IBPS PO vs SBI PO Salary Difference: Dear Readers, many of you have the questions which is best either IBPS PO or SBI PO? More or less the job profile and responsibilities are same. But in salary some differences are there so candidates have to analyze the IBPS PO and SBI PO salary difference. For that we have provided IBPS PO vs SBI PO salary and selection process details for your reference.
SBI PO vs IBPS PO salary structure:
| IBPS PO Salary Details | SBI PO Salary Details |
| Basic Pay – Rs. Rs. 23, 700 | Basic Pay Rs – Rs.27,620/-. |
| Pay Band – Rs. 23700– 980/7 – 30560- 1145/2 – 32850- 1310/7 – 42020 | Pay Band – Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 |
| Other Allowances are there | Higher beneficiary allowances are there |
Even though the pay band is same, the SBI PO having more basic pay than IBPS PO because of other allowances like DA, HRA, CCA, Medical Allowances. Job location itself gives the changes in salary. Here we give complete details about the SBI PO and IBPS PO salary details.
SBI PO Salary Details:
Including all the benefits, SBI PO employee will receive minimum of Rs.8.20 Lakhs to maximum of Rs.13.08 Lakhs as annual income depends on the posting area for Officer Scale 1 employees.
List of Remuneration and Benefits:
- Basic Salary in hand- Rs.27,620/-.
- Pay Scale –23700-980/7-30560-1145/2-32850-1310/7-42020.
- Dearness Allowance (DA) – 46.9% of Basic Pay
- City Compensatory Allowance (C.A) – 3 to 4% of Basic Pay (Depends on Posting Area)
- House Rent Allowance (HRA) – 7 to 9& of Basic Pay (Depends on Posting Area)
- Medical Allowance – For Employees100% claim is applicable, for family members 75% claim is applicable.
- Monthly Benefits – Up to Rs.5000 (like petrol, books and magazines, Phone Bill and other allowances)
IBPS PO Salary Details:
IBPS PO Starting Salary – Rs. 23, 700
IBPS PO Basic Salary after 7 years – Rs. 23, 700 + (980*7) = Rs. 30, 560
IBPS PO Basic Salary after 7 + 2 years – Rs. 30, 560 + (1145*2) = Rs. 32, 850
IBPS PO Basic Salary after 7 + 2 + 7 years – Rs. 32, 850 + (1310 * 7) = Rs. 42020
For IBPS PO other allowances like HRA, CCA, and medical allowances are not exactly given because it will change over the job location. For metropolitan cities the benefits are same as SBI PO other allowances.
We hope the above mentioned details will provide you the clear idea about difference between IBPS PO and SBI PO salary. Based on this IBPS PO vsSBI PO salary analysis, in well-developed cities the IBPS PO and SBI PO salary may be same. But in rural job locations the IBPS POand SBI PO salary difference will be there. Based on the Bank itself the other allowances are fixed. So candidates have to enquiry the salary details for particular job location for IBPS PO.
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