Best SBI PO Exam Coaching

Because of the Universal appearance in various types of outfits and dimensions of banking, the Job profile of the Probationary Officer in SBI is slightly different from other Public Sector Banks.

Basic SBI PO Job Profile involves Banking, Administrative Tasks, and any other tasks conferred by the bank from time to time.

Candidate joining as a PO in SBI will undergo rigorous training for 2 years called as a probation period. During the period you will be asked to perform bank related clerical/assistant activities. This is to make you familiar with the working procedure of the bank.

You will also be trained in various disciplines like finance, accounting, marketing, billing as well as investment. This is done by entrusting you with jobs of various categories. The aim is to instill practical knowledge.

Probationary Officer needs to handle customer complaints and address various customer related issues. Matters such as discrepancies in accounts, rectification of undue charges and looking into complaints regarding services provided by the bank.

The work of an SBI PO also includes managerial tasks, such as supervision of clerical work, making decisions for the benefit of the bank, and managing cash balance.

The SBI PO Job Profile includes verification of all the work done by bank clerks. SBI follows the maker & checker system. In cash transactions, the clerk is the maker and PO is the checker and the responsibility of losses resides with the checker.

A PO in SBI should be aware of all the latest developments of the bank. They are required to read all the circulars and should know about all the decisions taken by the bank management.

The SBI PO job profile includes the issue of ATM cards, cheque, and demand drafts.

Once you, the Probationary Officer, get acclimatized to the bank environment and gain enough experience on bank’s working procedures, based on your personal skills and aptitude, you can be assigned more responsible work. Tasks like planning, budgeting, marketing, loan processing & approval, and investment management.

A candidate joining as a Probationary Officer (Junior Management Grade Scale-I) in SBI could earn up to Rs. 43000 per month approx. This includes Rs. 27000 (approx.) Basic Pay and dearness allowances, CCA (City Compensatory Allowance), and Special Allowances. Anyway, the salary of the SBI PO could vary between Rs. 41000 to Rs. 44000 based on the place of posting.

The official will also be eligible for D.A, H.R.A/ Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time.

Basic Pay: Rs. 27620.00

Dearness Allowance (DA): It will lie between 30 to 50% of the Basic Pay. In Banks, DA is revised quarterly and is based on the CPI data as revealed by Government of India.

CCA: This is paid @ 4%, 3% or 0% depending on the place of posting.

Special Allowance: For officers, it is paid @ a rate of 7.75%

Apart from this, here are a few additional perks

1. Leased accommodation ranges from Rs. 8,000/- to Rs 29,500/-.

2. Home Travel Concession/ Leave Fare Concession.

3. Medical Aid for self (100%) and for family (75%).

The total compensation per annum on CTC basis be a minimum of 8.20 lacs and maximum of 13.08 lacs depending on the place of posting and other factors.

SBI offers immense growth opportunities. Promotion cycle in SBI is very fast, one can expect his/her promotion in every 3 to 4 years.

By getting promotions one can even reach up to the level of chairman of the group. Perfect example for this would be the former Chairperson of the SBI, Mrs. Arundhati Bhattacharya started her career as an SBI PO in 1977.

SBI PO Promotion Cycle:

1. Probationary Officer (Assistant Manager, JMGS – I)

2. Deputy Manager (MMGS)

3. Manager (MMGS)

4. Chief Manager (MMGS)

5. Assistant General Manager (SMGS)

6. Deputy General Manager (TEGS)

7. Chief General Manager (TEGS)

8. General Manager (TEGS)

The promotion policy of SBI provides an opportunity to the meritorious and exceptionally brilliant officers to reach the Top Management Grade in a reasonably quick time.

SBI also offers Foreign postings to selected officers based on their performances. It has over 190 foreign offices in 36 different countries.