IBA 12th Bipartite Settlement · JMGS-I · Updated Aug 2026

SBI PO Salary 2026

Full in-hand salary, gross pay, allowances, and pay scale for State Bank of India Probationary Officers under the IBA 12th Bipartite Settlement.

₹36,000

Starting Basic

₹52,785

Metro In-Hand

₹14.6 LPA

CTC

₹63,840

Pay Scale Max

SBI PO In-Hand Salary 2026 — City-wise

Based on DA 27.83% (Q3 2026). Figures are approximate; actual salary may vary slightly by posting.

Component	Metro A	Urban B	Other
Basic Pay	₹36,000	₹36,000	₹36,000
Special Allowance	₹5,940	₹5,940	₹5,940
Dearness Allowance	₹10,019	₹10,019	₹10,019
HRA	₹4,320	₹3,240	₹2,160
Transport Allowance	₹1,500	₹1,500	₹1,500
Gross Salary	₹57,779	₹56,699	₹55,619
PF (deduction)	−₹4,994	−₹4,994	−₹4,994
Net In-Hand	₹52,785	₹51,705	₹50,625

Metro A: Mumbai, Delhi, Chennai, Kolkata. Urban B: Bengaluru, Hyderabad, Pune, Ahmedabad, etc.

SBI PO Pay Scale Progression

Scale: ₹36,000 – 1490×7 – 46,430 – 1740×2 – 49,910 – 1990×7 – ₹63,840

Stage	Basic Pay	Approx. Gross	Remark
Joining (JMGS-I)	₹36,000	₹57,779	Probation: 2 years
After 3 years	₹40,470	₹63,500	3 increments of ₹1,490
After 7 years	₹46,430	₹72,800	Max of 1st slab
After 9 years	₹49,910	₹78,300	2 increments of ₹1,740
After 16 years (Max Scale I)	₹63,840	₹1,00,100	Before promotion to Scale II
On promotion to Scale II	₹56,750+	₹89,000+	Promotion typically in 3–5 years

Salary Components Explained

Basic Pay₹36,000

Fixed starting pay under IBA 12th Bipartite Settlement (JMGS-I).

Special Allowance (SA)16.5% of Basic

₹5,940/month. Part of pay slip; DA calculated on Basic + SA.

Dearness Allowance (DA)27.83% of Basic

₹10,019/month as of Q3 2026. Revised quarterly based on AICPI.

House Rent Allowance (HRA)6–12% of Basic

₹4,320 (Metro) / ₹3,240 (Urban) / ₹2,160 (Other). Applicable if bank quarters not availed.

Transport Allowance~₹1,500/month

Fixed conveyance allowance for commuting expenses.

Provident Fund (PF)12% of Basic (deducted)

₹4,320/month deducted from salary. Equal employer contribution toward pension/PF.

Frequently Asked Questions

What is the in-hand salary of SBI PO in 2026?

The in-hand (take-home) salary of an SBI PO in 2026 ranges from approximately ₹50,625 (other cities) to ₹52,785 (metro cities) per month. This is after deducting Provident Fund (₹4,994) and professional tax. The gross salary before deductions is ₹55,619–₹57,779.

What is the starting basic pay for SBI PO under 12th Bipartite?

The starting basic pay for an SBI Probationary Officer (JMGS-I) is ₹36,000 per month under the IBA 12th Bipartite Settlement. The pay scale is ₹36,000 – 1490×7 – 46,430 – 1740×2 – 49,910 – 1990×7 – ₹63,840.

What is the CTC of SBI PO?

The CTC (Cost to Company) for SBI PO is ₹14.6 LPA as stated in SBI's official notification. This includes basic pay, DA, HRA, allowances, employer PF contribution, leave fare concession, medical benefits, and other perquisites. The cash-in-hand component is approximately ₹50,000–₹53,000/month.

How does SBI PO salary increase over time?

SBI PO salary increases through annual increments within the JMGS-I pay scale. The scale has three slabs: ₹1,490 for 7 increments, ₹1,740 for 2, and ₹1,990 for 7 more. After reaching the maximum (₹63,840), the officer is due for promotion to Scale II. Most officers are promoted within 3–5 years.

Is SBI PO salary the same as IBPS PO salary?

Yes. Both SBI PO and IBPS PO follow the same IBA Scale I pay scale starting at ₹36,000. However, SBI may offer slightly higher total compensation due to SBI-specific perks such as concessional staff loans at lower interest rates and specific allowances. The in-hand salary is broadly similar.

What perks and benefits does SBI PO get beyond salary?

SBI POs receive several perks beyond salary: staff home loans at concessional interest rates (typically 1–2% below market rate), car loans at subsidised rates, medical reimbursement for self and family, Leave Fare Concession (LFC) twice in a block of 4 years, uniform allowance, and pension benefits under NPS (for post-April 2010 joiners).

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Disclaimer:Salary figures are approximate and based on IBA 12th Bipartite Settlement data and SBI official notifications. Actual in-hand salary may vary based on DA revision, posting city, and individual deductions. Verify with your HR or SBI's official communication.