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

State Bank of India offers the Circle Based Officer post in the Junior Management Grade Scale-I. The SBI CBO Salary 2026 has a starting basic pay of ₹48,480 under the revised pay scale of ₹48,480-₹85,920. Candidates with the required two years of officer-level experience are also eligible for two advance increments.

Along with basic pay, you also receive Dearness Allowance, House Rent Allowance/lease rental, City Compensatory Allowance, NPS, medical facilities, Leave Fare Concession, PF and other applicable allowances and perks.

SBI CBO Salary 2026

The SBI Circle-Based Officer (CBO) is appointed in the Junior Management Grade Scale-I (JMGS-I), which is the entry-level officer cadre in the State Bank of India. The initial basic pay is Rs. 48,480, with an annual increment of Rs. 2,000 for the first seven years, followed by an increment of Rs. 2,340 for the next two years, and Rs. 2,680 for the subsequent seven years until the maximum basic pay of Rs. 85,920 is reached.

Candidates can now check the revised pay scale, in-hand salary, DA, HRA, CCA, perks, job profile, probation, promotion, transfer rules and career growth.

SBI CBO Salary: Quick Details

SBI CBO Revised Pay Scale 2026

The revised SBI CBO pay scale is:

₹48,480–2,000/7–₹62,480–2,340/2–₹67,160–2,680/7–₹85,920

SBI CBO In Hand Salary

Including allowances such as DA, HRA, and other admissible benefits, the approximate in-hand salary ranges between Rs. 70,000 and Rs. 72,000 per month, making it one of the most attractive officer-level banking jobs in India.

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.

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.

1. Contribution Pension Scheme/New Pension Scheme.
2. Medical Aid for self (100%) and for family (75%).
3. LTC.
4. Home Travel Concession/ Leave Fare Concession.
5. Concessional interest rates for Housing/Car/Personal Loans.

SBI CBO Probation Period

Candidates selected as Circle Based Officers in SBI have to go through a probation period of 6 months. During the probation period, their performance is continuously assessed. Candidates who meet the standards prescribed by SBI are then confirmed as Officers.

SBI CBO Promotion and Career Growth

1. On joining, the selected candidates will be designated as “Circle Based Officers” (CBOs) and will be on probation for a period of 6 months.
2. The CBOs will be subjected to continuous assessment during the probation period for judging their suitability for confirmation.
3. 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).
4. 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.
5. The selected officers will be in the general cadre and will be governed by the promotion policy applicable for Bank’s general cadre officers.
6. 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