SBI CBO Salary | In hand Salary, Structure, Job Profile, Perks

SBI offers attractive perks and allowances to its employees. And when it comes to Junior Management Grade Scale-I officers like SBI CBO, this becomes even more lucrative. SBI CBO salaries are given as per the 7th pay commission along with other admissible allowances.

Knowing the salary package before the exam will be an added motivating factor for banking personnel looking to make it into SBI as CBOs. Let us have a look at the salary details of SBI CBO with complete In-hand Salary, Structure, Perks, Allowances and Job Profile of SBI CBO. SBI CBO recruitment 2020 need to undergo an online written objective & Descriptive and an Interview. Read along to know more.


SBI CBO Salary Structure

Before looking at any other aspect, let’s have a look at the Basic Salary Structure  of SBI CBO in details. The salary structure details are as follows.

SBI CBO Salary Structure

Pay Scale
  1. INR 23,700/-  INR 980/7
  2. INR 30,560/- INR 1,145/2
  3. INR 32,850/- INR 1,310/7
  4. INR 42,020/-
Basic PayINR 23,700/- (Increment for 7 Years = INR 980/-)
Basic Pay After 7 YearsINR 30,560/- (Increment for 2 Years INR 1,145/-)
Maximum Basic SalaryINR 42,020/-
Total Salary Per AnnumINR 8,20,000/- INR 13,0,8000/-
  • Now let’s break this down a bit. INR 23,700/-  INR 980/7 means that the basic pay of SBI CBO will be INR 23,700 with an annual increment of INR 980 for the next seven years.
  • Similarly, INR 30,700/-  INR 1145/2 means that the basic pay of SBI CBO will be INR 30,700 with an annual increment of INR 1145 for the next 2 years and so on. SBI CBO can have a maximum basic pay of INR 42,020.

SBI CBO In-Hand Salary

In-hand salary is calculated with the simple formula

In-hand Salary = Basic + DA + HRA+ City compensation(depends on posting) – (PF & Pension Contributions)  

Considering the Basic Pay at joining as INR 23,700

Total Salary = INR 23,700 + 46.9% Of 23,700 + 7% Of 23,700 + 3% Of 23,000 + 2000 approx (Other Allowances)

Deductions = (14% approx)

Therefore, total Take Home (In-hand)  Salary = 39,115 – 5,476 = INR 33,639

So, the In-hand salary of SBI CBO will be a minimum of INR 33,639.

The DA varies significantly can go up to 75% of Basic Pay, taking the in-hand salary to a new height.


SBI CBO Annual Package

Aspirants who clear the all the stages of  SBI CBO recruitment process will then receive their salary as per the 7th pay commission. As per the official notification, the annual salary that an SBI CBO would receive will be approximately around INR 8,20,000/- INR 13,8,000/-.

SBI CBO Allowances

As we have already discussed the in-hand salary, which includes various allowances,  it is time for us to have a clearer view of most common allowances rewarded to SBI CBO selected. The different allowances given are –

Dearness Allowance (DA)46.9%-75% of the Basic Pay (Changes as per the city of appointment)
House Rent Allowance (HRA)7% to 9% of the Basic Pay
City Compensatory Allowances (CCA)3% to 4% Depending on the Location
Medical Insurance100% Covered for the Employee.



75%  for Family Members

Traveling InsuranceReimbursement of Fair for Official Travels Only.
Petrol AllowancesAround INR 1,100/- – INR 1,250/-
Newspaper Allowance, Entertainment Allowances, Books Allowances, etcVaries Based on the Cadre

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SBI CBO Perks & Benefits

Candidates selected for SBI CBO receive additional perks and benefits as per the 7th pay commission. Few of these benefits are listed below.

  1. Home Travel Concession/Leave Fare Concession
  2. Leave Travel Concession (LTC)
  3. Pension Scheme/New Pension Scheme
  4. Concessional Interest Rates for Housing/Personal Loans/Car Loans


SBI CBO Probation Period

The selected SBI CBO in respective circles will  undergo a probationary period of 6 months which will be under continuous assessment until the time of confirmation. If a candidate fails to qualify during probationary period will be terminated from the service.

SBI CBO Growth & Promotion

SBI Circle Based Officer are employed as Junior Management Grade Scale 1. Bank rules and the performance at work plays a vital role in receiving promotions. Bank employees are closely observed for this purpose. CBOs joining at Scale 1 will receive enough promotions opportunities and reach Senior Management Grade Scale 4.

SBI SBO Job Profile

Some of the Roles and Responsibility (not limited to) of an SBI CBO Officer are –

  • Management of core functions of a bank
  • Loan packages will be approved by the SBI CBO in a bank branch.
  • Banking Operations Monitoring
  • Maintaining Healthy Relationships With the customers
  • Smooth Implementations Of policy



What is the annual salary package of SBI CBO?

The Annual Salary Package of SBI CBO is around INR 8,20,000/- INR 13,0,8000/-

What will be the in-hand salary of an SBI CBO?

The In-hand salary of the SBI CBO will be INR 33,693/- @ 46% DA

Do candidates have to undergo a probationary period once selected for the post?

Yes, candidates will have to undergo a probationary period of 6 months once selected for the post.

What are the perks and benefits an SBI CBO will receive along with the salary?

Along with the salary, Reduced Loan Interest Rates, Travel Concession/Leave Fare Concession, Leave Travel Concession (LTC), Pension Scheme/New Pension Scheme, etc will be the perks and benefits of SBI CBOs.

Will there be a promotion for the SBI CBO post?

Yes, there will be promotions for eligible employees and is based on bank rules and performance.

What is CBO post in SBI?

CBO stands for Circle Based Officer. It is a Junior Management Grade Scale-I post. SBI CBO selects will go through a probation period of 6 months. After the probation period, all the suitable candidates are posted as permanent officers of SBI.

When will be SBI CBO Online Test conducted?

The SBI CBO Online Test will be conducted on 28th November 2020.



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