What is the in-hand salary of a SBI PO?

SBI PO basic salary is INR 48, 480 (with 4 advance increments). This pay scale is applicable for Junior Management Grade Scale-I. The amount varies as per the place of posting. Employees posted in cities like Mumbai, Delhi, and Kolkata get comparatively more. Candidates are also entitled to the following benefits and allowances: Basic Pay Dearness Allowance City Compensatory Allowance (CCA) Leased House Accommodation Furniture Allowance Medical Insurance Travelling Allowance Petrol. The pay scale is INR 48480-2000/7-62480-2340/2-67160-2680/7-85920 applicable to Junior Management Grade Scale-I.

What is SBI PO Salary Slip?

SBI PO salary slip help candidates to know the break-up between the gross pay, allowances, deductions and net pay. The gross SBI PO salary will be the sum of your basic pay and allowances. From the gross pay, if you take out the deductions, you can come to know the net SBI PO salary in hand per month. Also, you can check the break up of allowances clearly from the SBI PO salary slip 2024. Thus, the SBI PO salary slip will give you a clear idea regarding the emoluments. SBI PO salary slip is given below. Particulars of SBI PO Salary Slip 2024 Amount Basic Pay INR 48480 (plus 4 advance increments) Special Allowance INR 14967 Dearness Allowance INR 14336 City Compensatory Allowance INR 2300 Learning Allowance INR 850 House Rent Allowance INR 5648 Gross SBI PO Salary INR 94581 (approx.) Deduction (PF / Income Tax / Professional Tax / Pension) INR 9617 Net SBI PO Salary in hand 2024 Rs.84964 (approx.)

Is the SBI PO exam difficult?

The SBI PO exam is difficult but doable. There are some factors which make SBI PO a bit challenging for aspirants. These are as follows: 1. There is a limit to the number of attempts. The aspirants feel pressured to clear the exam with their allotted attempt limits. 2. Standard and tricky questions from sections such as reasoning and DI are common in SBI PO papers. 3. The number of aspirants appearing for SBI PO is not only huge but also diverse. An art stream candidate may have to compete with the already selected clerk of the bank. 4. The time limit is very strict for both the prelim and mains. You have only one hour for the prelims, with 100 questions, and three hours for the 155-question mains. 5. You have to clear sectional cutoffs separately, so you have to be good in all sections equally. 6. The one-fourth negative marking scheme is a challenge, and the aspirant feels the pressure of losing. 25 marks 7. The surprise questions in the main stage further increase the pressure on aspirants. 8. Finally, the group discussion and interview rounds are also very challenging and require quick thinking. However, if you have practiced well and followed a clear strategy, then the SBI Bank PO exam could be cleared.

What is SBI PO salary structure?

SBI PO salary structure is given below. Basic Pay-INR 41,960 Special Allowance-INR 6,881 DA-INR 12,701 Location Allowance-INR 700 Learning Allowance-INR 600 HRA-INR 2,937 Gross Salary-INR 65,780 Deduction (PF/Income Tax/Professional Tax/Pension)-INR 12,960 Net Salary-INR 52,820. The structure of SBI PO salary is given below. Basic Pay INR 41,960 Special Allowance INR 6,881 DA INR 12,701 Location Allowance INR 700 Learning Allowance INR 600 HRA INR 2,937 Gross Salary INR 65,780 Deduction (PF/Income Tax/Professional Tax/Pension) INR 12,960 Net Salary INR 52,820

What is the starting basic salary of SBI PO?

The initial basic SBI PO salary is INR 41,960 (with four advanced increments). This means PO gets a basic of INR 36000 with an increment of INR 1490 for the next seven years, followed by a basic of INR 46430 with an annual increment of INR 1740 for the next two years, and so on. The maximum basic salary will be INR 63840. The pay scale of a Probationary Officer/ Management Trainee is INR 36000-1490/7-46430-1740/2-49910-1990/7-63840. For aspirants seeking jobs in the banking sector, SBI PO is one of the most sought-after job with a considerable career growth option. SBI PO salary is inclusive of multiple benefits and allowances that every employee is liable to get.

What is the standard of SBI PO syllabus?

