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SBI CBO Salary 2023, In Hand Salary After 7th Pay Commission

SBI CBO Salary 2023

The State Bank of India has released its SBI CBO Notification 2023 for 5447 vacancies available for the post of Circle Based Officers. The registration process has been activated on the official site, and it will continue till 12 December 2023The notification PDF has declared that the online test is scheduled for January 2024. So, the students need to get complete details on SBI CBO Salary 2023. It has been mentioned in the notification PDF that the basic pay for the SBI CBO Salary 2023 will be Rs. 36,000/-. Along with the basic pay, selected candidates will also be eligible for DA, HRA, and other allowances. In this article, we have given detailed information related to SBI CBO Salary 2023 with its perks, allowances, job profile, etc.

SBI Circle Based Officer Salary 2023

SBI Circle Based Officer Salary 2023 will be delivering a basic pay of Rs. 36,000/- on the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840.  The official will also be eligible for D.A., H.R.A/ Lease rental, C.C.A, Medical, and other allowances & perquisites as per rules in force from time to time. SBI offers a lucrative amount of salary along with various perks and allowances to the Circle-Based Officer. Check out this article to know more about SBI Circle Based Officer Salary 2023.

SBI CBO Salary 2023: Overview

The SBI CBO Salary 2023 has been released for 5447 vacancies of Circle Based Officers. Interested candidates must go through the SBI CBO Salary 2023 structure to boost their zeal for recruitment. Here, we have mentioned the SBI CBO Salary details in a tabular format.

SBI CBO Salary 2023
Organization State Bank of India
Post Circle Based Officers
Category Salary
Selection process Online Examination, Screening and Interview
Vacancy 5447
Last Date For The Registration 12 December 2023
Application Mode Online
Pay scale Rs. 36000-1490/7-46430-1740/2- 49910-1990/7-63840
Basic Pay Rs. 36,000/-
Official Website www.sbi.co.in.
WhatsApp Official Channel Join WhatsApp Channel
Telegram Official Channel Join Telegram Channel

SBI Circle Based Officers Salary Structure 2023

SBI Circle Based Officers Salary Structure 2023 has been clearly mentioned in the SBI CBO Notification 2023 PDF. For a detailed review, we have mentioned all the details related to SBI Circle Based Officers Salary Structure 2023 in the table below.

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

SBI CBO In Hand Salary 2023

SBI CBO In Hand Salary 2023 involves a great basic pay along with other allowances and benefits. The initial basic pay of the position will be Rs. 36,000/-. If a newly joined SBI CBO Candidate will have two years if experience in the officer cadre in any Scheduled Commercial Bank or Regional Rural Bank, they will be getting two advance increments.

SBI CBO Salary 2023: Perks and Allowances

Along with a lucrative SBI CBO Salary 2023, SBI Circle-Based Officers also benefitted from various perks and allowances. We are providing you the complete list of allowances that will be enjoyed by a Circle based officer once appointed.

SBI CBO 2023 Perks and Allowances
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 the post of Cadre

SBI CBO Salary 2023: Perks

Given below are some of the perks that will be given to the SBI Circle-Based Officer along with the SBI CBO Salary 2023.

1. A SBI CBO gets a contribution Pension Scheme/New Pension Scheme.

2. The availability of medical Aid for self (100%) and for family (75%).

3. LTC will be given as well.

4. Home Travel Concession/ Leave Fare Concession will also be given.

5. Concessional interest rates for Housing/Car/Personal Loans will be there.

SBI CBO Salary 2023: Job Profile

The circle-based officers have to perform certain key responsibilities in the bank. The job profile of an SBI CBO comprises the following:

  • Sanction loan packages
  • Manage the main branch functions
  • Make sure that the important policies are implemented successfully
  • Maintain a good relationship with the customers
  • Monitor the operations performed in the bank
  • Ensure accounting work is done correctly.

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SBI CBO Salary: Promotion and Career Growth

After getting selected for the SBI CBO, Candidates will have the following promotion and career growth options:

  1. After the joining of the selected candidates for the post of SBI CBO 2023, candidates will be on a period of probation for 6 months.
  2. During the probation period, the CBOs will have to do a continuous assessment for judging their suitability.
  3. All the candidates who will qualify in their assessment as per the standards determined by the Bank from time to time will be promoted to the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
  4. Any candidate who fails to achieve the minimum standards stipulated in his/ her services might get suspended as per the policy of the Bank.
  5. The candidates who will be selected will be in the general cadre and will be eligible for the promotion policy, which is applicable to the Bank’s general cadre officers.

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FAQs

Where to find the complete SBI CBO Salary 2023?

A complete structure of SBI CBO Salary 2023 has been mentioned in the article above.

What is the basic pay of SBI CBO Salary 2023?

The initial basic pay of SBI CBO Salary 2023 will be Rs. 36,000/-.

What are some allowances I can get along with the SBI CBO Salary 2023?

Some allowances include HRA, TA, DA, etc., along with the SBI CBO Salary 2023.

Where to get the complete job profile of SBI CBO?

A complete job profile of SBI CBO has been mentioned in the article above.

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