Source: https://timesofindia.indiatimes.com/
Read this article to know all details about SBI SCO salary and other information. If you are preparing for competitive exams and are looking for expert guidance, you can check out our General Knowledge Free Ebook Download Now.SBI SCO Salary
Candidates who are recruited as SBI SCO will be placed under Assisiatnt Management Grade Scale 1. 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 2023 | |
| Allowance | Amount |
| Pay Scale | 36000-1490/7-46430-1740/2- 49910-1990/7-63840 |
| Basic Pay | Rs. 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 2023
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)
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 Syllabus | SBI PO Eligibility Criteria | SBI PO Exam |
