IBPS SO Salary 2020 and Allowances, Promotion + Career Complete Guide
Dear Aspirants in today’s competitive world specialist officer plays a crucial role ensures that a bank works at an optimum level of efficiency
You must be well acquainted with the role of a specialist officer but, many of you would be keen on the role of a specialist officer.
The post of specialist officer in a bank is considered highly prestigious. Such a professional is entitled to receive handsome salary packages.
Specialist Officers in a bank are
appointed for specialized roles in various departments, according to their
expertise and educational background.
Some of the Specialist Officer positions
in Banks are:
- – Information Technology Officer
- – Agricultural Field Officer
- – Law Officer
- – HR/Personnel Officer
- – Marketing Officer
This year, there are 1590+ vacancies for various Specialist Officers posts in various public sector banks across the country
Yes, today our matter of contention would be What is the salary in hand for the IBPS specialist officer
We have received a lot of queries regarding the salary of IBPS SO? How much salary of IBPS specialist officer?
Through this post, we have made an attempt to answer the questions of bank aspirants who are all curious to learn about the salary after clearing IBPS SO exam.
This year, there are 1,599 vacancies for various Specialist Officers posts in various public sector banks across the country.
Evidently, every year lakh of candidates from different regions of the country contest for the post of the specialist officer.
The specialized officer in the banks is appointed for specialized roles as per their expertise and educational background.
Ibps has released the notification for the post regarding bank specialist officer
The ibps so examination is going to be held on 29th December and 30th December (prelims) and the main examination will be on 27th January 2019
Yes, a specialist officer is appointed for specialized roles.
Some of the Specialist Officer positions in Banks are:
- Information Technology Officer (IT Officer)
- Agricultural Field Officer
- Law Officer
- HR/Personnel Officer
- Marketing Officer
- IBPS SO Admit Card 2018
Ibps conducts the Specialist officer exam once in a year.
Are you inquisitive to know about IBPS specialist officer aren’t you. Through this post, I will draw light on IBPS SO salary 2018.
As we all know It is indeed of a kind job. The designation of a specialist officer considered very prestigious and reputed.
After successfully qualifying the ibps specialist examination you can achieve a fruitful career as a specialist officer. The specialist officer is entitled to handsome salary packages, various perks, and benefits.
Start your IBPS SO preparation right away and make your dream come true.
In this post, I have covered the following topics for the best of students’ reference that is planning their career as bank specialist officer.
Only a handful of vacancies are available for the post of specialist officer
Read all about the IBPS SO salary in hand 2020 through this post.
Read on to find out!
Have a look at the vacancies post-wise for a specialist officer for the year 2018-19.
| Name of Post | No. of Vacancies |
| Agriculture Officer (Scale-I) | 670 |
| Marketing Officer (Scale-I) | 310 |
| IT Officer (Scale-I) | 76 |
| Law Officer (Scale-I) | 60 |
| HR/Personnel Officer (Scale-I) | 20 |
| Rajbhasha Adhikari (Scale-I) | 69 |
The IBPS specialist officer recruitment process is going to be conducted to appoint Specialist Officer through IBPS SO 2018 is done in three stages;
- Online Preliminary Exam
- Online Mains Exam
- Interview Process
Candidates are required to qualify both preliminary exam and mains exam to proceed to the interview round. The candidates selected after the interview session will get the appointment letter.
Students who make it to the merit list will be offered the appointment letter by the Bank of Candidate’s choice.
Yes, with hard work and your 100% dedication you can surely achieve the post of a specialist officer.
IBPS SO Salary 2020 Basic Salary Structure
In this article, I will provide you with detailed information pertaining to IBPS salary
| Post | Basic Pay |
| Officer Scale I | 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. |
| Officer Scale II | 31705-1145(1)-32850-1310(10)-45950. |
| Officer Scale III | 42020-1310(5)-48570-1460(2)-51490. |
Following are the key topics in salary for IBPS SO
- Who is an IBPS Specialist Officer?
- IBPS SO Salary 2018 – Scale Level Of Posts
- IBPS SO Basic Salary 2018
- IBPS Specialist Officer Salary Allowances + Benefits
- IBPS Specialist Officer Revised Salary after 7th Pay Commission
- IBPS SO Salary after revision
- IBPS SO Salary Increment + Promotions and Career Growth
- Specialist Officer Salary in SBI
- IBPS SO Prelims Cutoff 2018
IBPS SO SALARY- SCALE LEVEL OF POST
Job aspirants there are certain grades of specialist officer
This means that officer scale-I is the junior post whereas officer scale-II is the senior post.
