IBPS recruits Specialist Officers every year for various posts under different departments. The main reason for SO post being a sought-after position is the salary and various allowances.
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.
Interested candidates can know more about the IBPS exams at the linked article.
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The IBPS SO exam is conducted to recruit Specialist Officers in the various participating banks under IBPS. The IBPS SO salary is one major aspect for lakhs of candidates applying for the IBPS exam and choosing it as a career option.
IBPS SO Salary in India After 7th Pay Commission
The IBPS SO Salary varies according to the posts and grade.
The IBPS SO Salary will also be revised once the 7th pay commission is levied. Employees can expect an increment of 40% in the basic pay of IBPS SO salary.
The IBPS SO Salary details for various posts are given below:
|Grade||IBPS SO 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
For more details on bank salary, refer to the linked article.
The IBPS SO Salary includes dearness allowance and HRA for all the grades.
The allowances and perks in the IBPS SO Salary are given below:
|IBPS SO Salary- Allowances|
|House Rent Allowance||7%-9%(Location dependent)|
|Dearness Allowance||Rs 8605.88|
|Special Allowance||7.75%(Scale I)|
|City Compensatory Allowance||0-4%(depends on location)|
Candidates who are looking forward to apply for the upcoming IBPS SO 2020 examination can check the detailed bank exam syllabus at the linked article and prepare themselves well for the examination.
IBPS SO Career growth
Apart from the IBPS SO salary, there is a major scope of growth as a Specialist Officer. There are internal interview and promotional exams which are conducted at regular intervals of time to provide a 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.
Aspirants who have any specialised degree and are interested to join the banking sector must opt for the IBPS SO exam. It not not provides perks and a decent salary but in terms of growth it is a great option.
Candidates can also check the SBI SO salary at the linked article.
The roles and responsibilities of IBPS SO vary from post to post under different departments.
There are other government exams which also have a great designation, career, and salary.
Aspirants applying for the post of IAS officer can check the IAS salary at the linked article.
Frequently Asked Questions for IBPS SO Salary
Q 1. What is the basic pay of an employee working on the post of a Specialist Officer in IBPS?
Q 2. For which posts is the IBPS SO exam conducted?
Q 3. Which among IBPS SO and SBI SO is better?
Ans. The IBPS SO and the SBI SO posts are similar. Their responsibilities and specialisation-wise job profile is also the same. The only difference is between the IBPS SO salary and the SBI SO salary.