In the Indian banking industry, the State Bank of India (SBI) is a giant. The nation’s largest public sector bank, with a vast branch network and a devoted clientele SBI Manager Salary Per Month, was founded more than 200 years ago. SBI provides a wide range of financial services and products to the public, private, and corporate sectors. Focusing heavily on innovation and customer centricity, SBI remains a prominent force in defining the financial landscape of India.
- Factors Affecting SBI Manager Salary Per Month
- SBI Manager Salary Per Month Structure
- Breakdown of SBI Manager Salary Per Month Components
- Performance-Based Intensives and Bonuses
- Promotions and Progression for SBI Manger Salary Per Month
- Deductions from SBI Branch Manager Salary
- SBI Clerk Salary in India
- Comparison of SBI Branch Manager Salary with Other Banks
- Regional Disparities in SBI Manager Salary Per Month
- Additional Benefits and Perks
- Medical Benefits in SBI Manager Salary Per Month
- Provident Fund (PF) and Pension in SBI Manager Salary Per Month
- Gratuity in SBI Manager Salary Per Month
- Income Tax Deductions in SBI Manager Salary Per Month
- Comparison with Other Banking Positions
- Perquisites and Benefits
- Performance-Based Incentives
- Pension and Retirement Benefits
- Comparison with Other Banks
- Gross Salary Calculation
- Conclusion
- FAQ’s (Frequently Asked Questions)
Factors Affecting SBI Manager Salary Per Month
The following variables may have an impact on an SBI manager salary Per Month:
- Experience: As with most occupations, this is a key component. Managers with greater experience generally command higher wages because of their leadership abilities, knowledge base, and capacity to manage challenging situations.
- Location: The cost of living in India varies greatly. To offset a greater cost of living, SBI managers in large cities like Delhi or Mumbai can anticipate earning more money than those in smaller towns.
- Branch Performance: A manager’s pay may be impacted by the success of the particular branch they are in charge of. Bonuses or incentives may be awarded to managers who continuously reach or surpass goals for loan disbursement, deposit growth, and other important metrics SBI Manager Salary Per Month.
- Bank’s Overall Performance: Manager compensation may be impacted by SBI’s own financial situation. Better remuneration packages for managers may result from the bank’s robust profitability. On the other hand, less profitable times may result in more gradual wage increases.
- Role and Designation: SBI management is organised in a hierarchical manner. Given their higher level of responsibility and the broader nature of their position, chief managers, for instance, typically get more money than standard branch managers.
SBI Manager Salary Per Month Structure
| Designation | Years of Experience (Approx.) | Monthly Gross Salary (₹) |
|---|---|---|
Manager (MMGS-III) | 6-9 | 55,000 – 65,000 |
Chief Manager (SMGS-IV) | 9-12 | 60,000 – 70,000 |
Senior Manager (SMGS-V) | 12-15 | 65,000 – 75,000 |
Assistant General Manager (SMGS-VI) | 15+ | 70,000 – 85,000 |
Observations:
- SBI’s pay scales are represented as MMGS and SMGS.
- The anticipated gross monthly salary ranges are shown in this table SBI Manager Salary Per Month. Actual pay may differ based on a number of variables, including individual negotiations, performance, and location.
- SBI managers’ remuneration packages usually include extra benefits including pension plans, health insurance, and allowances.
Breakdown of SBI Manager Salary Per Month Components
| Component | Description | Example |
|---|---|---|
Basic Salary | The fixed monthly amount paid based on the designated pay scale (MMGS-III, MMGS-IV etc.) | ₹ 55,000 (for a Manager with 6 years experience) |
Dearness Allowance (DA) | An allowance to adjust for cost-of-living inflation. It is a percentage of the basic salary. | Let’s assume DA is 20% – ₹ (55,000 * 20%) = ₹ 11,000 |
City Compensatory Allowance (CCA) | Allowance to compensate for higher living expenses in metro cities and major towns. | Varies depending on city tier (Tier-1 city CCA would be higher than Tier-2) |
Leased House Accommodation (LHA) | Bank pays a portion of the rent for leased accommodation secured by the manager. | Depends on city and type of accommodation |
Other Allowances | May include transport allowance, medical allowance, furniture allowance etc. | Can vary |
Performance Linked Incentives | Bonuses awarded for exceeding targets or achieving specific goals. | Varies based on individual and branch performance |
Total Salary = Basic Salary + DA + CCA + LHA + Other Allowances + Performance Linked Incentives
Note: This table offers a broad summary. The particular allowances, their values, and the requirements for qualifying could change according on SBI Manager Salary Per Month regulations and unique situations.
