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IBPS SO Salary: All the aspirants who are on the hunt to get an idea about the IBPS SO Salary and the IBPS SO Salary Structure can get an answer in this article. This is the article that has given all the details about the IBPS SO Salary Structure. Candidates who are waiting to know about the IBPS SO Salary & Job Profile can have a look at this article. Those candidates who are shortlisted for the post of SO might be looking for the IBPS SO Salary structure. We have given all the details about the Salary Structure, Job Profile, Allowances & Benefits in this article.
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IBPS SO Salary 2023
The IBPS SO Salary is highly attractive, making it a significant incentive for candidates seeking a career in the banking sector, in addition to the job’s stability and appealing perks and allowances. For a Specialist Officer, the Basic Pay is Rs. 23,700/-, with an In-hand salary ranging from Rs. 38,000/- to Rs. 39,000/-. Becoming a Specialist Officer is a prestigious role that demands specific qualifications for all six distinct posts. Aspiring candidates can find comprehensive information on the IBPS SO Salary, Job Profile, Career Growth, and Promotion Policy by referring to the details provided in this article.
IBPS SO Salary
In this article, you will find comprehensive information about IBPS SO Post Wise Salary, Salary In Hand After 7th Pay Commission, Job Profile, Growth Opportunities, Perks, and Other Benefits. The table below displays the six posts for which IBPS SO Recruitment 2023 has been conducted.
| Post Code | Post Name |
| 01 | I.T. Officer (Scale I) |
| 02 | Agricultural Field Officer (Scale I) |
| 03 | Rajbhasha Adhikari (Scale I) |
| 04 | Law Officer (Scale I) |
| 05 | HR/Personnel Officer (Scale I) |
| 06 | Marketing Officer (Scale I) |
IBPS SO In Hand Salary
Candidates who clear the IBPS SO examination will be appointed to the Junior Management Grade Scale I Cadre, where the pay scale is relatively consistent across all the posts. To provide an insight into the IBPS SO 2023 In-Hand Salary after the implementation of the 7th Pay Commission, consider the following details:
The IBPS SO Basic Pay stands at Rs. 23,700, and the pay scale for IBPS SO is 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. As a result, the IBPS SO Gross Salary ranges from Rs. 38,000 to Rs. 39,000.
| IBPS SO In Hand Salary | |
| In-Hand Salary | The 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. |
IBPS SO Salary Structure
The salary structure of an Institute of Banking Personnel Selection (IBPS) is clearly given in the below-given table.
| Particulars | Details |
|---|---|
| Gross Salary | Rs.38000-Rs.39000 |
| IBPS SO Pay Scales | 23, 700 – 980/ 7 – 30,560 – 1,145/ 2 – 32,850 – 1,310/ 7 – 42,020 |
| Dearness Allowance associated with IBPS SO Salary | 36% of Basic Pay |
| City Compensatory Allowance | 3%-4% depending on the place of posting |
| House Rent Allowance as per IBPS SO Salary | 7%-9% depends on the place posted |
IBPS SO Promotion And Career growth
For the Institute of Banking Personnel Selection (IBPS) there is huge career growth. The steps of the career growth of IBPS SO candidate are given 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.
IBPS SO Job Profile
The job responsibilities of each Specialist Officer vary depending on the post they hold. Below is a table illustrating the specific tasks performed by each of them. Please refer to the IBPS SO Job Profile table for more details.
Agriculture Field Officer:
- Facilitate rural banking and generate leads.
- Comprehend the fundamental and financial needs of individuals in rural areas.
- Collaborate with other RRBs, NABARD, and various organizations.
- Oversee loan inspection and recovery in rural regions.
IT Officer:
- Supervise the core banking system.
- Handle technical issues of the banking system.
- Develop and modify software solutions.
- Ensure the security of the bank’s systems to prevent cybercrimes.
Rajbhasha Adhikari:
- Review and translate crucial documents used in the banking system.
- Conduct language-related workshops.
- Promote and train employees in the local language.
Law Officer:
- Manage all legal affairs of the bank.
- Represent the bank in case of lawsuits.
- Monitor errors and verify the authenticity of the banking system.
HR/ Personnel Officer:
- Maintain an updated employee database.
- Conduct the recruitment process.
- Evaluate employee performance.
- Design welfare schemes, promotions, and compensation for all employees.
Marketing Officer:
- Implement marketing and promotional activities on a state or region-wise basis.
- Enhance profits through cost-effective strategies.
- Promote the bank, expand the customer base, and foster new business opportunities.
IBPS Specialist Officer Salary – Allowances
Apart from the IBPS SO Salary, there are several other allowances and benefits for the shortlisted candidates. All the allowances are given in the following table
| IBPS Specialist Officer Salary- Allowances | |
| House Rent Allowance | 7%-9% (Location dependent) |
| Dearness Allowance | Rs 8605.88 |
| Special Allowance | 7.75% (Scale I) |
| City Compensatory Allowance | 0-4% (depends on location) |
| Miscellaneous | Rs. 4100 |
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