SBI CBO Salary 2023: The SBI CBO Salary 2022 and other related details are given for your reference. The State Bank of India has recently released the SBI Circle Based Officer notification 2023 on its official site. Now candidates will search for important details about the recruitment such as salary, job profile, and eligibility. We have given comprehensive information regarding the SBI CBO pay 2023 to assist you in this. SBI CBO Salary 2023 will pay well. Due to the nature of the position, many candidates apply for this recruitment each year. There are now 5280 open positions according to the SBI CBO announcement 2023. Additionally, we have included below key information regarding the SBI CBO Salary 2023. Therefore, before submitting an online application for the SBI Circle Based Officer Recruitment 2023, aspirants should carefully read the announcement to ensure that they are eligible to apply.
The State Bank of India provides candidates who are chosen for the position of Circle Based Officer with a competitive and comprehensive compensation package (CBO). The SBI CBO salary 2023 and other allowances that will be provided to the chosen applicants will be in accordance with the 7th Pay Commission. The applicants will strive harder for the position if they are aware of the compensation package that will be offered to them. For the SBI CBO position, the candidates that are included in the board’s merit list will be chosen. We have included comprehensive information on the SBI CBO Salary Job Profile in the article below.
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SBI Circle Based Officer Important Dates
If you are completely eligible for the recruitment as per the conditions, apply before the last date. Make a note of applying online dates in the table below. Here you can know further details about the SBI CBO salary and allowance.
| SBI CBO Notification 2023 PDF – Events | Dates |
| SBI CBO Notification 2023 pdf | 21st November 2023 |
| SBI CBO Apply Online 2023 Start Date | 22.11.2023 |
| SBI CBO Apply Online 2023 Last Date | 12.12.2023 |
| Admit Card for Online Exam | January 2024 |
| Online Exam | January 2024 |
| Result of Online Exam | Will be updated |
| Interview | Will be updated |
SBI CBO 2023 Salary
The SBI CBO Pay Scale will be Rs.36000-1490/7-46430-1740/2- 49910-1990/7-63840. This means the CBO will get a basic pay of Rs 36,000/- with an increment of Rs 1490 for the next 7 years, followed by a basic of Rs 46430/- with an annual increment of Rs 1740/- for the next two years and so on. The maximum basic salary will be Rs 63,840.
SBI CBO Salary Salary Structure 2023
Here we have tabulated the SBI CBO Salary Structure 2023 along with the salary parameters for your reference.
SBI CBO Salary In Hand 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 |
| SBI CBO Gross Salary 2023 | Rs. 58,484 |
| Deduction | Rs. 8187.6 |
| SBI CBO Net Salary 2023 | Rs. 50,296.24 |
SBI CBO In hand Salary 2023
The SBI CBO In Hand Salary 2023 would be around in the range of Rs.50,000 – 52,000 after the customary deductions like PF, professional tax, etc. The SBI CBO in hand salary 2023 is calculated by adding the basic salary, Dearness Allowance, HRA, City compensatory allowance(varies as per location of posting).
SBI CBO Annual Salary 2023
The chosen candidates will be regarded as qualified for the position of SBI Circle Based Officer if they appear on the final merit list. Following that, such applicants will be paid well in accordance with the recommendations of the 7th Pay Commission. The SBI CBO Annual Salary 2023 would be about approximately INR 4,32,000/- INR 12,0000/-
SBI CBO Perks & Allowance
After being selected as Circle Based Officers, the candidates will receive the following allowances apart from the SBI CBO Salary 2023.
SBI CBO 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 Cadre |
SBI CBO Perks
Also, the following perks are available in addition to SBI CBO salary and allowance.
- Contribution Pension Scheme / New Pension Scheme.
- LTC.
- Medical Aid for self (100%) and for family (75%).
- Home Travel Concession / Leave Fare Concession.
- Low-interest rates for Loans.
SBI CBO Salary 2023 – Promotion, Career Growth
The SBI CBO 2023 selection process is based on online written tests, screening, and interviews. Before knowing about the SBI Circle Based Officer salary and allowance details, candidates know about the job profile. It is very important to know about the SBI CBO Job Profile for the candidates.
- In this recruitment, the selected candidates will join the organization as Circle Based Officers. They will undergo a probation period of 6 months.
- During the Probation period, the candidates have to take various assessments.
- On qualifying in the assessments, the candidates get confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
- There is no inter-circle transfer up to their promotion to SMGS-IV Grade or 12 years of service, whichever is later.
- If any candidate fails to achieve the minimum standards stipulated, his/ her services may be terminated as per the policy of the Bank in force at the material time.
- The selected officers will be in the general cadre and will be governed by the promotion policy applicable for Bank’s general cadre officers.
SBI CBO Job Profile:
Candidates taking the SBI CBO Exam must be aware of the position for which they are preparing, including specifics like the SBI CBO Salary Job Profile. Understanding the duties and responsibilities of the SBI Circle Based Officer is crucial. The job profile is provided below for candidates to review:
- Performing essential branch duties.
- Approving loan applications.
- Ensure that crucial policies are implemented smoothly.
- Keeping an eye on bank operations to ensure proper accounting.
- Establishing connections with customers.
SBI CBO Salary 2023 – FAQs:
Here we have added some FAQs related to SBI CBO Salary 2023 and allowance for your reference.
Q: What is the starting salary of SBI CBO?
A: Rs.36000 is the SBI CBO starting pay. Then there will be allowances and perks also.
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Q: What is the dearness allowance for the SBI CBO?
A: It is around 46.9% of the SBI Circle Based Officer Basic salary.
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Q: What is the range of HRA for the SBI CBO?
A: The HRA will range between 7% to 9% of the basic salary, as per the location.
