Exams
IBPS SO Salary 2023: Every year, the IBPS recruits candidates for various posts under the title of Specialist Officers. For 2023, 1402 vacancies have been released for IBPS SO. Candidates must be curious about the pay and job profile. This article will answer all your questions about IBPS SO as a job, the benefits and the salary.
The Institute of Banking Personnel Selection (IBPS) has released the official notification for IBPS SO for the year 2023 for various Specialist Officer Scale I Posts – IT Officer, Agricultural Field Officer, Rajbhasha Adhikari, Law Officer, HR/Personnel Officer and Marketing Officer. As you prepare for the exam, it is advisable to know about the IBPS SO Salary, job profile, career growth and responsibilities which you may need to fulfil if you get selected for the post.
An IBPS Specialist Officer's (Scale I) salary includes a Basic pay of Rs. 23,700/- They have a pay scale in the range of 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. In addition to the basic pay, IBPS SO are eligible for some perks and allowances which are as follows:
The allowances and benefits are presented in a tabular form as follows
Components | Value |
---|---|
Dearness Allowance | 36% Approx. Rs 8600/ |
House Rent Allowance | Between 7% to 9%. ( Varies based on posting location) |
Conveyance Allowance | Fixed amount of fuel expense depending upon 2 wheeler or 4 wheeler |
Special Allowance | 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/ - Rs. 3500/ |
The IBPS Specialist Officer Salary details for various posts are given below:
Grade | Salary |
---|---|
Officer Scale I | Monthly salary– Rs. 36400/-(Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020) |
Officer Scale-II | Monthly salary- Rs. 48800/-(Pay Scale- Rs. 31705-1145/1-32850-1310/10-45950) |
Officer Scale III | Monthly salary- Rs. 64600/-(Pay Scale- Rs. 42020-1310/5-48570-1460/2-51490) |
IBPS SO can expect a hike of around 40% in their basic pay once the 11th Bipartite agreement is fully implemented across the banking sector.
There are a number of posts that come under the title 'Specialist Officer'. These include include 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). Candidates can check the post-wise job profile for each of these positions.
You can find the job profile for IBPS SO IT Officer here:
The job profile for IBPS SO Agricultural Field Officer is as given below-
Candidates applying for IBPS SO Rajbhasha Adhikari can check the job profile below:
The IBPS SO Marketing Officer job profile is given below:
An IBPS SO Law Officer has the following duties:
The IBPS SO HR/Personnel Officer job profile is as follows
The above clarifies the roles and responsibilities of IBPS SO in different areas. By now, you might have a clear idea on the speciality area that is suitable for you and which specialist officer you should opt for. We are also providing details on the career growth of an IBPS SO.
Specialist Officers (SO) are given ample opportunities to get promoted to a higher level based upon their performances. Find below the hierarchy followed at the time of promotion:
Junior Management Grade Scale 1 – Officer/ Assistant Manager.
↓
Middle Management Grade Scale 2 – Manager.
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Middle Management Grade Scale 3 – Senior Manager.
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Senior Management Grade Scale 4 – Chief Manager.
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Senior Management Grade Scale 5 – Assistant General Manager.
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Top Management Grade Scale 6 – Deputy General Manager.
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Top Management Grade Scale 7 – General Manager.
The minimum age limit is 20 years and the maximum age limit is 30 years.
The minimum educational qualification is graduation for applying to IBPS SO.
The application fee is as follows:
Rs. 175/- (inclusive of GST) for SC/ST/PWBD candidates.
Rs. 850 /- (inclusive of GST) for all others.
The IBPS SO 2023 notification is out and the interested candidates can apply from 01.08.2023 to 21.08.2023
The IBPS SO exam will be held in December 2023.
The IBPS SO 2023 is 20 - 30 years
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