SBI SO Salary
| SBI Salary SO | |
| SBI SO GradeS | SBI SO Pay Scale |
| Junior Management Grade Scale I (JMGS I) | 23700-980/7-30560-1145/2-32850-1310/7-42020 |
| Middle Management Grade Scale II (MMGS II) | 31705-1145/1-32850-1310/10-45950 |
| Middle Management Grade Scale III (MMGS III) | 42020-1310/5-48570-1460/2-51490 |
| Senior Management Grade Scale IV (SMGS-IV) | 50030-1460/4-55870-1650/2-59170 |
Extra Benefits:
Like SBI POs, SBI SOs benefit from the following, which helps to ensure a safe and rewarding career:
- Health insurance: Protection against medical costs for you and your family members.
- Provident Fund: Makes a contribution to your funds for retirement.
- Earned time off for holidays, illness, and other purposes is referred to as leaves.
- Work security: Consistency and long-term professional opportunities in the banking industry.
- Growth Potential: Throughout your career, there will be chances for promotions and higher pay scales.
Recall:
- After deducting social security and taxes, the SBI Manager Salary Per Month will be marginally less than the gross wage.
All things considered, the SBI SO program provides a competitive salary package that takes your expertise and credentials into account. The basic pay, benefits, and allowances make it a desirable career choice in the banking industry.
Performance-Based Incentives and Bonuses
| Incentive/Bonus Type | Description | Eligibility | Frequency | Factors Affecting Award |
|---|---|---|---|---|
| Annual Performance Bonus | Cash bonus based on overall bank and individual performance | All SBI employees (POs, SOs, Clerks) | Annual | * Individual performance against set targets (sales, customer satisfaction etc.) * Branch or department performance in achieving goals * Overall bank profitability |
| Performance-Linked Incentives (PLIs) | Scheme linked to specific achievements beyond targets | Varies depending on role and department (More common for SOs) | Varies (Quarterly, Biannually) | * Exceeding sales targets significantly * Exceptional customer service ratings * Innovative solutions or process improvements * Recovering bad loans (for relevant roles) |
| Special Allowances | Temporary allowances for challenging assignments | Varies depending on role and situation (Less common) | Varies (Project duration, specific task) | * Working in remote locations * Handling high-risk projects * Special task forces or committees |
| Cash Awards & Recognition Programs | Public recognition and monetary rewards for outstanding achievements | All SBI employees (POs, SOs, Clerks) | Occasional | * Acts of bravery or going beyond the call of duty * Significant contributions to a successful project * Exceptional customer service leading to positive publicity |
Extra Information
- Performance-based bonuses and incentives are contingent upon meeting predetermined goals and departmental/bank performance; they are not assured.
- Within SBI Manager Salary Per Month, the specific requirements for these awards can differ greatly between divisions and job titles.
- It’s crucial to check official SBI HR policy or speak with your particular department for the most recent details on the incentives and bonuses that are appropriate for your position.
Deductions from SBI Branch Manager Salary
Provident Fund (PF), Professional Tax, and Income Tax
An SBI Branch Manager`s earnings consists of numerous obligatory deductions. The Provident Fund (PF) is a good sized deduction, with 12% of the fundamental earnings contributed with the aid of using each the worker and the employer, which guarantees a steady retirement fund. Professional Tax, a state-precise levy, is likewise deducted monthly, normally ranging from ₹two hundred to ₹2,500 annually, relying at the state. Income tax is deducted at source (TDS) primarily based totally at the relevant tax slabs after thinking about eligible exemptions and deductions.
Other Standard Deductions
In addition to PF and taxes, different deductions may also consist of contributions to the Employee Pension Scheme (EPS), that’s a part of the PF, medical health insurance premiums, and any mortgage payments without delay connected to the earnings account. These deductions together lessen the gross earnings however are crucial for long-time period monetary balance and compliance with statutory requirements, in the end figuring out the in-hand earnings of the SBI Branch Manager.
