IBPS SO Salary
IBPS SO Salary 2024: The IBPS exams are conducted to recruit qualified candidates on Specialist Officers post in renowned banks in India. Salary is an essential factor motivating candidates to apply for IBPS SO posts. Participating banks in IBPS recruitment drive for SO officers give lucractive salary package to candidates. Apart from salary, candidates get perks and benefits include house rent allowance, medical, transport allowance, city compensatory allowance, dearness allowance, and education allowance. Bookmark this article to know complete information on IBPS SO Salary 2024.
IBPS SO Salary 2024
The Specialist Officer salary is the same provided the participating nationalized banks in Institute of Banking Personnel recruitment drive of 2024. The notification will be released to hire officers in various departments of banks in India. IBPS SO (Specialist Officer) salary structure: Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020. Every year a huge number of aspirants appear in IBPS SO recruitment drive with a dream to get Specialist Officer job in nationalized bank.
IBPS SO Salary 2024 Overview
IBPS SO Salary Package encouarges government job aspirants to apply for job. In this section, we have tabulated a complete information on salary structure of IBPS SO Exam 2024.
IBPS SO Salary 2024 Overview | |
Name of Organization | Institute of Banking Personnel Selection (IBPS) |
Name of Exam | IBPS SO Exam |
Post | Specialist Officer |
Total Posts | To Be Notified Later |
IBPS SO Salary | Officer Scale I: Rs. 36,400 Officer Scale II: Rs. 48,800 Officer Scale III: Rs. 64,600 |
Salary Structure | Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 |
Official Website | www.ibps.in |
IBPS SO In-Hand Salary
The banks participating in Specialist Officers recruitment offers a good amount of salary to candidates joining banks. Therefore, the monthly salary of Officer Scale I is Rs. 36,400, Officer Scalle II is Rs. 48,800, and Officer Scale III is Rs. 64,600. It is worth to know that salary of Specialist Officers may vary from bank to bank participating in recruitment drive conducting by IBPS every year. List of Perks & Benefits offered to qualifed candidates joining on Specialist Officer post in bank.
- House Rent Allowance
- City Compensatory Allowance
- Special Allowance
- Conveyance Allowance
- Medical Allowance
- Entertainment Allowance
- Newspaper Allowance
- Lease Allowance
- Dearness Allowance
- Leave Travel Allowance
IBPS SO Roles and Responsibility 2024
The job profile of a Specialist Officer inspires to candidates to start banking career. Aspirants should have idea of roles of responsbility of Agriculture Field Officer, Rajbhasha Adhikari, IT Officer, Marketing Officer, Law Officer, and HR Officer.
IBPS SO Roles & Responsibility | |
Post Name | Roles & Responsibility |
Agriculture Field Officer | Involve in Loan Inspection Coordinating & Managing Work with RRBs Focus on Lead Generation |
Rajbhasha Adhikari | Responsible for translation and proofreading of important documents Conduct language workshops Manage training programs for employees |
IT Officer | Developing bank software for customer convenience Ensure security of banking system |
Marketing Officer | Manage marketing sector Conduct promotional activities |
HR/Personnel Officer | Recruitment of suitable candidates Evaluation of employees performance Forming compensation schemes for employees |
Law Officer | Managing law related work of banks Representing banks in law suits |
IBPS SO Gross Salary
The Gross Salary of a Specialist Officer is Rs. 38000-Rs. 39000. Salary structure includes addition of perks and benefits with deduction of tax and PF contribution of employees working on SO posts in bank. We have summarized gross salary details in table.
IBPS SO Gross Salary | |
Pay Scale Structure | Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 |
Gross Salary | Rs. 38000-Rs. 39000 |
DA (Dearness Allowance) | 36% of Basic Pay |
City Compensatory Allowance | 0%-4% (Depending on Tier I to Tier III city) |
House Rent Allowance (HRA) | 7%-9%(Depends on the Location) |
Special Allowance | It is about 7.75% of DA+Basic (Incentive or performance-based bonus) |
PF Contribution | Between Rs. 3000 – Rs. 3500 |
IBPS SO Benefits & Promotions
All Qualified candidates upon joining banks on Specialized Officers post get into training and workshops to know work profiles. The assessments designed to improve skills of candidates. Progress of a Specialist Officer withint the bank based on performance basis to elevate in the career. Candidates can check the promotion policy of banks participating in IBPS SO recruitment process.
- Scale 1 Officer/ Assistant Manager
- Scale 2 Manager
- Scale 3 Senior Manager
- Scale 4 Chief Manager
- Scale 5 Assistant General Manager
- Scale 6 Deputy General Manager
- Scale 7 General Manager
Our Related Articles on IBPS SO 2024
IBPS SO Syllabus 2024 | IBPS SO Cut Off 2024 |
IBPS SO Exam Pattern 2024 | IBPS SO Previous Year Question Paper |
IBPS SO Salary 2024 FAQs
IBPS SO Salary 2024 for Scale I is Rs. 36,400, Scalle II is Rs. 48,800, and Scale III is Rs. 64,600
The perks included in IBPS SO Salary 2024 are DA, medical, house allowance, and transport.
The basic salary of IBPS SO is Rs. 23,700.
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