SBI PO Salary 2026: The SBI PO exam is conducted annually by the State Bank of India. Lakhs of candidates appear for the exam and one of the main reasons is salary. The SBI PO salary was revised in 2025. The initial basic pay for an SBI PO is INR 56,480. According to the revised Bipartite Settlement, the pay scale of SBI PO is 48480-2000/7-62480-2340/2-67160-2680/7-85920 which applies to Junior Management Grade Scale-I.
Candidates are eligible for DA, HRA, CCA, PF, Contributory Pension Fund i.e., NPS, LFC, Medical Facility, Lease rental facility, etc., and other allowances & perquisites as per rules in force from time to time. The approximate CTC of SBI PO at the initial scale of pay at the Mumbai Centre is apprroximate INR 20.43 Lakh. Here, we have explained in detail SBI PO salary, allowances, benefits, and many more.
- SBI PO Salary
- What is SBI PO Salary Structure?
- SBI PO Perks and Allowances
- SBI PO Career Growth
- SBI PO Vacancies
- SBI PO Selection Process 2026
- SBI PO Salary FAQs
SBI PO Salary
Candidates selected as Probationary Officers in SBI not only hold a very reputed position but also are entitled to various perks and allowances. The salary of SBI PO is more compared to other public sector banks in the country. SBI PO salary is set as per the Bipartite Settlement. State Bank of India offers one of the best SBI scale 1 salary to the Probationary Officer.
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SBI PO In-Hand Salary
SBI PO in hand salary ranges between INR 80,000 to 82,000 per month with the basic pay of INR 48,480. The SBI Probationary Officers are eligible for Lease Rental/ HRA, DA, Medical, CCA and other allowances besides basic pay.
SBI PO Increment
SBI PO salary and in-hand salary is subject to increment every year. On the basis of the period of service, a fixed amount of increment is given to candidates. The increment offered to SBI PO is given below.
| Period | Increment (In INR) | Basic Salary (In INR) |
|---|---|---|
| First 7 years |
2000 |
62,480 |
| Next 2 years |
2340 |
67,160 |
| Another 7 years |
2680 |
85,920 |
SBI PO Salary Deduction
SBI PO receives various benefits and allowances and in terms of deductions they can claim while filling the ITR. The deductions in the SBI PO salary structure are given below.
| Particulars | Amount (INR) |
|---|---|
| PF Contribution | 5,648 |
| Union Associa Membership | 300 |
| Professional Tax | 200 |
| Contributory Pension Fund | 6,845 |
| Total Deductions | 12,993 |
What is SBI PO Salary Structure?
At present, the starting basic is INR 48,480 (with 4 advance increments). SBI PO pay scale is INR 36,000-1490/7-46430-1740/2-49910-1990/7-63840. The post is of Junior Management Grade Scale-I. The official will also be eligible for DA, HRA/Lease rental, CCA, Medical, and other allowances & perquisites as per rules in force from time to time. Candidates working as SBI PO earn a higher take-home salary than any other bank PO. They get more allowances as well. SBI PO salary also differs on the place of posting. The employees posted in metropolitian cities get higher pay. Candidates are also entitled to PF, LTC, etc.
Also Read: SBI PO Vacancies
SBI PO Perks and Allowances
Some of the SBI PO perks and allowances are given below:
| Basic Pay |
INR 41,960 (with 4 advance increments). The pay scale is INR 36000-1490/7-46430-1740/2-49910-1990/7-63840 |
| Dearness Allowance |
DA is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently, DA is 46.9 per cent of the basic pay |
| City Compensatory Allowance (CCA) |
CCA varies with the place of posting of 4 per cent or 3 per cent |
| Leased House Accommodation |
SBI PO is entitled to take a house on lease. The amount of which varies with posting between a minimum of INR 8000 (in rural areas) and a maximum of INR 29, 500 (In Mumbai) |
| Furniture Allowance |
INR 12,0000 for the purchase of furniture |
| Medical Insurance |
100 per cent of medical coverage for SBI employees and 75 per cent for their family members |
| Travelling Allowance |
For official travels, reimbursement of AC 2-tier fare is provided |
| Petrol |
50 Lts (For 2 wheelers) Or 55 Lts (For 4 Wheeler) Or Approx. INR 1100-1250 if you do not have 2/4 wheelers (conveyance allowance) |
SBI PO Job Profile
The job profile of SBI PO is given below:
- Given basic training about banking awareness
- Need to sign a bond of INR 2 lakhs
- Employees need to server for three years
- Probation period is two years
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SBI PO Career Growth
SBI offers immense growth opportunities to candidates. Candidates joining as PO can reach up to the level of Chairman. The promotion hierarchy of SBI PO is given below:
SBI PO Promotion Hierarchy
- Probationary Officer (Assistant Manager, JMGS - I)
- Deputy Manager (MMGS)
- Manager (MMGS)
- Chief Manager (MMGS)
- Assistant General Manager (SMGS)
- Deputy General Manager (TEGS)
- Chief General Manager (TEGS)
- General Manager (TEGS)
SBI PO Salary: Know the Annual Package
SBI PO salary is the highest among all the public sector banks in India. SBI offers a total compensation or salary package. This depends on the place of posting and various other factors.The Probationary officers of an SBI are eligible for Lease Rental/HRA, DA, Medical, CCA and other allowances besides basic pay. Also, the amount differs or varies with the location of the job posting.
Also Read: SBI PO Selection Process
SBI PO Vacancies
SBI PO vacancies 2026 released along with the notification. This year, a total of 1500 vacancies are announced. Candidates are selected for the recruitment exam as per the vacancies. SBI PO vacancies are given below.
| Category | Total | Regular Vacancies | Backlog Vacancies |
|---|---|---|---|
| UR | 588 | 588 | -- |
| SC | 234 | 216 | 18 |
| ST | 144 | 108 | 36 |
| OBC | 390 | 390 | -- |
| EWS | 144 | 144 | -- |
| Total | 1500 | 1446 | 54 |
SBI PO 2026 Training Process
The training process of newly recruited SBI PO is given below:
- After joining to the post of SBI PO, candidates are on probation for two years
- During the probation, candidates are subject to continuous assessment, as per bank's extant policy
- Those candidates who qualify in the assessment as per standards determined by the bank from time to time, will be confirmed in the service of the bank in Junior Management Grade Scale-I (JMGS-I)
- During training, candidates are provided the basic knowledge through online course
SBI PO Selection Process 2026
The State Bank of India conducts SBI PO exam to select candidates for the posts of Probationary Officers (PO)/Management Trainees. The recruitment process will begin with the release of SBI PO notification. Interested candidates need to apply online for the SBI PO exam. The selection process of SBI PO comprises Preliminary, Mains), and Phase III Psychometric Test, Interview and Group Exercises. The selection process of SBI PO is given below:
- Applying for SBI PO
- Release of SBI PO Admit Card
- Appearing in SBI PO Exam
- Declaration of SBI PO Result
- SBI PO Final Selection
- Psychometric test
On joining, the selected candidates will be designated as Probationary Officers and will be on probation for two years. Their performance will be evaluated during the probation period before confirmation. Candidates who excel in their performance will be promoted to the next grade, Middle Management Grade Scale-II (MMGS-II).
SBI PO Salary FAQs
Candidates can check below SBI PO Salary FAQs
Upcoming Sarkari Exam Dates
RRB NTPC 2026 UG CBT 2 Admit Card (07/2025) Sep '26 TNPSC Group 4 2026 Application Dates 6 Oct '26 - 5 Nov '26