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SBI CBO Salary Structure

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SBI CBO Salary Structure

SBI offers attractive perks and benefits to its employees.SBI CBO salaries are given as per the 7th pay commission along with other admissible allowances. Candidates those who would want to apply for this position must be interested in know the SBI CBO salary structure. Knowing the salary structure in advance will boost the motivation of the interested candidates. Before looking at any other aspect, let's have a look at the Basic Salary Structure of SBI CBO in detail. The salary structure details are as follows.

As per the official notification released by SBI, the candidates who are selected as SBI CBO will have a salary structure of Rs.36000-1490/7-46430-1740/2- 49910-1990/7-63840. It means that SBI CBO will receive a basic pay of Rs.36000 and an increment of Rs.1490 for the next 7 years. The next phase will be the basic salary of Rs.46430 and an increment of Rs.1740 for 2 years followed by basic pay of Rs.49910 and an increment of Rs.1990 for 7 years. The maximum basic pay that can be drawn by SBI CBO will be Rs.63840.

The candidates are also eligible for one increment in their basic pay for each completed year of service rendered in the officer cadre in Scheduled Commercial Bank/ Regional Rural Bank as on 01.12.2021. However, the maximum advance increment has been capped at 2 (two), irrespective of the duration of experience gained in previous employment.

ParticularsAmount
Pay ScaleRs.36000-1490/7-46430-1740/2- 49910-1990/7-63840
Basic PayRs. 36,000
Dearness Allowance (DA)Rs. 16,884 (46.9% of basic)
House Rent Allowance (HRA)Rs. 2520
City Compensatory Allowances (CCA)Rs. 1080
Other AllowancesRs. 2000
Gross Salary Rs. 58,484
DeductionRs. 8187.60
Net Salary Rs. 50,296.4

SBI CBO In-hand Salary

The in-hand salary of SBI CBO falls in the range of Rs.50,000-52,000 after the customary deductions like PF, professional tax etc. The SBI CBO in hand salary 2021 is calculated by adding the basic salary, Dearness Allowance, HRA, City compensatory allowance(varies as per location of posting). 

SBI CBO Annual Package

Aspirants who clear all the stages of the SBI CBO recruitment process will then receive their salary as per the 7th pay commission. As per the official notification, the annual salary that an SBI CBO would receive will be approximately around INR 8,20,000/- INR 13,08,000/-.

SBI CBO Salary - Other Allowances & Benefits

Other than the salary, employees are offered other allowances, perks and benefits. Given below are the details:

AllowanceAmount
Dearness Allowance (DA)46.9%
House Rent Allowance (HRA)7% to 9% of the Basic Pay
City Compensatory Allowances (CCA)3% to 4% Depending on the Location
Medical Insurance

100% Covered for the Employee.

75% for Family Members

Traveling InsuranceReimbursement of Fair for Official Travels Only.
Petrol AllowancesAround INR 1,100/- – INR 1,250/-
Newspaper Allowance, Entertainment Allowances, Books Allowances, etcVaries Based on the Cadre

SBI CBO Perks & Benefits

Candidates selected for SBI CBO receive additional perks and benefits as per the 7th pay commission. A few of these benefits are listed below.

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

Pricing Plan

Flexible pricing options for all the aspirants
Recommended
SBI CBO

₹ 175

31st December 2022
  • 5 Mock tests

FAQs

What is the last date to apply for the SBI CBO exam 2021?

The last date to apply online for SBI Circle Based Officers (CBO) is 29th December 2021.

What is the age limit for SBI CBO? +

The minimum age limit for a candidate to apply for the SBI Circle Based Officer must be below 30 years.

What is the criteria for the Local Language? +

Candidates must have studied the language in 10th or 12th standard, they have to produce a mark sheet/ certificate for having studied the specific local language of the applied State as one of the subjects.

Is a fresh graduate eligible to appear in SBI CBO exam 2021? +

No, Minimum 2 years experience required for SBI Circle Based Officers (CBO) 2021 exam.

How many vacancies SBI released for the post of Circle Based Officer? +

A total of 1226 vacancies has been released for the SBI CBO exam 2021.

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