Check the given below table to know the post-scale wise
| S. No. | Name Of Posts | Scale Level |
| 1. | IT Officer | Scale I |
| 2. | Agriculture Field Officer | Scale I |
| 3. | Rajbhasha Adhikari | Scale I |
| 4. | Law Officer | Scale I |
| 5. | HR personnel | Scale I |
| 6. | Marketing Officer | Scale I |
| 7. | IT Officer | Scale II |
| 8. | Law Officer | Scale II |
| 9. | Chartered Accountant | Scale II |
There are 20 Public Sector Banks in India that are participating in IBPS SO exam 2019. These are listed below:
| Allahabad Bank | Andhra Bank |
| Bank of Baroda | Bank of India |
| Bank of Maharashtra | Central Bank of India |
| Canara Bank | Corporation Bank |
| Dena Bank | IDBI Bank |
| Indian Overseas Bank | Oriental Bank of Commerce |
| Punjab National Bank | Punjab & Sind Bank |
| Syndicate Bank | UCO Bank |
| Union Bank of India | United Bank of India |
| Vijaya Bank | Indian Bank |
What is the Salary of IBPS SO?
According to the latest revision of 10th Bipartite Settlement, in May 2015, the salary structure of the Specialist officer designation is settled as following
Have a look at the following
| Post | Basic Pay |
| Officer Scale I | 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. |
| Officer Scale II | 31705-1145(1)-32850-1310(10)-45950. |
| Officer Scale III | 42020-1310(5)-48570-1460(2)-51490. |
The maximum age limit to apply for the scale II is 35 years. Scale 2 officer requires minimum experience of two years.
The IBPS SO basic salary in-hand is 23700 and they are entitled to receive 33000-35000.
IBPS SO Gross salary is minimum 38000 to 39000
Check the information for further details
| IBPS Specialist Officer Salary | |
| Basic | Rs 23,700 |
| Pay Scale | 23700-980(7)-30560-1145(2)-32850-1310(7)-42020 |
IBPS SO salary basic and pay scale for the various post of IBPS SO scale-1 are same for all the post.
Let us now move forward to IBPS specialist officer perks and allowances/benefits
Specialist Officer Allowances and Benefits
Being appointed as a specialist officer in the bank you are entitled to various benefits and allowances.
- Dearness Allowances– the bank pays the cost of living to the specialist officer at its own expense.
The bank specialist officer receives an 8500 dearness allowance.
- Basic pay– Yes, it is the amount of salary given to the specialist officer
For bank SO (Specialist officer), it is INR 23700, with effect from June 01, 2015.
- HRA (House rent allowances) – the specialist officer employee will get accommodation expenses from the bank in which he is appointed.
HRA will be provided a basis in the city of residence. The bank allowed 9% HRA
- CCA – It is city compensatory allowance. CCA is given to an employee working in metropolitan to accommodate them living high standards. It is a fixed amount.
Special Allowances-
The only scale-I officer is entitled to receive a special allowance.
- Perquisites
It is the profit provided in addition to the salary.
It includes the following
- Laundry expense
- Conveyance allowance
- Furniture allowance
A total amount of 4130 is given to the scale-I officer.
- Lease Accommodation
Leased accommodation is the amount of rent treated as a perk.
An amount of Rs 29500 is provided to a specialist employee.
Let’s draw lights on other benefits received by a specialist officer!
- As compared to other officer specialist officers are entitled to few transfers.
- Job security is high for the specialist officer.
- Specialist officer enjoys the same benefits, perks enjoyed by general bankers.
- Working as a specialist officer will increase your expertise and knowledge.
For further details please check the details mentioned below
| IBPS Specialist Officer Salary: Allowances And Benefits | |
| Allowances | Values |
| Dearness Allowances (DA) | 36 percent of Basic (Rs 8605.88) |
| House Rent Allowances (HRA) | 7-9 percent of Basic |
| Special Allowances | 7.75 percent |
| City Compensatory Allowances (CCA) | 0, 3, or 4 percent |
| Provident Fund (PF) Contribution | Rs 3000-3500 |
| IBPS SO Apply Online 2019 | IBPS SO Syllabus 2019 |
| IBPS SO 2019 Admit Card | IBPS SO Preparation Tips 2019 |
| Expected IBPS SO Cutoff 2019 | IBPS SO 2019 Result |
IBPS Specialist Officer Revised Salary after 7th Pay Commission
Government Bank Employees are now entitled to receive a hike in Salary along with other benefits from 2018. Even as we all know that the Seventh Pay commission is fruitful to execute and implemented with that the difference between Govt representative compensation and financiers will be considerably more profound.
IBPS SO Salary after revision – Salary of Government workers has been enhanced up to 40% after the execution of 7th Pay Commission. You can check out the given table below to know the increase in Metro Cities, State Capital and District Level and Rural Areas.
