SBI CBO Salary 2020 - Check In Hand Salary, Benefits, Job Profile & Career Growth
SBI CBO Salary 2020 - The State Bank of India conducts the Circle Based Officer (CBO) exam to recruit candidates for the post of SBI CBO. After getting recruited as the post of SBI CBO, candidates receive an attractive salary along with various other perks and incentives from the State Bank of India. In 2020, the State Bank of India has released a notification to recruit 3850 CBOs across multiple states. To know more about the SBI CBO Salary 2020, along with the salary, allowances, incentives and career growth, check the complete article here.
Latest: SBI released a notification for the recruitment of CB. The last date to apply online is August 16, 2020.
SBI CBO In-hand Salary 2020
The salary of selected candidates is (23700-980/7-30560-1145/2-32850-1310/7-42020), at the start of the scale it is. 23,700/- The SBI CBO in-hand salary can be anything between Rs. 26000-30000.
SBI CBO 2020 Salary Increment
At the start of their job, candidates will get a salary of Rs. 23700 plus one increment for each completed year of service rendered in officer cadre in the Scheduled Commercial Bank and Regional Rural Bank, as on 01.08.2020.
SBI CBO Salary 2020 Additional Benefits
Apart from the SBI CBO salary 2020, the candidates 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 CBO 2020 Job Profile Roles And Responsibilities
The first thing that comes to a candidate's mind after knowing about the SBI CBO salary 2020 is the roles and scope of work. Candidates are interested in knowing about the responsibilities and the work which they will have to perform after getting finally recruited. On joining the selected candidates will be posted as “Circle Based Officers” (CBOs) and will be on probation for 6 months. During the probation period, they will be subjected to continuous assessment to analyse their performance and suitability for their role. Candidates who qualify in the assessment will be confirmed in the service of the Bank as Junior Management Grade Scale-I (JMGS-I). Failing to do so, they will be terminated.
SBI CBO Promotions And Growth Opportunities
Apart from the SBI CBO salary 2020, candidates are curious about the growth opportunities as well as the promotion which they might be getting after getting recruited. As per the growth in SBI CBO, the selected candidates will be posted in the Circle of that State against which vacancy they have applied and are selected. The selected aspirants will not be entitled to inter-circle transfer up to their promotion to SMGS-IV Grade OR 12 years of service.
Check salary related articles of other competitive exams
Frequently Asked Question (FAQs) - SBI CBO Salary 2020 - Check In Hand Salary, Benefits, Job Profile & Career Growth
Question: What is the salary of SBI CBO 2020?
The salary of an SBI CBO upon joining is Rs. 23700.
Question: How to apply for SBI CBO 2020?
To apply for SBI CBO, candidates need to visit the official website and apply from there.
Question: How many vacancies are released in SBI CBO?
This year, a total of 3850 vacancies have been released.
Question: What is the selection process of SBI CBO?
The selection of candidates will be based on shortlisting and interview. However, if the number of applications increases as per SBI standards, the bank reserves the right to conduct written examination.
Question: What is the difference between SBI PO and SBI CBO?
The SBI PO stands for Probationary Officers while the CBO stands for Circle Based Officer. The difference is of the probation period, SBI PO salary and CBO salary and experience as in CBO an experience of 2 years is important.