Promotions and Salary Progression for SBI Manager Salary Per Month
| Rank | Years of Experience (Approx.) | Basic Salary Scale (₹) | Allowances | Estimated Gross Monthly Salary (₹) |
|---|---|---|---|---|
| Probationary Officer (PO) / Assistant Manager (JMGS-I) | 2 (Probation) | 36000-1490/7-46430 | Dearness Allowance (DA), House Rent Allowance (HRA), Transport Allowance (TA) | 42,000 – 52,000 |
| Assistant Manager (MMGS-I) | 2-4 | 36000-1490/7-46430 | DA, HRA, TA | 45,000 – 55,000 |
| Deputy Manager (MMGS-II) | 4-6 | 31,705-1145/1-32,850-1310/10-45,950 | DA, HRA, TA | 50,000 – 60,000 |
| Manager (MMGS-III) | 6-9 | 42,020-1310/5-48,570-1460/2-51,490 | DA, HRA, TA | 55,000 – 65,000 |
| Chief Manager (SMGS-IV) | 9-12 | 50,030-1460/4-55,870-1650/2-59,170 | DA, HRA, TA | 60,000 – 70,000 |
| Senior Manager (SMGS-V) | 12-15 | 53,690-1590/3-62,800 | DA, HRA, TA | 65,000 – 75,000 |
| Assistant General Manager (SMGS-VI) | 15+ | 60,000-1800/6-84,000 | DA, HRA, TA | 70,000 – 85,000 |
Observations:
- This table is meant to serve as a general reference only and may not accurately depict the pay scale for all SBI Bank Managers. A branch manager’s exact function, location allowances, and year of starting can all have an impact on the real income.
- After deducting social security and taxes, the SBI Manager Salary Per Month will be marginally less than the gross wage.
- The Dearness Allowance (DA) is a variable that is subject to change.
- Promotions are contingent on a number of variables, including departmental requirements, vacancies, and performance. Bonuses and incentives based on performance have the potential to raise overall pay even more.
Comparison of SBI Branch Manager Salary with Other Banks
How SBI Compares with Other Public and Private Sector Banks
The income of an SBI Branch Manager is commonly competitive, frequently better than that of department managers in different public zone banks. SBI gives a sturdy repayment package deal that consists of a better primary pay, appealing bonuses, and overall performance-related incentives. In comparison, personal zone banks may also provide barely better base salaries however with more emphasis on overall performance metrics and targets.
Differences in Allowances and Incentives
SBI affords a complete set of allowances, together with House Rent Allowance (HRA), Dearness Allowance (DA), and tour reimbursements, which might be normally extra based and dependable in comparison to personal banks. Private zone banks would possibly provide better bonuses and inventory alternatives however with much less predictable allowances. Additionally, SBI`s retirement advantages, which includes pension schemes and Provident Fund contributions, are frequently extra generous, making it an attractive choice for long-time period activity safety in comparison to personal banks in which retirement advantages may also vary.
Regional Disparities in SBI Manager Salary Per Month
Although SBI Bank Managers’ base pay is determined by a nationwide pay scale, several important factors lead to regional differences in total compensation:
Permissions:
- The House Rent Allowance (HRA) is a major factor in the differences between regions. The HRA of metro areas, such as Delhi or Mumbai, is significantly higher than that of smaller towns. This can have a big effect on an SBI Manager Salary Per Month take-home pay.
- Additional Allowances: Depending on the posting in question, some locations may provide additional allowances. Here are a few instances:
- Allowance for Remote Location: Provided to managers who operate in remote branches with difficult living situations.
Living Expenses:
All around India, the cost of living varies greatly. In a metropolis, a wage that seems adequate in a small town may not be enough to support living expenditures. This imbalance is partially addressed by the HRA, although it may still remain.
Regional Disparity Examples:
- Even though their basic pay is the same, an SBI Manager Salary Per Month in Delhi may receive a greater HRA than a manager in a smaller town because of the higher cost of rent.
- A manager in a large metropolis might not receive the same remote location allowance as an SBI Manager operating in a distant branch.
