IBPS SO Salary 2022: In Hand Salary, Pay Scale, Job Profile

IBPS SO Salary 2022: In Hand Salary, Pay Scale, Job Profile

ByKanika Ralhan  |  Updated on: Jun 15, 2022
The candidates must be conversant of the IBPS SO salary 2022 to get the complete details of the work profile. Check out the IBPS SO in hand salary, salary slip, job profile and career growth.
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The candidates must be conversant with the IBPS SO salary 2022 and other components of the salary structure. It is a highly esteemed and reputable job profile that further adds to the attraction of the candidates. The Institute of Banking Personnel Selection offers a highly lucrative IBPS SO salary to the Specialist Officers. They are also entitled to numerous emoluments and allowances, you can get the complete details by walking through the post. 

We have facilitated the entire details such as the salary structure, in-hand salary, components of salary, and other details. You must have a detailed knowledge of the job profile to examine whether you are an impeccable fit for the job or not.  Also, analyze your upcoming roles and responsibilities to be able to enhance and upgrade your skills accordingly.

The IBPS SO salary witnesses an alteration in accordance with the scales. Trace the path of your career and future prospects before kickstarting your preparation effectively. You can gain complete knowledge of the IBPS SO salary, job profile, career growth, and other details by reading the post.

IBPS SO Salary 2022

IBPS SO salary is one of the striking features for the candidates. The salary offered for IBPS SO is a hefty amount and makes it an attractive factor for the increase in the number of applicants every year. There has been a major increase in the number of candidates that apply for the IBPS SO exam and salary is one of the major factors. 

They are offered a myriad of perks and allowances. The accurate and exact knowledge of the IBPS SO salary assists the candidates in having a crystal clear picture of the work profile and having realistic expectations. Before kickstarting your preparations you must be having a detailed knowledge of the syllabus.

Knowledge about salary for all the posts under IBPS SO helps you understand the different prospects of the work. With detailed information about the job profile, responsibilities, career growth and specialist officer salary you will get a clear idea about what you are applying and aiming for.

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IBPS SO Salary Structure

IBPS SO salary is a collection of different components. It is important to have information about the different components of the salary. This will aid you in gaining knowledge about the Dearness Allowance, House Rent Allowance, City Compensatory Allowance etc. Take a look at the illustrated table mentioned and presented herewith to gain insights into the salary and other components.

Particulars 

IBPS SO Salary Components 

Basic Salary

23700-980(7)-35560-1145(2)-32850-1310(7)-42020.

Dearness Allowance

36% of basic salary (approx ₹ 8605). Dearness Allowance is the cost of living.

House Rent Allowance


HRA varies from 7% - 9% which is paid by the bank to the employees for expenses in accommodation in any city. 

Special Allowance

Its is given as per your performance. It is a bonus amount which varies as per your performance.

City Compensatory Allowance

It lies between 0%-4% given by the bank to employees to help in living in the high-end lifestyles of a metropolitan city.

Lease Allowance

This can be availed up to ₹ 29500 by the employees as per their location of work. It is lease accommodation which when availed by the employee devoids him of Naval HRA.

IBPS SO Salary Allowances

The Specialist Officers are provided with allowances along with an IBPS SO salary, the details have been provided herewith. The allowances add up to the fascination of the job profile and also surges the salary components.

Components

Percentage Distribution

House Rent Allowance

7%-9%(Location dependent)

Dearness Allowance

₹ 8605.88

Special Allowance

7.75%(Scale I)

City Compensatory Allowance

0-4%(depends on location)

Miscellaneous

₹ 4100

IBPS SO In Hand Salary

IBPS SO salary in hand is the total amount that the employee receives after deduction due to various factors. ₹ 38000 - ₹ 39000 is the nearly gross salary of an IBPS SO. After many deductions, the employee receives a total of ₹ 33000 - ₹ 35000 which is the in-hand salary. The IBPS SO salary in hand will be the amount that the Specialist Officers will be receiving in actual after gross deductions and additions.

IBPS SO Salary Slip 

The IBPS SO salary slip comprises all the details of the salary and gross deductions and additions. It also contains the total amount that is paid to the Specialist Officers. The IBPS SO salary slip provides a complete information handout to the candidates and provides them all the details.

