SBI CBO Salary 2024: The State Bank Of India will release the SBI CBO Salary 2024 along with the official notification on its website. Lakhs of students apply for SBI CBO applications are filled as this banking position offers a good salary package and other benefits along with good career growth in future. This year, the SBI CBO exam will be held in November 2024. In this article, we will look at how much you can earn, and how far your career can grow as a Circle Based Officer. Interested Candidates bookmark our blog for the latest update.
SBI CBO Pay Scale 2024
The State Bank Of India gives you an opportunity to build your career in the banking Sector. The SBI CBO salary 2024 includes various allowances like Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowances (CCA) and Other Allowances. Candidates check the SBI CBO pay scale 2024 in the table below.
| SBI CBO Pay Scale 2024 | |
| 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 In Hand Salary 2024
When appointed as an SBI Circle Based Officer (CBO), you will get a basic salary of Rs 36,000 and one increment at the beginning of the job. You will be given 1 increment for every completed year of service as an officer in a Scheduled Commercial Bank and Regional Rural Bank.
SBI CBO Salary 2024 Perks and Benefits
- The contribution is given towards the new pension scheme.
- The medical expense compensation for self is 100% and 75% for family members.
- LTC will be given as allocated.
- Home Travel Concession/ Leave Fare Concession will be provided.
- Housing, Car, and Personal loans will be provided at concessional rates.
SBI CBO Allowances 2024
The SBI CBO salary 2024 include a various allowances like dearness allowances, city compensation allowances, HRA and more allowances. Here we are providing the all SBI CBO salary allowances provided by the State Bank Of India.
Dearness Allowances: 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 employees | 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
SBI CBO Job Profile 2024
SBI Circle-based Officers (CBOs) have many responsibilities as prescribed by the State Bank of India. Here we are providing the job profile of SBI CBO. Candidates can check the details of their job profile in the table given below.
| SBI CBO Job Profile 2024 | |
| Circle-based Officers Job Profile | Approved loan packages. |
| Manage all the functions of the bank. | |
| Implement all the important policies. | |
| Maintain good relationships with the customers. | |
SBI CBO Salary 2024 FAQs
SBI CBO’s basic pay in the starting is Rs. 36000/- per month.
The SBI CBO in-hand salary is Rs. 50,000 to 52,000/- per month.
There is a probation period of 6 months given to an SBI CBO.
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