The State Bank of India (SBI) Circle Based Officer (CBO) job is a popular choice in the banking sector because of its good salary, multiple allowances, and strong career growth opportunities. After the 12th Bipartite Settlement, which came into effect on November 1, 2022, the salary structure for bank employees, including SBI CBOs, has been significantly revised.
If you are preparing for SBI CBO Recruitment, this article will provide a detailed breakdown of the revised salary structure, in-hand salary, benefits, and career growth opportunities.
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What is an SBI CBO?
SBI CBOs are recruited as Junior Management Grade Scale-I (JMGS-I) officers, responsible for customer service, loan processing, branch operations, and business development.
For 2025, the starting basic pay of an SBI CBO is ₹48,480, plus two advance increments for candidates with two years or more experience in officer cadre at a Scheduled Commercial Bank or Regional Rural Bank. The total gross salary can go up to ₹94,581 per month, including allowances.
SBI CBO Salary Structure 2025
Under the 12th Bipartite Settlement, SBI CBOs are placed in Junior Management Grade Scale I (JMGS-I). The revised pay scale is as follows:
| Pay Scale | ₹48,480 – 2,000/7 – 62,480 – 2,340/2 – 67,160 – 2,680/7 – 85,920 |
| Starting Basic Pay | ₹48,480 |
| Gross Salary | ₹94,581 (Approx.) |
| Net In-Hand Salary | ₹84,964 (Approx.) |
The salary includes various allowances and benefits, making SBI CBO one of the best-paying officer-level jobs in the banking sector.
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SBI CBO Allowances and Perks
Along with the basic salary, SBI CBOs receive multiple allowances, which vary based on posting location and job responsibilities.
- Dearness Allowance (DA) – 19.83% of Basic Pay
- House Rent Allowance (HRA) – 7% to 9% of Basic Pay (Varies by location)
- City Compensatory Allowance (CCA) – 3% to 4% of Basic Pay (Varies by location)
- Medical Insurance – 100% covered for employees & 75% for dependents
- Travel Allowance – Reimbursement of AC 2-tier train fare for official travel
- Petrol Allowance – ₹1,100 to ₹1,250 per month
- Other Perks – Newspaper Allowance, Entertainment Allowance, Books Allowance, and Performance-Based Incentives
The total salary package is competitive, making SBI CBO a high-paying banking job with excellent benefits.
SBI CBO In-Hand Salary 2025
After deductions like PF, NPS, Income Tax, and Professional Tax, the final in-hand salary is given below.
| Salary Slip | |
|---|---|
| Particulars | Amount (₹) |
| Basic Pay | ₹48,480 |
| Dearness Allowance (DA) | ₹14,336 |
| House Rent Allowance (HRA) | ₹5,648 |
| City Compensatory Allowance (CCA) | ₹2,300 |
| Learning Allowance | ₹850 |
| Special Allowance | ₹14,967 |
| Gross Salary | ₹94,581 |
| Deductions (PF, Tax, Pension, etc.) | ₹9,617 |
| Net In-Hand Salary | ₹84,964 |
Note: The in-hand salary may vary based on location, tax slabs, and additional benefits.
SBI CBO Salary Slip 2025
The SBI CBO salary slip provides a detailed breakdown of the salary components, including basic pay, allowances, deductions, and net salary. Employees can access their salary slips through the official SBI portal.
SBI CBO Career Growth and Promotion
| Position | Promotion Path |
| Circle Based Officer (CBO) (JMGS-I) | Assistant Manager (MMGS-II) |
| Assistant Manager (MMGS-II) | Deputy Manager (MMGS-III) |
| Deputy Manager (MMGS-III) | Manager (SMGS-IV) |
| Manager (SMGS-IV) | Senior Manager (SMGS-V) |
| Senior Manager (SMGS-V) | Assistant General Manager (TEGS-VI) |
| Assistant General Manager (TEGS-VI) | Deputy General Manager (TEGS-VII) |
| Deputy General Manager (TEGS-VII) | General Manager (TEGS-VIII) |
SBI offers fast-track promotions for high-performing officers.
SBI CBO Job Profile and Responsibilities
The SBI CBO job role involves multiple responsibilities related to customer service, business development, and branch operations.
- Handling banking transactions, customer queries, and loan processing
- Supervising branch operations and staff management
- Building customer relationships and increasing branch revenue
- Ensuring compliance with banking regulations and policies
- Developing new business opportunities and managing financial risks
CBOs work in specific circles and are not transferred outside their allotted regions, ensuring stability and career growth.
Why Choose SBI CBO as a Career
Choosing SBI CBO as a career can bring a lot of stability and growth. You’ll enjoy a competitive salary and allowances, which makes sure your hard work is rewarded.
On top of that, the role offers job stability with fixed working hours, so you don’t have to worry about unpredictability. There’s also plenty of room for career growth and promotions, so you can keep moving up as you gain experience.
SBI CBO cares about your future too, offering great retirement benefits and pension plans. And let’s not forget, they really value work-life balance with structured leave policies that give you the time you need to relax and recharge.
FAQs
What is the starting salary of an SBI CBO in 2025?
The basic pay for SBI CBO is ₹48,480, with additional allowances.
What is the gross SBI CBO salary per month?
The gross salary is approximately ₹94,581 per month.
What is the SBI CBO in-hand salary after deductions?
After deductions like NPS and taxes, the in-hand salary is around ₹84,964 per month.
What are the allowances included in the SBI CBO salary?
The SBI CBO salary includes DA, HRA, CCA, Travel Allowance, Petrol Allowance, and Medical Benefits.
Can an SBI CBO be promoted to a higher rank?
Yes, SBI CBOs can get promoted to Assistant Manager, Deputy Manager, and higher positions, depending on performance and internal exams.
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