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SBI PO Exam 2014: Pay Scale

Apr 7, 2014 17:48 IST

    State Bank of India is all set to conduct Written Examination for PO Recruitment in order to recruit eligible candidates for the Post of Probationary Officer in different SBI Branch. The candidates eligible for the posts can apply on or before 24 April 2014 for the exam that will be conducted in the month of June 2014.

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    PAY: The starting basic pay is 16,900/-(with 4 increments) in the scale of 14500-600/`7-18700-700/2-20100-800/7-25700 applicable to Junior Management Grade Scale I. The official will also be eligible for D.A, H.R.A & C.C.A as per rules in force from time to time. The compensation per annum at Mumbai is around 8,40,000/-. The breakup of’ monthly compensation is as under: Cash Component 34,320/-`Bank's contribution to PF 1,690/-`Housing (Lease Rental) 29,500/-`Perquisites (Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. 4,130/-`

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    In addition, the officers are also entitled to other benefits like –

    • Medical Aid for self (100%) and for family (75%)
    • Home Travel Concession/Leave Fare Concession
    • Concessional Interest Rates for Housing/Car/Personal Loans

    The salary scales are under revision with effect from November 2012

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