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

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.

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.

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.)

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.

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 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).

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 

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.

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.