SBI Salary 2021: State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. With diverse business outfits that SBI operates in, State Bank of India provides abundant career scope and exposure to its employees in the areas of Agricultural Banking, Credit Rating, Marketing, Cross Selling, Forex, and Treasury, etc. After probation, SBI POs command a high market value in the banking industry. State Bank of India offers salaries and remunerations that are at least 14% more than the industry standards. It is the biggest of all public and private sector banks in India both in terms of assets and office network. Pay Scale information helps employers and their employees understand the right pay for every position.
SBI offers an excellent career to its employees in the post of Bank Clerks, Probationary Officer, Chief Manager, Deputy Manager, etc. In this article, we are going to discuss more on SBI salary in hand facilities, allowances, grade pay, salary after probation period, and 7th pay commission, etc, So go through the complete article and know about the SBI Salary and Benefits in a detailed manner
SBI Salary 2021: An Overview
Lowest and Highest Gross Salaries for each position
|Assistant Manager||Rs. 29649-277143|
|Assistant General Manager||Rs. 55070 -307372|
|Chief General Manager||Rs. 151939-409067|
|Chief Manager||Rs. 75560-270474|
|Deputy Manager||Rs. 45450-193668|
|Deputy Managing Director||Rs. 200373-216962|
|Dy General Manager||Rs. 101360-358769|
|General Manager||Rs. 127688-290908|
|Management Executive||Rs. 59395-63151|
|Probationary Officer||Rs. 27856-64262|
|Trainee Officer||Rs. 31167-89784|
SBI Salary 2021: State Bank of India Salary and Benefits in Detail
State Bank of India offers several benefits to their customers. These benefits are listed below:
SBI Salary 2021: Housing
The compensation includes housing rent allowance or leased rental accommodation where the employees get housing rent as a part of their package. This becomes more prominent as the employee moves up the career ladder. Bank also provides accommodation at certain places for the Clerical Staff.
SBI Salary 2021: Medical Benefits
According to SBIT “The Health and well-being of our employees and their families are important to us and we take care of your medical expenses”. Medical benefits (100% for the employee and 75% for dependent family) form a key component of the overall package. The Bank also provides group insurance over and above the compensation package.
SBI Salary 2021: Leave Policy
You are provided with attractive leave policies, which include 33 days of privilege leave and 12 days of casual leave annually along with sick leave and maternity leave. Women and single men with children or aged parents have the provision to take a sabbatical leave of up to 2 years.
SBI Salary 2021: Travel
The employees get leave travel concession to visit places within India. Holiday homes and Bank’s guest houses are available for the employees at major cities and tourist destinations.
SBI Salary 2021: Other Benefits
As employees, the Bank provides Housing Loan, Car Loan & Personal Loans on the concessionary rate of interest. Also, the bank recognizes and promotes merit by providing scholarships to the meritorious children of all employees. Pension by the bank helps the employee lead a comfortable life post-retirement.
SBI Salary 2021: Related Links
|Practice SBI Clerk Mock Test||Click Here|
|SBI Clerk Salary in Detail||Click Here|
|SBI PO Salary in Detail||Click Here|
We have now provided you with all the details on SBI Salary 2021. So if you want to have challenging and career-centric work opportunities with attractive packages and benefits you can apply for upcoming SBI vacancies. For having better preparation you should focus on the upcoming exam and take an ample amount of mock tests. Taking mock tests, practicing questions and revision will help a lot at this point.
Frequently Asked Questions
|Q. What is the basic pay of an SBI Probationary Officer?|
A. The basic pay of the SBI Probationary Officer is ₹ 27,620/-
|Q. Is the salary of SBI PO higher than that of IBPS PO?|
A. Yes, SBI PO earns more than the IBPS PO.
|Q. Does SBI provides home allowances? |
A. Yes, SBI provides home allowances to its employees
| Q. Does SBI provides medical benefits? |
A. Yes, SBI provides medical benefits to its employees
|Q: What is the starting basic salary of the SBI Clerk?|
A: The starting basic salary of SBI Clerk is Rs.19,900.
We hope this article on SBI Salary 2021 helps you. We wish all the SBI aspirants our very best. For any query regarding SBI Salary, feel free to drop a comment below and we will get back to you.43 Views