SBI CBO Salary 2023: The State Bank of India (SBI) releases the salary details for Circle Based Officer (CBO) posts along with the official notification. Candidates interested in applying for SBI CBO recruitment should go through the salary structure. They can check the salary details online on the official website, i.e., sbi.co.in. Furthermore, they can also check the detailed salary structure in this article.

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*Steps to take mock tests are provided below in this article.

The salary includes the pay scale, allowances, perks, benefits, and increments with respect to years. The bank offers lucrative salaries to their employees. According to the official notification, the initial basic pay of a Circle Based Officer is Rs. 36,000. Candidates can further read the complete article to know the pay scale, increments, allowances, perks, career growth opportunities, and more. So, read on to find out more!

SBI CBO Salary Structure 2023

Candidates selected for the post of Circle Based Officer will be placed in the Junior Management Grade Scale 1 (or) JMGS-I. This is the first level in which candidates are placed once they join the bank. The SBI CBO compensation is as follows:

SBI CBO Pay Scale: Rs. 36000-1490/7-46430-1740/2-49910-1990/7-63840

Aspirants can further check the expansion of the pay scale in the table below:

Salary	Annual Increment	Number of Years
Rs. 36,000	Rs. 1490	First 7 Years
Rs. 46,430	Rs. 1740	Next 2 Years
Rs. 49,910	Rs. 1990	Next 7 Years
Rs. 63840	–	Till Retirement

SBI Circle Based Officer In-Hand Salary

The SBI CBO in-hand salary includes basic pay, allowances, and benefits. The starting basic pay of a Circle Based Officer in SBI is Rs. 36,000. In addition, a newly joined SBI CBO candidate who has work experience of two years or more in the officer cadre in any Scheduled Commercial Bank or Regional Rural Bank gets two advance increments.

After including the basic pay, allowances, benefits, and Increments, the total in-hand salary for Circle Based Officer post is around Rs. 50,000 to 52,000.

How To Attempt Free SBI CBO Mock Tests at Embibe?

Candidates can check the steps to take free SBI CBO mock tests at Embibe below:

• 1st Step: Visit Embibe’s official website, i.e., embibe.com.
• 2nd Step: Use the mobile number/email to log in.
• 3rd Step: Click on the menu bar “Getting a Government Job” 
• 4th Step: Select the Goal “Banking” from the Dropdown and click on “Next”.
• 5th Step: Search and Select “SBI CBO” on the search bar and click on “Next”.
• 6th Step: Select the preferred language and click on “Done”.
• 7th Step: Click “Practice” from the Header Section.
• 8th Step: Scroll down to the “Subjects” section.
• 9th Step: Click on any SBI CBO subjects.
• 10th Step: Scroll down to click on the chapters from the selected subject to begin the practice.

SBI Circle Based Officer Allowances

The SBI CBO compensation structure includes various allowances such as DA, HRA/ Lease rental, CCA, Medical, and other allowances. Check the SBI CBO allowance details in the table below:

Allowance	Amount
Dearness Allowances (DA)	46.9% of the Basic Pay
House Rent Allowance (HRA)	7% to 9% of the Basic Pay
City Compensatory Allowance (CCA)	3% – 4% depending on the location
Medical Insurance	100% covered for the employee, 75% for family members
Travelling Allowance	Reimbursement of fare for official travels
Petrol Allowances	Around Rs. 1,100 to 1,250
Newspaper Allowance, Books Allowance, Entertainment Allowance, etc	Varies based on the Cadre

SBI Circle Based Officer Benefits & Perks

Besides the Basic Pay and Allowances, officers will also be eligible for several perks and benefits. Check the details below:

• Pension Scheme/New Pension Scheme.
• Home Travel Concession/ Leave Fare Concession.
• Concessional Interest Rates for Housing/Car/Personal Loans.
• LTC (Leave Travel Concession)

SBI CBO Career Growth Growth & Promotion

Candidates will join SBI as a Circle Based Officer at Junior Management Grade Scale 1. Thereafter as per the candidate’s performance and the bank rules, there are opportunities for candidates to get promoted to the Senior Management Grade Scale 4. Check the details below:

• On joining, selected candidates will be designated as “Circle Based Officers” (CBOs). The candidates will be on probation for a period of 6 months after joining.
• They will be continuously assessed during the probation period to judge their suitability for confirmation.
• Candidates qualifying the assessment standards as determined by the bank from time to time will be confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
• If any candidate fails to achieve minimum standards stipulated, his/ her services may be terminated as per the policy of the bank in force at the time.
• The selected officers will be in the general cadre and will be governed by the promotion policy applicable to the bank’s general cadre officers.
• The selected candidates will not be entitled to inter-circle transfers up to his/ her promotion to SMGS-IV Grade (or) 12 years of service, whichever is later.

Also, check:

SBI CBO Detailed Info	SBI CBO Mock Tests
SBI CBO Question Papers	SBI CBO Books
SBI CBO Notification	SBI CBO Result

FAQs on SBI CBO Salary 2023

Here are some of the most commonly asked questions about the SBI CBO salary:

We hope this article on SBI CBO Salary 2023 helps you. If you have any questions, feel free to check our website or download our app. We will be happy to help you.

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