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IBPS SO Salary 2022 Structure - Complete Details

The Institute of Banking Personnel Selection (IBPS) has released the official notification for IBPS SO for the year 2021 for various Specialist Officer Scale I Posts – IT Officer, Agricultural Field Officer, Rajbhasha Adhikari, Law OfficerHR/Personnel Officer and Marketing Officer. The prelims are scheduled on 26th December 2021 while the mains are on 30th January 2022. 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.

IBPS SO Salary

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:

  • Dearness Allowance.
  • House Rent Allowance.
  • Transport Allowance.
  • Newspaper reimbursement.
  • Hospitalization reimbursement.
  • Pension.
  • Petrol.
  • Deputation Allowance.
  • PF Allowance.

The allowances and benefits are presented in a tabular form as follows

ComponentsValue
Dearness Allowance36% Approx. Rs 8600/
House Rent AllowanceBetween 7% to 9%. ( Varies based on posting location)
Conveyance AllowanceFixed amount of fuel expense depending upon 2 wheeler or 4 wheeler
Special Allowance7.75% of DA+Basic.
City Compensatory AllowanceAs per the place of posting of the candidate, it is between 0% to 4%
Lease AllowanceIn place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting.
PF ContributionIt varies between Rs. 3000/ - Rs. 3500/

The IBPS Specialist Officer Salary details for various posts are given below:

GradeSalary
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.

IBPS SO Job Profile Post-wise Responsibilities

IBPS SO IT Officer

  • Proper flow of networks
  • Smooth functioning of bank software
  • Eradicating security threats
  • Updating software from time to time
  • Handling banking technical problems
  • Testing and evaluation of new technology and more

IBPS SO Agricultural Field Officer

  • Promotes banks' loan products in rural areas, particularly among farmers.
  • Meets and maintain a good relationship with farmers and thereby generate Leads
  • Conducts pre-loan sanction inspection
  • Follows up in case of recovery of loans
  • Ensures the proper recovery of loan
  • Getting the acknowledgement of debt

IBPS SO – Rajbhasha Adhikari

  • Promotes Hindi in the bank
  • Translation of Documents into Hindi
  • Arranging Training Programmes on official language
  • Ensures official language of the union is used in communications along with English

IBPS SO – Marketing Officer

  • Takes care of all the marketing and promotional activities in a given state/region or nationwide
  • Responsible for conceptualizing and design of advertisements, taking the banks message to the masses
  • Co-ordinates with advertisement agencies in order to draft various forms of communication
  • Develops various marketing strategies and plans to boost up sales and profits.
  • Looks for new services and Products of the Banks

IBPS SO – Law Officer

  • Deals with documentation work within a bank
  • Checks the sanctions imposed by the bank and make sure all the relevant documents are executed.
  • Guides practising lawyers who represent the bank in case of any litigation

IBPS SO – HR / Personnel Officer

  • Handles the training and induction of new employees, circulate appraisal forms, form leave schedules, creation of salary accounts, etc.
  • Conducts recruitment interviews, address labour laws, employee promotions and other critical human resource-related activities
  • Manages industrial relations, performance and promotion policy

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.

IBPS SO Career Growth

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.

Middle Management Grade Scale 3 – Senior Manager.

Senior Management Grade Scale 4 – Chief Manager.

Senior Management Grade Scale 5 – Assistant General Manager.

Top Management Grade Scale 6 – Deputy General Manager.

Top Management Grade Scale 7 – General Manager.

That is all from us in this blog on IBPS SO Salary, Job Profile & Promotion. Keep checking this space for all the latest IBPS and other Banking Exam updates. All the best.

FAQs

What is the age limit for IBPS SO?

The minimum age limit is 20 years and the maximum age limit is 30 years.

What is the minimum educational qualification required for IBPS SO? +

The minimum educational qualification is graduation for applying to IBPS SO.

What is the application fee for IBPS SO for a general category student? +

The application fee is as follows:
Rs. 175/- (inclusive of GST) for SC/ST/PWBD candidates.
Rs. 850 /- (inclusive of GST) for all others.

When will the registration process begin for IBPS SO 2021? +

The IBPS SO 2021 notification is out and the interested candidates can apply from 03.11.2021- 23.11.2021

When will the IBPS SO Admit card be available? +

IBPS SO Admit Card for prelims 2021 has been released by IBPS on 10th Dec 2021

What is the IBPS SO Prelims Exam Date? +

26th Dec 2021 is the IBPS SO Prelims Exam date

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