SBI CBO Salary After 11th Bipartite Settlement 2022 | SBI CBO Posting Location | SBI CBO Job Profile | SBI Circle-Based officer Salary | SBI Circle-Based Officer Job Profile | Circle Based Officer SBI Role and Responsibilities
SBI CBO Salary After 11th Bipartite Settlement 2022 | Circle-Based Officer SBI Salary: State Bank of India (SBI) conducts Circle-Based Officer Exams once a year to recruit candidates in the banking sector. SBI Salary Structure, Pay Scale, Promotion, and Job Description are given in detail in this dashboard. A job in the State Bank of India is considered prestigious because of the high SBI salary and many perks offered to every employee. Participators looking for central government jobs can avail themselves of this opportunity with an affordable salary package.
- As 2 years of experience is mandatory for CBO posts, every selected candidate will get at least 2 increments in basic pay.
- Deductions: NPS: 10% (Basic +DA) by the employee and 14% (Basic +DA) credited by the bank.
- Employees Provident Fund (only for SBI employees): 10% of basic pay and the same amount will be credited by the bank.
SBI CBO posting location | SBI CBO Salary slip
- Most of the entrants who want to apply for SBI Recruitment 2022 are interested to know the details about their salary scale after joining the job.
- Entrants must score above the SBI CBO Recruitment Cut-off marks to avail of the lucrative salary package.
- Challengers who are concerned about SBI CBO Recruitment 2022 must note the benefits they will get after clearing the exam and prepare for it with all their efforts.
- After participating and passing, challengers can be recruited for the following posts
The career development offered by SBI is very attractive, offering wide opportunities even after the aspirant gets the job. Based on their performance, experiences and knowledge, below are the options followed after owning the following post. Furthermore, they can apply for higher positions once they gain the necessary experience. We would like to inform fascinated nominees about career opportunities and promotions in this field. To avail of exclusive job offers, join our Telegram Channel page now
SBI CBO job Profile | SBI CBO Salary Per Month
In this linked article we have provided a detailed guide about Salary Scale, Job Profile, Career Growth, Allowances, Promotion Policy, increments, etc. for CBO posts along with Salary Structure and other benefits.
- The employer provides basic pay, grade pay, admissible allowances, benefits, and other benefits to the job professionals.
- Selected candidates are paid as per the Level & Pay Matrix
- Most of the Bank sector follows the uniform guidelines issued by the Ministry of Finance, Government of India in matters of incentive policy.
- The government sector follows two channels in the matter of promotion namely the merit channel and the normal channel.
SBI Circle-Based Officer Salary After 11th Bipartite Settlement 2022
- New basic salary for CBO: Rs. 23700-1490*7-46430-1740*2-49910-1990*7-63840
- DA Rate: 23.8% of basic pay
- HRA: 9/8/7% of basic pay
- Special Allowance: 16.4% of basic pay +DA thereon
- Learning allowance: Rs. 600 +DA Theron
- CCA: Rs. 1400/1150
- Location allowance: Rs. 700 for NON-CCA areas.
Circle-Based Officer Salary after 11th BPS
- Income tax: As per Income slab and investment declaration under IT ACT 1961 in the respective financial year
- Gross salary calculation by taking basic pay of Rs. 38980(Rs. 36000+ 2 increments of Rs. 1490 each)
- Rs. 60342(For 7% HRA areas) Rs.60732(For 8% HRA areas)
- Rs. 61872(For 9% HRA areas along with CCA component)
- Net Salary after 11th BPS: Rs.51452(Excluding Income tax deductions)(For 7% HRA areas)
- Rs. 52800(Excluding Income tax deductions)(For 8% HRA areas along with CCA component)
- Rs.52995(Excluding Income tax deductions)(For 9% HRA areas along with CCA component)
We hope our article is informative. To stay ahead of the ever-increasing competition, you are strongly encouraged to download the previous year’s papers and start practicing. By solving these papers you will increase your speed and accuracy. For more information check Naukrimessenger.com website for exam patterns, syllabi, Results, cut-off marks, answer keys, best books, and more to help you crack your exam preparation. You can also take advantage of amazing Job offers to improve your preparation volume by joining in Telegram Channel page!!!
| Notification Details | |||||
|---|---|---|---|---|---|
| Recruiter | State Bank of India | ||||
| Designation | Circle Based Officer | ||||
| Job Location | Across India | ||||
| Vacancies/Post | Multiple | ||||
| Official Website | http://sbi.co.in | ||||
| Join our Telegram | |||||
Circle-Based Officer SBI Salary: Allowances & Benefits
There are various benefits such as these allowances
- Pension Scheme
- Leave Fare Concession
- Concessional Interest Rates for Housing/Car/Personal Loans
- LTC (Leave Travel Concession)
| Allowance | Amount |
|---|---|
|
Dearness Allowance
|
46.9% of the Basic Pay
|
|
City Compensatory Allowance
|
3% – 4% depending on the location
|
|
House Rent Allowance
|
7% – 9% depending on the Place of Posting
|
|
Medical Insurance
|
100% covered for employees | 75% covered for dependent family
|
|
Travelling Allowance
|
AC 2-tier fare is reimbursed to the employee for official travels
|
|
Petrol Allowance
|
INR 1,100 – 1,250
|
|
Newspaper Allowance,
Entertainment Allowance, Books Allowance, etc. |
Varies based on Cadre
|
SBI CBO Career Growth & Promotion
- In the recruitment, candidates are appointed to the officer post on a circle basis.
- They have to serve a fixed period of probation which is assessed.
- They will get permanent employment under Junior Management Grade Scale-I (JMGS-I).
- Candidates will be in General Category and promotions will be as per Bank’s Promotion Policy for General Staff.
- Selected candidates will not be eligible for intra-circle transfer till promotion in SMGS-IV grade or 12 years of service.
SBI CBO Perks
- Contribution Pension Scheme/New Pension Scheme.
- Medical Aid for self (100%) and for family (75%).
- LTC.
- Home Travel Concession/ Leave Fare Concession.
- Concessional interest rates for Housing/Car/Personal Loans.
SBI Circle-Based Officer In-hand Salary 2022
SBI CBO in-hand salary includes basic pay along with all the allowances. Candidates are also given an increment in each year of service. The starting basic pay is Rs. RS. 23700/-. Annual SBI CBO Salary Rs. 8.20 lakh (minimum) to Rs. 13.08 Lakhs per annum (Max.)
SBI Circle-Based Officer Salary Structure 2022
|
Allowance
|
Amount
|
|
Pay Scale
|
23700-1490/7-46430-1740/2- 49910-1990/7-63840
|
|
Basic Pay
|
RS. 23700/- |
|
Dearness Allowance (DA)
|
Rs. 16,884
|
|
House Rent Allowance (HRA)
|
Rs. 2520
|
|
City Compensatory Allowances (CCA)
|
Rs.1080
|
|
Gross Salary
|
Rs. 58,484
|
|
Deduction
|
Rs. 8187.6
|
|
Net Salary
|
Rs. 50,296.24
|
Conclusion
Based on their performance, experiences and knowledge, below are the options followed after owning the post of CBO posts. To get promoted, the candidate has to appear in the examinations conducted from time to time by CPRI. It offers lucrative salaries to their SBI CBO which is the main reason why every year graduates rush to get this job opportunity. Many Central Govt aspirants are confused about salary payments. Their job description is usually to assist higher officials and maintain workflow in the department. They also get salary and other benefits as per the latest pay commission of the Central Government of India.
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