SBI CBO Job Profile, Career Growth, Probation & Responsibilities: The State Bank of India has released the notification for the recruitment of Circle Based Officer (CBO) posts on a regular basis. SBI CBO 2023 is a ray of hope in this time of crisis for the Banking aspirants. SBI released the full notification for the CBO on 21st October 2023. The number of vacancies to be filled this year through the CBO exam is 5280. So a huge number of banking experienced aspirants have applied and prepared for the upcoming examination. For the SBI CBO position, the candidates that are included in the board’s merit list will be chosen. Before that candidates are very eager to know the details of the SBI CBO Job Profile and its roles and responsibilities. The applicants will strive harder for the position if they are aware of the compensation package that will be offered to them. We have included comprehensive information on the SBI CBO Job Profile in the article below.
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Candidates can check the important dates regarding the SBI CBO Notification 2023 here. We have added the apply online start date, last date, prelims, and mains exam dates in the following table as per the SBI CBO Notification 2023 pdf. for the reference of the candidates.
SBI CBO Notification 2023 PDF – Events | Dates |
SBI CBO Notification 2023 pdf | 21st November 2023 |
SBI CBO Apply Online 2023 Start Date | 22.11.2023 |
SBI CBO Apply Online 2023 Last Date | 12.12.2023 |
Admit Card for Online Exam | January 2024 |
Online Exam | January 2024 |
Result of Online Exam | Will be updated |
Interview | Will be updated |
At this time many of you want to know about SBI CBO Job Profile, Salary, and Career Growth. For that, we post this. You can get detailed information about SBI CBO 2023 Salary, Job Profile, and Career Growth from here.
The SBI CBO can be regarded as a continuation of the SBI PO and both the profiles are similar in the nature of the work being done. The SBI CBO Roles and Responsibilities are as follows:
A candidate chosen as an SBI CBO will be primarily responsible for managing the core branch operations of the branch to which they are placed. These can include things like opening and canceling accounts, issuing chequebooks, etc.
The SBI CBO is also in charge of directing the banking activities in the branch once posting is completed. These can include monetary inflows and outflows, closing fixed deposits, investing in mutual funds, purchasing life insurance, issuing debit/credit cards, etc.
The approval of loans in a branch is one of the main duties and roles of an SBI CBO. These loans may be personal loans, gold loans, loans for consumer goods, company loans, and loans for cars or homes, among other forms.
SBI CBO places a high priority on establishing and maintaining customer relationships by responding to client inquiries and finding quick solutions. By keeping consumers, the branch will receive repeat business, increasing revenue.
The application of certain policies will occasionally be necessary for the bank to operate efficiently. The CBO is entrusted with the duty of carrying out banking regulations and guaranteeing the efficient operation of the bank.
The SBI CBO Pay Scale will be Rs.36000-1490/7-46430-1740/2- 49910-1990/7-63840. This means the CBO will get a basic pay of Rs 36,000/- with an increment of Rs 1490 for the next 7 years, followed by a basic of Rs 46430/- with an annual increment of Rs 1740/- for the next two years and so on. The maximum basic salary will be Rs 63,840.
After being selected as Circle Based Officers, the candidates will receive the following allowances apart from the SBI CBO salary 2023.
SBI CBO Allowances | |
Allowance | Amount |
Dearness Allowance | 46.9% 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 employee | 75% covered for dependent family |
Traveling Allowance | AC 2-tier fare is reimbursed to the an employee for official travels |
Petrol Allowance | INR 1,100 – 1,250 |
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. | Varies based on Cadre |
This SBI CBO Salary is completely the same as the IBPS SO Salary. So candidates can do their interviews wisely to get selected for the SBI CBO Vacancy.
The applicants will start out at Junior Management Grade Scale 1 as Circle Based Officers with the SBI. There are options and chances for candidates to get promoted to Senior Management Grade Scale 4 later on depending on the performance of the candidate and the bank’s rules. But bank representatives will keep a tight eye on the applicants.
A. The basic salary of SBI CBO is Rs. 36,000/-.
A. SBI CBO payscale is around Rs.36000-1490/7-46430-1740/2- 49910-1990/7-63840.
This post was last modified on November 22, 2023 3:23 pm