The standard of SBI PO syllabus is of graduation level. The syllabus of SBI PO is different for prelims and Mains exams. SBI PO syllabus for the prelims exam comprises topics from Quantitative Aptitude (QA), English Language, and Reasoning Ability. The syllabus for the Mains exam comprises topics from Quantitative Aptitude (QA), English Language, and Reasoning Ability. SBI PO syllabus is given below: Reasoning Ability: Logical Reasoning, Data Sufficiency, Seating Arrangement, Puzzles, Syllogism, Coding-Decoding, Input-Output and many more. English Language: Reading Comprehension, Cloze Test, Para Jumbles, Fill in the blanks, Multiple Meaning /Error Spotting, etc. Quantitative Aptitude: Simplification, Simple Interest & Compound Interest & Surds & Indices, Time & Distance, Work & Time, Ratio & Proportion, Percentage, Data Interpretation, Number Systems, etc. General Awareness: Current Affairs, Financial Awareness, General Knowledge, Static Awareness, Banking Terminologies Knowledge, Banking Terminologies Knowledge, Principles of Insurance

How many vacancies are announced for SBI PO 2024-25?

SBI PO 2024-25 is given below for different categories. SBI PO Vacancy 2024-25 Category SC ST OBC EWS UR Total Regular Vacancies 87 43 158 58 240 586 Backlog Vacancies 14 14 Total 87 57 158 58 240 600

How many SBI PO vacancies were unannounced in 2020?

In 2020, a total of 2000 vacancies were unannounced for SBI PO exam. Out of the total vacancies, a total of 810 vacancies were unannounced for General category, 200 for EWS category, 540 for OBC, 150 for ST, 300 for SC. SBI PO 2020 vacancies are given below. Category SBI PO 2020 vacancies SC 300 ST 150 OBC 540 EWS 200 General 810 Total 2000

How many vacancies were unannounced for SBI PO in 2021?

In 2021, a total of 2056 vacancies were unannounced. The number of regular vacancies were 2000. The total number of backlog vacancies were 56. A total of 810 vacancies were unannounced for General category, 200 for EWS, 540 for OBC, 150 for ST and 300 for SC. SBI PO 2021 vacancy break-up is given below. Category Vacancy Backlog Total SC 300 24 324 ST 150 12 162 OBC 540 20 560 EWS 200 - - GEN 810 - 810 Total 2000 56 2056

How many SBI PO vacancies were announced in 2022?

In 2022, a total of 1673 vacancies were unannounced for SBI PO. A total of 648 vacancies were unannounced for General category, 160 vacancies were unannounced for EWS category, 432 vacancies were unannounced for OBC category, 120 vacancies were unannounced for ST category and 240 vacancies were unannounced for SC category. The category-wise total number of vacancies are given below. Category Vacancy Backlog SC 240 30 ST 120 11 OBC 432 32 EWS 160 - GEN 648 - Total 1600 73

What is the selection process of SBI PO?

SBI PO exam is conducted in three phases-prelims, Mains, and group exercises and interview. The prelims exam comprises English Language, Quantitative Aptitude, Reasoning Ability. The total marks allotted to the prelims exam are 100. The mains exam comprises both subjective and objective-type tests. The total marks allotted to the mains exam are 250. The final selection is done on the basis of Mains exam and group exercises and interview. Candidates are also required to appear for the psychometric test before group exercises and interview. The performance in the psychometric test is shared with the interview panel. The psychometric test is qualifying in nature. The Group Exercises and Interview carries 50 marks.

Which post is given to SBI PO at the time of joining?

On joining, the selected candidates will be designated as Probationary Officers and may be on probation for two years. They will be subjected to continuous assessment, as per Bank's extant policy, during the probation period. Those candidates who qualify in the assessment as per standards determined by the Bank from time to time, will be confirmed in the Service of the Bank in Junior Management Grade Scale-I (JMGS-I).

Do I need to sign bond after getting selected as SBI PO?

The selected candidates at the time of joining are required to execute a Bond for a value of 2.00 Lacs ( Two Lacs only) to serve the Bank for aminimum period of three years. The Bond is invoked by the Bank if the candidate resigns from the service of the Bank before expiry of three years from the date of joining.

What is the probation period of SBI PO?

