SBI CBO Salary 2024 is a major factor that attracts many candidates to apply for Circle Based Officer post. Along with the competitive pay scale, SBI offers various facilities and allowances that make the job even more desirable. The salary structure includes basic salary, dearness allowance, house rent allowance and other benefits, which provide the employees a stable and rewarding career in the banking sector. Understanding the detailed salary package can help candidates better assess the opportunities that come with the SBI CBO role.
sbi cbo salary 2024
SBI circle based officer salary will pay the basic pay of Rs 2024. 36,000/- in the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840The officers will also be eligible for DA, HRA/Lease Rental, CCA, Medical and other allowances and perks as per rules in force from time to time. SBI offers attractive salary amount to circle-based officer along with various allowances and perks. Check this article to know more about SBI Circle Based Officer Salary 2024.
SBI Circle Based Officer Salary 2024: Overview
SBI CBO informs the compensation package received by the pay circle based officer. To boost their enthusiasm for the recruitment, interested candidates must go through the SBI CBO Salary 2024 structure. Here, we have mentioned SBI CBO salary details in tabular format.
| sbi cbo salary 2024 | |
| Organization | state Bank of India |
| Post | Circle Based Officer |
| Social class | Salary |
| selection process | Online Examination, Screening and Interview |
| vacancy | to be announced |
| pay scale | Rupee. 36000-1490/7-46430-1740/2- 49910-1990/7-63840 |
| basic salary | Rupee. 36,000/- |
| official website | www.sbi.co.in. |
| whatsapp official channel | Join Our Social media |
| telegram official channel | Join Our Social media |
SBI CBO Salary Structure 2024
SBI CBO Salary Structure 2024 will be clearly mentioned in the SBI CBO Notification 2024PDF. For detailed review, we have mentioned all the details related to SBI Circle Based Officer Pay Structure 2024 (Based on Previous Notification) in the table below.
| SBI Circle Based Officer Salary Structure 2024 | |
| allowance | amount |
| pay scale | 36000-1490/7-46430-1740/2- 49910-1990/7-63840 |
| basic salary | Rupee. 36,000 |
| Dearness Allowance (DA) | Rupee. 16,884 |
| House Rent Allowance (HRA) | Rupee. 2520 |
| City Compensatory Allowances (CCA) | Rupee. 1080 |
| other allowances | Rupee. 2000 |
| gross salary | Rupee. 58,484 |
| cut | Rupee. 8187.6 |
| net salary | Rupee. 50,296.24 |
SBI CBO In Hand Salary 2024
SBI CBO In Hand Salary 2024 consists of a handsome basic salary along with other allowances and benefits. The initial basic pay of the post is Rs. 36,000/-. If newly joined SBI CBO candidate has two years of experience in officer cadre in a Scheduled Commercial Bank or Regional Rural Bank, they will get two advance increments.
SBI CBO Salary 2024 Emoluments
Along with the attractive SBI CBO Salary 2024, SBI circle-based officers also benefited from various perks and allowances. We are providing you the complete list of perks that the circle based officer will enjoy after appointment.
| SBI CBO 2024 Features and Perks | |
|---|---|
| allowance | amount |
| dearness allowance | 17.20% of basic salary |
| city ​​compensatory allowance | 3% – 4% depending on location |
| house rent allowance | 7% – 9% depending on place of posting |
| medical insurance | 100% cover for employees. 75% covered for dependent family |
| traveling allowance | AC 2-tier fare is reimbursed to the employee for official travel |
| petrol allowance | INR 1,100 – 1,250 |
| Newspaper Allowance, entertainment allowance, Book Allowance, etc. |
Varies depending on the post of cadre |
SBI CBO Salary 2024 Features
Below are some of the allowances that will be given to the SBI circle-based officer along with SBI CBO Salary 2024.
1. An SBI CBO gets Contributory Pension Scheme/New Pension Scheme.
2. Availability of medical aid for self (100%) and family (75%).
3. LTC will also be given.
4. Home travel concession/leave fare concession will also be given.
5. There will be concessional interest rates for housing/car/personal loans.
SBI CBO Salary 2024 Job Profile
Circle-based officers have to perform some major responsibilities in the bank. The job profile of SBI CBO includes the following:
- Approve Loan Package
- Manage main branch operations
- Ensure that key policies are successfully implemented
- Maintain good relations with customers
- Monitor the work done in the bank
- Make sure the accounting work is done correctly.
SBI CBO Salary: Promotion and Career Growth
After being selected for SBI CBO, candidates will have the following promotion and career growth options:
- After joining of selected candidates on the post of SBI CBO, the candidates will be on probation period of 6 months.
- During the probation period, the CBO will have to undergo continuous evaluation to assess his suitability.
- All those candidates who qualify their assessment as per the standards prescribed by the Bank from time to time will be promoted to the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
- Any candidate who fails to achieve the minimum standards prescribed in his/her services may be suspended as per the policy of the Bank.
- The candidates selected will belong to the General Cadre and will be eligible for the promotion policy which is applicable to General Cadre Officers of the Bank.
