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What is the salary of SBI PO?
An SBI Probationary Officer starts at a basic pay of ₹48,480 plus four advance increments, in the Junior Management Grade Scale I (JMGS-I) scale of ₹48,480 to ₹85,920. The 2026 advertisement states an approximate cost to company (CTC) of about ₹21.97 lakh a year at Mumbai.
The pay scale
The 2026 advertisement prints the JMGS-I scale as:
₹48,480 - 2,000 (7 stages) - 62,480 - 2,340 (2 stages) - 67,160 - 2,680 (7 stages) - 85,920
That means the basic rises by ₹2,000 a year for the first seven increments, then ₹2,340 for two, then ₹2,680 for seven, up to ₹85,920. Basic pay is only the base; allowances are added on top and depend on where you are posted.
What the CTC figure means
The advertisement quotes an approximate CTC of about ₹21.97 lakh at Mumbai. That is the bank's own estimate for a metro posting in the year of the advertisement, not your monthly take-home. In-hand salary is lower, because it is paid after deductions, and it changes with the city you are posted to. Treat the CTC as an upper-end indicator for a metro posting, not a promise.
Terms attached to the post
- Probation: 2 years. See how long the probation is for a bank PO.
- Joining bond: ₹2 lakh, for a minimum of 3 years of service.
- Grade: Probationary Officer in Junior Management Grade Scale I.
How it compares
IBPS PO and specialist officer posts use the same basic scale (₹48,480 to ₹85,920), but the allowances follow the rules of whichever bank you are allotted. RBI Grade B starts much higher, at ₹78,450 basic; see RBI Grade B salary. Pre-2024 articles quote a ₹36,000 start for PO, which is out of date.
If you are deciding between officer and clerk roles, the bank PO vs clerk comparison weighs pay, promotion and workload. The paper itself is explained in the SBI PO syllabus and exam pattern.
For the full post profile, including duties and promotion path, see the SBI PO salary and career page.
Source
- SBI PO 2026 detailed advertisement CRPD/PO/2026-27/09 (18 June 2026): pay scale, CTC, bond and probation.
Pay is revised periodically, so check the current advertisement before relying on any figure.
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- Bank PO vs clerkBank PO vs clerk compared on the 2026 notifications: starting pay, role, posting, exam stages, interview and promotion, plus how to choose your first target.
- SBI PO syllabus and patternSBI PO 2026 pattern and syllabus: prelims English 40, Quant 30, Reasoning 30; mains with the new email and situation-analysis descriptive; 75:25 merit weights.
- Bank PO probation periodSBI PO probation is 2 years, with a ₹2 lakh bond for 3 years of service, per the 2026 advertisement. IBPS PO terms are set by the allotted bank.
- RBI Grade B salaryRBI Grade B starts at a basic pay of ₹78,450 a month in a 16-year scale. The 2026 advertisement states gross emoluments of about ₹1.55 lakh a month.
More in Bank exams
- SBI PO Prelims sectional cut-offSBI PO Prelims 2026 has no sectional cut-off; about ten times the vacancies are shortlisted on total score. IBPS has one. Here is how it works.
- SBI PO descriptive paperSBI PO Mains 2026 has a typed descriptive test, Communication Skills: 3 questions, 30 marks, 30 minutes. See the format and why letter and essay is outdated.
- SBI PO attempt limitSBI PO allows 6 attempts for UR/EWS, 9 for OBC and PwBD, and no limit for SC/ST. Only appearing in Mains counts. Rules from the 2026 advertisement.
- SBI PO age limitSBI PO age limit is 21 to 30 years as on 1 April 2026. See upper-age relaxation for OBC, SC/ST, PwBD and ex-servicemen, and why relaxations do not stack.
- RRB PO and Clerk togetherYes. In IBPS RRBs-XV you can apply for Office Assistant and one officer post, with a separate application and fee for each. Dates, fees and limits.
- RBI Grade B interview marksThe RBI Grade B interview carries 75 marks and final merit is Phase II plus the interview. Phase I marks do not count. 2026 rules and how it compares.
- Negative marking in SBI POSBI PO deducts one-fourth of the marks assigned to a question for each wrong answer in Prelims and Mains. See the penalty by section for 2026.
- Negative marking in IBPS POYes. IBPS PO deducts one-fourth of the marks assigned to a question for each wrong answer, in Prelims and Mains. See what it costs per section.