SBI CBO Circle Based Officer Salary 2023

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The State Bank of India (SBI) has invited applications from experienced banking employees towards the SBI Circle Based officers (CBO) positions. This year SBI is recruiting 5280 candidates towards the banking sector. Once appointed the candidate will be under probation for 6 months. After this 06 months of the probation period, candidates will get appointed in the Junior Management Scale with basic pay of Rs. 36000/. Here we are discussing the SBI CBO Salary structure along with the allowances entitled to SBI employees.

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SBI CBO Salary 2023

SBI Circle Based Officer Salary 2023
Allowance	Amount
Pay Scale	36000-1490/7-46430-1740/2- 49910-1990/7-63840
Basic Pay	Rs. 36,000
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

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SBI CBO In-hand Salary 2023

As per the official SBI CBO Notification 2023, the initial salary of a “Circle Based Officers” (CBOs) will be in the scale of JMGS-I (36000-1490/7-46430-1740/2- 49910-1990/7-63840), at the start of the scale i.e. Rs. 36,000/- plus one increment for each completed year of service rendered in officer cadre in the Scheduled Commercial Bank and Regional Rural Bank.

The official 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 Allowances

Any SBI employee will get the following perks along with their basic pay and other allowances;

Contribution Pension Scheme/ New Pension Scheme.
Medical Aid for self (100%) and family (75%).
LTC- Leave Travel Concession.
Home Travel Concession/ Leave Fare Concession.
Concessional interest rates for Housing/ Car/ Personal Loans.

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Allowance	Amount
Dearness Allowance	46.9% of the Basic Pay
City Compensatory Allowance	3% – 4% depending on location
House Rent Allowance	7% – 9% depending on the Place of Posting
Medical Insurance	100% covered for employee \| 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 2023 Notification PDF

Click here to know details on SBI CBO Official notification 2023:

SBI CBO Recruitment 2023 Notification PDF

SBI CBO Vacancy 2023

State Bank of India has announced 5447 Circle Based Officer vacancies through the SBI CBO Notification 2023, out of which 5280 are regular vacancies and the remaining 167 are backlog vacancies. Check the complete vacancy distribution for the SBI CBO recruitment 2023 exam from the table given below:

SBI CBO Vacancy 2023 (Regular)
Circle	Language	SC	ST	OBC	EWS	GEN	Total
Ahmedabad	Gujarati	64	32	116	43	175	430
Amaravati	Telugu	60	30	108	40	162	400
Bengaluru	Kannada	57	28	102	38	155	380
Bhopal	Hindi	67	33	121	45	184	450
Bhubaneswar	Odia	37	18	67	25	103	250
Chandigarh	Urdu Hindi Punjabi	45	22	81	30	122	300
Chennai	Tamil	18	9	33	12	53	125
North Eastern	Assamese Bengali Bodo Manipuri Garo Khasi Mizo Kokborok	37	18	67	25	103	250
Hyderabad	Telugu	63	31	114	42	175	425
Jaipur	Hindi	75	37	135	50	203	500
Lucknow	Hindi / Urdu	90	45	162	60	243	600
Kolkata	Bengali Nepali	34	17	62	23	94	230
Maharashtra	Marathi Konkani	45	22	81	30	122	300
Mumbai Metro	Marathi	13	6	24	9	38	90
New Delhi	Hindi	45	22	81	30	122	300
Thiruvananthapuram	Malayalam	37	18	67	25	103	250
Total		787	388	1421	527	2157	5280

SBI CBO Vacancy 2023 (Backlog)
Circle	SC	ST	OBC	Total
Ahmedabad	03	25	03	31
Bengaluru	04	03	—	07
Bhopal	—	02	—	02
Bhubaneswar	04	08	—	12
Chennai	—	38	02	40
North Eastern	07	—	26	33
Hyderabad	02	02	—	04
Kolkata	09	11	14	34
Maharashtra	—	04	—	04
Total	29	93	45	167

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