SBI CBO Salary 2022 Pay Scale Increment Allowances Career Path

State Bank of India has advertised for 1422 posts of Circle Based officer (CBO) through advertisement no. CRPD/ CBO/ 2022-23/22 for seven Circles. Those who got selected are to be posted in circle / state for which they have applied. If you want to know what is the salary and pay scale of SBI Circle Based Officer in starting on monthly basis. You can find this information on this page.

Pay Scale

Presently in 2022, the starting basic pay for newly appointment candidate is Rs. 36,000/- per month. The pay scale of these posts is Rs. 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to Junior Management Grade Scale-I.

SBI CBO Salary 2021 pay scale

Starting Salary calculation:

Pay Scale: Rs. 36000-1490/7-46430-1740/2-49910-1990/7-63840

Starting Basic Pay: Rs. 36000 

Dearness allowance: 30.38% of basic pay i.e. Rs. 10936 

HRA: 9%, 8%, 7% depending on city

  • Rs. 3240 (9% of basic pay) for Major Cities / project cities in Group A
  • Rs. 2880 (8% of basic pay) for other places in Area 1 and project area centres in Group B and State of Goa
  • Rs. 2520 (7% of basic pay) for other cities.

City Compensatory Allowance (CCA): Rs. 1150-1400 depending on city

Other Allowances includes Learning Allowance, Special Allowance, Location allowance if applicable ie. around 2000

SBI CBO Salary Structure

  • Pay Scale : Rs. 36000-1490/7-46430-1740/2-49910-1990/7-63840
  • Total Salary in Starting : around 50600-53500 per month
  • Deductions: 10% of basic pay + DA + Income tax i.e. around Rs. 6000
  • Cash in Hand Salary per month: Rs. 44600-47500 per month

Increment and Allowances:

One increment for each completed year of service rendered in officer cadre in Scheduled Commercial Bank/ Regional Rural Bank is to be given as on 01.12.2021. However, maximum two advance increment can be given, irrespective of the duration of experience gained in previous employment. 

Candidate will also be eligible for Dearness Allowance, House Rent Allowance HRA/ Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time.

Joining, Training and Career Path:

On joining, they will be given designation of “Circle Based Officers” (CBOs). They will be on probation period of 6 months from their joining the Bank. During this probation period, their continuous assessment will be done for judging their suitability for confirmation. 

The candidates who qualify in their assessment will be confirmed in Junior Management Grade Scale-I (JMGS-I). If any candidate fails, then their services may be terminated as per policy of the Bank in force at the material time.

The selected officers will be governed by the promotion policy for Bank’s general cadre officers. The selected candidates will not be entitled for inter-circle transfer/ Corporate Centre Posting/ Corporate Centre Establishment Posting/ Foreign Posting up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is later.

Related links:
SBI Probationary Officer Salary
7th Pay Matrix Table
Learn How to Calculate Salary from Pay Scale or Grade Pay