SBI PO Salary Per Month: Pay Scale, Allowances and Worked In-Hand Calculation 2026

The sbi po salary per month in hand is an estimated Rs 92,015 to Rs 94,244, before any state-specific professional-tax difference. These are estimates worked out step by step below, using Dearness Allowance of 31.33% — the current bank DA rate from 1 November 2026. The State Bank of India publishes only the pay scale and its own CTC figure in the PO notification, never an in-hand figure, so every in-hand number in this guide is labelled as an estimate and the maths is shown in full. A Probationary Officer starts at a basic pay of Rs 48,480 in the JMGS-I scale, plus four advance increments that take the effective starting basic pay to Rs 56,480 a month. For a bank clerk pay comparison, read our SBI Clerk Salary Per Month guide.

SBI PO Salary Per Month 2026 – Overview

One correction first, because most salary pages online get it wrong: the starting basic pay is not Rs 48,480 and not a mystery — the scale starts at Rs 48,480, and the four advance increments of Rs 2,000 each that SBI gives every new PO take the effective starting basic to Rs 56,480. The same confusion runs through the DA rate: pages quoting Rs 80,000 to Rs 86,000 in hand were built on DA 19.83%, the rate in force in early 2026. The current bank DA rate is 31.33% from 1 November 2026, and this guide works the maths at that rate.

SBI PO Pay Scale 2026 – JMGS-I

The Probationary Officer post sits in Junior Management Grade Scale-I under the 12th Bipartite Settlement. The pay scale, more than anything else, decides the salary, because basic pay, DA, special allowance and the NPS deduction all flow from it.

What the notification says. The SBI advertisement states: “Presently, the starting basic pay is 48,480/- (plus 4 advance increments)” in the JMGS-I scale, plus DA, HRA, CCA, PF, NPS, LFC, medical and lease rental facilities. SBI puts the approximate CTC at the initial scale at the Mumbai centre at Rs 21.97 lakh per annum. That CTC figure adds the bank’s NPS share, the leased-accommodation value, medical, LFC and other perquisites on top of the cash salary, so it is higher than the cash in-hand figure by design.

SBI PO Allowances Breakdown

Basic pay is only part of the salary. Four allowances make up most of the rest of the SBI PO salary per month, and all of them follow the 12th Bipartite Settlement, not the bank alone.

Dearness Allowance (DA) – 31.33% of pay. DA is 31.33% of basic pay plus special allowance, the bank DA rate from 1 November 2026 (November 2026 to January 2027 quarter, per the IBA circular dated 2 November 2026). For a PO that is Rs 22,384 a month. Bank DA is revised every quarter on the All India Consumer Price Index for Industrial Workers, and it is a different rate from the central-government DA of 63% — the two must never be mixed. The previous quarter (August to October 2026) was 27.83%, and the 19.83% figure still quoted on most salary pages is from early 2026.

Special Allowance – 26.50% of basic pay, with DA on it. Special Allowance is 26.50% of basic pay, which is Rs 14,967 a month, and DA is paid on it as well — so the special-allowance line in the table below is Rs 14,967 plus Rs 4,689 of DA on it, counted inside the total DA figure. It is part of the monthly salary but does not count towards pension, PF, NPS or gratuity.

Learning Allowance – Rs 850, plus DA on it. Learning Allowance is Rs 850 a month, plus DA on it — Rs 1,116 a month in total at the current rate.

House Rent Allowance (HRA) – 9%, 8% or 7% of basic pay. HRA for officers is 9% in metro cities, 8% in urban areas and 7% in semi-urban and rural areas. For a PO, that is Rs 5,083 a month at the 9% rate and Rs 3,954 at the 7% rate. SBI also offers leased accommodation in place of HRA — typically worth about Rs 25,000 to Rs 35,000 a month in metro cities — and a PO who takes leased accommodation does not draw HRA. The worked table below uses HRA, not leased accommodation.

City Compensatory Allowance (CCA) – Rs 1,200 to Rs 2,300. The city compensatory or location allowance depends on the place of posting and runs from about Rs 1,200 a month in smaller centres to about Rs 2,300 in metros.

Other perks – not in the table below. A Probationary Officer also gets medical benefits, Leave Fare Concession, petrol and newspaper allowances, furniture allowance and concessional loans. These vary by posting and are not cash in the monthly pay slip, so the worked table below covers only the fixed monthly pay — basic pay, special allowance, DA, learning allowance, HRA and CCA.

SBI PO Salary Per Month – Worked Calculation

Here is the full worked calculation for a Probationary Officer at the effective starting basic pay of Rs 56,480, with DA at 31.33%. Gross pay is basic plus special allowance plus DA plus learning allowance plus HRA plus city compensatory allowance; the deductions are NPS and professional tax. Income tax is nil at this pay under the new regime, as explained below.

