The SBI PO (State Bank of India Probationary Officer) salary is a key attraction for banking aspirants, driving thousands of candidates to compete each year. With annual SBI PO vacancies and a salary package higher than most other nationalised banks, the competition is intense. Last year, the SBI PO salary was revised, and this article discusses the updated pay structure. It also covers the job profile, career growth opportunities, allowances, and promotion prospects for an SBI PO.
The revised SBI PO salary is a major attraction for candidates entering the banking sector, alongside job security, attractive perks, and allowances. The starting basic salary for an SBI Probationary Officer (Junior Management Grade Scale-I) is Rs. 56,480 (Rs. 48,480 plus advanced increments). According to the updated Bipartite Settlement with four advance increments, the salary progression for a Probationary Officer is Rs. 48,480–2,000/7–62,480–2,340/2–67,160–2,680/7–85,920. The maximum basic salary for an SBI PO can reach Rs. 85,920.
The starting in-hand salary of an SBI Probationary Officer (PO) is around Rs. 80,000 to 82,000 per month. The salary structure below reflects the revised SBI PO pay. Aspirants aiming for the SBI PO role should be aware of this updated salary. In metro cities like Mumbai, the approximate CTC can reach Rs. 20.43 lakh.
| Parameter | Amount (INR) |
|---|---|
| Basic Pay | Rs. 56,480 (Rs. 48,480 + advanced increments) |
| Special Allowance (SA) | Rs. 14,967 |
| House Rent Allowance (HRA) | Rs. 4,518.40 |
| Dearness Allowance (DA) | Rs. 15,327.01 |
| Location Allowance | Rs. 1,200 |
| Learning Allowance | Rs. 850 |
| Gross Salary | Rs. 93,342.61 |
| Deductions (PF/Income Tax/Professional Tax/Pension) | Rs. 12,993 |
| Net Salary | Rs. 80,350 |
From the gross salary of Rs. 93,342.61, certain monthly deductions are made, resulting in an approximate in-hand salary of Rs. 80,000 for an SBI PO. The detailed breakdown of these deductions is provided below.
| Particulars | Amount (INR) |
|---|---|
| Employee PF Contribution | Rs. 5,648 |
| Professional Tax | Rs. 200 |
| Contribution to Pension Fund | Rs. 6,845 |
| Union Association Membership | Rs. 300 |
| Total Deductions | Rs. 12,993 |
The starting in-hand salary of an SBI PO is approximately Rs. 80,000 to 82,000 per month, with a basic pay of Rs. 48,480 (+4 advance increments). At the Mumbai centre, the gross compensation is around Rs. 20.43 lakh. In addition to the basic pay, SBI Probationary Officers are entitled to allowances such as Lease Rental/HRA, DA, Medical, CCA, and others, which may vary depending on the job location.
SBI POs receive an annual increment that is fixed for a specific period. Refer to the table below to understand the SBI PO increment cycle.
| Period | Increment | Basic Salary (INR) |
|---|---|---|
| First 4 increments | – | Rs. 48,480 |
| First 7 years | Rs. 2,000 | Rs. 62,480 |
| Next 2 years | Rs. 2,340 | Rs. 67,160 |
| Another 7 years | Rs. 2,680 | Rs. 85,920 |
Below is the salary slip of a Probationary Officer (PO) for April 2025. Refer to the image to get a complete understanding of the SBI PO salary structure.
Service Bond: Candidates selected as Probationary Officers in the State Bank of India must sign a bond of ₹2 lakh, committing to work for a minimum of three years. If they resign before completing this period, the bank has the right to recover the bond amount.
Probation Period: After joining, candidates are appointed as Probationary Officers and undergo a two-year probation period. During this time, their performance is regularly assessed as per the bank’s policy. Candidates who meet the required standards will be confirmed as permanent employees in the Junior Management Grade Scale-I.
The salary comprises various allowances that add to the total pay. Here are some standard allowances that an SBI Probationary Officer receives in addition to the basic salary:
| Allowance | Amount / Details |
|---|---|
| Dearness Allowance (DA) | 19.83% of the Basic Pay |
| City Compensatory Allowance (CCA) | 3–4%, depending on location |
| House Rent Allowance (HRA) | Newspaper, Entertainment, Books, Allowance |
| Furniture Allowance | Rs. 1,20,000 |
| Medical Insurance | 100% for the employee, 75% for the dependent family |
| Travelling Allowance | AC 2-tier fare reimbursed for official travel |
| Petrol Allowance | Rs. 1,100 – 1,250 |
| Newspaper, Entertainment, Books Allowance | 7–9%, depending on the place of posting |
In addition to a lucrative in-hand salary, SBI POs receive several perks and benefits, including:
Candidates shortlisted for SBI PO positions must undergo basic banking knowledge training before joining as Probationary Officers. Upon joining, they are required to sign a bond of Rs. 2 lakh, committing to serve the bank for a minimum of three years. After completing the probation period, they are confirmed as Junior Manager Grade Scale I (JMGS-I).
As India’s most prestigious bank, SBI offers its employees excellent career opportunities. Annual promotion exams allow employees to advance in job profile, position, and salary, providing substantial career growth and exposure. SBI POs serve a two-year probation period, after which the promotion hierarchy is as follows:
The SBI PO salary is highly competitive and offers substantial growth potential, both in terms of earnings and career advancement. Starting with an attractive basic salary, SBI POs enjoy yearly increments and a wide range of allowances and benefits, making the position financially rewarding. Along with the salary, POs are provided with excellent career development opportunities, including promotions and the chance to work in prestigious roles within the bank.
The structured career growth, coupled with the performance-based salary increases, makes SBI PO a sought-after job for those aiming to establish a successful career in banking. With training, benefits, and a promising future, becoming an SBI PO offers not just a job but a well-rounded career path with long-term rewards.
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Ans. The starting basic pay for an SBI Probationary Officer (PO) is ₹48,480, which includes four advance increments. The complete salary structure follows a progressive scale: ₹48,480-2000/7-₹62,480-2340/2-₹67,160-2680/7-₹85,920. This indicates regular increments over the years, ensuring steady growth in the officer’s earnings.
Ans. SBI POs receive allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), and Medical Benefits.
Ans. Yes. If they are assigned to an urban area, they will receive an apartment owned by SBI. In other locations, SBI pays you a house rent allowance that you can use to rent a residence. This allowance ranges from 7-9% of your salary, depending on the location.
Ans. SBI PO’s typical working hours are from 10 AM to 5 PM. An SBI officer does not, however, have any set hours. Compared to clerical cadres, probationary officers receive additional time extensions at work.
Ans. They have 4 advanced increments. The Gross Salary per annum is 8 lakhs to 13 lakhs. Key Points: Yes, SBI PO can earn 1 lakh per month only after working in the SBI for some years.
Ans. SBI PO Salary is the highest among all public sector banks in India. SBI offers a Total Compensation or Salary Package with a minimum of Rs. 8.20 Lakhs and a maximum of Rs. 13.08 Lakhs.
Authored by, Nidhi Kukreja
Exam Prep Advisor
Nidhi is a passionate writer who specializes in long-form, research-backed content that delivers real value. Whether she’s writing blog articles or creating educational modules, she focuses on making complex topics clear, detailed, and easy to understand. Her content is designed to build knowledge and credibility, helping readers gain deeper insights with every piece.
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