PRESENTED BY:

MAYURI VADHER

State Bank of India

State Bank of India (SBI) is a multinational banking and financial services

company based in India.
Bank of Calcutta, Bank of Bombay and the Bank of Madras were
incorporated as joint stock companies as Imperial Bank of India. and On 1
July 1955, the Imperial Bank of India became the State Bank of India.
Headquarters in Mumbai, Maharashtra.
SBI had 14,816 branches in India, as on 31 March 2013, of which 9,851
(66%) were in Rural and Semi-urban areas and assets of US$388 billion .
222,033 employees as on 31 March 2014, out of which there were 45,132
female employees (20%) and 2,610 (1%) employees with disabilities.
11th most trusted brand in India as per the Brand Trust Report 2010.
298h in fortune 500 list.

Compensation Structure

SUPERVISING STAFF
Scale I(PO) = Rs.14500 600/7 - 18700 700/2 20100 800/7 25700
Scale II = Rs.19400 700/1 20100 800/10 28100
Scale III = Rs.25700 800/5 29700 900/2 31500
Scale IV = Rs.20600 900/4 34200 1000/2 36200
Scale V = Rs.36200 100/2 38200-1100/2-40400
Scale VI = Rs.42000 - 1200/4 46800
Scale VII = Rs.46800 1300/4 52000
TEGSS I = Rs.67000-2000/4 67000
TEGSS II = Rs.67000- 2000/4 - 75000

Continued
1. Stagnation Increment
Both clerical and subordinate staff shall be eligible for seven stagnation
increments. From d.o.j, every year year and after a period every 3 years.
2. Dearness Allowance
3. Provident fund- no P.F joiners after 1st April 2010.
And for others- average salary* length of service/12
--------------------------------------60
4. Gratuity- gratuity payment increase from 3,50,000 to max 10,00,000.

SUBORDINATE STAFF
1. Dearness Allowance- Rate of D.A-0.15%. As of 45.60%
2. HRA- for quarters 0.5% of salary is recovered from employee in other case
house rent allowance is provided to employee
3. CCA
4. Halting Allowance
5. Mode of Travel and Expenses on Travel
6. Reimbursement of Conveyance expenses- corresponding money for upto
35lt.
7. Residential Telephone and Mobile Phones
8. Medical Aid- medical expenses 2000rs. per annum
9. Out of pocket expenses- 120rs. per day
10. Leased Rentals

Continued
11. Furniture & Fixture
12. Reimbursement of Lodging expenses
13. Reimbursement of Entertainment expenses- 350-825rs p.m.
14. Reimbursement for purchase of Newspapers and magazines etc.- 150200rs.p.m
15. Study Leave
16. Leave Encashment
17. Holiday home facility
18. Compensation for losses to breakage on transfer- if receipt submitted then
560-745. if no receipt then 745-1120

AWARD STAFF
1. City Compensatory Allowance
2. House Rent Allowance
3. Transport Allowance
4. Fuel Allowance
5. Leave Fare Concession- 2849rs-3769rs. During 2yrs.
6. Compensation on Transfer- cost actually incurred during transfer.
7. Holiday home facility
8. Washing allowance- 100rs p.m.
9. Cycle Allowance- 75rs. p.m.
10. Maternity leave
11. Reimbursement of expenses on Road Travel-travel on duty then 3rs per km.
12. Silver jubilee award

Staff Advanced

Festival advances- one months gross salary once in a year

Personal loan- depending on year of services from 70,000-2,40,000rs. with

8% interest

Computer loan- max. 40,000rs with 5% p.a. interest

Vehicle 2 wheeler loan- max. 60,000 with 7% p.a. interest

Car loan- max 4,50,000 with 7% p.a. interest

Housing loan- max 12,00,000 with 6% p.a. interest