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IBPS Specialist Officer Salary 2019 SO (IT Officer) Pay Scale, Growth

IBPS Specialist Officer Salary

Those, who had applied for IBPS Specialist Officer Recruitment, must be wondering for IBPS Specialist Officer Salary. So here we are for your convenience. We have prepared this article in which you can find the entire details of IBPS SO (IT Officer) Pay Scale, Growth, incentives, hike etc.

Do you know that the salary of IBPS Specialist Officer is little higher than probationary officer? Yes this is true. It is highly prestigious job and every year lakhs of candidates participates in prelims, mains examination for recruitment on the posts of SO.

Know the information of IBPS Specialist Officer Growth

Those, who will be selected for this job profile, then a tremendous pay package along with additional non-monetary incentives, will be provided to you by the organization. From this article, you can check out the IBPS Specialist Officer Salary Structure After implementation of 7th CPC.

Based on performance, employees under Scale I can get promoted to Scale II. We are listing IBPS Specialist Officer Salary 2019 in details. To grab more details about IBPS SO Salary And Promotion, have a look on below of page designed by team of www.recruitmentinboxx.com

IBPS Specialist Officer Salary

Positions which comes under IBPS Specialist Officer:

  • IT. Officer (Scale-I)
  • Agricultural Field Officer (Scale I)
  • RajbhashaAdhikari (Scale I)
  • Law Officer (Scale I)
  • HR/ Personnel Officer (Scale I)
  • Marketing Officer (Scale I)

IBPS Specialist Officer Salary after 7th Pay Commission

After 7th Pay Commission, Salary for IBPS SOof all the government employees is hiked by 40%.

AssetsMetro Cities(State Capital etc.)(District Level
and Rural Areas)
Basic PayRs.14500/-Rs.14500/-Rs.14500/-
Dearness AllowanceRs.14485.5/-Rs.14485.5/-Rs.14485.5/-
CCA (3% to 4% Max. Rs540/-)Rs.540/-Rs.375/- —-
Total Salary Of IBPS SO
(Excluding HRA)
Rs.29525.5/-Rs.29360.5/-Rs.28985.5/-
HRA – 8.5% ; 7.5%; 6.5%*Rs.1232.50/-Rs.1087.50/-Rs.942.50/-
Total IBPS SO 2019 Salary
(including HRA
Rs.30758/-Rs.30448/-Rs.29927.5

Top 10 Ways to Increase Salary: Why wait for increments?

IBPS SO Participating Organizations 2019:

In India there are total 20 Public Sector Banks, which participates in IBPS SO exam 2019. The names of those banks are tabulated below:

Allahabad BankAndhra Bank
Bank of BarodaBank of India
Bank of MaharashtraCentral Bank of India
Canara BankCorporation Bank
Dena BankIDBI Bank
Indian Overseas BankOriental Bank of Commerce
Punjab National BankPunjab & Sind Bank
Syndicate BankUCO Bank
Union Bank of IndiaUnited Bank of India
Vijaya BankIndian Bank

IBPS Specialist Officer Scale 1 and Scale 2 Salary

IBPS Specialist Officer Salary the post of Specialist Officer Scale 1 & 2 is mentioned below. Lets check out:

Officer MMG Scale IIRs 19400 700/1 20100 800/10 – 28100/-
Officer JMG Scale I

Rs 14500 600/7  18700 700/2 20100 800/7 – 25700/-

Manager Credit (Scale II)/ Finance Executive (Scale II) Name Posts for Scale (I, II):

I.T. OfficerScale-I
Agricultural Field OfficerScale-I
RajbhashaAdhikariScale-I
Law OfficerScale-I
HR/Personnel OfficerScale-I
Marketing OfficerScale-I
I.T. OfficerScale-II
Law OfficerScale-II
Chartered AccountantScale-II

Check After Revision: Bank Salary Structure

IBPS Specialist Officer Benefits and Perks:

Specialist Officers under Institute of Banking Personnel Selection are also admissible for various benefits and perks such as Dearness Allowances, House Rent Allowances, Travelling Allowances Travelling Allowances, Medical Benefits, Bonus and Provident Funds etc. IBPS SO Salary Details are provided here.

Basic Pay:

  • This is the amount of IBPS SO Officer Salaryoffered to bank employees excluding any extra payments like allowances and bonuses.
  • For bank SO, it is INR 23700, with effect from June 01, 2015.

Dearness Allowances:

  • All government employees are a paid cost of living adjustment that is Dearness Allowances. Specialist Officers under Institute of Banking Personnel Selection are also given Dearness Allowances based on their IBPS SO Salary After 7th Pay Commission.
  • For bank specialist officers, it is INR 8605.88.

House Rent Allowances:

  • House Rent Allowances are given to the employees to pay their accommodation rent. Basically it is included in the IBPS SO Salary After Revisionof employees but those, who are having their own houses, can’t claim for HRA.
  • Bank has permitted 9% or 8% or 7% HRA, based on the place of the position of an employee.

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Travelling Allowances:

Travelling Allowances are given to the employees for the office purpose. Employees are paid travelling charges from home to office. Also if employees are going from office work, he/ she will be paid Travelling Allowances.

Medical Benefits:

Specialist Officers are also given Medical Allowances. Employees are paid medical expenses per month as well as Medical and Health Insurance.

