IBPS SO Salary 2024: The IBPS SO Salary has been released in order to facilitate the recruitment of Specialist Officers by the IBPS in 11 Participating Banks around India. The IBPS SO Salary 2024 structure is Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 along with the various allowances. Prospective candidates can review the job description, benefits, and compensation of a Specialist Officer in the PSBs. This article explains the pay structure, the monthly compensation, and the reasons that the IBPS SO is a viable option for someone looking for a bank job.
The Specialist Officer salary is the same provided the participating nationalized banks in the Institute of Banking Personnel recruitment drive of 2024. The notification will be released to hire officers in various departments of banks in India. IBPS SO (Specialist Officer) salary structure: Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020. Every year a huge number of aspirants appear in IBPS SO recruitment drive with a dream to get Specialist Officer job in a nationalized bank.
IBPS SO Salary Package encourages government job aspirants to apply for jobs. In this section, we have tabulated complete information on salary structure of IBPS SO Exam 2024.
| IBPS SO Salary 2024 Overview | |
| Name of Organization | Institute of Banking Personnel Selection (IBPS) |
| Name of Exam | IBPS SO Exam |
| Post | Specialist Officer |
| Total Posts | To Be Notified Later |
| IBPS SO Salary | Officer Scale I: Rs. 36,400 Officer Scale II: Rs. 48,800 Officer Scale III: Rs. 64,600 |
| Salary Structure | Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 |
| Official Website | www.ibps.in |
The IBPS SO 2024 exam is conducted by the Institute of Banking Personnel Selection for I.T. Officer (Scale I), Agricultural Field Officer (Scale I), Rajbhasha Adhikari (Scale I), Law Officer (Scale I), HR/Personnel Officer (Scale I) and Marketing Officer (Scale I). For More details, candidates can check the table below.
| 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) |
The banks participating in Specialist Officers recruitment offers a good amount of salary to candidates joining banks. Therefore, the monthly salary of Officer Scale I is Rs. 36,400, Officer Scale II is Rs. 48,800, and Officer Scale III is Rs. 64,600. It is worth to know that salary of Specialist Officers may vary from bank to bank participating in recruitment drive conducting by IBPS every year. List of Perks & Benefits offered to qualified candidates joining on Specialist Officer post in bank.
The job profile of a Specialist Officer inspires to candidates to start banking career. Aspirants should have idea of roles of responsbility of Agriculture Field Officer, Rajbhasha Adhikari, IT Officer, Marketing Officer, Law Officer, and HR Officer.
| IBPS SO Roles & Responsibility | |
| Post Name | Roles & Responsibility |
| Agriculture Field Officer | Involve in Loan Inspection Coordinating & Managing Work with RRBs Focus on Lead Generation |
| Rajbhasha Adhikari | Responsible for translation and proofreading of important documents Conduct language workshops Manage training programs for employees |
| IT Officer | Developing bank software for customer convenience Ensure security of banking system |
| Marketing Officer | Manage marketing sector Conduct promotional activities |
| HR/Personnel Officer | Recruitment of suitable candidates Evaluation of employees performance Forming compensation schemes for employees |
| Law Officer | Managing law related work of banks Representing banks in law suits |
The Gross Salary of a Specialist Officer is Rs. 38000-Rs. 39000. Salary structure includes addition of perks and benefits with deduction of tax and PF contribution of employees working on SO posts in bank. We have summarized gross salary details in table.
| IBPS SO Gross Salary | |
| Pay Scale Structure | Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 |
| Gross Salary | Rs. 38000-Rs. 39000 |
| DA (Dearness Allowance) | 36% of Basic Pay |
| City Compensatory Allowance | 0%-4% (Depending on Tier I to Tier III city) |
| House Rent Allowance (HRA) | 7%-9%(Depends on the Location) |
| Special Allowance | It is about 7.75% of DA+Basic (Incentive or performance-based bonus) |
| PF Contribution | Between Rs. 3000 – Rs. 3500 |
All Qualified candidates upon joining banks on Specialized Officers posts get into training and workshops to know work profiles. The assessments are designed to improve the skills of candidates. Progress of a Specialist Officer within the bank based on a performance basis to elevate in the career. Candidates can check the promotion policy of banks participating in IBPS SO recruitment process.
In addition to the competitive pay package, an IBPS SO is eligible for additional benefits. It covers things like a leave policy, vacation homes, conveyance allowance, newspaper allowance, medical allowance, entertainment allowance, and allowances for a house and furniture, among other things. The IBPS SO Salary is between Rs. 7.55 lacs and Rs. 12.93 lacs. Depending on the posting location and other variables, it might change.
| Allowance | Value/ Remarks |
| Dearness Allowance | 36% Approx. Rs 8600/- |
| House Rent Allowance | As per the place of posting of the candidate, it is between 7% to 9%. |
| Conveyance Allowance | A fixed amount of fuel expense depending upon 2-wheeler or 4-wheeler |
| Special Allowance | It is the incentive or performance-based bonus given to each employee. It is about 7.75% of DA+Basic. |
| City Compensatory Allowance | As per the place of posting of the candidate, it is between 0% to 4% |
| Lease Allowance | In place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting. |
| PF Contribution | It varies between Rs 3000/ to Rs 3500/ |
| Our Related Article On IBPS SO 2024 | |
| IBPS SO Syllabus 2024 | IBPS SO Cut Off 2024 |
| IBPS SO Previous Year Question Paper | |
IBPS SO Salary for Scale I is Rs. 36,400, Scale II is Rs. 48,800, and Scale III is Rs. 64,600
The perks included in IBPS SO Salary are DA, medical, house allowance, and transport.
The basic salary of IBPS SO is Rs. 23,700.
The IBPS SO Law Officer salary 2024 kicks off with an initial pay of Rs. 60,000- Rs. 65,000 which includes basic pay of around Rs. 36,000 along with other perks and allowances.
Yes, IBPS SO Salary is enough for the fresher.
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