SBI CBO 2022: Salary, Job profile and Career growth

SBI CBO 2022: Salary, Job profile and Career growth

SBI CBO salary is a handsome salary along with some amazing perks as offered by the State Bank of India. The SBI CBO salary differs as per the Bank location.
In terms of pay, SBI CBO salary is definitely better than any other PSUs.

So, here ambitiousbaba is providing all the details about the SBI CBO salary, SBI CBO  job description, SBI CBO career growth etc.
Aspirants can check the details on SBI CBO Salary, Promotion, career opportunity, job profile, responsibilities etc. below:

SBI CBO Salary 

State Bank of India has provided the complete SBI CBO Salary split up in the official notification itself. Here we have provided detailed information about SBI CBO Salary pay scale. Aspirants those who got selected as Circle Based Officer in SBI will receive Initial emolument  the scale of Junior Management Grade Scale-I (JMGS-I) . The SBI CBO Salary scale is36000-1490/7-46430-1740/2- 49910-1990/7-63840. SBI CBO will receive Rs. 23700 as first salary. Along with one increment for each completed year of service in  Scheduled Commercial Bank and Regional Rural Bank, as on 01.08.2020.

SBI CBO Salary 2022
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
Other Allowances Rs. 2000
Gross Salary  Rs. 58,484
Deduction Rs. 8187.6
Net Salary  Rs. 50,296.24

 

This SBI CBO Salary is completely same as IBPS SO Salary. So candidates can do their interview wisely to get selected for SBI CBO Vacancy.

SBI CBO In-hand Salary 2022

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. 36000. The annual SBI CBO Salary lies within the range of Rs. 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum.

SBI CBO 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 2022: Job Profile and Career 

Initially, the joined candidates are appointed as Circle Based Officers and they will undergo the probation period of 6 months. During Probation period, CBO’s are observed by various assessment for finding their consistency. If the candidates are qualify in the conducted assessment will be confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I). The selected candidates will not be entitled for inter-circle transfer up to their promotion to SMGS-IV Grade OR 12 years of service, whichever is later.

SBI CBO Online Test Series 2022-23

SBI CBO Salary – FAQs

Q. What is the initial basic pay of SBI CBO?
Ans. The initial basic pay of SBI CBO is Rs. 36000.
Q. Is there any probation period for SBI CBO?
Ans. Yes there is a probation period for SBI CBO.
Q. Does SBI CBO salary vary as per the location?
Ans. Yes, SBI CBO salary varies as per the location because of differences in HRA.
Q. What is the total monthly salary of SBI CBO?
Ans. The total monthly salary of SBI CBO is approximately Rs. 38,000.

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