SBI CBO Salary: There is some good news for bank employees and also for aspirants who are preparing for jobs in government banks. The salary of bank employees has increased as per the new salary settlement (12th BPS) signed on 8th March 2024. In this article, we will have a look at the new salary slip of SBI CBO.
The new salary slip of SBI CBO is attached below. Basic Pay has increased to Rs.56480. Dearness Allowance is Rs.11372. Location Allowance is Rs.1200. Learning Allowance is Rs.850. Special Allowance is Rs.14967.20. So, the total gross salary becomes Rs.84,869.
Now, let’s have a look at the deductions. PF Contribution is Rs.5648. Professional Tax is Rs.212. Pension Fund Contribution is Rs.10534. So total deduction becomes Rs.16,394.
The net in hand salary of SBI CBO becomes Rs.68,475.
The above salary slip contain arrears also as per the 12th Bipartite settlement signed on 8th March 2024. For gross salary, please remove arrears from calculation.
SBI CBO is a new post recently introduced by SBI. This post is for candidates having at least 2 years work experience in other banks. SBI CBO is equivalent to SBI PO job – the only difference is work experience. SBI PO is for freshers and SBI CBO is for experienced candidates. SBI CBO gets all the job benefits similar to SBI PO.
SBI CBO Allowances
Apart from Salary, SBI CBO gets various allowances such as:
- Petrol
- Newspaper
- Cleansing
- Medical Aid
- Lease Accomodation Facility
SBI provides very good medical facility to its employees. Employees can also claim the medical bills for any chronic disease. SBI medical facility is the best among all the public sector banks.
Lease Accomodation Facility is provided to officers in Banks. Bank officers can rent any house nearby the branch and bank will pay the rent as per prescribed limit. Normally, the limit is Rs.9,000 for rural branch, Rs.18,000 for city branches and Rs.30,000 for metro branch.
Welcome to the privatization of Indian PSU, CBO states that this strong pitch for privatization will continue shortly.