SBI PO offers an attractive salary package along with several allowances and benefits.
According to the 2026 notification, the starting basic pay is ₹48,480 with four advance increments in the Junior Management Grade Scale-I (JMGS-I).
The pay scale mentioned in the notification is:
₹48,480 – 2,000/7 – 62,480 – 2,340/2 – 67,160 – 2,680/7 – 85,920
The approximate Cost to Company (CTC) at the initial scale of pay at the Mumbai centre is ₹21.97 lakh per annum, as stated in the notification.
SBI PO Salary Structure
| Salary Component | Details |
|---|---|
| Starting Basic Pay | ₹48,480 |
| Advance Increments | 4 |
| Pay Scale | ₹48,480 – ₹85,920 |
| Approximate Initial CTC at Mumbai | ₹21.97 Lakh per annum |
| Pay Grade | Junior Management Grade Scale-I |
The actual monthly gross salary and take-home salary may vary depending on the posting location, applicable allowances, deductions and other factors.
SBI PO Allowances and Benefits
Apart from basic pay, SBI Probationary Officers are eligible for several allowances and facilities under the bank's applicable rules.
These include:
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Dearness Allowance (DA)
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House Rent Allowance (HRA)
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City Compensatory Allowance (CCA)
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Provident Fund
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National Pension System (NPS)
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Leave Fare Concession (LFC)
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Medical facilities
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Lease rental facility
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Other applicable allowances and perquisites
SBI PO Career Growth and Promotion
SBI offers career advancement opportunities to Probationary Officers. Selected candidates join as Probationary Officers and may be placed on probation for two years.
During this period, officers undergo training and continuous assessment. Candidates who meet the bank's prescribed standards may be confirmed in Junior Management Grade Scale-I.
SBI provides opportunities for promotion to higher management grades, subject to its promotion policy, performance and applicable requirements.