CCA (City Compensatory Allowance):

  • City Compensatory Allowance is a fully taxable component of remuneration offered to employees for working in big metropolitan cities/
  • This is fixed amount rather than calculated on basic IBPS SO IT Salary.
  • CCA for bank SO is generally 4%, 3% or 0%, based on place of position.

Special Allowances:

  • Special allowances are offered to only Scale-1 officers (7.75%).
  • Scale-2 is exempted from this advantage.

Bonus:

Bonuses are given to employees on some occasion or according to their performance. Any employee can’t claim for Bonus.

Provident Funds:

  • Provident Funds are like Provident Funds. This is an equal amount collected by employee and employer per month.
  • This equal amount of money is collected in the Provident Funds of employee.
  • Officers can get the money when he/ she leave the bank and continue this account in another Organization.

Bank employees are also given other benefits apart from the mentioned above. Employees are given less interest on loan, house loan, easily loan approval.

Read Also: Career in Banking Sector in India

IBPS SO IT Officer Salary In Hand:

Every year, the authorities of Institute of Banking Personnel Selection issued many recruitment notifications in order to recruit eligible candidates on various vacant posts and massive number of candidates applies for these posts.

Do you know the main reason behind why everyone have dream to get jobs in banking sector?  The main cause that candidates want to get recruited in banking sector is the salary provided by Banks is attractive and satisfying.

Along with the basic salary candidates also get further benefits as we have mentioned above. the amount of pay and perks are decided by the government norms. The starting salary of an IBPS Specialist Officer is around 30500 INR in rural cities.

Total Salary for IBPS SO Officer:

The IBPS SO Pay Scale 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.

IBPS Specialist Officer Salary: Allowances And Benefits
AllowancesValues
Dearness Allowances (DA)36 percent of Basic (Rs 8605.88)
House Rent Allowances (HRA)7-9 percent of Basic
Special Allowances7.75 percent
City Compensatory Allowances (CCA)0, 3, or 4 percent
Provident Fund (PF) ContributionRs 3000-3500

IBPS SO IT Officer Salary:

IBPS SO IT Officer Salary In Hand details are provided here must have a glance and get complete details about IBPS SO IT Officer Scale 1 Salary…

Name of PostsPay Scale
Officer Scale I23700 – 980(7) – 30560 – 1145(2) – 32850 – 1310 (7) – 42020.
Officer Scale II31705 – 1145(1) – 32850 – 1310(10) – 45950
Office Scale III42020 – 1310(5) – 48570 – 1460(2) – 51490
Office Assistant(MP)11765 – 655(3) – 13730 – 815(3) – 16175 – 980(4) – 20095 – 1145(7) – 28110 – 2120(1) – 30230 – 1310(1) – 31540.

Salary Of IBPS SO Officer:

Name of PostsApproximate Emoluments per Month inclusive DA and HRA at Current Rate (At present, the total starting emoluments are approximately)
Office Scale IIIRs. 64600/- per month inclusive of DA and HRA at the current rate.
Officer Scale IIRs. 48800/- per month inclusive of DA and HRA at the current rate.
Officer Scale I36400/- per month inclusive of DA and HRA at the current rate.
Office Assistant(MP)Rs. 18100/- per month inclusive of DA and HRA at the current rate.

Do You Know: How to Get A Bank Job In India

IBPS SO Agriculture Officer Salary

  • Scale I Salary: Rs. 23700-42020/-
  • In-hand Salary: Rs. 33000-35000/-

IBPS SO HR Salary

Assets IBPS Specialist Officer Salary
Basic Pay23700.00
Special Allowance1836.75
DA10163.63
CCA870
Transport Allowance
Total (without HRA)36570.38
HRA2133.00
Gross with HRA38703.38
Medical Aid8000
Entertainment500
Newspaper300
Petrol3000
Telephone400
Canteen Subsidy400
Pension Contribution2500
Gross Annual CTC5,57,640.52

IBPS SO Marketing Officer Salary

Basic PayAnnual IncrementNumber of Years
Rs. 14,5006007
Rs. 18,7007002
Rs. 20,1008007
Rs. 25,700

Do You Know: How to Negotiate Salary with HR

Final Note:

All details about IBPS Specialist Officer Salary 2019 are placed on this page. Keep visiting our portal www.recruitmentinboxx.com for receiving more updates concerning IBPS SO Salary 2019 and latest banking recruitment notification etc.

If you want to send any feedback regarding IBPS Po Vs SO Salary, then you can leave their comment in below stated comment box. Follow us on social media like FB, Google plus and get updated details about IBPS SO And PO Salary on your timeline wall. Thank You…

You May Also Like To Check This Section

IBPS SO Score CardIBPS SO Admit Card
IBPS SO NotificationBest Books Recommended for IBPS SO
IBPS Specialist Officer RecruitmentIBPS SO Eligibility Criteria
IBPS Specialist Officer Question PaperIBPS SO Syllabus

6 comments

  1. Hello my friend! I want to say that this article is awesome, nice written and include approximately all vital infos. I would like to see more posts like this.

  2. Hello sir, I want to know what is the take home salary of IBPS SO scale 1 in 2017 including Basic DA HRA CCA. And how many years will it take to get promoted to scale 2.

  3. Hi Sir,. I wish to know after qualifying specialist officer, do I got the job in branch or ho.

  4. Sir please clarify the salary per month

  5. Sir please clarify the monthly in hand salary and package per annum details for the post of ibps IT Officer

  6. Sir please clarify the monthly in hand salary and package per annum details for the post of ibps so AfO.

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