Additional Benefits and Perks
| Benefit/Perk | Description |
|---|---|
| 1. Medical Benefits | Comprehensive health insurance covering the manager and family, including hospitalization and medical expenses. |
| 2. Travel Allowance | Reimbursement for official travel expenses, including transportation, lodging, and daily allowances. |
| 3. Housing Benefits | House Rent Allowance (HRA) or leased accommodation provided by SBI, depending on the branch location and manager’s preference. |
| 4. Leave Travel Concession (LTC) | Reimbursement of travel expenses for personal vacations as per SBI policy, typically once every 2-4 years. |
| 5. Retirement Benefits | Provident Fund (PF) contributions, Gratuity, and a defined pension scheme ensuring financial security post-retirement. |
| 6. Pension Schemes | SBI offers pension plans to retired employees, providing a steady income stream based on the last drawn salary and years of service. |
| 7. Additional Allowances | Various other allowances such as newspaper allowance, entertainment allowance, and furniture allowance for managing work-life balance. |
Medical Benefits in SBI Manager Salary Per Month
Health Insurance Coverage
SBI gives sizeable medical insurance insurance to its Chief Managers, making sure that they and their households are included towards principal scientific costs. This coverage covers hospitalization, surgeries, and essential treatments. The coverage generally consists of the employee, spouse, based children, and in a few cases, based parents. The insurance is designed to offer economic safety withinside the occasion of great scientific emergencies, decreasing the weight of excessive scientific costs.
Medical Reimbursements
In addition to medical insurance, SBI gives scientific reimbursements for outpatient treatments, which includes physician consultations, diagnostic tests, and prescribed medicines. These reimbursements are problem to positive limits however notably lessen out-of-pocket costs for recurring scientific care. Together, the medical insurance and scientific reimbursements make sure complete scientific protection, making those blessings a important a part of the repayment package deal for SBI Chief Managers.
Provident Fund (PF) and Pension in SBI Manager Salary Per Month
Provident Fund Contributions
The Provident Fund (PF) is a obligatory financial savings scheme wherein each the worker and the business enterprise make contributions 12% of the worker`s fundamental earnings. This contribution accumulates over time, incomes hobby and forming a vast retirement corpus. The PF serves as a monetary protection net, making sure that Chief Managers have full-size financial savings upon retirement.
Pension Scheme Benefits
In addition to the PF, SBI gives a pension scheme designed to offer a regular earnings after retirement. Chief Managers who’ve finished as a minimum 10 years of provider are eligible for the pension. The pension quantity is calculated primarily based totally at the common earnings of the closing 10 months of provider and the entire years of provider. This scheme is vital for preserving monetary balance in retirement, permitting retired personnel to hold dwelling comfortably.
Gratuity in SBI Manager Salary Per Month
Eligibility for Gratuity
Gratuity is a statutory gain supplied to SBI Chief Managers as a praise for long-time period service. To be eligible, personnel need to have finished at the very least 5 years of non-stop service. This guarantees that the gratuity is a praise for sustained contribution to the organization.
Gratuity Calculation
The gratuity quantity is calculated the use of the components: Gratuity = (Last drawn simple income + Dearness Allowance) × 15 days × Number of years of service ÷ 26. This components takes into consideration the employee`s remaining drawn income and the period in their service. Gratuity is paid out upon retirement, resignation, or termination, offering a widespread economic cushion. It is likewise partly tax-exempt, making it a crucial aspect of post-retirement economic making plans for SBI Chief Managers.
Income Tax Deductions in SBI Manager Salary Per Month
Applicable Tax Deduction Sections
SBI Chief Managers can avail themselves of diverse profits tax deductions to lessen their taxable profits. Section 80C permits deductions up to ₹1.five lakhs for investments in provident funds, existence insurance, and different financial savings schemes. Section 80D gives extra deductions for medical insurance charges paid for self, family, and parents, with improved limits for senior citizens. These deductions are important for powerful tax planning, permitting personnel to lessen their tax liability.
Impact on Taxable Income
By strategically using those deductions, Chief Managers can drastically decrease their taxable profits, which in flip reduces their typical tax burden. Other sections, together with 80E for schooling loans and 24(b) for domestic mortgage interest, in addition make a contribution to tax financial savings. Proper use of those deductions can beautify take-domestic pay and enhance monetary well-being, making it an vital component of income control for SBI Chief Managers.
