SBI SCO Salary 2022: In-hand salary, job description, allowances and other benefits!

Safalta Expert Published by: Deepesh Mehra Updated Wed, 09 Feb 2022 06:51 AM IST

Highlights

Check out SBI SCO Salary 2022 here with Safalta. Get to know In-hand salary, job description, allowances and other benefits!

Looking for authentic content on SBI SCO Salary? State Bank of India has released the revised SBI SCO Salary along with its official SBI SCO Notification 2022 issued for 48  Assistant Manager Posts . SBI SCO Salary is decided by the State Bank of India. Specialist Cadre Officers in SBI are paid a handsome amount of salary with the basic pay amounting to Rs.36,000 initially and is a good opportunity for candidates looking to learn and grow within SBI. Other than a good amount of salary, a CBO is also eligible to receive various allowances and benefits which make this post very lucrative. The latest updates related to SBI SCO Salary and SBI Exam are as follows:
  1. SBI (State Bank of India) has released the online application for Specialist Cadre Offciers.
  2. There are a total of  48 available for the SBI SCO.
  3. The application window is 5 th February to 25 th of February.
  4. The SBI SCO Salary is as per the 7 th CPC.
Candidates who are aspiring to appear for SBI SCO Exam should ensure that they know all the details regarding the exam such as eligibility criteria, exam pattern, syllabus and so on. Candidates should also know about salary and job profile to understand the nature of the profession better. Read this article to know all about SBI SCO salary and other details. If you are preparing for competitive exams and are looking for expert guidance, you can check out our General Knowledge Free Ebook Download Now.

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SBI SCO Salary 

Candidates who are recruited as SBI SCO will be placed under  Assisiatnt Management Grade Scale 1.

Source: https://timesofindia.indiatimes.com/

The initial basic pay of the SBI  Specialist Cadre Officer has been incremented to Rs. 36,000/- on the scale of 36000-1490/7-46430-1740/2- 49910-1990/7-63840 applicable to Assistant Management Grade Scale-I. SBI SCO Salary sees an increment of 1 grade for every one year of service.
 
SBI Specialist Cadre Officer Salary 2022
Allowance Amount
Pay Scale 36000-1490/7-46430-1740/2- 49910-1990/7-63840
Basic Pay Rs.

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36,000
Dearness Allowance (DA) Rs. 16,884
House Rent Allowance (HRA) Rs. 2520
City Compensatory Allowances (CCA) Rs. 1080
Gross Salary  Rs. 58,484
Deduction  Rs. 8187.6
Net Salary  Rs. 50,296.24

The net salary of SBI SCO  officers amounts to Rs 50,296.24.
Check out IBPS RRB PO Salary

SBI SCO In-hand Salary 2022

SBI SCO in-hand salary includes basic pay along with all the allowances. Candidates are also given an increment in each year of service. The starting basic pay is Rs. 36,000. The annual SBI SCO Salary lies within the range of Rs. 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum.

Do you know  What Is The In Hand Salary Of SBI PO?

SBI SCO  Salary: Allowances and Benefits

There are various allowances and benefits that SBI SCO enjoys along with a handsome amount of salary. The details of SBI SCO allowances are as follows:
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
Travelling Allowance AC 2-tier fare is reimbursed to the employee for official travels
Petrol Allowance INR 1,100 – 1,250
Newspaper Allowance,
Entertainment Allowance,
Books Allowance, etc.
Varies based on Cadre

Along with these allowances, there are various benefits such as :
  • Pension Scheme
  • Leave Fare Concession
  • Concessional Interest Rates for Housing/Car/Personal Loans
  • LTC (Leave Travel Concession)
  Get to know Bank Po Salary here with Safalta

SBI SCO Career Growth and Promotion

 This is a contractual post, which may get regularised or inducted into SBI after the expiry of the contractual period.

To know more read here.
 SBI 2021 CBO Recruitment   IBPS PO Syllabu  SBI PO Eligibility Criteria  SBI PO Exam 
 

SBI SCO Salary FAQs

Q. What is the initial basic pay of SBI SCO?

A. The initial basic pay of SBI SCO is Rs. 36,000.

Q. What is the maximum basic pay that SBI SCO can receive?

A. SBI SCO can receive a maximum basic pay of Rs. 63840.

Q. Is there any probation period for SBI SCO?

A. Yes there is a probation period for SBI SCO.

Q. Does SBI SCO salary vary as per the location?

A. Yes, SBI SCO salary varies as per the location because of differences in HRA.

Q. What is the total monthly salary of SBI SCO?

A. The total monthly salary of SBI SCO is approximately Rs. 50,296.24.

 

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