Categories: Banking & InsuranceExamsSBI CBO

SBI CBO 2021-22-Salary & Benefits

SBI Circle Based Officer Salary 2021-22: If you want to have a good Banking career you will have to prepare the latest SBI CBO syllabus. And that becomes easy when you take the Best SBI CBO Mock Test on a regular basis. What are you waiting for then? Know everything about the SBI CBO salary and gear up for the exam with the best SBI CBO Mock Tests!

Let us have a look at the State Bank of India Circle Based Officer in Hand Salary and other benefits.

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SBI CBO Salary 2021 – Check Revised Salary Structure

If you’ll apply for the SBI Circle Based Officers 2021, you will be placed in the Junior Management Grade Scale 1 (JMGS-I). The JMGS 1 officer is an entry-level Officer Cadre who gets a promotion from the Clerical Cadre. The PayScale SBI CBO will be Rs.36000, with an increment of 1490 for the next 7 years, followed by a payment of Rs. 46,430 with an increment of 1,740 for the next 2 years, followed by a payment of Rs. 49,910 with an increment of 1,990 for the next 7 years making a maximum salary of Rs. 63,840 in the end. Hence, the maximum basic salary will go up to Rs 63,840.

Given below are the details of all the benefits related to the SBI CBO Salary 2021-22:

SBI CBO 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

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SBI CBO Perks and Other Benefits

In addition to the salary, you can get certain perks and perquisites in the form of travel allowance, medical allowance, CCA, Dearness allowance, house rent allowance, etc. as per the rules decided by the state bank of India after becoming a CBO.

Here are the complete details of allowances you will get as an officer:

Allowance	Amount
Dearness Allowances (DA)	75.9% of the Basic Pay
House Rent Allowance (HRA)	7-9% of Basic pay. Depending on the place of posting.
City Compensatory Allowance (CCA)	3% – 4% which depends on the place of posting.
Medical Insurance	75% for the family members and 100% for the employee of the organization
Travelling Allowance	Reimbursement of the amount spent on traveling
Petrol Allowances	Up to 45 Litre (2-wheeler) and up to 55 Litre (4-wheeler) in a month
Books Allowance, Entertainment Allowance, Newspaper Allowance, etc	Varies based on the Cadre

Note: Apart from the above-mentioned Basic Pay and Allowances, CBOs will also be eligible to enjoy:

Pension Scheme or New Pension Scheme.
LTC or Leave Travel Concession
Home Travel Concession or Leave Fare Concession.
Concessional Interest Rates for Housing or Car or Personal Loans.

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Asad Yar Khan

Asad specializes in penning and overseeing blogs on study strategies, exam techniques, and key strategies for SSC, banking, regulatory body, engineering, and other competitive exams. During his 3+ years' stint at PracticeMock, he has helped thousands of aspirants gain the confidence to achieve top results. In his free time, he either transforms into a sleep lover, devours books, or becomes an outdoor enthusiast.