Candidates selected through SBI PO exam will be on a probation for two years. Candidates during the probation period are subject to continuous assessment. Those who qualify in the assessment as per the standards determined by the bank from time to time will be confirmed to the post of Junior Management Grade Scale-I (JMGS-I). The selected candidates at the time of joining are required to sign a bond of INR 2 Lacs. They need to serve for a period of three years or else the bond will be invoked by the bank if the candidate resigns from the service of the bank before expiry of three years from the date of joining.

What are the allowances given to SBI PO?

Candidates selected to the post of Probationary Officers are eligible for DA, HRA/Leave rental, CCA, Medical and other allowances and perquisites. SBI offers a very lucrative salary package compared to other public sector banks. The total package of SBI PO is INR 8.20 Lacs (minimum) and INR 13.08 Lacs (maximum) depending on the place of posting. The details regarding the allowance are given below. Allowance Amount Dearness Allowance 26% of the Basic Pay City Compensatory Allowance 3%-4% depending on location House Rent Allowance 7%-9% depending on place of posting Furniture Allowance INR 1,20,000 Medical Insurance 100% covered for employee (75% covered for dependent family) Travelling Allowance AC 2-tier fare is reimbursed to the employee for official travels Petrol Allowance INR 1,100-1,250 Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. Varies based on Cadre

Can SBI PO become a manager?

Yes, SBI POs can become managers after getting promoted. There are two ways: 1. Direct promotion after training: This is the first opportunity to become a manager for PO. They can take a cumulative promotion test to get promoted to the post of deputy manager (scale 2). This opportunity is offered after completion of training. 2. Service year based: This is a regular way and POs will get seniority-based promotions per year of service. The Probationary Officer can be promoted to the post of Chief General Manager.

Is SBI PO a government job?

Yes, the post of probationary officer in the State Bank of India is considered a government job. This is because the government of India has a 57.6% shareholding in SBI bank. As a result, the SBI is treated as a public sector bank and its employees are treated as government employees. However, it is very different from a typical government job in many aspects, as the government does not completely own SBI. If you want to apply for an SBI PO job, then you can visit this page to know in detail about the SBI PO exam process.

What are the career opportunities in SBI?

Candidates shortlisted for SBI PO are required to undergo training regarding the basic banking knowledge before joining as Probationary Officer. At the time of the joining, candidates are required to sign a bond of INR 2 lakh. They need to serve the bank for a minimum of three years. After the probationary period, candidates are confirmed to the post of Junior Manager Grade Scale I (JMGS-I). The promotion positions offered to candidates are as follows: Assistant Manager Deputy Manager Chief Manager Assistant General Manager Deputy General Manager General Manager Chief General Manager Deputy Managing Director Managing Director Chairman

What is SBI PO job profile?

SBI PO job role includes supervising clerical activities, customer service, processing loans, opening bank accounts, etc. The common tasks of a probationary officer include gaining practical knowledge of various banking aspects, Customer Services (which may range from passbook printing to account opening and much more), supervision of clerical work, Loan Processing, etc.

SBI PO Salary 2025: Revised In Hand Salary, Pay Scale, Salary Slip

349 Students Q&A

Exam On - 8 Mar '25

Updated on Jan 24, 2025 15:11 IST

By Anangsha Patra, Deputy Manager – Editorial

SBI PO Salary 2025: State Bank of India (SBI) has revised SBI PO salary. According to SBI PO 2025 notification, the starting basic pay has been revised to INR 48,480 (Plus four advance increments). SBI PO payscale is INR48480-2000/7-62480-2340/2-67160-2680/7-85920 which applies to Junior Management Grade Scale-I. Candidates are eligible for DA, HRA, CCA, PF, Contributory Pension Fund i.e., NPS, LFC, Medical Facility, Lease rental facility etc., and other allowances & perquisites as per rules in force from time to time. The approximate CTC at the initial scale of pay at Mumbai Centre is INR 18.67 Lakh.

For Banking aspirants, SBI PO is one of the most sought-after jobs considering the SBI PO salary and career growth option. SBI PO salary structure is released by SBI in the official notification PDF. SBI PO salary is inclusive of multiple benefits and allowances that employees are liable to get. Besides, the basic SBI Scale 1 salary, candidates are also entitled to various allowances, perks, and benefits. The post of Probationary Officer is one of the most demanding and desirable jobs in India. SBI PO is responsible for multiple operations such as finance, accounting, billing, investment, revenue collection, etc. In this article, we have explained in detail SBI PO salary, allowances,benefits, and many more.

