The State Bank of India (SBI) has announced the recruitment of 2964 CBO positions for 2025, offering candidates a solid career opportunity with a starting basic pay of Rs.48,480. This role not only ensures job stability but also includes additional allowances and benefits, making it an attractive option for aspirants across India. Before applying, candidates are encouraged to understand the complete salary structure, perks, and job responsibilities associated with the post. To assist with this, we've outlined key details regarding the SBI CBO salary, work profile, and probation terms in the sections below.
SBI Circle Based Officer (CBO) Salary Structure 2025
The initial basic pay for Junior Management Grade Scale-I is Rs48,480 in the pay scale of Rs48,480–2000/7–62,480–2340/2–67,160–2680/7–85,920, with two advance increments granted to candidates having two or more years of work experience in an officer cadre in any Scheduled Commercial Bank or Regional Rural Bank. In addition to the basic pay, the official is entitled to various allowances and benefits such as Dearness Allowance (DA), House Rent Allowance (HRA) or lease rental, City Compensatory Allowance (CCA), Provident Fund (PF), Contributory Pension Fund (NPS), Leave Fare Concession (LFC), medical facilities, and other perquisites as per the prevailing rules.
| Allowance | Amount |
|---|---|
| Pay Scale | Rs.36,000–1490/7–46,430–1740/2–49,910–1990/7–63,840 |
| Basic Pay | Rs.36,000 |
| Dearness Allowance (DA) | Rs.16,884 |
| House Rent Allowance (HRA) | Rs.2,520 |
| City Compensatory Allowance (CCA) | Rs.1,080 |
| Other Allowances | Rs.2,000 |
| Gross Salary | Rs. 58,484 |
| Deduction | Rs. 8,187.60 |
| Net Salary | Rs. 50,296.24 |
SBI Circle Based Officer (CBO) Job Role
As a Circle-Based Officer at SBI, the role involves a blend of administrative oversight, customer engagement, and policy implementation. The core duties include:
- Loan Approvals: Assess and sanction loan proposals in alignment with bank guidelines.
- Branch Operations Management: Supervise daily operations to ensure seamless functioning of the branch.
- Policy Execution: Ensure effective implementation of bank policies and compliance standards.
- Customer Relationship Management: Foster trust and maintain healthy relationships with clients to enhance customer satisfaction.
- Operational Oversight: Monitor various banking activities to maintain efficiency and service quality.
- Accounting Supervision: Verify that all financial records and accounting processes are accurate and up-to-date.
SBI Circle Based Officer (CBO) Salary Allowances
| Allowance | Amount |
|---|---|
| Dearness Allowance | 17.20% of the Basic Pay |
| City Compensatory Allowance | 3% - 4% depending on location |
| House Rent Allowance | 7% - 9% depending on the Place of Posting |
| Medical Insurance | 100% covered for employees | 75% covered for dependent family |
| Travelling Allowance | AC 2-tier fare is reimbursed to the employee for official travels |
| Petrol Allowance | INR 1,100 - 1,250 |
| Newspaper, Entertainment, and Books Allowance, etc. | Varies based on the post of Cadre |
SBI Circle Based Officer (CBO) Selection Procedure
The selection process comprises three stages: Online Test, Screening, and Interview. The Online Test consists of an Objective Test for 120 marks and a Descriptive Test for 50 marks. The Descriptive Test follows immediately after the Objective Test, and candidates are required to type their responses on a computer. The Objective Test is 2 hours long and includes four sections: English Language, Banking Knowledge, General Awareness/Economy, and Computer Aptitude, with separate time limits for each section. The Descriptive Test lasts 30 minutes and evaluates English writing skills through letter writing and essay tasks, carrying a total of 50 marks. There are no sectional qualifying marks, and selection is based on the aggregate minimum qualifying marks as determined by the Bank. Notably, there is no penalty for incorrect answers in the Objective Test, and sectional marks are not maintained.
| Component | Details |
|---|---|
| Total Marks | Objective: 120 marks Descriptive: 50 marks |
| Descriptive Test | 30 minutes; English Language (Letter Writing & Essay); 2 questions; 50 marks |
| Typing Requirement | Descriptive answers to be typed on the computer |
| Sectional Marks | No sectional qualifying marks; only overall minimum qualifying marks apply |
| Penalty for Wrong Answers | No penalty for incorrect answers |
| Sectional Scores | Not maintained |
Objective Test Structure
| Section | No. of Questions | Max Marks | Duration |
|---|---|---|---|
| I. English Language | 30 | 30 | 30 minutes |
| II. Banking Knowledge | 40 | 40 | 40 minutes |
| III. General Awareness/Economy | 30 | 30 | 30 minutes |
| IV. Computer Aptitude | 20 | 20 | 20 minutes |
| Total | 120 | 120 | 2 hours |
