IBPS SO Salary 2022 After 7th Pay Commission, Pay Scale, Job Profile, Allowance

IBPS SO Salary

The Institute of Banking Personnel Selection recruits Specialist Officers every year for various posts under different departments. Checkout updation in IBPS SO Salary 2022!!! After 7th Pay Commission, some changes are done in the IBPS SO Pay Scale.

In compression to the other high profiles IBPS SO are getting high salary along with various other Allowances/Perks. Career of IBPS SO is having the good scope in India under Banking Sector. The basic pay of an IBPS SO is Rs. 23,700/- for Scale 1. There are various other perks and allowances entitled to the post.

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IBPS SO Salary Highlights:

The salary enjoyed by IBPS SO is given below:

ParticularsDetails
Gross IBPS SO Salary QuoraRs.38000-Rs.39000
IBPS SO 2022 Pay Scales23, 700 – 980/ 7 – 30,560 – 1,145/ 2 – 32,850 – 1,310/ 7 – 42,020
Dearness Allowance associated with IBPS SO salary36% of Basic Pay
City Compensatory Allowance3%-4% depending on the place of posting
House Rent Allowance as per IBPS SO 2022 Salary7%-9% depends on the place posted

Also Check Here: Jobs by Organization

IBPS SO Salary

IBPS SO Salary in India

The IBPS Specialist Officer Pay Scale differs according to the posts as well as grade. Once the 11th Bipartite Settlement is completely implemented the IBPS SO Salary Slip will also be revised. Employees can expect an increment of 40% in the basic pay of IBPS SO Pay Scale. The IBPS Specialist Officer Salary details for various posts are given below:

GradeIBPS SO Salary in-hand
Officer Scale I (IBPS SO Salary Scale 1)Monthly Salary– Rs. 36400/-Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020
Officer Scale-IIMonthly Salary- Rs. 48800/-Pay Scale- Rs. 31705-1145/1-32850-1310/10-45950
Officer Scale IIIMonthly Salary- Rs. 64600/-Pay Scale- Rs. 42020-1310/5-48570-1460/2-51490

IBPS Specialist Officer Salary- Allowances

House Rent Allowance7%-9%(Location dependent)
Dearness AllowanceRs 8605.88
Special Allowance7.75%(Scale I)
City Compensatory Allowance0-4%(depends on location)
MiscellaneousRs. 4100

Check Also: IBPS Exams Notification

IBPS SO Career Growth

There is a major scope of growth as a Specialist Officer. There are internal Interview as well as promotional exams, organized at regular intervals of time for better career prospect to its employees. The major career options that a SO can opt through the promotion are:

  • Scale 1 – Officer / Assistant Manager
  • Scale 2 – Manager
  • Scale 3 – Senior Manager
  • Scale 4 – Chief Manager
  • Scale 5 – Asst. General Manager
  • Scale 6 – Deputy General Manager
  • Scale 7 – General Manager

Want to Know? Eligibility for Bank Exam

IBPS SO Salary Structure: Check Post Code

Post CodePost Name
01IT Officer (Scale I)
02Agricultural Field Officer (Scale I)
03Rajbhasha Adhikari (Scale I)
04Law Officer (Scale I)
05HR/Personnel Officer (Scale I)
06Marketing Officer (Scale I)

Read This: How to Get Bank Jobs

IBPS SO Job Profile

Position Details
Agriculture Field Officer
  • Responsible for promoting rural banking and generating leads.
  • Look after the financial needs of people living in rural areas.
  • Responsible for coordinating with other RRBs, NABARD, and other organizations.
  • Look after loan inspection and recovery in rural areas.
IT Officer
  • Look after the core banking system.
  • Responsible for managing technical issues within the department
  • Develop and update the software.
  • Also, they take care of the security systems to avoid cybercrimes.
Rajbhasha Adhikari
  • The employees proofread and translate crucial documents used in the banking system.
  • They arrange relevant language-related workshops.
  • They provide training employees in the local language.
Law Officer
  • They manage all legal affairs within the department
  • They represent the bank if any case is filed.
  • Look after the errors and loopholes within the banking system.
HR/Personnel Officer
  • They maintain employees’ database.
  • They track employees’ performance.
  • They design several welfare schemes, promotions, and compensation for the benefit of the employees
Marketing Officer
  • They look after State or region-wise marketing and promotional activities.
  • Look for value-added ways to boost the revenues.
  • Help get new business deals.

IBPS Specialist Officer Benefits and Perks:

Institute of Banking Personnel Selection Specialist Officers also get various benefits as well as perks such as Dearness Allowances, House Rent Allowances, Travelling Allowances Travelling Allowances, Medical Benefits, Bonus and Provident Funds etc.

Basic Pay:

  • Basic Pay is the IBPS SO Officer Salary offered to bank employees without any extra payments such as allowances and bonuses.
  • For bank SO, it is INR 23700, with effect from June 01, 2015.

Dearness Allowances:

  • Dearness Allowances are a paid cost of living adjustment, given to all the government employees. Institute of Banking Personnel Selection Specialist Officers also get Dearness Allowances based on their IBPS SO Salary After 7th Pay Commission.
  • For bank specialist officers, it is INR 8605.

House Rent Allowances:

  • House Rent Allowances are the accommodation rent, given to the employees. HRA is included in the IBPS SO Salary After Revision of employees.
  • Those employees, who will have their own houses, can’t claim for HRA.
  • Bank has permitted 9% or 8% or 7% HRA, based on the place of the position of an employee.

Travelling Allowances:

Travelling Allowances are for the office purpose. Employees get paid travelling charges from home to office.

Medical Benefits:

Medical Allowances are also given to Specialist Officers. Employees are paid medical expenses on monthly basis as well as Medical and Health Insurance.

CCA (City Compensatory Allowance):

  • CCA is known as City Compensatory Allowance, a fully taxable component of remuneration. CCA is given to employees for working in big metropolitan cities.
  • This is not calculated on basic IBPS SO IT Salary, as it is a fixed amount
  • CCA for bank SO is generally 4%, 3% or 0%, on the basis of the place of position of an employee.

Special Allowances:

  • Special Allowances are offered to only Scale-1 officers (7.75%).
  • Scale-2 is exempted from this advantage.

Bonus:

Bonuses are given to employees occasionally or according to their performance. Any employee can’t claim for Bonus.

Provident Funds:

  • The amount of Provident Funds is an equal amount collected by employee and employer per month.
  • Officers can get the Provident Funds money when he/she leave the bank and continue this account in another Organization.

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Final Words:

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Filed in: Bank Recruitment 2022, Salary 2022

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