So the SBI PO salary per month is an estimated Rs 92,015 to Rs 94,244 in hand, before any state-specific professional-tax difference. The range is narrow because bank HRA varies by only 2 points across areas — unlike central-government HRA, which swings from 10% to 30%. The worked model follows the same component method as our verified IBPS PO package, updated to the current DA rate of 31.33%.

SBI PO Salary Per Month – Summary Table

Read this before trusting any in-hand figure online. SBI publishes the pay scale and its own CTC figure only; no in-hand figure is published officially. The figures above are estimates worked out from the verified DA, special allowance, learning allowance, HRA and CCA rates, minus NPS and professional tax. Pages quoting Rs 80,000 to Rs 86,000 were built on DA 19.83% and, in several cases, on the scale-start basic of Rs 48,480 instead of the effective starting basic of Rs 56,480. At the DA rate in force when the advertisement was issued (27.83%), the same components give a gross of about Rs 97,600 to Rs 99,800 and an in-hand of about Rs 89,700 to Rs 92,000 — the in-hand figure moves with the quarterly DA revision, which is why this guide states its DA rate and date.

Deductions from SBI PO Salary

Gross pay is not take-home pay. The deductions from the SBI PO salary per month are straightforward, because the largest one is a fixed percentage.

National Pension System (NPS) – 10% of basic pay plus DA. This is the largest fixed deduction. For a PO it is 10% of Rs 56,480 plus Rs 22,384, which is Rs 7,886 a month. The bank adds its own 14% share on top, but that share does not appear in the monthly pay slip. Special Allowance does not count towards NPS.

Professional tax – about Rs 200 a month. Professional tax is about Rs 200 a month in most states and Rs 300 in Maharashtra. The worked table uses Rs 200, so a Maharashtra posting would be about Rs 100 a month lower in hand.

Income tax – nil at the starting salary. Under the new tax regime for 2026-27, total income up to Rs 12 lakh carries no tax after the rebate, and salaried employees get a Rs 75,000 standard deduction. The annual gross cash pay of about Rs 12.0 to Rs 12.3 lakh falls below Rs 12 lakh after the standard deduction, so no income tax applies at the starting salary. Tax will apply as the salary rises with increments and promotions.

SBI PO Salary After 12th Bipartite Settlement

The PO salary is governed by the 12th Bipartite Settlement, signed on 8 March 2024 and effective from 1 November 2022 to 31 October 2027. The settlement raised payslip costs by 17% and fixed the current officer pay scale, the 26.50% special allowance and the DA formula. The starting basic pay of Rs 56,480 rises by annual increments under the scale, so the SBI PO salary per month rises every year even without a promotion, and the pay scale runs up to Rs 85,920 at the top of JMGS-I.

13th Bipartite Settlement status. The 13th Bipartite Settlement, due from 1 November 2027, has not been signed as of November 2026. The 8th Pay Commission does not apply to bank employees. That means there is no official revised salary figure for POs yet beyond the 12th settlement, and any figure circulating on social media or coaching websites as a “13th settlement salary” is speculation. This guide will be updated when the new settlement is officially signed.

Job Profile and Career Growth in SBI PO

A Probationary Officer is the entry-level officer of the State Bank of India — branch banking, customer service, credit appraisal, marketing of bank products, compliance and, after the two-year probation, independent charge of branch functions. The post is a generalist officer role with all-India transfer liability, which is why the recruitment tests reasoning, English, data analysis and general awareness alongside a psychometric test and interview.

Promotion runs from Probationary Officer (JMGS-I) to Deputy Manager (MMGS-II), Manager (MMGS-III), Chief Manager (SMGS-IV) and Assistant General Manager (SMGS-V) and above, through internal promotion channels. JAIIB and CAIIB qualifications add increments under bank rules. The salary therefore rises on three tracks at once: the annual increment, the quarterly DA revisions, and promotion to higher grades.

SBI PO Recruitment – Latest Status (2026 Cycle)

The latest recruitment is Advertisement No. CRPD/PO/2026-27/09 for 1,500 Probationary Officer posts, released on 18 June 2026. Applications ran from 18 June to 8 July 2026, the Preliminary Examination was held in August 2026, and the Main Examination was held on 12 September 2026. The Mains result was declared in October 2026, and Phase III is now under way — the psychometric test was scheduled for 31 October 2026, with the group exercise and interviews from 18 November 2026. The final result is expected in November to December 2026. The age limit is 21 to 30 years as on 1 April 2026, and the qualification is graduation in any discipline. Candidates waiting for the next cycle should watch sbi.co.in/careers. For other open recruitments, see our Active Govt Jobs page.

