All the candidates who are appearing or want to appear for IBPS Bank SO Exam are curious to know “What is IBPS SO Salary Structure”? It is the most frequently asked question by candidates who are preparing for the examination to know what benefits they will have. The exam of SO is conducted by the Institute of Banking Personnel Selection aka IBPS for different post every year.
Do you know the full form of SO? It is Specialist Officer. Never the less, job in Banking sector is the most proudable and safest job a candidate can have. The Good news for all candidates is that after implementation of 7th pay commission there is enormous hike in Income of the IBPS Specialist Officer. IBPS SO is specialist Officer job post that is most famous among youth for attractive Income and career options that most of the candidates opt for it.
What is the salary of IBPS SO ?
The IBPS SO (Supretendent Officer) Officer scale I monthly Salary is Rs 36,500 as campared to Officer Scale II gets the salary of Rs 48,800 and the higher post Officer Scale III earns monthly salary of Rs. 64,600. The IBPS SO Officer salaries ranges from RS. 36,000– RS. 65,000. There are several other income benefits also apart from salary. In Banking Sector the Probationary Officer (PO) is a starting level post of an officer. Candidates who will qualify for this IBPS Bank SO will kept under 1 to 2 years approx in the probation period that is called a training period.
In this training period candidates learn basic and essential duties of a SO in the bank to perfrom his/her dutie in manner. Salary of IBPS SO is going to differ after recruiting in various IBPS SO participating bank according to Bank policy. There are many candidates who are also preparing for IBPS PO, as this IBPS PO salary is also attractive. Here we are only talking about general Salary Structure of IBPS SO Officer. Below this you will get the information regarding Basic pay, Allowances etc given to the IBPS SO.
|Grade||IBPS SO Salary|
|Officer Scale I||Monthly salary– Rs. 36400/-Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020|
|Officer Scale-II||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 Salary, Allowances and Benefits
|Particulars||IBPS SO Salary Components|
|Dearness Allowance||It is basically the cost of living. It is almost 36% of basic salary (approximately Rs.8605)|
|House Rent Allowance||HRA is paid for the accommodation expenses and varies as per the city of residence of the employee. As per the place of posting, 9% or 8% or 7% HRA is paid by the bank.|
|Special Allowance||It includes incentives or the performance-based bonus given to employees.|
|City Compensatory Allowance||CCA varies in the range of 4%, 3% or 0% depending upon the city of posting. CCA is given to compensate for the high cost of living for the employees living in metropolitan cities.|
|Lease Allowance||The lease accommodation option is available and can be availed up to Rs 29500 as per the posting location, in that case, employees will not be able to Naval HRA.|
Job Profile of IBPS SO
The IBPS SO is the most reputed job post that a candidate can be posted on and every year lakhs of candidates appears for the exam. The Salary of IBPS PO may vary according to post wise. Below table shows you the detailed job profile of IBPS PO according to there posting. Have a look –
|S.No||Post Offered||Job Profile|
|1||Agriculture Field Officer||1) The IBPS SO as agriculture Field Officers works for Promoting rural banking.|
2) Understand the core and financial needs of people in rural areas.
3) IBPS SO works for Developing relations with RRBs, NABARD, and other organizations and take important leads.
4) Looking after loan related issues.
|2||IT Officer||1) Looking after technical issues of the banking system.|
2) Taking care of the core banking system.
3) Maintaining the software used for various banking operations.
4) Look after the security systems of websites to prevent cyber crimes.
|3||Rajbhasha Adhikari||1) Checking important documents in respective languages used in the banking system|
2) language-related workshops conduction
3) Promote and train employees in the local language
|4||Law Officer||1) Taking care of legal affairs of the bank|
2) Represent the bank in court to deal with legal proceedings
3) Monitor errors and authenticity of documents as per banking regulation
|5||HR/Personnel Officer||1) Facilitate the joining ad induction process of the employees |
2) Maintenance of employee database
3) Performance and evaluation of employees
4) Designing welfare schemes, promotion, and compensation of all employees
|6||Marketing Officer||1) Developing marketing and promotional activities for different zones |
2) Business development strategy analysis
3) Promotion of the bank, increase customers and bring new business deals
Brief Description about IBPS SO
Any job in banking sector is seen as the most proudable and safest among candidates. Lakhs of candidates every year appear for Banking exams and IBPS SO is one of that officer rank post. The IBPS SO gets the attractive earning with lot of allowances and benefits that makes it perfect for anyone. Here in this post we have discuss the detailed information about IBPS Specialist Officer salary, job profile, allowances, benefits and perks. If there is any question coming in your mind you can ask in our comment section mentioned below. Stay tuned with us for more detailed Info.