IBPS SO Salary 2024, IBPS SO Salary Structure, Job Profile, Allowances & Benefits

IBPS SO Salary: This post contains all the information applicants need to know about the IBPS SO Salary and the IBPS SO Salary Structure. The IBPS SO Salary Structure information are fully provided in this post. Applicants may go at this post to learn more about the IBPS SO Job Profile and Salary. Those who make the short list for the SO position may be searching for the IBPS SO Salary Schedule. In this post, we’ve covered every information about the pay scale, job description, allowances, and benefits.

IBPS SO Salary Schedule for 2024

Along with the job’s security and alluring benefits, the extremely desirable IBPS SO Salary serves as a strong incentive for people pursuing a career in banking. The base pay for a specialist officer is Rs. 23,700, and their in-hand income may be anywhere between Rs. 38,000 and Rs. 39,000. A Specialist Officer is a coveted position, and each of the six positions requires a set of credentials. By consulting the material in this post, prospective applicants may get thorough knowledge of the IBPS SO Salary, Job Profile, Career Growth, and Promotion Policy.

IBPS SO Salary

All the details you need to know about IBPS SO Post Wise Salary, Salary In Hand After 7th Pay Commission, Job Profile, Growth Opportunities, Perks, and Other Benefits are covered in detail in this post. The six positions for which IBPS SO Recruitment 2024 has been held are listed in the table below.

Post CodePost Name
01I.T. Officer (Scale I)
02Agricultural Field Officer (Scale I)
03Rajbhasha Adhikari (Scale I)
04Law Officer (Scale I)
05HR/Personnel Officer (Scale I)
06Marketing Officer (Scale I)

Salary of IBPS SO In Hand

Those who pass the IBPS SO test will be placed in the Junior Management Grade system I Cadre, which has a pay system that is mostly uniform for all positions. Take into consideration the following information to get a sense of the IBPS SO 2024 In-Hand Salary after the adoption of the 7th Pay Commission:

The pay scale for IBPS SO is 23700-980(7)-30560-1145(2)-32850-1310(7)-42020, with a basic salary of Rs. 23,700. Consequently, the range of the IBPS SO Gross Salary is between Rs. 38,000 and Rs. 39,000.

IBPS SO In Hand Salary
In-Hand SalaryThe gross salary of IBPS SO is Rs 38000/ to Rs 39000. After all the deductions, the employee gets Rs 33000/ to Rs 35000/ as an IBPS SO.

Salary Structure of IBPS SO

The table below provides a detailed explanation of the Institute of Banking Personnel Selection’s (IBPS) wage structure.

Gross SalaryRs.38000-Rs.39000
IBPS SO Pay Scales23, 700 – 980/ 7 – 30,560 – 1,145/ 2 – 32,850 – 1,310/ 7 – 42,020
Dearness Allowance associated with IBPS SO Salary36% of Basic Pay
City Compensatory Allowance3%-4% depending on the place of posting
House Rent Allowance as per IBPS SO Salary7%-9% depends on the place posted

IBPS SO Career Advancement and Development

There is significant career advancement in the Institute of Banking Personnel Selection (IBPS). The stages an IBPS SO candidate takes to advance in their profession are listed as

  • Scale 1 – Officer / Assistant Manager
  • Scale 2 – Manager
  • Scale 3 – Senior Manager
  • Scale 4 – Chief Manager
  • Scale 5 – Asst. General Manager
  • Scale 6 – Deputy General Manager
  • Scale 7 – General Manager.

Job Profile for IBPS SO

Depending on the position they occupy, each Specialist Officer has different duties. A table that details the particular duties that each of them completed may be seen below. For more information, please see the IBPS SO Job Profile table.

Field Officer for Agriculture:

  • Create leads and make rural banking easier.
  • Recognise the basic and monetary demands of people living in rural regions.
  • Work along with NABARD, other RRBs, and other organisations.
  • In rural areas, oversee loan recovery and inspection.

Officer of IT:

  • In charge of the main financial system.
  • Address the financial system’s technological problems.
  • Create and alter software programmes.
  • To stop cybercrimes, make sure the bank’s systems are secure.

Rajbhasha Adhikari:

  • Examine and interpret important papers that are used by the financial sector.
  • Organise seminars pertaining to language.
  • Employees should be trained and promoted in the native tongue.

Officer of the Law:

  • Handle the bank’s whole legal situation.
  • Act as the bank’s legal representative.
  • Keep an eye out for mistakes and confirm that the financial system is real.

Personnel Officer/HR:

  • Keep your personnel database up to date.
  • Manage the hiring procedure.
  • Assess the performance of the staff.
  • Create pay plans, advancement opportunities, and welfare programmes for every employee.

Officer of Marketing:

  • Organise marketing and advertising campaigns according to the states or regions.
  • Increase revenue via economical tactics.
  • Increase the bank’s visibility, grow its clientele, and create new business prospects.

IBPS Specialised Officer Pay and Benefits

The selected applicants are eligible for several perks and incentives in addition to the IBPS SO Salary. The following table lists all of the allowances.

IBPS Specialist Officer Salary- Allowances
House Rent Allowance7%-9% (Location dependent)
Dearness AllowanceRs 8605.88
Special Allowance7.75% (Scale I)
City Compensatory Allowance0-4% (depends on location)
MiscellaneousRs. 4100

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