SBI PO Career Path

 

Hello, Aspirants. Welcome to Ixambee.
Every year state bank of India comes up with around 2000 vacancies in SBI PO job profile. So today we are going to discuss and clear the air about SBI PO bank exam in detail.
SBI: THE BRAND
SBI PO and IBPS PO are both the most sought after job profiles in the banking sector. SBI is a bigger Brand name as it is the largest bank in India and has its own exam every year. With the bigger brand name comes a decent salary package, professional work environment, better promotion policy and social status.
SBI PO: CAREER PATH
Initially, An SBI Probationary officer is designated as Junior Management Grade-1 Officer.He/ she has to go through a probation period of 2 years. After successful completion of training, candidates have to go through the screening process at various levels and follow a career path as described below that begins from Middle management scale II i.e. Manager.

The career path for SBI PO -
Junior Management Grade – Scale I: Officer i.e. PO
Middle Management Grade – Scale II: Manager
Middle Management Grade – Scale III: Senior Manager
Senior Management Grade – Scale IV: Chief Manager
Senior Management Grade Scale V: Assistant General Manager
Top Management Grade Scale VI: Deputy General Manager
Top Management Grade Scale VII: General Manager
Executive Director (ED)
Chairman and Managing Director (CMD)

1. Probationary Officer normally gets promotion very fast. There are normally two types of entry level jobs in the banks, which are clerk and officer.
2. There are normally three types of Officers in the bank, those who got promotion from clerical cadre, Specialist Cadre Officers and those who joined as Probationary Officers.
3. For Probationary Officers, as far as career progression is concerned, Sky is the limit.Almost All the chairman of State Bank of India and its associate banks had started their careers as a Probationary Officer only.


SBI PO: JOB PROFILE

Being the largest bank and with the most number of branches, sbi provides an excellent opportunity towards serving the vastest and diverse class of customers. Initially, you get to work in either general banking officer
or as a credit officer. these profiles handle work as described below:
General Banking Officer A Credit Officer
? Provide customer support
? Handles cash payments
? Handle customer accounts
? Enrich banking services
? Authorize account opening
? Handle official communication matters ? Loan authorization
? Loan disbursal
? Restrict NPAs
? Handle customer accounts
? Loan /credit management

SALARY AND PERKS:

SBI provides an overall compensation salary of up to 12 lakhs per annum
The revised basic pay of SBI PO from 1st January 2016 is–
23700 – (980 x 7) – 30560 – (1145 x 2) – 32850 – (1310 x 7) – 42020

WHERE Rs. 23700 is the revised basic pay and Rs. 980 is the annual increment that a Bank PO will get and it will be applicable for a period of 7 years.
HOWEVER, Probationary Officers in SBI are paid 4 extra Increments at the time of joining and this creates a difference between any PSB and an SBI PO.
Besides PO is entitled to Allowances ranging from housing, furniture, book grant to almost everything.

 


Few are listed below:


.
Hence considering HR into account, for SBI PO, salary goes around 45,000 per month.

* HRA depends on place of posting, so salary may vary
*Since it depends on CPI, DA can go up with higher Inflation and vice versa

Also, Other PERKS provided are –
• `Medical Aid for self (100%) and for family (75%)
• Home Travel Concession/Leave Fare Concession
• Concessional Interest Rates for Housing/Car/Personal Loans
• Tax and PPF
• Entertainment, Tea, and Coffee
• Leased Accommodation: This is available in place of HRA, where the bank provides you with the option of lease housing where you can.This option is not available for cash reimbursement. Rent will be directly paid to the owner.This varies from rs.8000 in 'C 'group cities to rs.29500 in cities like Mumbai.
WORK PRESSURE:
POSTING :
Also, Since sbi the largest bank in terms of the number of branches, get ready to be posted anywhere, in any corner of the country.