IBPS SO Salary | Allowances | Job Profile | Promotions

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Company Details

 IBPS SO Salary 2020  – Aspirants who wants to join IBPS as SO have to go through a selection process. A candidate who clear all the levels of selection process will be eligible for the selection in IBPS as SO. In order to keep you aspirants motivated for IBPS SO examination, We are writing this article focusing on IBPS SO Salary, Allowances, Job Profile, Roles and Responsibilities, Pay Scale, Career Prospects, Growth, Opportunities and more.

Name of organization : Institute of Banking Personnel Selection (IBPS)

Type : Government of India

Website : http://www.ibps.in/

Salary Details

IBPS SO Salary in hand & Pay scale :

Name of Post : Specialist Officer (SO)

S. No. IBPS Specialist Officer Posts
1. I.T. Officer (Scale I)
2. Agricultural Field Officer (Scale I)
3. Rajbhasha Adhikari (Scale I)
4. Law Officer (Scale I)
5. HR/Personnel Officer (Scale I)
6. Marketing Officer (Scale I)

Salary : ₹ 33,000 – 35,000/- (approx)

CTC : ₹ 8.00 Lakhs (approx)

Institute of Banking Personnel Selection (IBPS) recruit SO with an entry basic pay of 23,700.

IBPS Specialist Officer (SO) Salary

Component Salary Structure (₹)
Post Level Scale I
Basic Pay 23,700
Pay Scale 23700-980(7)-30560-1145(2)-32850-1310(7)-42020
Dearness Allowances (DA) 36 % of Basic
House Rent Allowances (HRA) 7 / 8 / 9 % of Basic
Special Allowances 7.75 %  of Basic
City Compensatory Allowances (CCA) 0 / 3 / 4 %  of Basic
Total Pay  38,000 – 39,000/-
Provident Fund (PF) Contribution 3,000 – 3,500
Salary in Hand 33,000 – 35,000/-

Career Growth & Promotions

IBPS SO growth opportunities are decent and will be quite beneficial if your performance is consistent and you follow your responsibilities rigorously. The promotions in case of IBPS SO are as follows :

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.

Annual average salary of IBPS SO vary in between Rs. 7,00,000 – 8,00,000 /-. Here in the below table we are providing the career growth & promotions in IBPS bank. Promotion level for SO in IBPS can be calculated as shown below :

S. No. Level Name of Post
1. Junior Management – Scale 1 Officer / Assistant Manager
2. Junior Management – Scale 2 Manager
3. Middle Management – Scale 3 Senior Manager
4. Senior Management – Scale 4 Chief Manager
5. Senior Management – Scale 5 Assistant General Manager
6. Top Management – Scale 6 Deputy General Manager
7. Top Management – Scale 7 General Manager

Job / Work Profile

The roles and responsibilities of the different posts under IBPS Specialist Officer (SO) are as follows :

IBPS SO Posts Roles and Responsibilities
I.T. Officer (Scale I) 1. Provide data maintenance, security and support.
2. Maintenance of computer systems – software. Hardware, network security, etc.
3. Resolve queries related ATM, Kiosks, Internet and mobile banking.
4. Look after Security of Bank Network to avoid cybercrime.
Agricultural Field Officer (Scale I) 1. Understand the banking and financial needs of people.
2. Provide latest information about various government schemes and benefit plans.
3. Loan inspections and recovery in rural areas.
4. Coordinating with other RRBs, NABARD, and other organizations.
Rajbhasha Adhikari (Scale I) 1. Translate and proofread banking documents.
2. Train employees the local language.
3. Conduction of language-related workshops.
Law Officer (Scale I) 1. Provide legal assistance to the bank.
2. Prepare legal documents/ matters necessary for various banking processes.
3. Ensure compliance with RBI Norms.
4. Ensure that bank’s engagement in deals/ contracts is legal.
HR/Personnel Officer (Scale I) 1. Conduction of recruitment process.
2. Conduction of training for the employees.
3. Modify HR policies of the bank as needed.
4. Supervision of overall HR activities.
5. Designing welfare schemes for employees as well as compensation and promotion policies.
Marketing Officer (Scale I) 1. State or Region-wise marketing and promotional activities.
2. Responsible for Advertising and coordinating with the agencies for the same.
3. Come up with marketing strategies to scale up the sales/ profit.
4. Research for new products that would be viable growth options for the bank.

Facilities & Allowances Details

IBPS SO Facilities & Allowances :

IBPS SO will not only get handsome salary but also get good amount of facilities & allowances. Which will also provided to newly recruited Specialist Officer (SO) of the Bank as given below :

1. House & Furniture Allowance
2. Medical Allowance
3. Conveyance allowance
4. Newspaper allowance
5. Leave Travel Concession
6. Entertainment Allowance

IBPS SO Guide Books

IBPS SO Total Information & Guidance

1.IBPS SO 2020 Notification »
2.IBPS SO 2020 Application »
3.IBPS SO 2020 Paper Pattern »
4.IBPS SO 2020 Syllabus »
5.IBPS SO 2020 Books »
1.IBPS 2020 Books – SO (IT Officer) »
2.IBPS 2020 Books – SO (HR/Personnel Officer) »
3.IBPS 2020 Books – SO (Law Officer) »
4.IBPS 2020 Books – SO (Agriculture Field Officer) »
5.IBPS 2020 Books – SO (Marketing Officer) »
6.IBPS 2020 Books – SO (Rajbhasha Adhikari) »
6.IBPS SO Previous Years Papers »
7.IBPS SO Cut-off Marks »
8.IBPS SO 2020 Exam Centers / Cities List »
9.IBPS SO FAQs »

Click below given links to get further information.

IB ACIO Total InfoIBPS Clerk Total InfoBSNL JAO Total Info
OICL AO Total InfoUIIC Assistant Total InfoJAM Total Info
UGC NET Total InfoKVS Total InfoJAM 2019 Books
NIACL Assistant Total InfoCDS Total InfoNDA Total Info

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