SBI Circle Based Officer (CBO)

The candidates who will be applying for the SBI Circle Based Officers, will be placed in the Junior Management Grade Scale 1 or JMGS-I. The JMGS 1 term is generally used to refer to the officers who have just entered the Officer Cadre after promotion from the Clerical Cadre. The SBI CBO Pay Scale is Rs. 48480-2000/7-62480-2340/2- 67160-2680/7-85920. This means the CBO will get a basic pay of Rs 48,480/- with an increment of Rs 2000 for the next 7 years, followed by a basic of Rs 62480/- with an annual increment of Rs 2340/- for the next two years and so on. The maximum basic salary will be Rs 85920 which is a great package. After being appointed as an SBI Circle Based Officer, the candidates will receive the following allowances apart from the regular monthly salary: Allowance Dearness Allowance City Compensatory Allowance House Rent Allowance Medical Insurance Travelling Allowance Petrol Allowance Lease Rental Provident Fund Contributory Pension Fund i.e., NPS, LFC, Medical Facility etc. An SBI Circle Based Officer will also be entitled to the following perks as per rules in force from time to time: Contribution Pension Scheme/New Pension Scheme. Medical Aid for self (100%) and for family (75%). LTC. Home Travel Concession/ Leave Fare Concession. Concessional interest rates for Housing/Car/Personal Loans.

The State Bank of India (SBI) is the largest public sector bank in India with a network of over 22,000 branches and more than 58,000 ATMs across the country. It offers a wide range of banking and financial services to its customers.