banking) |
Rs.58782 – 190654 |
Sr Assistant (Non bank) |
Rs.41123 – 107603 |
Sr Assistant (Banking) |
Rs.34377 – 165693 |
SBI Officer Grade Salary Table: Lowest and Highest Salaries for each Position per month
|
Assistant Manager |
Rs.29649 – 277143 |
Assistant General Manager |
Rs.55070 – 307372 |
Chief General Manager |
Rs.151939 – 409067 |
Chief Manager |
Rs.75560 – 270474 |
Deputy Manager |
Rs.45450 – 193668 |
Deputy Managing Director |
Rs.200373 – 216962 |
Dy General Manager |
Rs.101360 – 358769 |
General Manager |
Rs.127688 – 290908 |
Management Executive |
Rs.59395 – 63151 |
Manager |
Rs.56677 – 271144 |
Probationary Officer |
Rs.27856 – 64262 |
Trainee Officer |
Rs.31167 – 89784 |
SBI Specialist Officer Salary Table: Lowest and Highest Salaries for each Position per month
|
Assistant Manager (S) |
Rs.39426 – 92355 |
Assistant General Manager (S) |
Rs.103797 – 133593 |
Chief Manager (S) |
Rs.67542 – 305341 |
Deputy Manager (S) |
Rs.40932 – 160729 |
Deputy General Manager (S) |
Rs.118888 – 145833 |
General Manager (S) |
Rs.132037 – 141975 |
Manager (S) |
Rs.60754 – 209636 |
Median Salary According to Job Title
Job Title |
Average Salary Range in Lakhs |
Account Manager |
16,49,850 INR |
Account Assistant |
6,48,200 INR |
Accountant |
7,83,040 INR |
Assistant Manager (Customer Service) |
8,84,500 INR |
Assistant Branch Manager (Banking) |
7,72,430 INR |
Bank Officer |
10,54,770 INR |
Bank Clerk |
4,28,468 INR |
Bank Manager |
9,60,000 INR |
Certified Financial Planner |
7,33,900 INR |
Branch Manager (Banking) |
10,85,000 INR |
Credit Analyst |
10,73,740 INR |
Credit Manager |
11,05,800 INR |
Clerical Assistant |
3,84,250 INR |
Office Assistant |
3,60,000 INR |
Front Desk Clerk |
502,020 INR |
General Manager (Operations) |
28,41,500 INR |
Office Clerk (General) |
3,37,900 INR |
Systems Manager (IT) |
5,87,866 INR |
Probationary Officer |
5,44,700 INR |
Median Salary in Terms of Work Experience
Years of Experience |
Average Salary in Lakhs |
0-1 year |
2,48,200 INR |
1-4 years |
3,10,019 INR |
5-9 years |
5,60,000 INR |
10-19 years |
5,66,752 INR |
20 years and more |
5,49,900 INR |
Median City-Wise Salary
City |
Average Salary in Lakhs |
Mumbai (Maharashtra) |
5,74,409 INR |
New Delhi |
6,83,958 INR |
Mumbai Metro (Maharashtra) |
4,36,830 INR |
Bangalore (Karnataka) |
6,02,192 INR |
Chennai (Tamil Nadu) |
6,89,671 INR |
Hyderabad (Andhra Pradesh) |
4,20,000 INR |
Kolkata (West Bengal) |
4,47,225 INR |
Delhi (NCR) |
3,98,517 INR |
Median Salary According to State
State |
Average Salary in Lakhs |
West Bengal |
4,60,877 INR |
Tamil Nadu |
3,66,764 INR |
Maharashtra |
5,77,622 INR |
Delhi |
6,32,983 INR |
Karnataka |
4,54,350 INR |
Andhra Pradesh |
4,81,002 INR |
Uttar Pradesh |
4,72,083 INR |
Median Salary According to Certification
Certification |
Average Salary in Lakhs |
Chartered Financial Analyst |
6,32,450 INR |
Certified Public Accountant |
1,28,356 INR |
B.Com |
3,18,285 INR |
Median Salary in Terms of Skill
Skills |
Average Salary in Lakhs |
Microsoft Word |
4,60,438 INR |
Microsoft Office |
5,50,710 INR |
Microsoft Excel |
3,94,900 INR |
Financial Analysis |
5,42,583 INR |
Customer Relationship Management |
6,59,098 INR |
Account Management |
4,29,630 INR |
Windows XP/2000/NT |
5,21,700 INR |
Operations Management |
5,92,057 INR |
Project Management |
5,50,010 INR |
Banking |
5,83,532 INR |
Median Salary According to Industry
Industry |
Average Salary in Lakhs |
Banking |
4,89,126INR |
Investment Banking |
4,02,790 INR |
Financial Services |
4,34,089 INR |
Software Services |
2,43,000 INR |
Loans, Credit Instruments and Mortgages |
4,74,610 INR |
Accounting, Tax Services and Auditing |
1,58,800 INR |
Life Insurance |
4,25,025 INR |
Median Salary in Terms of Degree
Degree |
Average Salary in Lakhs |
Bachelor’s Degree |
7,40,382 INR |
Master of Business Administration (Finance) |
8,93,793 INR |
MBA (Marketing& Management) |
6,50,000 INR |
B.Com (Accounting & Finance) |
8,08,100 INR |
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.
Related
Thank you for this information.
Like doing bank job ,