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The starting basic pay for an SBI Probationary Officer is ₹48,480 plus four advance increments in the Junior Management Grade Scale-I pay scale:
₹48,480–2,000/7–62,480–2,340/2–67,160–2,680/7–85,920.
Selected officers may receive:
The approximate initial annual CTC at the Mumbai center is ₹21.97 lakh.
Selected candidates must complete an online course covering basic banking knowledge before joining.
At the time of joining, candidates must execute a service bond of ₹2 lakh to serve SBI for a minimum period of three years. The bond may be invoked if an officer resigns before completing the required service period.
Newly appointed Probationary Officers may remain on probation for two years and undergo continuous assessment. They may be posted or transferred to any SBI circle, office, subsidiary or associated organization according to administrative requirements.
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