SBI PO Salary 2026: Quick Answer
As per SBI's official notice for PO 2026 (Advertisement No. CRPD/PO/2026-27/09, dated 18.06.2026), the starting basic pay of an SBI PO is ₹48,480 plus 4 advance increments, in the Junior Management Grade Scale-I (JMGS-I) pay scale of ₹48,480-2,000/7-62,480-2,340/2-67,160-2,680/7-85,920. SBI states that the approximate CTC at the initial scale of pay at the Mumbai centre is ₹21.97 lakh a year. The officer also gets DA, HRA, CCA, PF, NPS, LFC, medical facility, lease rental facility and other allowances as per rules.
Source: SBI PO 2026 detailed advertisement, Para 11 (Emoluments), listed on SBI's current openings page.
Key takeaway: ₹48,480 is the first figure of the scale, but a new SBI PO starts four increments higher. Using the scale SBI prints, four ₹2,000 increments take the basic to ₹56,480 (our arithmetic from the official scale). ₹21.97 lakh is a cost-to-company figure, which includes items that never reach your bank account each month, so it is not your in-hand salary.
SBI PO Pay Scale 2026 Explained (JMGS-I)
SBI writes the scale in banking shorthand. Here is what each part means.
| Part of the scale | Meaning | Basic pay range |
|---|---|---|
| 48,480 | Lowest basic in JMGS-I | ₹48,480 |
| 2,000 / 7 | 7 increments of ₹2,000 each | ₹48,480 to ₹62,480 |
| 2,340 / 2 | 2 increments of ₹2,340 each | ₹62,480 to ₹67,160 |
| 2,680 / 7 | 7 increments of ₹2,680 each | ₹67,160 to ₹85,920 |
| 85,920 | Highest basic in JMGS-I | ₹85,920 |
Check the arithmetic: 48,480 + (7 × 2,000) = 62,480; 62,480 + (2 × 2,340) = 67,160; 67,160 + (7 × 2,680) = 85,920. The scale has 16 increments in all.
SBI PO starting basic pay with 4 advance increments
| Step | Basic pay |
|---|---|
| Scale minimum | ₹48,480 |
| + 1st advance increment | ₹50,480 |
| + 2nd advance increment | ₹52,480 |
| + 3rd advance increment | ₹54,480 |
| + 4th advance increment (starting basic) | ₹56,480 |
These steps use only the official scale. SBI's notice itself says "starting basic pay is 48,480/- (Plus 4 advance increments)"; it does not print ₹56,480 as a separate figure.
SBI PO Salary Structure: Allowances and Benefits
The notice lists the benefits by name but does not publish their rates:
| Benefit | What the notice says |
|---|---|
| Dearness Allowance (DA) | Eligible "as per rules in force from time to time" |
| House Rent Allowance (HRA) / Lease rental facility | Eligible (lease rental is an alternative to HRA) |
| City Compensatory Allowance (CCA) | Eligible |
| Provident Fund (PF) | Eligible |
| Contributory Pension Fund (NPS) | Eligible |
| Leave Fare Concession (LFC) | Eligible |
| Medical facility | Eligible |
| Other allowances and perquisites | "As per rules in force from time to time" |
DA, HRA and CCA rates: not published in the SBI notice. In banks, these depend on the industry wage settlement and the posting city, and DA changes periodically. Because SBI has not published the rates in the recruitment notice, we do not print a monthly in-hand figure here. Anyone who quotes an exact SBI PO "in-hand salary" is using numbers that are not in SBI's notice, so ask for their source.
What the SBI PO CTC of ₹21.97 lakh means
- SBI says it is the approximate CTC at the initial scale of pay at the Mumbai centre. Mumbai is a high-allowance city, so CTC in a smaller town will be lower.
- CTC includes the value of benefits such as PF/NPS contributions, medical facility, leased accommodation and LFC, not only salary paid to you.
- Dividing ₹21.97 lakh by 12 gives about ₹1.83 lakh a month of CTC. Your monthly take-home is lower than this after excluding non-cash benefits and deducting tax, NPS and other items.
