SBI has released the CBO 2021 Notification, with the announcement of 1226 CBO vacancies. Interested candidates can fill up the SBI CBO application form 2021-22 from 9th December 2021 onwards latest by 29 December 2021. Are you interested in the post? Then you must be a graduate looking for career opportunities in public sector banks as a Circle Based Officer? If so, do you want to clear it on the very first attempt? If your answer is yes, then you might be interested in it because of the salary it offers and the respect and repute it guarantees.
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In this article, we will discuss the in-hand salary and career growth that this amazing job guarantees the graduates. Let us have a look at the State Bank of India Circle Based Officer In Hand Salary 2021, Perks and Allowances, Career Growth.
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The candidates who will apply for the SBI Circle Based Officers 2021, will be placed in the Junior Management Grade Scale 1or JMGS-I. The JMGS 1 is a general term used to refer to the officers who have just entered the Officer Cadre after promotion from the Clerical Cadre.
The SBI CBO Pay Scale will be Rs.36000-1490/7-46430-1740/2- 49910-1990/7-63840. In short, the CBO will get a basic pay of Rs 36,000/- with an increment of Rs 1490 for the next 7 years, which will be 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 of SBI CBO will be Rs 63,840.
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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The candidates who will be appointed as SBI Circle Based Officer (CBO) will get the Basic Pay of Rs. 36,000/- and 1 increment at the starting of the job. The employees will be given 1 increment for each completed year of service rendered in the officer cadre in the Scheduled Commercial Bank and Regional Rural Bank.
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Here we are describing the perks and allowances that an SBI Circle Based Officer (CBO) is entitled to.
After being appointed as an SBI Circle Based Officer, the candidates will receive the following allowances apart from the regular monthly salary.
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 |
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An SBI Circle Based Officer will also be entitled to the following perks as per rules in force from time to time.
Attempt the best NHB Exam 2021 Mock Tests & clear the upcoming exam in style!
Attempt the best NHB Exam 2021 Mock Tests & clear the upcoming exam in style!
Take a full-length NHB Exam 2021 Mock Test for 2021 and try to assess your performance after completing the whole SBI CBO 2021 Exam syllabus. You need to identify your weak areas and try to improve. The best NHB Exam 2021 Mock Tests try to closely imitate the actual NHB Exam 2021, providing you with different types of questions, by covering every topic from the syllabus and helping you to understand the exact patterns of questions that the actual exams test them with. By it, you can also get an idea about how much time will it take to deal with the different sections of an Exam. Therefore, your Preparation should involve completing all the topics from the syllabus and preparing you in a way that you can answer all sorts of questions of every level that the actual exam entertains.
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Q. What is the SBI CBO in-hand salary?
Ans. The in-hand salary of an SBI Circle-based officer is Rs. 50,000 to 52,000/- per month.
Q. What is the basic pay of SBI CBO 2021?
Ans. SBI CBO basic pay in the starting is Rs. 36000/- per month.
Q. What is the probation period of an SBI CBO?
Ans. There is a probation period of 6 months given to an SBI CBO.
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