What Is The Salary Of SBI Circle Based Officer?

One of the highlight of recently released vacancies of SBI Circle based officer is the salary. Salary, perks and other benefits of SBI Circle Based Officer or CBO are the main factors for someone who wants to apply for this job. Read this article to know more about it.

| Updated On July 31st, 2020 at 06:00 pm

One of the highlight of recently released vacancies of SBI Circle based officer is the salary. Salary, perks and other benefits of SBI Circle Based Officer or CBO are the main factors for someone who wants to apply for this job. Considering the interest of the applicants we will be discussing the most luring factor of SBI CBO in detail to give you an idea what all you will be getting once you make a switch.

About Course:

Adda247 has launched its exclusive Interview batch for the students to confront the success. This course is especially designed by covering all the crucial aspects required for the interview. The course has been prepared, subsuming all the important trends and topics of Banking Commerce and Economic Environment, Various Acts related to Banking & Commerce and Current Affairs related to Banking & Finance. Along with the classes, students will be provided with one-on-on mock interviews with the esteemed personalities of the sector to identify, analyze and eventually brush up the skills required to crack the interview.

Note: Mock Interview will be conducted in all languages. (Marathi, Telugu, Tamil, Hindi, Gujrati, kannada). You will get the option to choose your convenient language.

 

What will you get:
80+ Hours Video Classes which includes:
(a) Banking & Finance Current Affairs
(b) Banking Operations:
      (i) Duties of CBO & Roles Expectations of Bank
      (ii) Various Acts related to Banking & Commerce
      (iii) Monetary Policy of Reserve Bank of India
      (iv) Banking Commerce and Economic Environment
(c) SBI Corporate Culture
(d) Corporate Communication
(e) Personality Development & Interview Skills
(f) eBook-Interview Booster
(g) One on One Mock Interview with Banking Veterans
       (Every Aspirants will get chance to appear for 1 One-On-One Mock Interview in any convenient language)

 

Click here for Class Study plan

 

Topics

Duration

Banking Operations

18 Hours

Banking & Finance Current Affairs

9 Hours

Personality Development & Interview Skills

25 Hours

SBI Corporate Culture

2 Hours

Corporate Communication

30 Hours

One on One Mock Interview with Banking Veterans

 (Every Aspirants will get chance to appear for 1 One-On-One Mock Interview in any convenient language)

Based on Interview Panel

 

 

 

Why should you join this batch?
A well designed study plan by experienced Bankers
Live and Video Classes

Guidance from Proficient Ex-Banking Officers.
Personality Development & Interview Skills from experienced Professionals.

 

About the Faculties:
Learn from Veterans with 30+ Years of core Banking Experience

P.S:
You will get proper mail for Mock Interview Date & Slot.
You Need to be available on time allotted.

 

You will get a mail after purchasing the batch for the login in.
No Refunds will be given in any case and registration can be canceled by Adda247 for any anti-batch activity.

 

Validity: 6 Months

SBI CBO Interview Complete Batch: With LOCAL LANGUAGES | Live Classes
  1. 80 hrs. Video Classes + Live Interview Session
  2. Counselling Sessions by Expert Faculties
  3. Recorded Videos available 24/7 for quick Revision.
Validity
  1. 6 Months
5499 916/month
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What is The Salary Of SBI CBO?

As per the notification released by SBI,  the candidates selected as Circle Based Officers 2020, will be placed in the Junior Management Grade Scale 1or JMGS-I. As given in the notification, the pay scale of SBI CBO will be Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020. As clearly stated in the notification, the basic pay will be Rs 23700/- with an increment of Rs 980 for the next seven years that will be followed by a basic Pay of 30560 which will have an annual increment of Rs 1145 for the next two years. The maximum basic salary attainable by a SBI CBO is Rs 42020.

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SBI CBO- In Hand Salary

The candidates once selected on the post of SBI CBO will be paid or the Basic Pay will be Rs. 23,700/- plus one increment at the starting of the job as stated in the notification. Therefore, the candidates will be given one increment for each completed year of service rendered in officer cadre in the Scheduled Commercial Bank and Regional Rural Bank, as on 01.08.2020.

We can expect that the Gross compensation received lies between 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum. The amount varies with the location of job posting.

SBI CBO Perks and Allowances

Given below are the perks and allowances given to the SBI CBO: 

Allowances

We are providing you the complete list of allowances that will be enjoyed by a Circle based officer once appointed in this.

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: Perks

Given below are some of the perks that will be given to the SBI Circle Based Officer:

1.A SBI CBO gets 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.

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Frequently Asked Questions

Q. What is the salary of SBI CBO 2020?

Ans. The basic salary of SBI CBO is 23,700/-

Q. What is the gross salary of SBI CBO 2020

Ans. The gross salary of SBI CBO 2020 is lies between 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum.

Q. What are the perks enjoyed by SBI CBO 2020?

Ans. Given below are the perks enjoyed by SBI CBO 2020: A SBI CBO gets contribution Pension Scheme/New Pension Scheme, The availability of medical Aid for self (100%) and for family (75%), LTC will be given as well, Home Travel Concession/ Leave Fare Concession will also be given, Concessional interest rates for Housing/Car/Personal Loans will be there.