Great opportunity to become SBI PO 2020

SBI PO is considered to be one of the most esteemed jobs in India. Every year SBI recruits many employees and a huge number of aspirants run in this race. It is a privilege if one gets a job in SBI.

In this article, you will get to know the advantages of joining SBI as a PO.

·        SBI gives handsome basic salary to a newly joined SBI PO as compare to any other public sector banks because it offers four additional increments.

·        Apart from the salary, there are many incentives and allowances that SBI offers to its employees. These are as follows:

Ø Contributory Provident Fund: The employees in the bank is governed under the Defined Contributory Provident Funds Scheme in which the bank will make contributions to the PF account of an employee and as per the latest data, the monthly contribution from the bank is 10% of basic.

Ø Lease Facility:  The officers are eligible to get a lease accommodation in their place of posting.

Ø Perquisites: The officers in SBI also get various perquisites like newspaper allowance, petrol allowance, entertainment allowance, books and magazine allowance, briefcase allowance, reimbursement of telephone bills etc.

Ø Medical Benefits: The employees in SBI enjoy a medical benefits scheme that is unmatchable in the public sector. There is 100% reimbursement for self-treatment and 75% of the total amount of reimbursement for the treatment of the dependent of the employee. Moreover, the bank has tie-up with some of the best medical facilities around the country and employees are eligible to get cashless treatment in these places.

Ø Home Travel Concession: The officers are eligible for leave travel concession and it can be taken in a period of 2 years or 4 years according to the choice of the employee.

Ø Concessional rate of interest for loans: SBI employees are benefited by getting the loan under the staff scheme at concessional rate of interest for housing loans, car loans, etc.

Ø Furniture Allowance: This benefit is exclusively for officers as the bank provides a one-time grant to the officers for furnishing of residence and also an annual maintenance charges for the same.

Ø Two-year sabbatical to woman staff: Woman employees of SBI can take two-year sabbatical leave for children's care and education.

·        An employee can avail the opportunity to work in diverse functions like Operations, Credit, Investment, Forex, Risk and Audit.

·        It has branches across all over the world. So there are chances of getting foreign postings.

·        There is a possibility of fast career progression and the opportunity to reach Chairman Level.

·        Employee gets exposure to various facets that make you a real banker.

·        It has a professional work environment with less of bureaucracy.

In India, SBI is considered as a brand that provides its employees with a lot of respect in society. It is the most sought job among youth which guarantees a secure future. It provides ample opportunities to get the feel of a successful person.

A lucrative chance is waiting for you, go and catch it.

Also, students are advised to go through the previous year’s paper, and  attempt SBI PO Video Course from MakeMyExam to make a grip in cracking the examination.

NOW it is time to do what’s best for you.

Good Luck!!!

Author Bio: Above content is published from IBT Chandigarh: Best Institute for Bank Coaching in Chandigarh