Important Links

Frequently Asked Questions (FAQs)

What is the SBI PO salary per month in hand?

The SBI PO salary per month in hand is an estimated Rs 92,015 to Rs 94,244, before any state-specific professional-tax difference. SBI publishes only the pay scale and its CTC figure, so every in-hand figure is an estimate worked out from the DA rate of 31.33%, special allowance, learning allowance, HRA and city compensatory allowance, minus NPS and professional tax.

What is the basic pay of SBI PO?

The starting basic pay of an SBI Probationary Officer is Rs 48,480 in the JMGS-I scale, plus four advance increments of Rs 2,000 each, which take the effective starting basic pay to Rs 56,480 per month. The pay scale is Rs 48,480-2000/7-62,480-2340/2-67,160-2680/7-85,920, as fixed in advertisement CRPD/PO/2026-27/09.

What is the DA rate for SBI PO salary in 2026?

Dearness Allowance is 31.33% of basic pay plus special allowance, the bank DA rate from 1 November 2026 (November 2026 to January 2027 quarter, per the IBA circular dated 2 November 2026). For a PO that is Rs 22,384 a month. Pages quoting an in-hand salary of Rs 80,000 to Rs 86,000 were built on the older DA rate of 19.83% from early 2026.

How much HRA do SBI POs get?

HRA is 9% of basic pay in metro cities, 8% in urban areas and 7% in semi-urban and rural areas. For a PO, that is Rs 5,083 a month at the 9% rate and Rs 3,954 at the 7% rate. SBI also offers leased accommodation in place of HRA, typically worth about Rs 25,000 to Rs 35,000 a month in metro cities, and a PO who takes it does not draw HRA.

What is the CTC of SBI PO?

SBI states the approximate CTC of a Probationary Officer at the initial scale at the Mumbai centre as Rs 21.97 lakh per annum. CTC is not the in-hand salary — it adds the bank’s NPS share, the leased-accommodation value, medical, LFC and other perquisites on top of the cash salary, so it is higher than the cash in-hand figure of about Rs 92,015 to Rs 94,244 a month by design.

What deductions apply to SBI PO salary?

The main deduction is the NPS contribution of 10% of basic pay plus DA — Rs 7,886 a month for a PO. Professional tax is about Rs 200 a month in most states and Rs 300 in Maharashtra. Income tax is nil at the starting salary under the new regime, because the taxable income stays under the Rs 12 lakh rebate limit after the Rs 75,000 standard deduction.

What is the qualification and age limit for SBI PO?

SBI PO needs graduation in any discipline, and the age limit is 21 to 30 years as on 1 April 2026, as fixed in advertisement CRPD/PO/2026-27/09. The latest recruitment is for 1,500 Probationary Officer posts, with applications closed on 8 July 2026.

What is the selection process for SBI PO?

The selection process has three phases: a Preliminary Examination (100 questions, 100 marks, 60 minutes, qualifying only), a Main Examination (objective test of 200 marks plus a descriptive test of 50 marks), and Phase III — a psychometric test, a group exercise of 20 marks and an interview of 30 marks. The final merit is prepared from Phase II (75%) and Phase III (25%).

What is the latest status of SBI PO recruitment 2026?

The SBI PO 2026 recruitment is for 1,500 posts under advertisement CRPD/PO/2026-27/09 dated 18 June 2026. The Mains examination was held on 12 September 2026 and the Mains result was declared in October 2026. Phase III is under way, with the psychometric test on 31 October 2026 and the group exercise and interviews from 18 November 2026, and the final result is expected in November to December 2026.

Will the 13th Bipartite Settlement increase SBI PO salary?

The 13th Bipartite Settlement, due from 1 November 2027, has not been signed as of November 2026, and the 8th Pay Commission does not apply to bank employees. No official revised salary figure exists yet, so any number circulating online as a 13th settlement salary is speculation.

For more government jobs and daily updates, browse the Latest Jobs section of New Sarkari Results, and always verify the final details in the official SBI advertisement CRPD/PO/2026-27/09 on sbi.co.in

Written by Ravi Singh

Ravi Singh is the Editor (Government Jobs) at New Sarkari Results, an independent information portal for Sarkari Result, Sarkari Naukri, admit card, answer key, syllabus and admission updates. He has 10+ years of experience covering Government Jobs, Railway Jobs, SSC, Banking, Teaching, Police, Defence and state recruitment boards. Every update on this site is verified directly from the official notification PDF issued by the commission or board — never from third-party aggregators.