SBI CBO Salary 2022: State Bank of India has released the revised SBI CBO Salary along with its official SBI CBO Notification 2022 issued for 1226 Circle Based Officers. Salary is the important factor that attracts candidates for any post & SBI offers good amount of salary packages to its employees. The candidates who have been looking for an opportunity as a Circle Based Officer must be aware of the revised pay scale, complete salary structure, perks, allowances, the job profile of SBI Circle Based Officer. In this article, we have provided complete detail about the SBI CBO salary as per the new structure. Go through the complete article to have an idea about the detail. 

SBI CBO Salary 2022

State Bank of India offers a handsome salary package to the candidates selected for the post of Circle Based Officer. Previously the in-hand salary for SBI CBO was Rs. 33,000 to 35,000 which has now been revised to Rs. 50,000 to 52,000. The revised SBI CBO Salary is as per the Junior Management Grade Scale-I plus one increment for each completed year of service rendered in officer cadre in Scheduled Commercial Bank/ Regional Rural Bank as of 01.12.2021. To know the complete breakup of SBI Circle Based Officer Salary refers to the amount discussed in this article. 

SBI Circle Based Officer Salary 2022

As of 01/12/2021, the initial basic pay of the SBI Circle Based Officer is revised to Rs. 36,000/- on the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840 applicable to Junior Management Grade Scale-I plus one increment for each completed year of service rendered in officer cadre in Scheduled Commercial Bank/ Regional Rural Bank. 

SBI Circle Based Officer Salary 2022
AllowanceAmount
Pay Scale36000-1490/7-46430-1740/2- 49910-1990/7-63840
Basic PayRs. 36,000
Dearness Allowance (DA)Rs. 16,884
House Rent Allowance (HRA)Rs. 2520
City Compensatory Allowances (CCA)Rs. 1080
Other AllowancesRs. 2000
Gross Salary Rs. 58,484
Deduction Rs. 8187.6
Net Salary Rs. 50,296.24

SBI CBO Admit Card 2022 Out- Click Here

SBI CBO Exam Date 2022 Out- Check Here

SBI CBO In-hand Salary 2022 

In-hand salary is calculated with the simple formula- Basic + DA + HRA+ City compensation(depends on posting) – (PF & Pension Contributions). The starting in-hand salary of a Circle Based Officer working in the State Bank of India may range between Rs. 50,000 to Rs. 52,000 including all perks and excluding PF etc. 

SBI CBO Salary Allowances and Benefits

Along with the salary, the SBI CBO is granted various perks and benefits as per the scheme of the Reserve Bank of India which are as follows- 

1. Reduced Loan Interest Rates for Housing/Personal Loans/Car Loans

2. Travel Concession/Leave Fare Concession

3. Leave Travel Concession (LTC)

4. Pension Scheme/New Pension Scheme

The details of SBI CBO allowances offered along with SBI CBO Salary are as follows:

AllowanceAmount
Dearness Allowance46.9% of the Basic Pay
City Compensatory Allowance3% – 4% depending on location
House Rent Allowance7% – 9% depending on the Place of Posting
Medical Insurance100% covered for employee | 75% covered for dependent family
Travelling AllowanceAC 2-tier fare is reimbursed to the employee for official travels
Petrol AllowanceINR 1,100 – 1,250
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.Varies based on Cadre

SBI CBO Job Profile

The candidates applying for SBI CBO must be well-known about some of the major responsibilities and duties they have to perform after their selection as Circle Based Officer in the State Bank of India.

1. The Circle Based Officer is responsible for the management of core functions of the bank they are posted. 

2. Circle Based Officers have to approve the Loan packages in their respective bank branches.

3. CBO is responsible for the smooth conduction of all banking operations within their branch. 

4. It is the responsibility of the Circle Based Officer to maintain Healthy Relationships with the customers.

5. To implement any new or old policy in a smoother way. 

SBI CBO Syllabus & Exam Pattern 2021-22

SBI CBO Salary 2022: FAQs

Ans. The in-hand salary of Circle Based Officer is Rs. 50,000 - Rs 52,000.

Ans. The CBO is responsible for Management of core functions, approval of loan packages, monitoring banking operations, and other tasks. Check the article for more detail.

Ans. The initial basic pay of SBI CBO is revised to Rs. 36,000/-A

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