SBI CBO Salary Details - Overview
|Board Name||State Bank of India (SBI)|
|Post Names||Circle Based Officer (CBO)|
|Total Number of Vacancies||3850|
|Type of Job||Bank Jobs|
|Initial date to apply online||27th July 2020|
|Closing date to submit the application form and payment of the fee||16th August 2020|
|Last date for printing the application form||31st August 2020|
|Selection Process||Written exam, Interview|
State Bank of India is going to recruit the candidates for 3850 Circle Based Officer (CBO) vacancies. In regard to this, the authorities have invited the application forms via online mode. As SBI offers an attractive salary to the selected candidates, every year a large number of applications are received. Like wise, this year most of the candidates are applying for SBI CBO Jobs. In this article, we have shared the SBI CBO salary details like in-hand salary, salary structure, perks, allowances, etc.
Candidates who are appointed as SBI CBO will get a basic pay scale of Rs. 23, 700/- plus one increment. This increment will be given for each completed year of service rendered in officer cadre in the Scheduled Commercial Bank (SCB) and Regional Rural Bank (RRB) as on 1st August 2020. The received gross compensation lies between Rs. 8.20 lakhs (min) -13.08 lakhs (max) per annum. This amount varies depending on the job posting location.
Selected candidates for SBI Circle Officer will be placed in the Junior Management Grade Scale-1 or JMGS-I. SBI CBO pay scale will be Rs. 23700 - 980/7 - 30560 - 1145/2 - 32850- 1310/7 - 42020. JMGS-I refers to the officer cadre after the promotion from clerical cadre.
SBI CBO will get a basic pay of Rs 23, 700/- with an increment of Rs. 980/- for the next 7 years, followed by a basic of Rs 30, 560/- with an annual increment of Rs. 1,145/- for the next two years and so on. The maximum basic salary for SBI CBO will be Rs. 42, 020/-.
Along with the regular monthly salary, selected officers will receive the following allowances:
|Dearness Allowance (DA)||46.9% of basic pay|
|City Compensatory Allowance (CCA)||3% - 4% depending on location|
|Medical Insurance||100% covered for employee and 75% covered for dependent family|
|House Rent Allowance (HRA)/ Lease rental||7% – 9% depending on the posting place|
|Travelling Allowance (TA)||AC two-tier fare is given to the employee for official toors|
|Petrol Allowance||INR 1,100 - 1,250|
|Newspaper, Entertainment, Books & other allowances||Varies based on cadre|
Along with the allowances, candidates will get the following perks by SBI.
Frequently Asked Questions
Q. What is the in hand salary of SBI Circle Based Officer (CBO)?
Q. What are the allowances and perks offered along with the SBI CBO salary?
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