 

IBPS SO Job Profile 2022

The accurate and apt knowledge of the IBPS SO job profile will lead the candidates in analyzing whether they are an impeccable fit for the job or not, and they will be able to enhance the level of their skills and strengths accordingly.

The type of work that the specialist officers undergo varies from post to post in IBPS SO. We will cover the job description of each profile of the IBPS SO one by one now. Gain a detailed knowledge of the upcoming roles and responsibilities by gaining detailed knowledge. This will assist you in tracking your career and pursuing the same in accordance with your interests.

1. Agriculture Field Officer

Get in touch with the work, roles and responsibilities of an Agriculture Field Officer. The Agriculture Field Officer will be responsible for carrying out and pursuing these tasks efficiently.

  • Supervising loans and related issues.
  • Working for the development of rural banking
  • Making connections with NABARD, RRBs, and other similar institutions and organizations.
  • Evaluating and working for the needs of people in rural areas.

2. I.T Officer

The IT Officer is responsible for the under-noted tasks. You can gain knowledge about the work associated with the IT Officer job profile to prepare efficiently for the exam.

  • Helps in developing schemes to fight cybercrimes.
  • Supervising core banking systems and interfaces.
  • Taking charge of the smooth functioning of banking software
  • Working to resolve technical issues.

3. Rajbhasha Adhikari

The Rajbhasha Adhikari is responsible for carrying ahead the tasks related to developing and strengthening the local languages. For complete details you can take a look at the points mentioned herewith.

  • Helps to conduct and organise language workshops
  • Help in developing the learning of local languages
  • verification of documents in different languages that are used in banks

4. Law Officer

The Law Officer is responsible for managing the legal aspects of the firm. They are responsible for carrying out these tasks with efficiency.

  • A representing body on behalf of the bank in court hearings
  • Undertake legal proceedings
  • Maintain an error-free working and keep a check on the reliability of the documents.

5. HR/Personnel Officer 

The candidates can get detailed knowledge of the IBPS SO job profile of HR or Personnel Officer. Trace the work associated with the HR or personnel job profile.

  • Monitors the performance of the employees
  • Look after the promotion, schemes, compensation, and policies for the employees.
  • Looks after database consisting of employee details
  • Performs recruitment and induction process of employees

6. Marketing Officer 

The work profile of the IBPS SO Marketing Officer involves the promotional activities, schemes etc. Gather complete knowledge of the job profile and other parameters.

  • Strategizing promotional activities 
  • Helps in business development steps and schemes
  • Promote the bank and gather customers and better business prospects and deals.

IBPS SO Career Growth Opportunities

After gathering the IBPS SO salary details you can take a look at the career growth. The Institute of Banking Personnel Selection brings forth enormous opportunities for career growth and a shining future. Every candidate looks for growth in their career. IBPS  provides ample opportunities for career growth to every employee. The following will illustrate the career growth opportunities in the hierarchy in detail:

  1. The Junior Management - Scale 1 (Assistant Manager/ Officer)
  2. The Junior Management - Scale 2 (Manager)
  3. The Middle Management - Scale 3 (Senior Manager)
  4. The Senior Management - Scale 4 (Chief Manager)
  5. The Senior Management - Scale 5 (Assistant General Manager)
  6. The Top Management - Scale 6 (Deputy General Manager)
  7. The Top management - Scale 7 (General Manager)

IBPS SO Salary Variation on the basis of Scale

For various posts, the salary is different for different scales. The IBPS SO salary details have been presented here which will provide the candidates with detailed knowledge of the salary for all the posts. Check out the IBPS SO salary in hand for all the posts that have been illustrated here, and strategize your preparation effectively. 

Grade

IBPS SO Salary

Officer Scale I

Salary per month– ₹ 36400/-

Pay Scale– ₹ 23700-980/7-30560-1145/2-32850-1310/7-42020

Officer Scale-II

Salary per month - ₹ 48800/-

Pay Scale- ₹ 31705-1145/1-32850-1310/10-45950

Officer Scale III

Salary per month - ₹ 64600/-

Pay Scale- ₹ 42020-1310/5-48570-1460/2-51490

IBPS SO Perks & Benefits

IBPS SO offers a good amount of salary to its employees. Other than a good salary, it also provides many perks to the employees. The additional perks include medical allowance, house and furniture allowance, entertainment allowance, and newspaper allowance. For all these activities, the bank will be providing its employees with a fixed amount every month.

