Shashank Ranguwar | Updated: Oct 18, 2022 17:35 IST
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.
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 |
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.
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.
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:
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 |
The official website to apply for the post is https://bank.sbi/careers.
The application process for the SBI Circle Based Officer Post has already begun from 18th October 2022.
The basic pay scale for the SBI Circle Based Officer is Rs. 36000/-.
After adding allowances the pay scale of the SBI Circle Based Officer Post is 50,000-52,000.
A total of 1422 vacancies have been declared for the post of SBI Circle Based Officer.