Q: What is SBI PO Salary?

SBI PO salary is inclusive of multiple benefits and allowances that employees are liable to get. The revised basic SBI PO salary is INR 41,960. Besides, the basic SBI Scale 1 salary, candidates are also entitled to various allowances, perks and benefits. The post is of Junior Management Grade Scale-I. SBI PO pay scale is INR 36,000-1490/7-46430-1740/2-49910-1990/7-63840. The Gross compensation offered to candidates lies between INR 8.20 Lakhs (minimum) to INR 13.08 lakhs (maximum) per annum. The SBI Probationary Officers are eligible for Lease Rental/ HRA, DA, Medical, CCA and other allowances besides basic pay. The salary of candidates also depends on the place of posting.

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Q: What is the revised salary of SBI PO?

Presently, the starting basic pay is INR 48,480 (Plus 4 advance increments) in the scale of 48480-2000/7-62480-2340/2-67160-2680/7-85920 applicable to Junior Management Grade Scale-I. The official will be eligible for DA, HRA, CCA, PF, Contributory Pension Fund i.e., NPS, LFC, Medical Facility, Lease rental facility etc. and other allowances & perquisites as per rules in force from time to time. The approximate CTC at initial scale of at Mumbai Centre is INR 18.67 Lakh.

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Q: Will 8th Pay Commission impact SBI PO salary?

The 8th Pay Commission was approved by the centre recently. Students had the query whether there will changes in the SBI PO salary due to the 8th Pay Commission. There will be no changes ine salary structure since the salary structure of SBI PO operates independently of Central Pay Commission's recommendations. The salary of public sector bankers will not be influenced by the 8th Pay Commission due to the independent and sector-specific mechanism of Bipartite settlements.

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Q: How does the SBI PO salary compare to private sector bank salaries for similar positions?

The probationary officers working in SBI enjoys a good salary package. The salary of those working in the private sector banks in the same position are offered less salary. The emoluments and benefits given to SBI PO are attractive compared to PO in private sector banks. The revised basic SBI PO salary is INR 41,960. Besides, the basic SBI Scale 1 salary, candidates are also entitled to various allowances, perks, and benefits. The post of Probationary Officer is one of the most demanding and desirable jobs in India. The PO in SBI is responsible for multiple operations such as finance, accounting, billing, investment, revenue collection, etc.

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Q: What deductions are done in SBI PO salary?

The in-hand salary of a Probationary Officer at the SBI becomes INR 52,820 after deductions from the gross salary which is INR 65,780. The salary of SBI PO after deductions is given below.

Particulars	Amount
Income Tax	INR 3,290
Professional Tax	INR 200
PF Contribution	INR 4,196
Contributory Pension Fund	INR 5,274
Total Deductions	INR 12,960

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Q: Are there any special incentives or bonuses for SBI PO employees who excel in their performance?

SBI provides an annual performance bonus to its employees, including POs, based on their performance during the financial year. The bonus amount is determined by factors such as individual performance, team performance, branch performance, and overall bank performance.

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SBI PO Salary 2025

Candidates selected as Probationary Officers in SBI not only hold a very reputed position but also are entitled to various perks and allowances. The salary of SBI PO 2024 is more compared to other public sector banks in the country. SBI PO salary is set as per the Bipartite Settlement. State Bank of India offers one of the best SBI scale 1 salary to the Probationary Officer.

SBI PO Salary Structure

At present, the starting basic is INR 41,960 (with 4 advance increments). SBI PO pay scale is INR 36,000-1490/7-46430-1740/2-49910-1990/7-63840. The post is of Junior Management Grade Scale-I. The official will also be eligible for DA, HRA/Lease rental, CCA, Medical, and other allowances & perquisites as per rules in force from time to time. Candidates working as SBI PO earns a higher take-home salary than any other bank PO. They get more allowances as well. SBI PO salary also differs on the place of posting. The employees posted in metropolitian cities get higher pay. Candidates are also entitled to PF, LTC, etc.

