What is the revised SBI CBO Salary in hand? This is the question in every CBO’s mind of SBI because the central government of India has revised the salary of the CBO of India’s Biggest bank State Bank of India. The rank of CBO is Junior Management Rank- 1st in the Public Sector units of the central government of India and the same sector of the state governments. State Bank of India gives the best in the sector salary for all the employees of the organization. That’s why all youngsters dream about a carrier with the State Bank of India.
Yes! here in this post we came up with authentic information and links for related queries about the Salary-in-hand of SBI CBO. State bank of India Gives the best Allowances and perks to all CBO across India. The pay scale of the SBI CBO is now 36000-1490/7-46430-1740/2- 49910-1990/7-63840. This pay scale varies according to the years you are working as CBO rank in SBI till you are promoted to the senior level of management grade.
SBI CBO Salary in-hand – Perks and Allowances
As a junior management grad 1, CBO (Circle Based officer) at the State bank of India. They have an attractive Pay Scale. Here we will discuss the salary in the hand of SBI CBO and other Perks & Allowances benefits. As we all know that the government has revised the salary structure of the SBI. Employees now check their revised pay scale and salary in hand. The last salary in hand was Rs 33,000 to Rs 35,000. Now the salary of the CBO of the SBI bank increased from Rs 50,000 to Rs 52,000 in the year 2022.
We have a complete pay scale structure in the below table for you. Please go through and clear your doubts about SBI Circle Based Officer (CBO) Revised Pay Scale:
|Circle-Based Officer Pay Scale & Salary in Hand 2022-2023|
|Pay Scale of CBO||36000-1490/7-46430-1740/2- 49910-1990/7-63840|
|(DA) Dearness Allowance||Rs. 16,884|
|(HRA) House Rent Allowance||Rs. 2550|
|(CCA) City Compensatory Allowances||Rs. 1080|
|Other Allowances||Rs. 2000|
|Children Education Allowance||NA|
|Gross Salary||Rs. 58,484|
|Net Salary||Rs. 50,296.24|
Benefits Apart From Salary in Hand of SBI CBO
The State bank of India also gives other allowances, perks, and reimbursements to the Circle-based Officer. As per the Central government rule, all the employees of the State Bank Of India are eligible for the yearly salary increment. Apart from salary in hand, The SBI CBO is eligible for the below-given allowances as reimbursement.
- Leave travel and Home Travel Compensation
- Special Concession on the rate of interest on home loan
- Special Concession on the rate of interest on Personal loan
- Special Concession on the rate of interest on Automobile (Car/ Bike) loans.
Other Perks Apart From Salary in Hand of SBI CBO
As the biggest bank in India, SBI gives lots of additional perks to the CBO of SBI apart from Salary in hand. That’s because lots of younger prepare for the post of Circle-Based Officer. Every employee wants all these perks apart from his salary in hand. Below we brought the table for you in which you will find details of those lucrative perks.
|Medical Insurance facility||100% Covered for the SBI CBO. 75% for Family Members|
|Traveling Insurance||Reimbursement of Fair for Official Travels Only. varies according to the cadre of Employee|
|Petrol Allowances/Local Travel Allowances||Around INR 1,100/- – INR 1,250/-|
|Newspaper, Entertainment, Books Allowances, etc||Based on the Cadre of the Employee|
- How government calculates my salary in hand?
Ans. All the Deduction regarding your pension scheme GPF is deducted from your present basic salary. The government deducts a minimum of 6% of your Basic pay.
- What is the rate of interest in my GPF (General Provident Fund)?
Ans. The rate of interest is net 7.1% decided by the government for the financial year 2021-23.
- Can I change the percentage of the GPF Deduction?
Ans. Yes, you can increase your GPF deduction percentage at any time during your service. You don’t have the eligibility to decrease your deduction percentage.