Looking for SBI CBO salary? If yes, then you have reached the right page. The State Bank of India releases the official notification for SBI CBO Exam to recruit eligible and interested candidates for the post of Circle Based Officers. All those candidates who are aspiring to apply for this post should ensure that they know all the details such as salary and job profile. SBI CBO basic pay is Rs.36,000 and payscale 36000-1490/7-46430-1740/2- 49910-1990/7-63840. Along with a handsome salary, there are many allowances and benefits that SBI CBO receives. Read this article to know all about SBI CBO salary and other details.
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Table of Content
- SBI CBO Salary
- SBI CBO In-hand Salary
- SBI CBO Allowances and Benefits
- SBI CBO Career Growth and Promotion
SBI CBO Salary
Candidates who are recruited as SBI CBO will be placed under Junior Management Grade Scale 1. The initial basic pay of the SBI Circle Based Officer has been incremented to Rs. 36,000/- on the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840 applicable to Junior Management Grade Scale-I. SBI CBO Salary sees an increment of 1 grade for every one year of service.
The net salary of SBI CBO officers amounts to Rs 50,296.24.
| SBI Circle Based Officer Salary 2023 | |
| Allowance | Amount |
| Pay Scale | 36000-1490/7-46430-1740/2- 49910-1990/7-63840 |
| Basic Pay | Rs. 36,000 |
| Dearness Allowance (DA) | Rs. 16,884 |
| House Rent Allowance (HRA) | Rs. 2520 |
| City Compensatory Allowances (CCA) | Rs. 1080 |
| Gross Salary | Rs. 58,484 |
| Deduction | Rs. 8187.6 |
| Net Salary | Rs. 50,296.24 |
Do you know What Is The In Hand Salary Of SBI PO?
SBI CBO In-hand Salary 2023
SBI CBO in-hand salary includes basic pay along with all the allowances. Candidates are also given an increment in each year of service. The starting basic pay is Rs. 36,000. The annual SBI CBO Salary lies within the range of Rs. 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum.
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SBI CBO Salary: Allowances and Benefits
There are various allowances and benefits that SBI CBO enjoys along with a handsome amount of salary. The details of SBI CBO allowances are as follows:| Allowance | Amount |
|---|---|
| Dearness Allowance | 46.9% of the Basic Pay |
| City Compensatory Allowance | 3% – 4% depending on location |
| House Rent Allowance | 7% – 9% depending on the Place of Posting |
| Medical Insurance | 100% covered for employee | 75% covered for dependent family |
| Travelling Allowance | AC 2-tier fare is reimbursed to the employee for official travels |
| Petrol Allowance | INR 1,100 – 1,250 |
| Newspaper Allowance,
Entertainment Allowance, Books Allowance, etc. |
Varies based on Cadre |
Along with these allowances there are various benefits such as :
- Pension Scheme
- Leave Fare Concession
- Concessional Interest Rates for Housing/Car/Personal Loans
- LTC (Leave Travel Concession)
SBI CBO Career Growth and Promotion
On recruitment, candidates are appointed to the post of Circle Based Officer. They have to serve a specific duration of probation period during which they are assessed. They will get a permanent job under Junior Management Grade Scale-I (JMGS-I). Candidates will be in the general cadre and promotions will take place as per the promotion policy of the bank for general cadre officers. The selected candidates will not be entitled to inner-circle transfer up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is later.
| SBI CBO Recruitment | IBPS PO Syllabus | SBI PO Eligibility Criteria | SBI PO Exam |
What is the initial basic pay of SBI CBO?
The initial basic pay of SBI CBO is Rs. 36,000.
What is the maximum basic pay that SBI CBO can receive?
SBI CBO can receive a maximum basic pay of Rs. 63840.
Is there any probation period for SBI CBO?
Yes there is a probation period for SBI CBO.
Does SBI CBO salary vary as per the location?
Yes, SBI CBO salary varies as per the location because of differences in HRA.
What is the total monthly salary of SBI CBO?
The total monthly salary of SBI CBO is approximately Rs. 50,296.24.