SBI PO 2026 Vacancies and Selection (Context for Salary)
| Category | SC | ST | OBC | EWS | UR | Total |
|---|---|---|---|---|---|---|
| Regular | 216 | 108 | 390 | 144 | 588 | 1,446 |
| Backlog | 18 | 36 | – | – | – | 54 |
| Total | 234 | 144 | 390 | 144 | 588 | 1,500 |
Selection is in three phases: Preliminary exam (100 marks, 1 hour), Main exam (200 marks objective + 30 marks descriptive) and Phase-III (psychometric test, group exercise and interview). The final merit list converts Main exam marks (out of 230) to 75 and Group Exercise and Interview (out of 50) to 25; Prelims marks are not added (notice, Para 8). If candidates tie at the cut-off, the older candidate ranks higher (Important Instructions, point 30).
SBI's recruitment results page lists the result PDFs (roll numbers) and a "marks secured by the candidates" login for each stage, but no separate public cut-off PDF, so use your own scorecard login for official marks.
SBI PO Bond, Probation and Career Path
- Bond: at joining, you sign a bond of ₹2 lakh to serve SBI for at least three years. The bond is invoked if you resign before three years (Para 12).
- Probation: you join as a "Probationary Officer" and may be on probation for two years, with continuous assessment. Those who meet the standards are confirmed in JMGS-I; those who do not may have their services terminated as per policy (Para 12).
- Pre-joining: you must complete an online basic banking course before joining.
- Posting: selected candidates may be posted anywhere in India, and SBI may also depute officers to associates or subsidiaries (Important Instructions, point 31).
- Growth: SBI's notice speaks of opportunities for posting abroad and a promotion policy that lets meritorious officers reach Top Management Grade "in a reasonably quick time". It gives no fixed timeline, so we do not quote one.
SBI PO Eligibility Linked to the Job
| Item | SBI PO 2026 (official) |
|---|---|
| Age | 21 to 30 years on 01.04.2026 (born between 02.04.1996 and 01.04.2005, both days inclusive) |
| Qualification | Graduation in any discipline by 30.09.2026; final-year students could apply provisionally |
| Number of chances | UR/EWS 6; UR(PwBD)/EWS(PwBD)/OBC/OBC(PwBD) 9; SC/ST no restriction. Appearing in Mains counts as a chance |
| Credit history | Candidates with loan or credit-card defaults must clear dues and update CIBIL by the date of joining |
| Application fee | ₹750 for UR/EWS/OBC; nil for SC/ST/PwBD |
SBI PO vs IBPS PO Salary
Both are JMGS-I officer posts in public sector banks, but SBI recruits on its own and publishes its own CTC figure. SBI's PO notice states a Mumbai CTC; IBPS notices cover many banks, and each bank pays as per its own rules. Read our IBPS PO salary 2026 note for what the IBPS notice says.
SBI PO Salary FAQs
What is the basic salary of SBI PO in 2026?
The starting basic pay is ₹48,480 plus 4 advance increments in the JMGS-I scale. With the ₹2,000 increments of the official scale, that works out to ₹56,480.
What is the SBI PO salary per month?
SBI publishes the basic pay and an annual CTC (₹21.97 lakh at the Mumbai centre), not a monthly in-hand figure. DA, HRA and CCA rates are not in the notice, so an exact official monthly in-hand figure is not published.
Is SBI PO CTC ₹21.97 lakh for every city?
No. SBI gives ₹21.97 lakh as the approximate CTC at the Mumbai centre. Allowances such as CCA and lease rental depend on the city, so CTC elsewhere can be lower.
What is the maximum basic pay of an SBI PO?
₹85,920 is the top of the JMGS-I scale. Beyond that, pay rises through promotion to higher scales.
Does SBI PO have a bond?
Yes. A ₹2 lakh bond for a minimum of three years of service, executed at the time of joining.
How long is SBI PO probation?
Up to two years, with continuous assessment, as per the 2026 notice.
Practice Next for SBI PO
- Prelims practice: SBI PO Quantitative Aptitude Number Series Mock Test and SBI PO Number Series Mock Test 02.
- Mains-level reasoning: input-output reasoning for SBI PO.
- Related notes: IBPS PO salary 2026, IBPS PO syllabus and exam pattern and banking awareness for bank exams.
- Free tools: government salary calculator and exam eligibility checker.
- Bank clerk route: SBI Clerk 2026 notification.
- Compare exams: IBPS PO vs SBI PO 2026.
- Browse all study notes.