SBI CBO Salary 2024 - Check In Hand Salary, Benefits, Job Profile & Career Growth

SBI CBO Salary 2024 - Check In Hand Salary, Benefits, Job Profile & Career Growth

Edited By Vishnukumar V | Updated on Jun 10, 2024 02:15 PM IST

SBI CBO Salary 2024 - SBI will prescribe SBI CBO 2024 salary on the official notification. The State Bank of India will conduct the SBI CBO 2024 exam to recruit candidates for the post of SBI CBO. Candidates who will be selected as SBI CBO will be placed under Junior Management Grade Scale I. The starting basic pay of SBI CBO 2024 will be Rs 36,000 while the gross salary will be Rs 58,488. The in-hand salary of SBI CBO 2024 will be Rs 50,302 including benefits, allowances and other perks. The State Bank of India conducts the SBI CBO exam to recruit candidates every year. To know more about the SBI CBO Salary 2024 along with allowances, incentives and career growth, read the complete article here.

SBI CBO In-hand Salary 2024

The pay scale of SBI CBO 2024 selected candidates will be Rs. 36,000/- on the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840. The SBI CBO in-hand salary can be anything between Rs 50,000 to Rs 52,000 including allowances, benefits and deductions.

SBI CB 2024 Salary In-hand

Allowance
Amount
Pay Scale
36000-1490/7-46430-1740/2- 49910-1990/7-63840
Basic Pay
Rs. 36,000
Dearness Allowance (DA)
Rs. 16,886
House Rent Allowance (HRA)
Rs. 2522
City Compensatory Allowance (CCA)
Rs. 1084
Gross Salary
Rs. 58,488
Deductions
Rs. 8187
Net Salary
Rs. 50,302

Note: The gross salary and in-hand salary of SBI CBO 2024 can be changed depending on allowances, benefits and deductions.

SBI CBO 2024 Salary Increment

At the start of their job, candidates will get a salary of Rs. 36,000 plus two advance increment for each completed 2 years of work experience rendered in officer cadre in the Scheduled Commercial Bank and Regional Rural Bank.

SBI CBO Salary 2024 Additional Benefits

Apart from the SBI CBO salary 2024, 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 2024 Job Profile Roles And Responsibilities

The first thing that comes to a candidate's mind after knowing about the SBI CBO salary 2024 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 2024, 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. The gross salary and in-hand salary of SBI CBO 2024 can be changed depending on allowances, benefits and deductions.

Check salary related articles of other competitive exams

Frequently Asked Questions (FAQs)

1. What is the salary of SBI CBO 2024?

The salary of an SBI CBO 2024 upon joining is Rs. 36,000.

2. How to apply for SBI CBO 2024?

To apply for SBI CBO, candidates need to visit the official website and apply from there.

3. How many vacancies are released in SBI CBO?

SBI CBO vacancies 2024 will be detailed in the official notification at sbi.co.in.

4. 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.

5. 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 2024 and CBO salary and experience as in CBO an experience of 2 years is important.

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