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SBI PO Salary 2026: Official Pay Scale and Job Profile

SBI recruits its own Probationary Officers, separately from IBPS, into Junior Management Grade Scale-I at the State Bank of India. The 2026 advertisement (CRPD/PO/2026-27/09, 1,500 vacancies) is specific about pay, the joining bond, probation and transfers, and this page sticks to what it says.

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What the advertisement says about the job

Selection has three phases: an online Preliminary exam, an online Main exam, and a psychometric test, group exercises and an interview.

Before joining you complete an online course in basic banking. At joining you sign a bond of ₹2 lakh to serve the Bank for at least three years; the Bank invokes it if you resign before three years are up.

SBI can allot or transfer you to any of its circles or offices in India, or depute you to its associates, subsidiaries or another organisation. Requests for a particular place may not be entertained.

Probation and promotion

You join as a Probationary Officer and may be on probation for two years, with continuous assessment under the Bank’s policy. If you meet the Bank’s standards you are confirmed in Junior Management Grade Scale-I; if not, your services may be terminated under the policy in force.

The advertisement gives no promotion timeline. It says only that the Bank’s promotion policy lets meritorious officers reach the Top Management Grade in a reasonably quick time, and that there are opportunities for postings abroad.

Pay: starting basic ₹48,480 plus four advance increments

The advertisement gives the JMGS-I basic pay scale as ₹48,480-2,000/7-62,480-2,340/2-67,160-2,680/7-85,920, and a starting basic pay of ₹48,480 plus four advance increments. On this scale, four ₹2,000 increments make a starting basic of ₹56,480.

SBI gives the approximate cost to company (CTC) at the initial scale of pay at its Mumbai centre as ₹21.97 lakh. CTC is not take-home pay, and this page does not estimate in-hand pay. The allowances and benefits the advertisement names are listed below.

Benefits the advertisement names

Dearness Allowance (DA), House Rent Allowance (HRA) and City Compensatory Allowance (CCA)
Provident Fund (PF) and the contributory pension fund (NPS)
Leave Fare Concession (LFC)
Medical facility
Lease rental facility
Other allowances and perquisites under the Bank’s rules in force

The advertisement is the authority for pay, service conditions and vacancies, and it changes from cycle to cycle. Confirm current details against the SBI PO 2026 advertisement.

What SBI PO recruits for

Probationary Officers in Junior Management Grade Scale-I at the State Bank of India: 1,500 vacancies in the 2026 advertisement.

What Pariksha Saathi offers for SBI PO

Topic-wise lessons and practice across Reasoning, Quant and English, sectional and full-length mock tests in the real pattern, a Mistake Notebook, and dated current-affairs capsules for General and Banking Awareness — all free. See also our direct comparison of IBPS PO and SBI PO if you’re deciding between the two.

Official source & latest updates

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