IBPS PO Salary slip 7th pay commission after 2 years 5 promotion

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SBI, PNB, HDFC PO Salary Details:

SBI PO is most sought after job after RBI. Well definitely, SBI PO 2018 is going to change the life of some aspirants. In terms of Social Status and Financial Status, SBI is going to give you an identity that anyone would like to have. We have received thousands of mail and queries regarding the salary of SBI PO. Well, the salary of SBI PO is more than the salary of other banks PO. In terms of various perks, SBI enables its employees with more financial stability.

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This post is dedicated to the salary components and growth path in SBI. Before we discuss the exact salary structure of SBI PO, we would like to share one more fact that it differs from place to place. The basic components remain the same, but allowances are different for different cities. Now let us discuss the salary structure of SBI PO who will be joining the bank by the end of 2018.

The basic salary of SBI PO mentioned in Official Notification is Rs. 23700. But the SBI Probationary Officer gets 4 advance increments of Rs 980 which will be added to the basic. Now the basic that we get in total is Rs. 27620.

Earnings: (comments for correction)

Basic Salary = Rs. 27620
Dearness Allowance = Rs. 12677
City Compensatory Allowance (CCA) = Rs. 870
Special Allowance = Rs. 2140
Total Earning Before Deductions = Rs. 43307

Deductions:

PF (10% of Basic) = Rs. 2762
NPS (10% of Basic+DA) = Rs. 4000
Income Tax = As per govt norms.

Other allowances including Newspapers, Entertainment Allowance, Conveyance etc.) = Rs. 4130
HRA = Rs. 2486

Salary In Hand = Rs 40000 Per Month (Approx.) 

IBPS PO Salary details 2018 IBPS PO Salary slip 7th pay

Basic Pay 23700.00
Special Allowance 1836.75
DA 10163.63
CCA 870 
Transport Allowance – 
Total (without HRA) 36570.38
HRA  2133.00
Gross with HRA 38703.38
Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500
Gross Annual CTC (with HRA but without leased accommodation) 5,57,640.52
IBPS PO Salary slip 7th pay commission after 2 years 5 promotion
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