Does SBI provide accommodation for employees?

If you are posted at a major centre, you will get a good apartment owned by SBI. At other places, SBI pays you the rent of 7-9\% (depending on the location) of your salary as the house rent allowance, which you may use to hire a suitable accommodation.

Does SBI PO get salary during probation period?

Ans. The starting SBI PO salary is Rs. 41,960/- (basic pay) which is followed by four increments. The pay scale of a Probationary Officer/ Management Trainee is 36000-1490/7-46430-1740/2-49910-1990/7-63840.

What happens after probation period in SBI PO?

During the period of probation, specialized training is also given to the employees. After the probation period, SBI PO needs to undergo a screening procedure, qualifying which he/she will be confirmed as Officer Middle Management Grade Scale-II.

Does IBPS PO get furniture allowance?

IBPS PO Allowances Dearness Allowance- Officer will get 46.9\% of the basic pay. Furniture maintenance allowance – 11 thousand If you taken at least 1/3rd of furniture allowance.

Does SBI provide leased accommodation?

SBI provides accommodation to all its officers. Where a bank does not have enough houses/ flats of its own, it provides leased accommodation or gives a house rent allowance. You are eligible from the very first day of joining. There is no criteria for minimum service period to avail accommodation facility.

What is the salary of Bank PO during probation period?

The initial in-hand salary package offered to an IBPS Probationary Officer is Rs. 52,000 to 55,000 with dearness allowances, special allowances, HRA, and other perks. The IBPS PO Gross Salary is around Rs. 57,000 and after a deduction, the net in hand salary remains around Rs.

What happens after probation period in bank?

After the probation period is successfully completed, the employee can be posted in any branch of the bank as an assistant bank manager. They have to now manage daily customer transactions like passing a cheque, draft issuance, etc.

What is the probation period in bank?

You should know that a bank probationary officer post is the entry level position at which a bank officer starts work after posting. Typically, a bank PO undergoes a 2 year probation period or training and then gets the post of Assistant Manager on joining a branch.

What is the salary of a SBI PO?

SBI PO Salary Structure

SBI PO Salary Structure in India
Basic Pay	Rs. 41,960
Gross Salary	Rs. 65,780
Deduction (PF/Income Tax/Professional Tax/Pension)	Rs. 12,960
Net Salary	Rs. 52,820

When does a company have to give an employee probation?

The first three (3) consecutive months of the Employee ’s employment under this Agreement are agreed to constitute a period of probation during which the Company shall have the opportunity to assess the suitability of the Employee’s performance and conduct (the “Probation Period”).

How long is the probationary period for a line item position?

All new appointments in line – item positions in the classified service shall be subject to a probationary period of one year. Promotions or transfers to line-item positions within the general unit in the classified service shall be subject to a probationary period of six months.

What is a probation period and how does it work?

What is a probation period? A probation period is the period of time at the start of an employment when an employee may be dismissed with little or no notice if they’re found to be unsuitable for the role. It’s very normal to include probation periods – typically three months in length – within any new employment contract.

What is the procedure for SBI PO after probation period?

During the period of probation, specialized training is also given to the employees. After the probation period, SBI PO needs to undergo a screening procedure, qualifying which he/she will be confirmed as Officer Middle Management Grade Scale-II.