SBI Circle Based Officer Salary 2022: Know Basic Pay, In- Hand Salary, Allowances

Understanding the salary structure can make eligible candidates more enthusiastic about a post. The State Bank of India has declared the notification for SBI Circle Based Officer, and the salary package set by them as the SBI CBO Salary 2022 is good enough for those deemed eligible for the post. There are a lot of factors that are taken into consideration before a candidate applies for a particular post. The pay scale of a job can play a vital role in the decision-making process and help candidates make a clear choice. The SBI Circle Based Officer Salary 2022, thus, can help applicants decide whether or not to apply for the post. It can thus help them prepare likewise.

This article has elaborated upon the pay scale of the SBI Circle Based Officer to help candidates understand the pay structure better and make their decision likewise.

SBI Circle Based Officer Salary: Overview of Details

Candidates need to have a clear understanding of every step and process to gain knowledge about the post and what it entails. Applicants can either download the official notification to read more about the post or can go through the article given here. All the required details have been given in the table below for candidates to acquaint themselves with the post better:

Recruiting Organization	State Bank of India
Name of Examination	State Bank of India Circle Based Officer
Number of Vacancies	1422 vacancies
Basic Pay	Rs. 36,000
Dearness Allowance (DA)	Rs. 16,884
House Rent Allowance (HRA)	Rs. 2520
City Compensatory Allowances (CCA	Rs. 1080
Other Allowances	Rs. 2000
Gross Salary	Rs. 58,484
Deduction	Rs. 8187.6
Net Salary	Rs. 50,296.24

Download SBI Circle Based Officer Notification 2022

SBI Circle Based Officer Salary 2022: Important Information

The SBI CBO Pay Scale basic is Rs 36000/-. However, that is not the original amount. The SBI Circle Based Officer Salary 2022 is much more than the basic pay structure. Every employee is also granted various allowances that increase the amount of pay. Therefore, after adding various allowances such as DA, HRA and CCA, the amount goes up significantly. Even after the deduction of an amount of 8187/-, the salary of the Circle Based Officer goes up to 50,296/-.This is the in-hand salary that does not include PF. 

SBI Circle Based Officer Salary: In-Hand Salary

The SBI Circle Based Officer Salary 2022, as mentioned above, has various factors that together make up the whole amount. The formula for calculating the in-hand salary is quite simple. By adding up the basic pay, DA, HRA and city compensation based on the cadre, the in-hand salary of an employee is decided. It generally ranges between 50,000- 52,000. However, the PF is not included in this. 

SBI Circle Based Officer Salary: Perks And Benefits

There are various perks, allowances and benefits with the SBI Circle Based Officer Salary 2022. Apart from the SBI CBO Basic Salary, the additional benefits that they enjoy are as follows:

• Reduction in the interest rates on loans taken for any purpose, such as for Housing/Personal loans/Car loans.
• They also get travel concessions as well as leave fare concessions.
• They can also enjoy the benefits of the Leave Travel Concession.
• They can enjoy the new Pension Scheme and all its benefits. 

SBI Circle Based Officer Salary Allowances

Apart from the various perks and benefits that accompany the SBI Circle Based Officer Salary 2022, there are various SBI CBO Allowances that add up to the salary. These allowances are granted for different purposes, and each purpose has been categorically mentioned in the table below: 

Dearness Allowance	46.9% of Basic Pay Granted
City Compensatory Allowance	3% – 4% relying upon location
House Rent Allowance	7% – 9% based on the Place of Posting
Medical Insurance	100% covered for employees | 75% covered for  family members
Travelling Allowance	AC 2-tier fare is reimbursed to the employee for work travel.
Petrol Allowance	INR 1,100 – 1,250
Newspaper Allowance, Entertainment Allowance, Books	Depends upon cadre

SBI Circle Based Officer Salary: FAQs