SBI CBO Salary 2026 Revised, In-Hand Pay, Allowance, Job Profile, Promotion

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The State Bank of India offers an attractive and competitive salary package to its Circle-Based Officers (CBOs). Due to the rewarding pay structure and benefits, the SBI CBO post receives a large number of applications every year. In this section, we discuss the SBI Circle-Based Officer Salary 2026, including the in-hand salary, perks, allowances, and career growth opportunities in detail.

SBI CBO Salary 2026

The SBI Circle Based Officers is 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 salary payable is from Rs. 70,000- 72,000 per month which is a great package.

SBI CBO Salary Structure 2026
Allowance	Amount
Pay Scale	Rs. 48480-2000/7-62480-2340/2- 67160-2680/7-85920
Basic Pay	Rs. 48480 Plus 2 advance increments
Annual Increment for 7 Years	Rs. 2000
Annual Increment for Next 2 years	Rs. 2340
Annual Increment for Next 7 years	Rs. 2680

SBI CBO Notification 2026 Out for 2273 Vacancies

SBI CBO Perks and Allowances

The benefits and compensation that an SBI Circle-Based Officer (CBO) is eligible for are described here.

SBI CBO Allowances

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.

SBI CBO Salary Perks

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.

SBI CBO Apply Online 2026- Click to Check

SBI CBO Promotion and Career Growth

On joining, the selected candidates will be designated as “Circle Based Officers” (CBOs) and will be on probation for a period of 6 months.
The CBOs will be subjected to continuous assessment during the probation period for judging their suitability for confirmation.
The candidates who qualify in their assessment as per standards determined by the Bank from time to time will be confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
If any candidate fails to achieve the minimum standards stipulated, his/ her services may be terminated as per the policy of the Bank in force at the material time.
The selected officers will be in the general cadre and will be governed by the promotion policy applicable for Bank’s general cadre officers.
The selected candidates will not be entitled to inner-circle transfer up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is later.

Check: How to Become a SBI CBO Officer