State Bank of India will organise an examination on January 21 for recruitment of Circle Based Officers (CBO) to fill 5447 posts. SBI has also released the admit card for the exam. Let us take a look at how much salary a CBO gets in SBI and what other incentives they sign up for.
The compensation for Circle Based Officers (CBOs) is set by the SBI. The bank offers competitive compensation packages, benefits and employment stability to candidates selected for the CBO position. For junior management grade scale I plus 2 advance increments, the starting basic pay will be Rs 36,000 based on Rs 36000-1490/7-46430-1740/2-49910-1990/7-63840.
In addition to the base salary, all selected candidates will get additional perks, allowances and benefits as appropriate for the position. To prevent confusion after being appointed to the position, they should also review other job duties with this. The pay scale, basic salary, allowances, deductions, gross compensation, net salary and other components are all included in the SBI Circle-Based Officer salary structure. For the candidates’ convenience, please see below the comprehensive SBI CBO salary structure.
Pay Scale – Rs 36,000-1490/7-46,430-1740/2- Rs 49,910-1990/7-63,840
Basic Pay – Rs 36,000
Dearness Allowance – Rs 16,884
House Rent Allowance – Rs 2,520
City Compensatory Allowance – Rs 1,080
Other Allowances – Rs 2,000
Gross salary – Rs 58,000
Deduction – Rs 8,100
Net salary per month – Rs 50,000
All tasks assigned by senior authorities must be completed by candidates nominated to the Circle Officer role in SBI. The SBI CBO job profile is as follows-
To manage the functions of the main branch
To maintain cordial relations with customers
To ensure that all the policies are implemented properly
To sanction loans and monitor functions operated in the bank
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