SBI CBO Salary 2026: In-Hand Pay, Salary Structure, Allowances & Perks
SBI CBO Salary 2026 offers an attractive in-hand pay of ₹70,000–72,000 per month under JMGS-I. The package includes basic pay, DA, HRA, medical benefits, allowances, and career growth opportunities, making it a lucrative banking job.
Lata Negi2 Feb, 2026
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SBI CBO Salary 2026: The State Bank of India (SBI) has officially released the SBI CBO Recruitment 2026 notification to fill 2,050 Circle-Based Officer (CBO) posts across various circles in India. Selected candidates will receive an attractive salary package as per SBI pay scales, along with allowances such as DA, HRA/Lease Rental, medical benefits, and other perks applicable to officers.
Eligible Indian citizens can apply online from 29 January to 18 February 2026, and the online examination is tentatively scheduled for March 2026, making this recruitment a promising opportunity for candidates seeking stable career growth and competitive remuneration in the banking sector.
SBI CBO Salary 2026
State Bank of India provides a handsome salary package for the candidates employed for the position of Circle-Based Officer. The revised In Hand SBI CBO is Rs. 70000-72000; earlier it was Rs. 50000 and 52000. The new SBI CBO Salary follows the Junior Management Grade Scale-I plus an additional increment for every completed year of service in the officer cadre in a Scheduled Commercial Bank/ Regional Rural Bank. For a detailed breakdown of SBI Circle-Based Officer Salary Structure, refer to the information outlined below.SBI CBO Revised Salary Structure 2026
SBI has announced a total of 2694 vacancies for this Circle Based Officer under the payscale Junior Management Grade Scale 1 or JMGS-I 48480-2000/7-62480-2340/2- 67160-2680/7-85920. What makes this opportunity even more exciting is the appealing salary package offered by the organisation. The candidates selected for the Circle Based Officer (CBO) post will earn a decent SBI CBO Salary Structure 2026. Check the key highlights of SBI Circle Based Officer Salary 2026 from the table:
| SBI CBO Salary Structure 2026 | |
| Allowance | Amount |
| Pay Scale | 48480-2000/7-62480-2340/2- 67160-2680/7-85920 |
| Basic Pay | Rs. 48480 |
| Net Salary | Rs. 70000- 72000 |
SBI CBO In Hand Salary 2026
The SBI CBO in-hand salary includes basic pay, allowances, and benefits. The revised starting basic pay of a Circle Based Officer in SBI is Rs. 48,480. In addition, a newly joined SBI CBO candidate who has work experience of two years or more in the officer cadre in any Scheduled Commercial Bank or Regional Rural Bank gets two advance increments. After including the basic pay, allowances, benefits, and increments, the total in-hand salary for a based officer post is around Rs.70,000 to 72,000.SBI CBO Syllabus 2026- Click to Check
SBI Circle Based Officer Benefits & Perks
Besides the Basic Pay and Allowances, officers will also be eligible for several perks and benefits. Check the details below:- Pension Scheme/New Pension Scheme.
- Home Travel Concession/ Leave Fare Concession.
- Concessional Interest Rates for Housing/Car/Personal Loans.
- LTC (Leave Travel Concession)
| SBI Circle-Based Officer Benefits and Perks | |
| Allowance | Amount |
| Dearness Allowance | 46.9% of the Basic Pay |
| Traveling Allowance | AC 2-tier fare is reimbursed to the employee for official travels |
| City Compensatory Allowance | 3% – 4% depending on location |
| Medical Insurance | 100% covered for employees | 75% covered for dependent family |
| House Rent Allowance | 7% – 9% depending on the Place of Posting |
| Petrol Allowance | INR 1,100 – 1,250 |
| Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. | Varies based on Cadre |
SBI CBO Probation Period
The selected candidates as SBI CBO in respective circles will undergo a probationary period of 6 months, which will be under continuous assessment until the time of confirmation. If a candidate fails to qualify during the probationary period, they will be terminated from the service.SBI CBO Job Profile
Candidates appearing for the SBI CBO Exam 2026 must have an idea about the post they are preparing for details like SBI CBO Job Profile. It is essential to know about the roles and responsibilities of the SBI Circle-Based Officer. Here is the job profile for the candidates to check out:- Branch Operations Management: Oversee daily banking activities and staff management
- Loan Authorisation: Evaluate and approve various loan applications
- Policy Implementation: Ensure compliance with banking policies and regulations
- Accounting Supervision: Maintain accurate financial records and resolve discrepancies
- Customer Relationship: Address customer queries and enhance satisfaction
- Career Grade: Junior Management Grade Scale I at entry, with promotion opportunities
| Other Links Related to SBI CBO 2026 | |
| SBI CBO Eligibility Criteria | SBI CBO Salary |
| SBI CBO Selection Process | SBI CBO Syllabus |
SBI CBO Salary 2026 FAQs
Q1. How much is the salary of SBI CBO 2026?
Ans. The officials have revised the SBI CBO Salary 2026 as per the new pay scale the basic salary is Rs. 48,480/-.
Q2. How much is the pay scale of SBI CBO Salary 2026?
Ans. The SBI CBO pay scale is 48480-2000/7-62480-2340/2- 67160-2680/7-85920
Q3. Does the SBI CBO salary increase with time?
Ans. Yes, The salary increases periodically. Moreover, the salary is also revised periodically. The details are given in this article.
Q4. What is the SBI CBO In Hand Salary 2026?
Ans. The revised In Hand SBI CBO is Rs. 70000-72000, earlier it was Rs. 50000 and 52000.
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