SBI PO Salary 2026

SBI Probationary Officers are appointed in Junior Management Grade Scale-I (JMGS-I). As per the 2026 advertisement, the starting basic pay is Rs 48,480 with 4 advance increments, which SBI gives to POs on joining.

Pay scale (JMGS-I)

Stage	Basic pay
Start of scale	Rs 48,480
7 increments of Rs 2,000	up to Rs 62,480
2 increments of Rs 2,340	up to Rs 67,160
7 increments of Rs 2,680	up to Rs 85,920

Cost to company (CTC)

The 2026 advertisement states that the approximate CTC at initial pay in Mumbai is about Rs 21.97 lakh per year. The actual amount depends on place of posting and the bank's rules at that time.

Allowances and benefits

Dearness Allowance, House Rent Allowance or leased accommodation and other allowances, as per SBI rules
Other perks and benefits as applicable to JMGS-I officers (see the advertisement)

Probation and bond

Item	Details
Probation period	2 years, with continuous assessment
Service bond	Rs 2 lakh
Minimum service	3 years from joining

After probation and internal exams, POs can be promoted to Middle Management Grade (Scale II) and higher, up to top management positions in the bank.

Source: SBI PO Advertisement CRPD/PO/2026-27/09 (copy), SBI Careers – Current Openings

SBI PO Salary 2026