SBI CBO Salary 2022 - In Hand Salary, Basic Pay, Perks

SBI CBO Salary 2022 - In Hand Salary, Basic Pay, Perks

ByAkash Mishra  |  Updated on: Dec 16, 2021
SBI CBO Recruitment 2021-22 Notification has been released. SBI invites 1226 vacancies for the Circle Based Officer (CBO) post. Candidates with a graduate degree can apply for the examination. Check all the details regarding SBI CBO Notification 2021-22, syllabus, apply online, eligibility details, selection process, exam dates, preparation strategy and more.
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SBI CBO Salary Structure

SBI CBO Salary 2022: Candidates applying for the SBI CBO Exam must know details about the SBI CBO Salary. Below mentioned are all the details including SBI CBO In-hand Salary, salary structure, career growth, several components of the salary and more.

According to the official notification in the initial stages of the service candidates will join as junior management grade scale or JMGS-1. After which he will be promoted to SMGS which is senior management grade scale-IV(Approximately after a period of 12 years). The basic pay of SBI CBO is 23700-980/7-30560-1145/2-32850-1310/7-42020 as mentioned in the official notification. 

This implies that for the first seven years employee working as SBI CBO, will get an increment of 980/-. After which his/her basic pay will be 30560. He can get basic pay of rs 42020 as maximum. This is to be noted that basic pay to the selected candidates will be given based on their experience. The increment for each completed year of service will also be added to the given basic pay.

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SBI CBO Salary in Hand

SBI CBO (Circle Based Officer) draws a salary around ₹ 43,000-46,000 inclusive of all the perks and other benefits. Deductions to the gross salary are made according to the rules of the bank community.

Take-home salary for the candidates no doubt would be getting the pay equal to that of SBI PO. So if you are thinking to join SBI as CBO it is a good opportunity for the private bank employees as well as govt employees to serve in SBI.

SBI CBO Perks and Other Benefits

Apart from the salary that a CBO gets, he is also entitled to certain perks and perquisites in the form of travel allowance, medical allowance, CCA, Dearness allowance, house rent allowance, etc. as per the rules decided by state bank of India. Check complete details of allowances that an officer gets.



Dearness Allowances (DA)

75.9% of the Basic Pay

House Rent Allowance (HRA)

7-9% of Basic pay. Depending on the place of posting.

City Compensatory Allowance (CCA)

3% – 4% which depends on the place of posting.

Medical Insurance

75% for the family members and 100% for the employee of the organization

Travelling Allowance

Reimbursement of the amount spent on travelling

Petrol Allowances

Up to 45 ltr (2 wheeler) and up to 55 ltr (4 wheeler) in a month

Books Allowance, Entertainment Allowance, Newspaper Allowance, etc

Varies based on the Cadre

Apart from the mentioned Basic Pay and Allowances, officers will also be eligible for the mentioned benefits.

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

SBI CBO Career Growth & Promotion

Selected candidates will join as junior management grade scale-1 (JMSG-1). After the probation of 6 months performance of the employee will be assessed. Candidates will get several opportunities to get promoted to higher levels. He can get promoted to Senior Management Grade Scale-IV. Check the complete details below.

  1. The selected candidates will be on probation for a period of 6 months after joining and will be designated as “Circle Based Officers” (CBOs).
  2. Their performance during and after probation will be assessed to check the growth of the organization they contribute to.
  3. After the completion of the probation according to the bank rules, candidates will start working as JMSG-1.
  4. If any candidate does not meet the requirement of the organization, their probation can be extended or even they can be terminated according to the rule in force.
  5. Any selected candidates will not be allowed for inner-circle transfers till his/ her promotion to SMGS-IV Grade (or) 12 years of service, whichever is later.

We have provided you with complete details on SBI CBO salary, career progression, and other details. If you are eligible for this post and have not applied yet, do apply now.

Important Links: -

SBI CBO Syllabus 2022SBI CBO Cut Off
SBI CBO Mock TestSBI CBO Online Coaching

Good Luck!


  • The SBO CBO Salary is in the scale of 23700-980/7-30560-1145/2-32850-1310/7-42020 inclusive of all the perks and other benefits.

  • There is a probation period of 6 months for the SBI CBO Post. 

  • The promotions for the SBI CBO posts is applicable for all eligible employees as per the bank rules and performance.

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