SBI CBO Salary 2022: Know In-Hand Salary, Pay Scale, Promotion

SBI CBO Salary 2022 – Know the Complete Details of Circle Based Officers Salary

State Bank of India has recruited eligible candidates for the post of Circle Based Officers throughout various circles. This recruitment has to be done based on the circle and mostly in rural areas. The SBI careers have released the SBI CBO Notification on its official site with a huge number of vacancies. The selected candidates will receive an attractive salary package with huge benefits and the opportunities offered to the SBI Circle Based Officers are wonderful and very lucrative. That is the reason most of the candidates have applied to this SBI recruitment.

Candidates who are aspiring to appear for CBO Exam should ensure that they should know the details of the SBI CBO Salary, Payscale, Salary structure, Perks & Benefits & Promotion. The SBI CBO Salary details will induce your interest in the SBI which tends to gear up the preparation process in a good manner. Ok, let’s have a look at this SBI CBO Salary article.

SBI CBO Salary 2022

Aspirants who have been provisionally allocated as SBI CBO will be placed under Junior Management Grade Scale 1(JMGS-I). The JMGS-I term generally refers to the officers who have just entered into the Officer Cadre just after getting a promotion from the Clerical Cadre.
  • SBI CBO Pay Scale – 36000-1490/7-46430-1740/2- 49910-1990/7-63840

SBI CBO In-Hand Salary:

  • Previously the SBI CBO In-Hand Salary – Rs. 33,000 to 35,000
  • SBI CBO In-Hand Salary Revised – Rs. 50,000 to 52,000.
  • The revised SBI CBO Salary is as per the Junior Management Grade Scale-I plus one increment for each completed year of service rendered in officer cadre in Scheduled Commercial Bank/ Regional Rural Bank as of 01.12.2021.

SBI CBO Previous Year Question Papers

SBI CBO Salary Structure 2022:

As of 01/12/2021, the initial basic pay of the SBI Circle Based Officer is revised 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 plus one increment for each completed year of service rendered in officer cadre in Scheduled Commercial Bank/ Regional Rural Bank.

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
SBI CBO Gross Salary Rs. 58,484
Deduction Rs. 8187.6
Net Salary Rs. 50,296.24

SBI CBO Previous Year Cut Off

SBI CBO Salary Allowances and Benefits

Along with the SBI CBO salary, candidates can get various perks and benefits as per the norms of the Reserve Bank of India which are as follows-

  • Reduced Loan Interest Rates for Housing/Personal Loans/Car Loans
  • Travel Concession/Leave Fare Concession
  • Leave Travel Concession (LTC)
  • Pension Scheme/New Pension Scheme

The details of SBI CBO allowances offered along with SBI CBO Salary are as follows:

SBI CBO 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

SBI CBO Job Profile

Along with SBI CBO Salary, candidates must know the SBI CBO Job profile. Here have given the major responsibilities and duties they have to perform after the provisional allotment as Circle Based Officer in the State Bank of India.

1. Typically, Circle Based officers are in charge of managing the core functions of their respective banks.

2. Bank branches must approve Circle Based Officers’ Loan packages.

3. Ensure that all banking operations within the branch are conducted smoothly by the CBO.

4. Keeping healthy relationships with customers is the responsibility of a Circle Based Officer.

5. To streamline the implementation of any new or existing policy.

SBI CBO Promotion:

Recruited candidates will be placed as Junior Management Grade Scale-I (JMGS-I). The probation period will be up to 6 months. After the completion of the probation period, the performance of the employee will be assessed. Candidates will get various opportunities to get promotions. Candidates can get promoted to Senior Management Grade Scale-IV.

  1. Depending on the rule in place, a candidate’s probation can be extended or even ended if they do not meet the requirements of the organization.
  2. Candidates who are selected for inner-circle transfers will not be permitted to move until they are promoted to SMGS-IV Grade (or) have completed 12 years of service, whichever is later.