SBI SO Salary 2023

SBI recruits Specialist Officers for various departments every year through a set of exams. This job profile is one of the coveted posts in India and the SBI SO salary offered is one of the key driving factors for candidates to choose this post as a career prospect.

The basic pay of SBI SO Junior Management (grade 1) is Rs 23,700/-. Apart from this, there are other allowances and perks.

Under the SBI Specialist Officer (SO) exam, there are multiple SBI openings during the year. Candidates are selected on the basis of their merit and availability of the respective posts.

For details on other bank exams, candidates can check the linked article.

Government Exam 2023

The basic pay varies from post to post which will be discussed later in this article.

This article will give an idea about the SBI SO salary profile with information on allowances, perks, and other benefits.

Other salary-related pages:

Bank PO Salary SSC Salary

SBI SO Salary in India- Payscale, Allowances and other benefits

Based on the various grades and departments are different. the SBI SO salary differs.

The SBI SO (grade and post-wise) salary details are given below:

Sr No Grade Scale of Pay
1 Junior Management Grade Scale I (JMGS I) 23700-980/7-30560-1145/2-32850-1310/7-42020
2 Middle Management Grade Scale II (MMGS II) 31705-1145/1-32850-1310/10-45950
3 Middle Management Grade Scale III (MMGS III) 42020-1310/5-48570-1460/2-51490
4 Senior Management Grade Scale IV (SMGS-IV) 50030-1460/4-55870-1650/2-59170

Given below is the salary structure for the various posts as per the SBI SO Notification 2020:

SBI SO Salary
Post Pay Scale/ Salary
Credit Analysis MMGS-III 42020-1310/5-48570-1460/2-51490
Product Manager 42020-1310/5-48570-1460/2-51490
Data Analyst Manager 42020-1310/5-48570-1460/2-51490
Digital Marketing Manager 42020-1310/5-48570-1460/2-51490
Faculty, SBIL Rs. 25 lakh to Rs. 40 lakh per annum
Sr. Executive (Digital Relations, Analytics, Digita Marketing) Rs. 12 lakhs to Rs. 20 lakhs per annum
Executive (FI & MM) Rs. 6 lakhs per annum
Sr. Executive (Social Banking & CSR) Rs. 10 lakhs per annum
Deputy Manager (IS Audit) 31705-1145/1-32850-1310/10-45950
Vice President (Stressed Assets Marketing) Rs. 40 lakhs to Rs. 43 lakhs per annum
Chief Manager (Special situation Team) 50030-1460/4-55870-1650/2-59170
Deputy Manager (Stressed Assets Marketing)  31705-1145/1-32850-1310/10-45950
Head (Product, Investment & Research)  Rs.80.00 lakhs to Rs.99.62 lakhs per annum
Central Research Team (Portfolio Analysis & Data Analytics) Rs.25.00 lakhs to Rs.50.00 lakhs per annum
Central Research Team (Support) Rs.7.00 lakhs to Rs.10.00 lakhs per annum
Investment Officer Rs.12.00 lakhs to Rs.18.00 lakhs per annum
Project Development Manager (Technology)  Rs.12.00 lakhs to Rs.18.00 lakhs per annum
Relationship Manager Rs.6.00 lakhs to Rs.15.00 lakhs per annum
Relationship Manager (Team Lead) Rs.10.00 lakhs to Rs.28.00 lakhs per annum
Deputy Manager – Law 31705-1145/1-32850-1310/10-45950

The various perks and allowances that the above-mentioned posts are entitled to are:

  1. Dearness Allowance
  2. House Rent Allowance
  3. City Compensatory Allowance
  4. Provident Fund
  5. Pension Fund
  6. Medical Reimbursement
  7. Furniture Allowance

For details on other bank salary range, refer to the linked article.

Related Links:

SBI Clerk Salary LIC ADO Salary
LIC AAO Salary IBPS SO Salary
IBPS Clerk Salary RBI Grade B Salary

SBI SO Responsibilities

The SBI SO responsibilities across various grades and profile are given below:

  1. Identify and evaluate different IT-related operations with respect to business requirements.
  2. Establish efficient and purposeful communication with customers and business partners
  3. Supervise and handle System/server installation, configuration and monitoring.
  4. Getting involved in Troubleshooting tasks
  5. Prepare status reports of assigned and accomplished task of respective departments.

There are other government exams that 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.