Monday, 9 May 2016

[Revised] SBI PO On Hand Salary -

with 0 Comment - SBI PO On Hand Salary Per month and year. Here is the much discussed topic about SBI PO Recruitment 2016 is Per month salary of SBI PO. Do check out Basic pay, Dearness Allowance, CCA, Special Allowance, HRA, Medical Aid and other benefits per month.

[Revised] SBI PO On Hand Salary -

SBI PO On Hand Salary
As per the updated salary scale, there is quite big jump in Salary of SBI PO. As per the SBI PO 2016 notification, SBI PO will get Rs.27,620 of basic pay with 4 advance increment. (Not only for SBI PO, but IBPS PO, Clerk and all other post of Indian Bankers will get super hike in salary as meeting between government and Indian bankers association already started).

Salary Scale of SBI PO (As per 2016 notification)

As per the 2016 SBI PO notification, SBI PO salary scale is as mentioned below;

As we discussed above, SBI PO will get Rs.27,620 of basic pay in salary that too with 4 advance increment.

So, lets try to calculate the on hand salary of SBI PO per month and year.

Post Name :- Probationary officer

Grade :- Junior Management Grade Scale 1

Other benefits of Salary per month :- As per the notification, candidates are eligible to get Dearness allowance, HRA (House Rent Allowance)/Lease rental, CCA, Medical Aid and all other allowance.

So, how much DA, HRA and CCA is given to SBI PO?

As per the rules;
  • Dearness Allowance :- Revised DA of 2015-16 is 46 % of Basic Pay
  • CCA :- CCA is City Compensatory Allowance which can be very from 4% to 3% to 0%. It is very from city to city where you get placed.
  • Special Allowance :- 7.75% of Basic Pay.
  • HRA :- HRA is again depends on the city you placed but it can be 9% to 8% 7%.
  • Traveling allowance :- Fixed Travel allowance.
  • Accommodation :-  As per the rules, officer will get Rs.8000-29,500 for HRA.
  • Medical Aid :- 100% for self and 75% for family.
  • Provident Fund :- -10% of basic pay.
  • NPS:- 10% of Gross Salary.

SBI PO On hand salary per month

  • Basic Pay :- Rs.27,620
  • DA :- 12,705/-
  • Special Allowance :- Rs.2140/-
  • CCA :- Rs.900/-
  • HRA :- Rs.8000/-
  • Medical Aid :- Unlimited
  • Other Allowance (Entertainment, Newspaper, Petrol, Telephone, other) :- Rs.4500/-
Total On hand Salary Per month :- Rs. 62000/- per month (approx)

Note :- As mentioned, salary includes HRA and CCA which can be very from city to city (as per the rules you can get HRA up to rs.30k) too.

The total compensation per annum would be a minimum of Rs.7.55 lacs and maximum of Rs.12.93 lacs depending on place of posting and other factors.

So, SBI PO candidates can get Rs.60000 to Rs.1 Lac per month of salary.

If you have not applied for SBI PO yet, Do apply now, its a golden chance to Get Rs.1 lac per month salary.Or you can also check Upcoming Bank Jobs.


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