State Bank of india is the largest bank in India having its operations all over the country and also biggest bank in term of recruitment than any other bank.
It is a well-known point that SBI conducts examination for all its recruitment separately from other banks who conducts their recruitment process with the help of Institute of Banking Personnel Selection commonly known as IBPS. Being the largest bank, it also gives maximum salary and perks and other benefits than other banks in India.
Check SBI Probationary Officer Salary 2023 per month with Pay Scale
- Total Salary: Rs. 61000-66000 per month
- Net in hand Salary: 55000-60000 per month
SBI plans to offer, subject to necessary approvals, a SMART Compensation Package which would
enable candidates a choice to monetize specific elements of the salary package.
In addition, the officers are also entitled to other benefits like –
(i) Medical Aid for self (100%) and for family (75%)
(ii) Home Travel Concession/Leave Fare Concession
(iii) Concessional Interest Rates for Housing/Car/Personal Loans.
The main difference in salary of SBI Probationary Officer and other Public sector bank PO is that SBI gives more allowances than them. It means SBI PO gets more Dearness Allowance and other allowance which are based on Basic pay.
The selected candidates, at the time of joining, will have to execute a Bond for a value of Rs 2.00 lac (Rs Two lac only) to serve the Bank for a minimum period of three years.