SBI SO Salary

All the candidates who are appearing or want to appear for SBI Bank SO Exam are curious to know “What is SBI SO 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 State Bank of India aka SBI 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 SBI Specialist Officer. SBI 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 SBI SO?

The SBI SO (Specialist Officer) Officer scale I monthly Salary is Rs 42020 as compared to Officer Scale II gets the salary of Rs 45950, the higher post Officer Scale III earns monthly salary of Rs. 51490 and officer at scale IV earns monthly income of 59170. The SBI SO Officer salaries ranges from RS. 36,000– RS. 65,000 and you can also compare it to the salary of IBPS SO. Apart from salary, there are several other income benefits also. In Banking Sector the Probationary Officer (PO) is a starting level post of an officer. Candidates who will qualify for this SBI 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 SBI SO is going to differ after recruiting in various SBI SO participating bank according to Bank policy. There are many candidates who are also preparing for SBI PO, as this SBI PO Salary is also attractive. Here we are only talking about general Salary Structure of SBI SO Officer. Below this you will get the information regarding Basic pay, Allowances etc given to the SBI SO.

Sr NoGradeScale of Pay
1.Junior Management Grade Scale I (JMGS I)23700-980/7-30560-1145/2-32850-1310/7-42020
2.Middle Management Grade Scale II (MMGS II)31705-1145/1-32850-1310/10-45950
3.Middle Management Grade Scale III (MMGS III)42020-1310/5-48570-1460/2-51490
4.Senior Management Grade Scale IV (SMGS-IV)50030-1460/4-55870-1650/2-59170

Salary structure for the various posts as per the SBI SO

Here we are going to tell you about the SBI SO Salary structure for the various posts as per the SBI SO Notification 2020:

PostPay Scale/ Salary
Credit Analysis MMGS-III42020-1310/5-48570-1460/2-51490
Product Manager42020-1310/5-48570-1460/2-51490
Data Analyst Manager42020-1310/5-48570-1460/2-51490
Digital Marketing Manager42020-1310/5-48570-1460/2-51490
Faculty, SBILRs. 25 lakh to Rs. 40 lakh per annum
Sr. Executive (Digital Relations, Analytics, Digita Marketing)Rs. 12 lakhs to Rs. 20 lakhs per annum
Executive (FI & MM)Rs. 6 lakhs per annum
Sr. Executive (Social Banking & CSR)Rs. 10 lakhs per annum
Deputy Manager (IS Audit)31705-1145/1-32850-1310/10-45950
Vice President (Stressed Assets Marketing)Rs. 40 lakhs to Rs. 43 lakhs per annum
Chief Manager (Special situation Team)50030-1460/4-55870-1650/2-59170
Deputy Manager (Stressed Assets Marketing) 31705-1145/1-32850-1310/10-45950
Head (Product, Investment & Research) Rs.80.00 lakhs to Rs.99.62 lakhs per annum
Central Research Team (Portfolio Analysis & Data Analytics)Rs.25.00 lakhs to Rs.50.00 lakhs per annum
Central Research Team (Support)Rs.7.00 lakhs to Rs.10.00 lakhs per annum
Investment OfficerRs.12.00 lakhs to Rs.18.00 lakhs per annum
Project Development Manager (Technology) Rs.12.00 lakhs to Rs.18.00 lakhs per annum
Relationship ManagerRs.6.00 lakhs to Rs.15.00 lakhs per annum
Relationship Manager (Team Lead)Rs.10.00 lakhs to Rs.28.00 lakhs per annum
Deputy Manager – Law31705-1145/1-32850-1310/10-45950

Allowances of SBI SO

Apart from the impressive salary of SBI SO, they are also entitle to get lots of additional allowances as well as benefits perks. Below we have mentioned the allowances and perks enjoyed by the SBI SO-

  1. Dearness Allowance
  2. House Rent Allowance
  3. City Compensatory Allowance
  4. Provident Fund
  5. Pension Fund
  6. Medical Reimbursement
  7. Furniture Allowance

SBI SO Responsibilities

The SBI SO responsibilities across various grades and profile are given below:

S.No Job Profile
1.Identify and evaluate different IT-related operations with respect to business requirements.
2.Establish efficient and purposeful communication with customers and business partners.
3.Supervise and handle System/server installation, configuration and monitoring.
4.Getting involved in Troubleshooting tasks.
5.Prepare status reports of assigned and accomplished task of respective departments.
Brief Description about SBI 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 SBI SO is one of that officer rank post. The SBI 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 SBI 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.

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