IBPS SO Salary: IBPS Specialist Officer Salary, Pay Scale & In-Hand Salary

IBPS SO salary is one of those important factors which attracts candidates most to opt for these posts. The basic pay of candidates after clearing IBPS SO exam is INR 23,700 for Scale I. Besides the basic pay, candidates are also entitled to other perks and allowances. IBPS SO exam is conducted every year by IBPS to recruit Specialist Officers in various participating banks. Candidates applying for the exam consider IBPS SO salary as one of the major components for choosing it as a career option.

Candidates often search for IBPS SO salary and related details such as allowances, perks, career growth, etc. before applying for the exam. Knowledge about salary for all the posts under IBPS SO helps candidates to understand the different prospect of the work. 

IBPS SO recruitment is conducted for the following posts.

IBPS SO salary varies according to the posts and grades. The salary break-up for various posts is given below.

Apart from the attractive IBPS SO salary, candidates are also entitled to perks and allowances too, such as leave policy, leave travel allowance, conveyance allowance, newspaper allowance, medical allowance, entertainment allowance, house and furniture allowance, etc. IBPS SO officers receive compensation of INR 7.55 lakh to INR 12.93 lakh. It may vary depending on the place of posting and other factors.

The successful candidates of IBPS SO exam will be recruited to the post of Junior Management Grade Scale I Cadre. The pay scale for all the posts is more or less similar. The basic pay is INR 23,700. The pay scale is INR 23,700-980 (7)-30,560-1145 (2)-32,850-1310 (7)-42,020. IBPS SO in-hand salary is calculated after deduction of multiple factors from gross salary. The gross salary of IBPS SO is around INR 38,000 to INR 39,000. After deductions, the employees get around INR 33,000 to Rs 35,000 as in-hand or take-home salary.

The post-wise job profile of IBPS SO is given below:

Agriculture Field Officer

• Promoting rural banking 
• Understand the core and financial needs of people in rural areas
• developing relations with RRBs, NABARD, and other organizations and taking important leads 
• looking after loan related issues 

IT Officer 

• Looking after technical issues of the banking system
• Taking care of the core banking system
• Maintaining the software used for various banking operations 
• Look after the security systems of websites to prevent cyber crimes

Rajbhasha Adhikari 

• Checking important documents in respective languages used in the banking system
• language-related workshops conduction 
• Promote and train employees in the local language

Law Officer 

• Taking care of legal affairs of the bank
• Represent the bank in court to deal with legal proceedings 
• Monitor errors and authenticity of documents as per banking regulation 

HR/Personnel Officer 

• Facilitate the joining and induction process of the employees 
• Maintenance of employee database
• Performance and evaluation of employees
• Designing welfare schemes, promotion, and compensation of all employees

Marketing Officer 

• Developing marketing and promotional activities for different zones 
• Business development strategy analysis  
• Promotion of the bank, increase customers and bring new business deals

Candidates who clear IBPS SO exam are selected for Scale-I and II posts. They are required to undergo training, workshops, assessments to improve their skills and become eligible for promotions. Based on the candidate's performance, they are promoted to the next level. Given below is the list of hierarchies that are followed in IBPS SO promotions.

• 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