What is SBI PO salary in hand?

SBI PO (Probationary Officer) is one of the most coveted banking jobs in India, and for good reason — it offers one of the highest salary packages among all public sector banks. The SBI PO in-hand salary is approximately ₹80,000 to ₹82,000 per month, with a starting basic pay of ₹48,480, which increases to ₹56,480 with four advance increments.
The revised pay scale after the 12th Bipartite Settlement is ₹48,480 – 2,000(7) – 62,480 – 2,340(2) – 67,160 – 2,680(7) – ₹85,920, ensuring steady annual increments throughout the career.
The gross salary of an SBI PO is approximately ₹94,581 per month, and after standard deductions, the in-hand salary ranges between ₹84,000 and ₹85,000. Oliveboard The salary varies by city of posting, as HRA and City Compensatory Allowance (CCA) differ across X, Y, and Z category cities.
Key allowances include Dearness Allowance (DA), House Rent Allowance (HRA) ranging between 7% to 9% of basic pay, City Compensatory Allowance (CCA) of 3–4%, Special Allowance, Learning Allowance, and Travel Allowance.
The approximate CTC at the initial scale at the Mumbai centre is ₹20.43 lakhs per annum, making it significantly higher than other public sector banks.
After 5 years of service, an SBI PO can expect a monthly salary of around ₹60,270, with regular increments based on years of service. The promotion path follows: PO (JMGS-I) → Assistant Manager → Deputy Manager → Manager → Senior Manager → Chief Manager → Assistant General Manager → Deputy General Manager → General Manager → Chairman — with each promotion bringing a substantial salary hike.
Additional perks include pension scheme, 100% medical coverage for self and 75% for family members, Leave Travel Concession, and concessional interest rates on home and car loans. Candidates must also sign a ₹2 lakh bond agreeing to serve for at least 3 years after joining.