If you are dreaming of making a career in the banking sector, then the job of Probationary Officer (PO) in State Bank of India (SBI) can be a great opportunity for you. Not only is it a prestigious post, but the salary, allowances, and promotion opportunities available in it also make it the first choice of the youth.

Now that the discussion of the 8th Pay Commission is in full swing from the Central Government, it is very important to know how much the salary of SBI PO can increase after the implementation of this commission.

What is the current salary of SBI PO?

At present, the Probationary Officer in SBI is given a basic salary of Rs 41,960. Along with this, the total in-hand salary is around Rs 52,000 to Rs 55,000 per month by adding Dearness Allowance (DA), House Rent Allowance (HRA), Special Allowance and other allowances. Apart from this, bank employees also get facilities like medical, travel, leave encashment and pension.

What is the fitment factor?

The fitment factor is the coefficient, which is multiplied with the existing basic pay to decide the new salary. In the 7th Pay Commission, this factor was kept at 2.57, due to which the minimum salary increased from Rs 7,000 to Rs 18,000.

How much can the salary increase from the 8th Pay Commission?

If the fitment factor is made 2.86 in the 8th Pay Commission, then there can be a tremendous increase in the salary of SBI PO. According to reports, after this change, the in-hand salary of SBI PO can reach from Rs 70,000 to Rs 75,000 per month.

If the fitment factor is made 2.86 in the 8th Pay Commission, then the salary of SBI PO can also increase tremendously. According to reports, after this change, the in-hand salary of SBI PO can reach from Rs 70,000 to Rs 75,000 per month.