IBPS SO 2023 Salary Structure
The Institute of Banking Personnel Selection (IBPS) has released the official notification for IBPS SO for the year 2023 for various Specialist Officer Scale I Posts – IT Officer, Agricultural Field Officer, Rajbhasha Adhikari, Law Officer, HR/Personnel Officer and Marketing Officer.
IBPS SO Salary
An IBPS Specialist Officer's (Scale I) salary includes a Basic pay of Rs. 23,700/- They have a pay scale in the range of 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. In addition to the basic pay, IBPS SO are eligible for some perks and allowances which are as follows:
- Dearness Allowance.
- House Rent Allowance.
- Transport Allowance.
- Newspaper reimbursement.
- Hospitalization reimbursement.
- Deputation Allowance.
- PF Allowance.
The allowances and benefits are presented in a tabular form as follows
|Dearness Allowance||36% Approx. Rs 8600/|
|House Rent Allowance||Between 7% to 9%. ( Varies based on posting location)|
|Conveyance Allowance||Fixed amount of fuel expense depending upon 2 wheeler or 4 wheeler|
|Special Allowance||7.75% of DA+Basic.|
|City Compensatory Allowance||As per the place of posting of the candidate, it is between 0% to 4%|
|Lease Allowance||In place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting.|
|PF Contribution||It varies between Rs. 3000/ - Rs. 3500/|
The IBPS Specialist Officer Salary details for various posts are given below:
|Officer Scale I|
Monthly salary– Rs. 36400/-
(Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020)
Monthly salary- Rs. 48800/-
(Pay Scale- Rs. 31705-1145/1-32850-1310/10-45950)
|Officer Scale III|
Monthly salary- Rs. 64600/-
(Pay Scale- Rs. 42020-1310/5-48570-1460/2-51490)
IBPS SO can expect a hike of around 40% in their basic pay once the 11th Bipartite agreement is fully implemented across the banking sector.