Comparison with Other Banking Positions
| Position | Salary Structure | Allowances | Promotion Path | Focus Area |
|---|---|---|---|---|
| SBI Bank Manager | 7th Pay Commission with Scales (MMGS-I to SMGS-VI) | House Rent Allowance (HRA), Dearness Allowance (DA), Transport Allowance (TA), Potential for others | Assistant Manager -> Chief Manager -> Senior Manager -> AGM (As per experience & performance) | Branch Management & Leadership |
| SBI Probationary Officer (PO) / Assistant Manager | 7th Pay Commission Scale (Starts lower, increases with promotions) | HRA, DA, TA | Assistant Manager -> Deputy Manager -> Manager (As per experience & performance) | Branch Operations & Customer Service |
| SBI Specialist Officer (SO) | Bank-defined Pay Scales (MMGS-II to SMGS-IV) | HRA, DA, TA, Potential project allowances | Specialist Officer -> Senior Specialist Officer -> Chief Specialist Officer (As per experience & performance) | Specialized Banking Functions (Credit, Risk Management, etc.) |
| SBI Clerk | 7th Pay Commission Scale | HRA, DA, TA | Limited Promotion Path (Mostly internal exams for promotion) | Customer Service & Branch Operations Support |
Pay-Related Considerations:
- Manager at SBI Bank: Offers the best possible compensation owing to advancements and pay scale attainment (SMGS-V & VI). HRA and other allowances have a big influence on in-hand salary, especially in metro areas.
- SBI PO: Provides a respectable introductory SBI Manager Salary Per Month as well as excellent growth opportunities through manager and higher rank promotions.
- SBI SO: Compensation is based on the particular specialist position and the pay scale that it is assigned (MMGS-II to SMGS-IV). Perquisites may resemble those of bank managers.
- SBI Clerk: Provides a steady beginning pay with few chances for advancement.
Perquisites and Benefits
Medical Benefits:
SBI Branch Managers obtain complete clinical advantages protecting hospitalization, treatment, and drugs for themselves and their dependents. These advantages are prolonged via SBI`s institution clinical insurance, making sure minimum out-of-pocket fees for healthcare needs.
Furniture Allowance:
SBI presents a one-time fixtures allowance to Branch Managers to supply their homes. This allowance covers fees for getting crucial fixtures items, making sure that personnel can preserve a cushty residing environment.
Leave Travel Concession (LTC):
LTC lets in Branch Managers to assert repayment for tour fees incurred all through vacations. It covers tour inside India for the worker and their family, making it less difficult to discover the united states of america with out monetary burden.
Loan Benefits (Housing, Vehicle):
SBI gives concessional hobby prices on loans for housing, vehicles, and different non-public needs. Branch Managers can get right of entry to those loans at prices decrease than the marketplace average, offering massive monetary blessings for massive purchases.
Performance-Based Incentives
Annual Performance Bonus:
SBI Branch Managers are eligible for an annual overall performance bonus primarily based totally on their overall performance metrics and standard department overall performance. This bonus rewards powerful management, customer support excellence, and assembly or exceeding objectives. It may be a huge addition to their annual income.
Target Achievement Rewards:
In addition to the once a year bonus, Branch Managers may also obtain particular rewards for accomplishing or surpassing set objectives in regions like deposit mobilization, mortgage disbursement, and cross-promoting of monetary products. These rewards are designed to incentivize excessive overall performance and make contributions to the general profitability of the bank, making sure that managers are prompted to fulfill their objectives.
Gross Salary Calculation
Total Gross Salary Components:
The Gross Salary of an SBI Branch Manager consists of the Basic Pay, Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), and Special Allowances. These additives are blended to shape the overall gross profits earlier than any deductions.
Monthly Salary Breakdown:
For a clean information, the Gross Salary is damaged down month-to-month. For instance, if a Branch Manager`s Gross Salary is ₹1,20,000 according to month, this consists of ₹70,000 Basic Pay, ₹20,000 DA, ₹15,000 HRA, and different allowances summing up to ₹15,000. This breakdown facilitates in information the profits shape and making plans month-to-month finances, because the Gross Salary is the place to begin earlier than deductions like PF, taxes, and coverage contributions are made.
Pension and Retirement Benefits
Pension Scheme Details:
State Bank Managers are entitled to a pension beneath schemes just like the National Pension System (NPS) or older pension schemes, relying on their date of joining. The pension quantity is normally primarily based totally at the closing drawn income and years of provider. It guarantees economic protection post-retirement, imparting a regular profits that enables hold their life-style even when they depart the workforce.
