SBI PO Salary 2026: In Hand Salary, Pay Scale, Salary Slip

Presently, the starting basic pay is INR 48,480 (Plus 4 advance increments) in the scale of 48480-2000/7-62480-2340/2-67160-2680/7-85920 applicable to Junior Management Grade Scale-I. The official will be 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 at initial scale of at Mumbai Centre is INR 18.67 Lakh.

For Banking aspirants, SBI PO is one of the most sought-after jobs, considering the salary and career growth. The salary structure is released by SBI in the official notification PDF.Besides the basic SBI Scale 1 salary, candidates are also given various allowances, perks, and benefits. SBI PO is responsible for multiple operations such as finance, accounting, billing, investment, revenue collection, etc.

SBI PO full form stands for State Bank of India Probationary Officer recruitment. This is one of the most sought-after exams among graduates. SBI releases vacancies for PO annually to fulfill manpower requirements among its branches.

SBI PO gets 100 per cent medical coverage and dependent family gets 75 per cent coverage. The allowances offered to candidates are given below.

SBI PO Salary Allowances
Allowance	Amount
Dearness Allowance	19.83% of the Basic Pay
City Compensatory Allowance	3–4% depending on location
House Rent Allowance	7–9% depending on Place of Posting
Furniture Allowance	INR 1,20,000
Medical Insurance	100% covered for employee | 75% covered for dependent family
Travelling Allowance	AC 2-tier fare is reimbursed to the employee for official travels
Petrol Allowance	INR 1,100 – 1,250
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.	Varies based on Cadre

SBI PO salary slip help candidates to know the break-up between the gross pay, allowances, deductions and net pay. The gross SBI PO salary will be the sum of your basic pay and allowances. From the gross pay, if you take out the deductions, you can come to know the net SBI PO salary in hand per month. Also, you can check the break up of allowances clearly from the SBI PO salary slip 2024. Thus, the SBI PO salary slip will give you a clear idea regarding the emoluments. SBI PO salary slip is given below.

Particulars of SBI PO Salary Slip 2024	Amount
Basic Pay	INR 48480 (plus 4 advance increments)
Special Allowance	INR 14967
Dearness Allowance	INR 14336
City Compensatory Allowance	INR 2300
Learning Allowance	INR 850
House Rent Allowance	INR 5648
Gross SBI PO Salary	INR 94581 (approx.)
Deduction (PF / Income Tax / Professional Tax / Pension)	INR 9617
Net SBI PO Salary in hand 2024	Rs.84964 (approx.)

On joining, the selected candidates will be designated as Probationary Officers and may be on probation for two years. They will be subjected to continuous assessment, as per Bank's extant policy, during the probation period. 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).

Candidates selected through SBI PO exam will be on a probation for two years. Candidates during the probation period are subject to continuous assessment. Those who qualify in the assessment as per the standards determined by the bank from time to time will be confirmed to the post of Junior Management Grade Scale-I (JMGS-I). The selected candidates at the time of joining are required to sign a bond of INR 2 Lacs. They need to serve for a period of three years or else the bond will be invoked by the bank if the candidate resigns from the service of the bank before expiry of three years from the date of joining.

The prelims and mains exams of SBI PO are conducted online. The prelims exam of SBI PO carries a total of 100 marks. The mains exam of SBI PO carries 250 marks. Candidates qualifying the prelims exam are called for the mains exam. However, the marks of the prelims exam are not counted for the final merit list. Candidates qualifying the prelims exam are called for the mains exam.

SBI PO job role includes supervising clerical activities, customer service, processing loans, opening bank accounts, etc. The common tasks of a probationary officer include gaining practical knowledge of various banking aspects, Customer Services (which may range from passbook printing to account opening and much more), supervision of clerical work, Loan Processing, etc.

On joining, the selected candidates will be designated as Probationary Officers and may be on probation for two years. They will be subjected to continuous assessment, as per Bank’s extant policy, during the probation period. 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).

SBI has introduced a Psychometric Test in Phase III of SBI PO exam pattern. The psychometric test is personality profiing of candidates who are selected for Phase III of SBI PO exam. The result of the psychometric test is placed before the interview panel so that they have full understanding of the candidates. SBI PO Psychometric Test determine whether a candidate is psychologically qualified for the position of the banker. The test basically assess logical reasoning, job-specific aptitude, position-specific attributes, personality type, stress management, and much more.

Click here to read more on SBI PO Psychometric Test

Few important points related to SBI PO vacancy are given below:

• SBI PO vacancy reserved for the OBC category are available only to the Non-Creamy Layer OBC
• Creamy Layer OBC candidates should indicate their category as General
• SBI PO vacancy for PWD category candidates are reserved horizontally
• PWD categories under clauses 'd' & 'e' of Section 34 (i) of RPWD Act 2016 are Specific Learning Disability (SLD), Mental Illness (MI), Multiple Disabilities (multiple disabilities amongst LD, VI, HI, SLD & MI)
• Reservation for Economically Weaker Section (EWS) in recruitment is governed by the Department of Personnel & Training, Ministry of Personnel, Public Grievance & Pensions, Government of India

A total of 1500 vacancies are announced for SBI PO 2026 exam. The vacancy break-up is 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

The age limit for applying to SBI PO was between 21 and 30 years. Relaxation in the upper age limit is provided to candidates belonging to reserved category.The educational qualification prescribed for SBI PO is Graduation. Final year Graduation candidates can apply provisionally provided they need to submit the pass Certificate of degree exam at the time of interview. Candidates holding Integrated Dual Degree (IDD) can also apply. Candidates possessing qualifications such as Medical, Engineering, Chartered Accountant, Cost Accountant can also apply.There are also restrictions in the number of attempts. The number of attempts for General category is 4, General (PwD) category is 7, OBC is 7, OBC (PwD) is 7. There is no restriction for SC/ST (PwD). Candidates with a record of default in repayment of loans/ credit card dues / or against whose name adverse reports of CIBIL or other external agencies are available are not eligible for appointment.

On joining, the selected candidates will be designated as Probationary Officers and may be on probation for two years. They will be subjected to continuous assessment, as per Bank’s extant policy, during the probation period. 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).

In the event of candidates not being able to fill the SBI PO application form data in one go, they can save the data already entered by using the 'Save' button. Candidates need to login with their required credentials to complete the application process. After registration candidates are required to pay the requisite application fee through online mode by using debit card/ credit card/ Internet Banking. In case of any problem in filling up the form, payment of fee/ intimation charges or receipt of Admission/call letter, queries can be made on the phone number-022-22820427 (between 11:00 AM to 06:00 PM on working days) or lodge their query on http://cgrs.ibps.in. Candidates should mention ‘Recruitment of Probationary Officers in State Bank of India’ in the subject of the mail.

SBI PO merit list is prepared based on the marks obtained in the mains exam and interview & GE. Tie-breaking formula is applied to prepare the merit list along with other factors such as cut off marks, number of applicants, and more. The merit list is made available in PDF format along with the category-wise rank and state-wise rank of each applicant. 

You can prepare for SBI PO exam through self-study. However, to understand the techniques of solving questions it is always advised to take coaching.

SBI PO cut-off marks are calculated based on the exam difficulty. It also depends on the number of vacancies. SBI PO cutoff is also based on the number of appeared candidates.

 

SSC CPO scores of candidates are calculated in the following way.
For each correct answer, candidates score one mark
For the wrong answer, 0.25 marks were deducted