SBI PO5-Year Saving Estimate

When you begin your career with SBI, you don't sign up for a routine 9 to 5 job. You commit to work in a dynamic, fast-paced culture providing you the most enjoyable work environment. Every day at SBI presents new opportunities for you to challenge yourself and flourish both professionally and personally.

Request a Call Back

SBI Promises You Growth

When you join SBI as a Probationary Officer (PO) then you sign up for one of the most prestigious posts in the banking sector. The State Bank of India has a strong work culture and offers plenty of opportunities to dedicated employees to thrive in this profession.

SBI offers the highest compensation in the banking sector for entry-level Probationary Officers. And with such high compensation in PO, all it comes to the financial habits you adopt. The best financial habit would be saving money and building a corpus for your future.

What can I do with SBI PO Salary

  • Is SBI PO salary sufficient?
  • Will I be able to buy a car after 3 years of service as SBI PO?
  • Will I be able to go on a foreign trip if I work as a probationary officer at?

Get all your questions answered below.

Your Corpus As SBI PO 2022

Here, we have estimated how much corpus can you build once you join SBI as PO. It is just an ideal scenario we are providing, however, it all depends on your expenditures and other factors.

The table below shows the approximate estimate of your corpus built in a time span of 10 years. Please note that this table only depicts the ideal case scenario. It may vary on individual circumstances.

How much you can accumulate in the First 5 Years as SBI PO

Tier 1 City Tier 2 City
Living On Rent Own a House On Rent Own a House
Gross Salary/month 60000 60000 60000 60000
Expenditure/month* 35000 20000 20000 15000
Saving/month 25000 40000 40000 45000
1st year you can save 300000 480000 480000 540000
By 2nd year, you can save 600000 960000 960000 1080000
By 3rd year, you could save 900000 1440000 1440000 1620000
By 4rd year, you could save 1200000 1920000 1920000 2160000
At the end of 5th year, your saving*** 1530000 2448000 2448000 2754000

*Excludes HRA

**The savings remains static if we account for increased salary and inflation

***Accounting for promotion and inflation

How much can you save in Another 5 Years as SBI PO

Tier 1 City Tier 2 City
Living On Rent Own a House On Rent Own a House
Gross Salary/month 70000 70000 70000 70000
Expenditure/month* 38000 26000 26000 20000
Saving/month 32000 44000 44000 50000
By 6th year, you can save 1914000 2976000 2976000 3354000
By 7th year, you can save 2298000 3504000 3504000 3954000
8th year Saving 2682000 4032000 4032000 4554000
9th year saving 3066000 4560000 4560000 5154000
10th year savings 3450000 5088000 5088000 5754000

*Salary increment and inflation