Retirement Gratuity:
Upon retirement, managers acquire a lump-sum gratuity payment. This is calculated primarily based totally at the period of provider and the closing drawn income. The gratuity is a token of appreciation for years of provider, imparting extra economic protection. The most gratuity quantity is frequently capped, however it’s miles a massive a part of retirement blessings.
Post-Retirement Benefits:
Beyond the pension and gratuity, retired State Bank Managers revel in numerous post-retirement blessings, such as get admission to to clinical facilities, coverage coverage, and concessional mortgage rates. These blessings make sure that retirees and their households hold to have guide and economic stability, lowering the strain of clinical fees and preserving a nice life-style.
Comparison with Other Banks
Salary Structure Comparison with Other Public Sector Banks:
State Bank Managers` salaries are aggressive with the ones in different public area banks (PSBs). However, State Bank managers frequently get hold of better salaries because of the financial institution`s size, profitability, and marketplace presence. The pay scales, allowances, and advantages in public area banks are standardized to a few extent, following suggestions from the Indian Banks’ Association (IBA), however versions exist primarily based totally at the financial institution`s inner rules and monetary health.
Private Sector vs. Public Sector Salary Differences:
Private area banks typically provide better salaries, which include bonuses and performance-connected incentives, as compared to public area banks. However, public area financial institution managers, which include the ones at State Bank, advantage from extra activity protection, pension schemes, and complete retirement advantages, that are frequently missing with inside the personal area. The trade-off among better on the spot income with inside the personal area and long-time period protection with inside the public area is a key attention for banking professionals.
Conclusion
A job as a manager at SBI Manager Salary Per Month offers an alluring blend of professional growth and financial stability. Here’s a summary of the main conclusions:
- Competitive Salary Structure: With experience and promotions, base pay rises, opening the door to potentially large earning potential.
- Allowances: Especially in urban areas, the House Rent Allowance (HRA) has a major impact on the take-home pay. Additional allowances may increase total pay even more.
- Performance-Based Incentives: Chances to receive bonuses for surpassing goals and exhibiting outstanding performance.
- Benefits: A safe and well-rounded career path is facilitated by health insurance, provident funds, and leaves.
- Possibility of Promotion: A clear career path that offers chances to advance to senior leadership roles in the bank.
- Regional Variations: Due to variances in allowances and cost of living adjustments, SBI Manager Salary Per Month can vary slightly based on one’s location.
All things considered, the SBI Bank Manager job provides a competitive benefits package in addition to the opportunity to support the management of the biggest bank in India.
Becoming an SBI Bank Manager could be a wise decision if you’re searching for a financially fulfilling profession with room for advancement and leadership.
Extra Advice:
- Examine particular geographical differences in living expenses and allowances to get a sense of the overall pay landscape in the place you’ve chosen.
- Examine SBI’s career development options to map out your long-term career objectives.
FAQ's (Frequently Asked Questions)
Q1. What is the salary of a manager in SBI bank?
Ans. Average State Bank of India Branch Manager salary in Bangalore / Bengaluru is ₹17.2 Lakhs for experience between 5 years to 14 years. SBI Manager Salary Per Month at State Bank of India Bangalore / Bengaluru ranges between ₹9.0 Lakhs to ₹25.0 Lakhs.
Ans.The estimated total pay range for a Field Officer at SBI is ₹1L–₹7L per year, which includes base salary and additional pay. The average Field Officer base salary at SBI is ₹4L per year.
Ans. Average State Bank of India Chief Manager salary in India is ₹27.7 Lakhs for experience between 10 years to 30 years. Chief Manager salary at State Bank of India India ranges between ₹13.0 Lakhs to ₹45.0 Lakhs. According to our estimates it is 32% more than the average Chief Manager Salary in India.
Q4. Who is the CEO of SBI?
Ans.
Dinesh Kumar Khara
Although the State Bank of India, through its predecessors, the Imperial SBI Manager Salary Per Month of India and others, has existed in some form since 1806, this article strives to list only those chairmen who have headed the bank since its formation in its modern form, that is since 1955.
Ans. The highest-paying job at SBI is a Chief Financial Officer with a salary of ₹75,01,013 per year (estimate). The lowest-paying job at SBI is a Senior Man with a salary of ₹20,073 per year (estimate).
