What is SBI PO Salary?

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What is SBI PO Salary?

What is SBI PO Salary?

In SBI there is additionally different fringe benefit like, Newspaper stipend, Petrol remittance, Entertainment alimony, Servant stipend, Traveling recompense, Medical assistance and so on will be given in the scope of 6,000 to 8,000 depending on the place of posting.

Basic structure of  SBI PO is as follows:

Basic Pay

27620.00

331440.00

Special Allowance

2072.00

24864.00

DA

10817.00

141809.00

CCA

870.00

10440.00

Transport allowance

0.00

0.00

Total without HRA

41379.00

HRA

2500.00

30000.00

Gross with HRA

43879.00

Medical aid

unlimited

unlimited

Entertainment

500.00

6000.00

Newspaper

300.00

3600.00

Petrol

3000.00

36000.00

Telephone

400.00

4800.00

Others

400.00

4800.00

Gross Annual CTC (with HRA but without leased accommodation)

593753.00

 

What is Dearness Allowance (DA) ?

DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India.

 

Want to know what is the DA of SBI PO, and then here it is 46% of the Basic.

The new reexamined current DA (for the time of November 2015, December 2015 and January 2016 is 39.80 % of the Basic Pay).  DA can go up with higher inflation and also come down if the inflation rate is in negative.

 

What is House Rent Allowance (HRA) ?

Salaried people who live in a leased house can assert House Rent Allowance or HRA to bring down charges. The remittance is for costs identified with leased convenience. In the event that you don't live in a leased accommodation, this recompense is completely taxable.. A piece of HRA gets exempted under Section 10 (13A) of the Income-charge Act.

 

What much SBI PO gets as HRA ?

HRA ranges from 7.50% to 15% of the basic salary depending upon the location of the posting.

 

What is Capital Cost Allowance (CCA) ?

A capital cost allowance (CCA) is a yearly finding or devaluation that can be guaranteed for money impose purposes on the cost of specific belongings. CCA is generally calculated based on the declining balance method.

 

How much SBI PO gets as Capital Cost Allowance (CCA)?

Depends on the place of posting and can be either 4%(maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%.

 

SBI PO can buy Furniture for how much ?

Probationary Officers are likewise entitled for acquiring Furniture and Fixtures of Rs. 90000.00 for their home. The bank likewise pays yearly maintenance perks of Rs. 10000.00 for the support of Furniture acquired by the Probationary Officer.

 

What is the Medical benefits SBI PO can avail?

Medical reimbursement in SBI PO is quite tempting.  Medical Aid for self is 100% and for the family is 75% it implies that 100% of your doctor's visit expenses will be repaid by the bank for you and 75% for your relatives, subject to the bank standards.

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