SBI Circle Based Officer In Hand Salary - State Bank of India CBO Pay Scale, Perks, Allowances

Moin | Jul 27, 2020

SBI CBO Salary Details - Overview

Description
Details
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 online27th 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
Official Portal
https://www.sbi.co.in/

SBI Circle Based Officer Salary

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.

SBI CBO In Hand Salary

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.

SBI Circle Officer Salary Structure

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/-.

State Bank of India CBO Allowances

Along with the regular monthly salary, selected officers will receive the following allowances:

Allowances
Amount
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

SBI CBO Perks

Along with the allowances, candidates will get the following perks by SBI.

  • Contribution of Pension / New Pension scheme
  • Concessional interest rates for housing/ car/ personal loans
  • Medical facility for employee (100%) and for family (75%)
  • Leave Travel Concession (LTC) or Leave Travel Allowance (LTA)
  • Home travel/ Leave fare concession, etc

Frequently Asked Questions

Q. What is the in hand salary of SBI Circle Based Officer (CBO)?

The in hand salary of SBI CBO is Rs. 23, 700/- per month.

Q. What are the allowances and perks offered along with the SBI CBO salary?

Along with the SBI CBO salary, the allowances like DA, CCA, TA, HRA, and other and perks like pension, leave travel concession, etc are offered.

About Author

Moin

Moin

Being a content writer, I am hear to update about latest and upcoming job notifications across the country for the candidates who are preparing to apply for govt jobs.

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