IBPS SO Salary 2020: Job Profile, Perks & Promotions, In-hand Salary After 7th Pay Commission

This recruitment drive is conducted to fill various specialization posts. These are

  • Agriculture Field Officer
  • IT Officer
  • HR/Personnel Officer
  • Law Officer
  • Marketing Officer
  • Rajbhasha Adhikari

SARKARI JOB on Telegram– Join now

IBPS SO Salary 2020-2021

Without further ado, let us get to know about the salary details of Specialist Officers. The basic pay for Scale I SO posts is Rs. 23,700/-. The IBPS Specialist Officer Salary will be revised after the 11th Bipartite settlement which is long due. As of now IBPS SO Pay Scale is – 23700-980(7)-30560-1145(2)-32850-1310(7)-42020.

Dearness Allowance36% of Basic Salary.
Special Allowance7.75% of (Basic+DA)
City Compensatory Allowance0%-4% (Depending on Tier I to Tier III city)
PF ContributionRs. 3000/- Rs. 3500/

IBPS SO In-hand Salary

The Gross Salary of IBPS SO is approximately Rs. 46000/- to Rs. 48000/-. After deductions (like PF and other deductions) the in hand salary of a freshly appointed IBPS Specialist Officer is around Rs. 42000/- to Rs. 44ooo/-. 

IBPS SO Job Profile

IT OfficerLook after the core banking system.
Manage technical issues of the banking system.
Develop and modify the software.
Look after the security systems of the bank to avoid cybercrimes.
Agriculture Field OfficerPromote rural banking and generate lead.
Understand the core and financial needs of people in rural areas.
Coordinating with other RRBs, NABARD, and other organizations.
Loan inspection and recovery in rural areas.
Rajbhasha AdhikariProofread and translate important documents used in the banking system.
Conduction of language-related workshops.
Promote and train employees in the local language.
Law OfficerHandle all the legal affairs of the bank.
Represent the bank in case of a suit filed.
Monitor errors and authenticity of the banking system.
HR/Personnel OfficerMaintenance of employee database.
Conducting the process of recruitment.
Performance and evaluation of employees.
Designing welfare schemes, promotion, and compensation of all employees
Marketing OfficerState or region wise marketing and promotional activities.
Increase profit through cost-effective methods.
Promote his bank, increase customers and bring new business deals.

IBPS SO Perks & Benefits

Apart from the attractive salary that is offered, an IBPS SO is entitled to other perks as well. It includes a Newspaper allowance, Medical allowance, Entertainment allowance, House and furniture allowance, etc.

IBPS SO: Promotion Policy

All the successful candidates who are selected for Scale-I and Scale-II posts and will undergo training, workshops, assessments to improve their skills and be eligible for promotions. Based on the work performance, IBPS SO gets promotion in his career to raise his standard of living. Given below is the list of hierarchy that is followed in IBPS SO promotions.

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

Leave a Comment