SBI CBO Salary 2024, Pay Scale, Perks and Allowances

The SBI CBO Salary 2024 is a key factor that attracts many candidates to apply for the Circle Based Officer position. Along with a competitive pay scale, SBI offers various perks and allowances that make the job even more desirable. The salary structure includes basic pay, dearness allowance, house rent allowance and other benefits, providing employees with 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 2024 will be delivering a basic pay of Rs. 36,000/- on the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840.  The officer will also be eligible for D.A., H.R.A/ Lease rental, C.C.A, Medical, and other allowances & perquisites as per rules in force from time to time. SBI offers a lucrative amount of salary along with various perks and allowances to the Circle-Based Officer. Check out this article to learn more about SBI Circle Based Officer Salary 2024.

SBI Circle Based Officer Salary 2024: Overview

The SBI CBO Salary notifies the compensation package received by the Circle Based Officer. Interested candidates must go through the SBI CBO Salary 2024 structure to boost their zeal for recruitment. Here, we have mentioned the SBI CBO Salary details in a tabular format.

SBI CBO Salary Structure 2024

SBI CBO Salary Structure 2024 will be clearly mentioned in the SBI CBO Notification 2024PDF. For a detailed review, we have mentioned all the details related to the SBI Circle Based Officers Salary Structure 2024 (based on previous notification) in the table below.

SBI CBO In Hand Salary 2024

SBI CBO In Hand Salary 2024 involves great basic pay along with other allowances and benefits. The initial basic pay of the position will be Rs. 36,000/-. If a newly joined SBI CBO Candidate has two years of experience in the officer cadre in any Scheduled Commercial Bank or Regional Rural Bank, they will be getting two advance increments.

SBI CBO Salary 2024 Emoluments

Along with a lucrative SBI CBO Salary 2024, SBI Circle-Based Officers also benefitted from various perks and allowances. We are providing you the complete list of allowances that will be enjoyed by a Circle based officer once appointed.

SBI CBO Salary 2024 Perks

Given below are some of the perks that will be given to the SBI Circle-Based Officer along with the SBI CBO Salary 2024

1. A SBI CBO gets a contribution Pension Scheme/New Pension Scheme.

2. The availability of medical Aid for self (100%) and for family (75%).

3. LTC will be given as well.

4. Home Travel Concession/ Leave Fare Concession will also be given.

5. Concessional interest rates for Housing/ Car/ Personal Loans will be there.

SBI CBO Salary 2024 Job Profile

The circle-based officers have to perform certain key responsibilities in the bank. The job profile of an SBI CBO comprises the following:

• Sanction loan packages
• Manage the main branch functions
• Make sure that the important policies are implemented successfully
• Maintain a good relationship with the customers
• Monitor the operations performed in the bank
• Ensure accounting work is done correctly.

SBI CBO Salary: Promotion and Career Growth

After getting selected for the SBI CBO, Candidates will have the following promotion and career growth options:

1. After the joining of the selected candidates for the post of SBI CBO, candidates will be on a period of probation for 6 months.
2. During the probation period, the CBOs will have to do a continuous assessment to judge their suitability.
3. All the candidates who will qualify in their assessment as per the standards determined by the Bank from time to time will be promoted to the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
4. Any candidate who fails to achieve the minimum standards stipulated in his/ her services might get suspended as per the policy of the Bank.
5. The candidates who will be selected will be in the general cadre and will be eligible for the promotion policy, which is applicable to the Bank’s general cadre officers.