SBI PO Salary 2022: State Bank of India is inviting applications from eligible Indian citizens for the recruitment of 1673 vacancies of Probationary Officers (PO) in State Bank of India. SBI Clerk 2022 applications are open from 22 September to 12 October 2022. The Preliminary Examination will be conducted tentatively in the month of November 2022 and the Main Examination will be conducted tentatively in the month of December 2022 / January 2023.
Eligible candidates are required to register online for the recruitment process which will be conducted in three phases. (i) Phase-I; (ii) Phase-II; and (iii) Phase-III. Shortlisted candidates after Phase-I will have to appear for Phase II. Candidates selected after Phase II will subsequently be called for Phase III.
SBI PO 2022 Calendar
|Planning||SBI PO 2022 Dates|
|On-line registration including editing/modification of application by the candidates||22 September to 12 October 2022|
|payment of application fee||22 September to 12 October 2022|
|Download Preliminary Exam Call Letter||After the 1st/2nd week of December 2022|
|Phase-I: Online Preliminary Examination||17/18/19/20 December 2022|
|Declaration of the result of the preliminary examination||December 2022 / January 2023|
|Download Main Exam Call Letter||January 2023 / February 2023|
|Phase-II: Online Main Examination||January 2023 / February 2023|
|Declaration of the result of the main examination||February 2023|
|Download Phase-III Call Letter||From February 2023 onwards|
|Phase-III: Psychometric Test||February/March 2023|
|Interviews and Group Exercises||February/March 2023|
|declaration of the final result||After March 2023|
|Pre-Examination Training for SC/ST/Religious Minority Community Candidates|
|Download Call Letter for Pre-Exam Training||After the 1st/2nd week of November 2022|
|pre-examination training||November 2022/December 2022|
SBI PO 2022 Vacancies
SBI PO 2022 Job Profile
Roles and Responsibilities of Probationary Officers (PO):
(i) Providing customer service, assistance in opening a new account, issue of ATM cards, deposits, checkbooks, loans, etc.
(ii) Bring in new leads, and promote the products of the bank like credit cards, mutual funds, fixed deposits, insurance policies, etc.
(iii) Manage cash and clerical activities in the event of cashier’s absence or excessive movement on the bank premises. Receive training for transaction software.
(iv) Responsible for clearing payments in case of discrepancies in the customer’s account. Bank PO has the right to make payment by cheque, NEFT/RTGS, or DD for excess of a certain amount.
(v) Maintaining bank records, preparation of reports including bookkeeping, withdrawals, deposits, etc.
(vi) Maintaining official communication channels between customers and other departments of the Bank, responding to emails relating to customer queries, or providing any information to other departments.
SBI PO Salary 2022
At present, the starting basic pay is 41,960/- (with 4 advance increments) On the scale of 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to Junior Management Grade Scale-I.
This means a person posted as an SBI PO will get a principal of Rs 36,000 with an increment of Rs 1490 for the next 7 years, followed by a principal of Rs 46,430 with an annual increment of Rs 1740 for the next 2 years. The maximum salary for SBI PO is Rs 63,840.
The salary in hand for SBI PO is Rs 52,000 to Rs 55,000 per month and the basic salary is Rs 41,960/-.
SBI PO 2022 application is open from 22 September to 12 October 2022 for 1673 vacancies of Probationary Officer (PO).
SBI PO Allowances
SBI PO will also be eligible for DA, HRA/Lease Rental, CCA, Medical, and other allowances and perquisites as per rules in force from time to time.
|SBI PO Salary Allowance|
|dearness allowance||26% of basic pay|
|City compensatory allowance||3% – 4% depending on location|
|house rent allowance||7% – 9% depending on the place of posting|
|furniture allowance||Rupee. 1,20,000|
|medical insurance||100% Cover for Employees | 75% cover for dependent family|
|Travel allowance||AC 2-Tier fare is reimbursed to the employee for official travel|
|petrol allowance||Rupee. 1,100 – 1,250|
|Newspaper allowance, entertainment allowance, book allowance, etc.||different by category|
SBI PO Probationary Period
Joining, Training, Career Path
Selected candidates will be provided with basic banking knowledge through an online course which they will complete before joining. Selected candidates will, at the time of joining, execute a bond to the value of 2.00 Lakhs (Two Lakhs only) to serve the Bank for a period of at least three years. If the candidate resigns from the service of the Bank before the expiry of three years from the date of joining, the bond will be enforced by the Bank.
The bank offers immense opportunities for career growth including opportunities for posting abroad. The attractive promotion policy of the Bank provides an opportunity for meritorious and exceptionally meritorious executives to rise to the top management grade in a reasonable time.
SBI PO Promotion
Upon joining, selected candidates will be designated as ‘Probationary Officers’ and may be on probation for 2 years. During the period of probation, they will be continuously evaluated as per the extant policy of the Bank. Those candidates who qualify for the assessment in accordance with the standards prescribed by the Bank from time to time will be confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
After completing the probation period of 2 years, the SBI PO promotion hierarchy is as follows:
- Assistant Manager
- deputy manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- general manager
- Chief General Manager
- Deputy Managing Director
- Managing Director