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Rs 70000 Per Month, SBI PO High Salary Myth

Largest Indian Bank State Bank of India New Recruitment PUCH LINE for New Probationary Officers (PO) Joinee   with Rs 8 lacs package. The complete salary offered by SBI to PO with all details are :

 Salary offered By SBI to New PO :

Cash Component : Rs 30,370

Contribution By Bank To PF and Pension : Rs 4673

HOUSING LEASE RENTAL : Rs 29,500

Perquisites : Rs 4130

TOTAL   : Rs 68,673/-  which according to SBI will br around Rs 8,00,000 a year at Mumbai.

What I don’t understand , why this salary at mumbai, do all newly selected PO will be posted at Mumbai only ? Rajmanglam.com has explained it in better way.

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