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SBI CBO Salary 2021, Revised Pay scale, Salary Slip & Job Profile

SBI CBO Salary 2021: As we all know, the State Bank Of India has announced the notification for the recruitment of the 1226 candidates for the post of SBI Circle Based Officers. Candidates who all are interested and eligible for the SBI CBO Recruitment 2021 might be curious to know the SBI CBO Salary 2021. SBI has been known for offering higher salary packages to their employees than other public sector banks. The in-hand revised salary of SBI CBO is 36,000/-. Candidates must check all the details related to the Circle Based Officers in the salary package such as basic pay, allowances, and other benefits from the article below.

SBI CBO Apply Online 2021

What Is The Salary Of SBI CBO?

As per the notification released by SBI, for the SBI CBO 2021, the starting basic pay is 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 as on 01.12.2021. The SBI CBO In hand salary is now revised to 50,000-52,000 from Rs 33,000 to 35,000. However, the maximum advance increment has been capped at 2 (two), irrespective of the duration of experience gained in previous employment. 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.

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SBI CBO Recruitment 2021 Notification Out PDF: Download Here

SBI CBO Salary Structure 2021

As per the notification and as of 1/01/2021, the basic initial pay of the CBO is Rs36,000 which is on the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840  as mentioned above. Candidates can check the below table to get a detailed overview of the SBI CBO Salary Structure.

SBI Circle Based Officer Salary 2021
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 Salary 2021- In Hand Salary

The candidates once selected for the post of SBI CBO will get in hand salary between 50,000 to 52,000 which will include all the perks and excluding the PF etc.  The SBI CBO in hand salary 2021 will be calculated by adding the basic salary, Dearness Allowance, HRA, City compensation(if any as per the posting). The in-hand salary excludes the Pf and pension contribution.

SBI CBO Perks and Allowances

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

SBI CBO Salary 2021: 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 Salary 2021: Perks

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

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 Syllabus 2021

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 CBO2021, 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 will fail to achieve the minimum standards stipulated, 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 for Bank’s general cadre officers.
  6. The candidates who will be selected will not be eligible for the inner-circle transfer up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is later.

Also Check: 

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FAQs: SBI CBO Salary 2021

Q1. What is the salary of SBI CBO 2021?

Ans. The basic salary of SBI CBO is Rs. 36,000/-.

Q2. What are the perks enjoyed by SBI CBO 2021?

Ans. Given below are the perks enjoyed by SBI CBO 2021: 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.

Q3. What is the in-hand salary of SBI CBO 2021?

Ans. The In-hand salary of SBI CBO 2021 is Rs50,000-Rs52,000.

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SBI CBO Job Profile 2021: Roles And Responsibility Of SBI Circle Officer How To Crack SBI CBO Interview? SBI CBO Eligibility Criteria 2021 Check Age Limit, Qualifications and Others Details Are You Working In A Bank? Planning To Take Your Career To The Next Level With SBI CBO Recruitment

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