SBI CBO Salary 2024, In hand Salary Perks And Benefit

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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

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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.

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SBI CBO Salary 2024 FAQs

What is the basic pay or salary of SBI CBO 2024?

SBI CBO’s basic pay in the starting is Rs. 36000/- per month.

What is the SBI CBO in-hand salary?

The SBI CBO in-hand salary is Rs. 50,000 to 52,000/- per month.

What is the probation period of an SBI CBO?

There is a probation period of 6 months given to an SBI CBO.

Sweta Singh

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