Important Links:

IBPS SO Notification PDFIBPS SO Vacancy
IBPS SO Eligibility CriteriaIBPS SO Apply Online
IBPS SO Exam DateIBPS SO Selection Process
IBPS SO SyllabusIBPS SO Cut Off
IBPS SO Question PapersIBPS SO Exam Analysis
IBPS SO Exam PatternIBPS SO Salary
IBPS SO Mock Test IBPS SO Online Coaching

Best of Luck!

IBPS SO Salary FAQs

  • The candidates must be conversant with all the details of the IBPS SO salary 2022 to be able to accurately analyze the work profile and have realistic expectations. The basic pay scale 23700-980(7)-35560-1145(2)-32850-1310(7)-42020. They receive an IBPS SO salary in hand of ₹ 38000 - ₹ 39000. The highly lucrative salary structure esteemed job profile and the entitlement to numerous allowances fuels motivation among candidates and makes the job profile attractive. 

  • The basic pay of an IBPS SO Scale I Officer is ₹ 23,700/-.The candidates must be in possession of the complete knowledge centering around the IBPS SO salary to have realistic expectations. You will be able to gauge the work profile and all the details pertaining to it.

  • The in hand salary of IBPS SO is the amount received by the officers after the gross deductions and additions. The handsome salary package offered by the Institute of Banking Personnel Selection attracts the candidates for the job and the associated tasks. The IBPS SO salary in hand is ₹ 33000 - ₹ 35000. 

  • The candidates recruited as Specialist Officer are also entitled to numerous allowances and perks, that makes their job profile even more attractive. Special Allowances such as incentives and bonuses are given based on the performance of the employees.
  • The candidates must be conversant with the IBPS SO job profile to analyze the upcoming roles and responsibilities and enhance their strengths accordingly. Take a look at the IBPS SO job profile for all the posts as illustrated herewith.

    • IBPS SO IT Officers is typically employed in a bank to take care of software and network systems in order to fight cybercrimes, maintaining databases, evaluating a new technology for further improvement of the overall working of the bank, etc.
    • Rajbhasha Adhikari: Their main tasks involve developing and strengthening the local languages. They are needed to verify the documents in different languages.
    • Law Officer takes care of all the legal aspects. They maintain an error-free workshop and keep checking the reliability if documents.
    • HR/Personnel Officer: The candidates need to monitor the performance of the employees, undertakes recruitment and induction processes. 
  • Yes, IBPS is governed by a board that includes nominees from government organizations. You must be clear with all the details centering to the job profile to avoid facing any hassle later.
  • The Institute of Banking Personnel Selection offers myriad opportunities to candidates for growth in their career and to have a shining future ahead. The eligible and competent candidates can step up to higher posts and undertake higher responsibilities in the firm.

    1. The Junior Management - Scale 1 (Assistant Manager/ Officer)
    2. The Junior Management - Scale 2 (Manager)
    3. The Middle Management - Scale 3 (Senior Manager)
    4. The Senior Management - Scale 4 (Chief Manager)
    5. The Senior Management - Scale 5 (Assistant General Manager)
    6. The Top Management - Scale 6 (Deputy General Manager)
    7. The Top management - Scale 7 (General Manager)
  • The IBPS Specialist Officers are entitled to numerous allowances and benefits that adds to the attraction of the candidates. The allowances of the candidates are as mentioned herewith.

    • Dearness Allowance
    • House Rent Allowance
    • Special Allowance
    • City Compensatory Allowance
    • Lease Allowance
  • The IBPS SO salary witnesses a change in accordance with the posts. The Officer Scale I post offers a salary of ₹ 36400/- per month. The candidates in the Officer Scale II post are offered a salary of ₹ 48800. The candidates recruited in the Officer Scale III post will be offered ₹ 64600/. 

  • The IBPS SO salary slip comprises all the details, gross deductions and additions and the amount offered to the candidates. The IBPS SO salary slip provides a complete handout of information about the salary to the Specialist Officers.

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