Also Read:

SBI PO Exam Pattern

SBI PO Syllabus

SBI PO In-Hand Salary

SBI PO in hand salary ranges between INR 52,000 to 55,000 per month with the basic pay of INR 41,960. The Gross compensation received lies between INR 8.20 Lakhs (minimum) to INR 13.08 lakhs (maximum) per annum. The SBI Probationary Officers are eligible for Lease Rental/ HRA, DA, Medical, CCA and other allowances besides basic pay.

SBI PO Increment

SBI PO salary and in-hand salary is subject to increment every year. On the basis of the period of service, a fixed amount of increment is given to candidates. The increment offered to SBI PO is given below.

Period	Increment (In INR)	Basic Salary (In INR)
First 7 years	1490	36,000
Next 2 years	1740	46,430
Another 7 years	1990	63,840

SBI PO Salary Deduction

SBI PO receives various benefits and allowances and in terms of deductions they can claim while filling the ITR. The deductions in the SBI PO salary structure are given below.

Particulars	Amount (INR)
PF Contribution	4,196
Income Tax	3,290
Professional Tax	200
Contributory Pension Fund	5,274
Total Deductions	12,960

SBI PO Perks and Allowances

SBI PO enjoys numerous monthly perks and allowances which is INR 4000 approximately. Candidates also get loans at concessional rates. They are also entitled to leave fare or travel concession. Some of the SBI PO perks and allowances are given below:

Basic Pay	INR 41,960 (with 4 advance increments). The pay scale is INR 36000-1490/7-46430-1740/2-49910-1990/7-63840
Dearness Allowance	DA is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently, DA is 46.9 per cent of the basic pay
City Compensatory Allowance (CCA)	CCA varies with the place of posting of 4 per cent or 3 per cent
Leased House Accommodation	SBI PO is entitled to take a house on lease. The amount of which varies with posting between a minimum of INR 8000 (in rural areas) and a maximum of INR 29, 500 (In Mumbai)
Furniture Allowance	INR 12,0000 for the purchase of furniture
Medical Insurance	100 per cent of medical coverage for SBI employees and 75 per cent for their family members
Travelling Allowance	For official travels, reimbursement of AC 2-tier fare is provided
Petrol	50 Lts (For 2 wheelers) Or 55 Lts (For 4 Wheeler) Or Approx. INR 1100-1250 if you do not have 2/4 wheelers (conveyance allowance)

SBI PO Job Profile

The job profile of SBI PO is given below:

Candidates are given training regarding basic banking knowledge before joining through an online course
They are required to complete the course before joining
Selected candidates at the time of joining are also required to sign a bond of INR 2 lakhs
They are required to serve the bank for a minimum period of three years
The officers will be on probation for two years
They are subjected to continuous assessment during the probation period
Candidates meeting the parameters are confirmed in the service
Those who achieve higher scores are considered for direct placement in the next higher grade, Middle Management Grade Scale-II (MMGS-II) immediately after confirmation

Also Read:

SBI PO Preparation Tips

SBI PO Books

SBI PO Vacancy

SBI PO vacancies are announced along with the notification. More than 2000 vacancies are announced for the exam. SBI PO vacancy break-up is given below.

Category	SC	ST	OBC	EWS	UR	Total
Regular Vacancies	87	43	158	58	240	586
Backlog Vacancies		14				14
Total	87	57	158	58	240	600

SBI PO Career Growth

SBI offers immense growth opportunities to candidates. Candidates joining as PO can reach up to the level of Chairman. The promotion hierarchy of SBI PO is given below:

SBI PO Promotion Hierarchy

Probationary Officer (Assistant Manager, JMGS - I)
Deputy Manager (MMGS)
Manager (MMGS)
Chief Manager (MMGS)
Assistant General Manager (SMGS)
Deputy General Manager (TEGS)
Chief General Manager (TEGS)
General Manager (TEGS)

SBI PO Salary: Know the Annual Package

SBI PO salary is the highest among all the public sector banks in India. SBI offers a total compensation or salary package which is minimum INR 8.20 Lakhs and a maximum INR 13.08 Lakhs. This depends on the place of posting and various other factors.