IBPS SO Salary:- Institute of Banking Personnel Selection will recruit applicants in various departments such as IT, Agriculture, Rajbhasha Adhikari, Law, HR/Personnel, and Marketing for the post of Specialist Officer. The IBPS SO Salary offers a profitable amount of salary to the specialist officers along with perks & allowances. Applicant should be aware of the work profile and they can increase their career through promotional paper at regular time intervals. Aspirants can check all the details related to IBPS SO Salary 2022 such as basic pay, allowances, and also the job profile as well as career growth. The IBPS SO Salary is one of the major reasons for students to get into the banking domain apart from security, lucrative perks & allowances.
IBPS SO position is a popular choice. The salary for IBPS SO varies depending on the level and location of the posting. In general, an IBPS SO can expect to earn a starting salary of around Rs. 23,700 per month, with opportunities for regular promotions and pay increases based on performance. In addition to the base salary, IBPS SOs are also entitled to various allowances and benefits such as medical insurance, travel allowance, and pension plans. It is worth noting that salaries for IBPS SO may vary between public and private sector banks as well as regional variations across India. It is always advisable to research specific banks and their compensation packages before applying.
IBPS SO Salary 2024
Institute of Banking Personnel Selection is an independent body that operates as a Personal Selection Body for Nationalized and Rural Banks. IBPS SO paper is conducted by IBPS every year to fill up the post as a Specialist Officer in the class mentioned in this article. The IBPS SO Salary received by an worker is very lucrative. The IBPS SO Salary is one of the major reasons for applicants to get into the banking domain apart from security, lucrative perks & allowances. IBPS SO Basic Pay is Rs 23,700/- and in-hand salary is Rs 38000/- to Rs 39000/-. Working as a Specialist Officer is a highly supposed job that demands special qualifications for all six different posts. Check all the particular about IBPS SO Salary, Job Profile, Career Growth & Promotion Policy of IBPS SO.
The IBPS SO Salary is around Rs. 23,700 per month, with additional benefits such as medical insurance, pension plans, and paid time off. As you gain more experience and move up the ranks, your salary will increase accordingly. In addition to the base salary, IBPS SO Salary are also eligible for bonuses and incentives based on their performance and achievements. It’s worth noting that salaries may vary depending on factors such as location, job level, and qualifications. Overall, a career as an IBPS SO Salary can be financially rewarding and provide opportunities for growth and advancement within the banking industry.
IBPS Salary 2024 Details
| Name of the Article | IBPS SO Salary 2024 |
| Category | Pay Slip |
| Year | 2024 |
| Official Website | www.ibps.in |
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About IBPS SO
Indian banks needed to expand their branch network across the country in order to be more accessible to their customers after they were nationalized in 1969. This required additional staff, but advertising and other methods of recruitment were ineffective. As a result, the banks contacted the National Institute of Bank Management (NIBM) to request the creation of a selection testing procedure for hiring competent candidates. What’s more, therefore, a little unit named Staff Determination Administrations (PSS) was laid out to deal with these sorts of undertakings. IBPS replaced PSS in 1984, a few years later.
Additionally, there are opportunities for growth and advancement within the organization, which can lead to higher salaries over time. It’s important to note that while salary is certainly an important consideration, there are many other factors to take into account when deciding whether a career as an IBPS SO is right for you. Be sure to research the job requirements, work environment, and long-term career prospects before making a decision.
IBPS Salary 2024
Post-Wise Salary, Salary in Hand After 7th Pay Commission, Job Profile, Growth Opportunities, Perks and Other Benefits are all discussed in this article. The six positions that have been selected for IBPS SO Recruitment 2024 are listed in the table that follows.
| 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) |
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IBPS Salary In Hand
The Junior Management Grade Scale I Cadre will be filled by the IBPS SO winners. The pay scale for each position is roughly comparable. You can get an idea of the IBPS SO 2024 In-Hand Salary after the 7th Pay Commission by reading the following. Rs 23,700 is the IBPS SO Basic Pay. 23700-980(7)-30560-1145(2)-32850-1310(7)-42020 is the IBPS SO pay scale. The gross salary for IBPS SO is Rs. 38000- 39000.
| 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 Salary – Job Profile
Each Specialist Officer performs a different type of work at each post. The kinds of projects that each of them has worked on are listed below.
| Post | Work Profile |
| Agriculture Field Officer |
|
| IT Officer |
|
| Rajbhasha Adhikari |
|
| Law Officer |
|
| HR/Personnel Officer |
|
| Marketing Officer |
|
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IBPS Perks & Benefits
An IBPS SO is eligible for additional benefits in addition to the attractive salary. It includes a leave policy, leave travel allowance, vacation homes, conveyance, newspaper, entertainment, medical, and house and furniture allowances, among other things. The IBPS SO officers are compensated in the amount of Rs. Rs. 7.55 million to 12.93 lacs. It may differ based on the posting location and other factors.
| 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/ |
IBPS SO Salary Promotion Policy
To improve their skills and be eligible for promotions, all successful candidates selected for Scale-I and Scale-II positions will undergo training, workshops, and assessments. In order to raise his standard of living, IBPS SO receives a career promotion based on his performance at work. The hierarchies that are followed in IBPS SO promotions are listed below.
- 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, Assistant General Manager
- Top Management- Scale 6, Deputy General Manager
- Top Management- Scale 7, General Manager
5 Reasons Why You Should Join IBPS SO
The following are some of the factors that encourage candidates to apply for IBPS SO positions.
- Great Pay Scale
- Fair Chances of Promotions
- Fewer Chances of Job Transfer
- Security and Flexibility of Job
- Amazing Incentives, Perks, and Other Allowances
FAQ About IBPS Salary 2024
What is the basic pay of IBPS SO 2024?
The basic pay of IBPS SO 2024 is Rs. 23,700/-
What is the in-hand salary of an IBPS SO Officer?
The employee gets Rs 33000/ to Rs 35000/ as in-hand salary for IBPS SO officer posts.
What other benefits does an IBPS SO Officer gets?
An IBPS SO gets Leave policy, Leave Travel Allowance, Holiday Homes, Conveyance allowance, Newspaper allowance, Medical allowance, Entertainment allowance, House and furniture allowance other than salary.
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