SBI PO Salary Increase Upto 20.43 LPA

The State Bank of India (SBI) has recently released the notification on 23rd June 2025, announcing 541 vacancies for the post of Probationary Officer (PO). With the last date to apply being 14th July 2025, candidates across the country are eyeing this golden opportunity. However, what has grabbed major attention this year is the impressive salary structure offered by SBI. According to the official notification, the Cost to Company (CTC) of an SBI PO posted in a metro city like Mumbai has reached up to ₹20.43 Lakhs per annum, making it one of the most financially rewarding banking positions in the public sector.

SBI PO Salary Increase Upto 20.43 LPA

The salary for SBI PO Recruitment 2025 clearly shows a significant leap in total compensation, making it a highly desirable job in the government sector. Suppose you are aiming for a well-paying career with a CTC of up to ₹20.43 LPA, a prestigious and secure banking position. In that case, this is the opportunity to prepare seriously and apply before July 14, 2025. With the competition intensifying each year, early preparation and awareness of what the role offers will give you the edge you need.

Also Read, SBI PO Notification 2025

Basic Pay Structure of SBI PO 2025

As per the pay scale shared by SBI, the starting basic pay for a Probationary Officer is ₹48,480/- with four advance increments. The pay follows the structure of:

₹48,480 – 2000(7) – 62,480 – 2340(2) – 67,160 – 2680(7) – 85,920

This means the PO will receive annual increments, and over the years, the basic salary can increase significantly depending on years of service and promotions. The structure is applicable to Junior Management Grade Scale-I. Alongside the basic pay, a range of attractive allowances and perks further boost the total compensation.

SBI PO CTC

One of the key highlights of this year’s notification is the mention of the approximate gross annual CTC being ₹20.43 Lakhs at a metropolitan posting such as Mumbai. This figure includes:

• Dearness Allowance (DA)
• House Rent Allowance (HRA) or Lease Rental
• City Compensatory Allowance (CCA)
• Provident Fund Contribution
• Contributory Pension Scheme (NPS)
• Leave Fare Concession (LFC)
• Medical benefits
• Miscellaneous perquisites like furniture allowance, books & magazine reimbursements, fuel allowance, mobile bills, etc.

Note: It’s important to note that this ₹20.43 LPA figure is a cost to company (CTC) estimate; actual in-hand salary would vary depending on the city of posting, housing arrangement (rented vs leased), and deductions like income tax, NPS contribution, etc.

Why SBI PO is Among the Most Preferred Bank Jobs?

With a competitive pay structure, excellent career progression, and benefits that rival private-sector jobs, SBI PO remains one of the top choices for banking aspirants. The ₹20.43 LPA salary reflects the responsibilities and expectations associated with the role. Moreover, it underlines SBI’s commitment to attracting top talent and retaining skilled officers by offering them compensation that reflects market dynamics and the cost of living.