Have a look at the following table
| Assets | Metro Cities | (State Capital etc.) | (District Level and Rural Areas) |
| Basic Pay | Rs. 14500/- | Rs. 14500/- | Rs. 14500/- |
| Dearness Allowance | Rs. 14485.5/- | Rs. 14485.5/- | Rs. 14485.5/- |
| CCA | Rs. 540/- | Rs. 375/- | – |
| Total Salary (Excluding HRA) | Rs. 29525.5/- | Rs. 29360.5/- | Rs. 28985.5/- |
| HRA | Rs. 1232.50/- | Rs. 1087.50/- | Rs. 942.50/- |
| Total Salary (including HRA | Rs. 30758/- | Rs. 30448/- | Rs. 29927.5/- |
The total IBPS Specialist Officer salary after revision comes around:
- 30758/- for Metro Cities
- 30448/- for State Capitals
- 29927.5/- for District Level and Rural Areas
IBPS SO Salary Increment and Career Growth
Yes if by God’s grace and through hard work you qualify the exam of specialist officer you will get a fruitful career as a specialist officer.
After selection, you will put in a training period that is of two years to get familiar with the work culture and gain the expert knowledge required to perform the job.
You will receive plenty of commendable opportunities in the career of a specialist officer to be promoted to a senior post.
As per your performance and experience, you will get a chance to promote to the higher level in the hierarchy in the bank.
In the following given below chart, I have mentioned the career promotion of specialist officer from scale-I to scale-7
- Junior Management – Scale 1 – Officer / Assistant Manager
- Junior Management – Scale 2 – Manager
- Middle Management – Scale 3 – Senior Manager
- Senior Management – Scale 4 – Chief Manager
- Senior Management – Scale 5 – Asst. General Manager
- Top Management – Scale 6 – Deputy General Manager
- Top Management – Scale 7 – General Manager.
If your performance record is great then within a span of 1 year you will get plenty of promotional opportunities to climb up the corporate ladder.
Let us move to the specialist officer salary in SBI
Specialist Officer Salary in SBI
Here, I am providing you a list of the specialist officer in state bank of India at different scales.
| SBI Specialist Officer Salary Table: Lowest and Highest Salaries for each Position per month | |
| Assistant Manager (S) | Rs.39426 – 92355 |
| Assistant General Manager (S) | Rs.103797 – 133593 |
| Chief Manager (S) | Rs.67542 – 305341 |
| Deputy Manager (S) | Rs.40932 – 160729 |
| Deputy General Manager (S) | Rs.118888 – 145833 |
| General Manager (S) | Rs.132037 – 141975 |
| Manager (S) | Rs.60754 – 209636 |
SBI SO Officer Perks & Lease House Facility
You will be happy to know that SBI offers usually the same perks facilities to SBI so, which is enjoyed by PO of the bank.
SBI provide Rs. 8 Lac annual CTC for entry level position which is considered to be the best in industry. The perks benefits in sbi bank include such as Dearness, Petrol, and News Paper and Furniture allowances. This is included of leased accommodation at Rs 20,000 per month in metros.
- Give Medical Aid for self (100%) and for the family (75%)
- Provides Home Travel Concession/Leave Fare Concession
- Allow Concession Interest Rates for Housing/Car/Personal Loans
- IBPS Specialist Officer Salary will differ from bank to bank.
Now, you have the detailed information regarding IBPS SO salary structure and allowances. What are you waiting for?’
From IBPS SO career growth perspective there is ample opportunity to showcase your potentials. The salary is paid on time and one can lead a comfortable life.
IBPS SO is going to be a golden opportunity for those bank aspirants who are seeking a dignified and well-paid career in the specific specialized area.
IBPS SO job is full of challenges yet rewarding when it comes to perks and allowances.
Remember always! The secret of your own success is being ready when your opportunity comes.
Start your IBPS SO preparation right away and make your dream come true.
Conclusion
Howdy Readers,
Aspirants who are wondering what might be the salary and job profile of the specialist officer their queries are now put to ease.
I hope the above-given information on “Bank SO salary details “is the best of your utility. If you like reading, do share it among your folks and fellow members.
If you have any queries regarding IBPS SO Salary 2019 feel free to reach us through the comment box given below.
It is truly stated that “At the end of the month, salary is the blessing in disguise.” – Parsuram Pothiraj
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All your views and suggestion are warmly welcome. Our panel will respond to your queries at the earliest.
Always remind that Nothing is expensive than a missed opportunity! Use the opportunity wisely and rock the exam of IBPS specialist officer.
All the best for a bright future! Good luck.