SBI CBO-In Hand Salary & Career Growth?

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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SBI CBO Salary 2021 – Check Revised Salary Structure

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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SBI CBO In Hand Salary

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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SBI CBO Perks and Allowances

Here we are describing the perks and allowances that an SBI Circle Based Officer (CBO) is entitled to.

SBI CBO Allowances

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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SBI CBO Perks

An SBI Circle Based Officer will also be entitled to the following perks as per rules in force from time to time.

Contribution Pension Scheme/New Pension Scheme.
Medical Aid for self (100%) and for family (75%).
LTC.
Home Travel Concession/ Leave Fare Concession.
Concessional interest rates for Housing/Car/Personal Loans.

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SBI CBO Salary – Promotion, Career Growth

When you will join as a CBO (Circle Based Officer), you will be on probation for a period of 6 months.
As a CBO, you will be subjected to continuous assessment during the probation period for judging your suitability for confirmation.
If you will qaulify in your assessment as per standards determined by the Bank, from time to time, you will be confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
If, as a CBO, you will fail to achieve the minimum standards stipulated, your services may be terminated as per the policy of the Bank in force at the material time.
As a selected officer, you will be in the general cadre and will be governed by the promotion policy applicable for Bank’s general cadre officers.
As a selected candidate, you will not be entitled to inner-circle transfer up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is later.

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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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SBI CBO Salary 2021 FAQs

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.

Asad Yar Khan

I write and oversee the creation of informative educational blogs centering around study strategies, exam techniques, and more, to guide aspirants in clearing SSC, banking, engineering, and other competitive exams. I ensure a range of subjects are covered with precision and clarity. With over 7 years of diverse writing experience, I share a wealth of wisdom and expertise with thousands of students, through PracticeMock every day, helping them achieve their goals.