IBPS SO salary payment structure and salary breakdown is available over here.
The Institute of Banking Personal Selection (IBPS) is an autonomous recruiting body. It selects banking personnel, such as Specialist Officers of Scale – I and Scale – II, Probationary Officers (PO), and bank clerks. The test is conducted online each year, where aptitude questions are provided to the examinees. Those who successfully get through the test must attend a group discussion and interview.
Common Recruiting Process (CRP) is published by IBPS to select the candidates as per the requirement of the participating banks. The selected candidates, say the Specialist Officers (SO) are allowed to work in any one of the participating banks. The IBPS SO salary is same for all SOs, irrespective of the banks they work in.
What is IBPS SO Salary?
The salary structure for the IBPS SO is calculated considering all the perks offered to them. However, an SO under Scale I is provided — Rs 14,500 – 600/7 – 18,700 – 700/2 – 20,100 -800/7 – 25,700/- approximately. So, the cash-in-hand will be around Rs. 24,000-32,000 nearly.
Those under IBPS SO Scale II, the BASIC PAY given is Rs 19,400 700/1- 20,100 – 800/10 – 28,100/ approximately. During appointment, the salary will be Rs. 34,000-40,000 approximately. After completion of the first year, an increment of Rs. 700 will be due on the basic pay. After that the increment on the basic pay is Rs. 800/- for the next 10 years. However, it is possible to get revised pay depending on the economy of the country.
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IBPS Specialist Officer post is popular thanks to IBPS SO Salary:
Bank jobs are most sought after by fresh graduates who are looking for secured and plum jobs. IBPS specialist officer post is one such job. IBPS SO salary is also a reason why it is a preferred job position by a lot of people. There are different pay scales allotted to the fresh recruits depending on the position for which they are recruited. For instance, SO for Scale –I are IT Officers, HR Officers, Agricultural Field Officer, Law Officers, Marketing Officers, and so on.
Eligibility Criteria for All IBPS SO Posts in Detail and What each Post Means – Click Here
The IBPS SO salary includes different types of perks, such as DA, HRA, medical facilities, transport reimbursements, and so on. Newspaper and petrol reimbursement is also common. The salary is revised from time to time. The salary was revised in 2012. It is expected that the same will be revised in 2015 as well. The DA is revised as per inflation in the economy. It is quite common for the applicants to find out how much does an IBPS SO earn. They may get different answers for the same.
Basically, the IBPS SO salary is different depending on the place of their posting. For instance, in a plush area the HRA is more. However, the SOs is given as a cash facility and not as a part of the salary. In other words, the SO are given leased accommodation.
How much does IBPS Specialist Officer Earn?
As mentioned in the article, an IBPS specialist officer earns a basic salary as well as perks. However, the salary differs as those recruited under Scale – I or Scale – II. Those under Scale – I are often promoted to Scale –II depending on their performance and expertise. There may be new recruits who are allotted to Scale- II position directly.
The Scale – I is usually for the junior management position while Scale – II is for the middle management position. There are training, assessments, and workshops to allow the candidates to improve their skills and get promotions. IBPS also helps in these facilities.
IBPS SO salary is at little higher than those of PO. Although, these officials also get basic perks, their basic pay is lower than the SO. So if you are all set to appear for SO, check the IBPS solved question papers at IBPSExamAdda right away.