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Home / Salary Structure / IBPS Specialist Officer Salary 2017 GET IBPS SO (Scale 1, 2) Pay Package

IBPS Specialist Officer Salary 2017 GET IBPS SO (Scale 1, 2) Pay Package

IBPS Specialist Officer Salary

IBPS Specialist Officer SalaryKnow hikes in IBPS Specialist Officer Salary !!! If you want to work as IBPS SO and still don’t know Specialist Officer Scale 1 & 2 Pay Scale, please look here. You can’t imagine current IBPS SO (Scale 1, 2) Pay Package as it is revised by the 7th Pay Commission. To get details about IBPS Specialist Officer Salary 2017, you need to go through this page completely.

Apart from IBPS SO salary, Specialist Officer are also paid so many perks and allowances such as DA, HRA, Bonus, TA and Medical Benefits etc. You need to go through this page completely that is well furnished by the team of www.recruitmentinboxx.com to know more about IBPS SO Salary Structure or IBPS Specialist Officer Pay Scale.

The Institute of Banking Personal Selection is also known IBPS and it is an independent recruiting organization. It hires 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 for recruiting candidates, where aptitude questions are provided to examinees.

IBPS Specialist Officer Salary

Salary for post of Specialist Officer Scale 1 & 2 is provided here:

Officer JMG Scale I Rs. 14500 600/7 18700 700/2 20100 800/7 – 25700/-
Officer MMG Scale II Rs. 19400 700/1 20100 800/10 – 28100/-

Also Check: IBPS PO Salary Package

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

I.T. Officer Scale-I
Agricultural Field Officer Scale-I
Rajbhasha Adhikari Scale-I
Law Officer Scale-I
HR/Personnel Officer Scale-I
Marketing Officer Scale-I
I.T. Officer Scale-II
Law Officer Scale-II
Chartered Accountant Scale-II

To Know More About Bank Salary Structure: Hit Here

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.

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 basic pay.

House Rent Allowances:

House Rent Allowances are given to the employees to pay their accommodation rent. Basically it is included in the salary structure of employees but those, who are having their own houses, can’t claim for HRA.

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.

Also Check: IBPS Clerk Salary Package

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.

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.

Basic pay Basic pay is same irrespective of the city of appointment. It is INR 23700 that is from June 1,
HRA This is paid @ 9.0% or 8.0% or 7.0%   depending on the place of posting
DA As per the latest CPI released by the gov. the DA amount is INR 8605.88.
Special Allowance For scale I it is paid @ rate of 7.75%
Perks Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. 4,130
Least Accommodation Least Accommodation is up to Rs 29500, this is provided in lieu of HRA
CCA This is paid @ 4%, 3% or 0% depending on the place of posting

Office Salary Scale:

Name of Posts Pay Scale
Officer Scale I 23700 – 980(7) – 30560 – 1145(2) – 32850 – 1310 (7) – 42020.
Officer Scale II 31705 – 1145(1) – 32850 – 1310(10) – 45950
Office Scale III

42020 – 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.

Also Check: IBPS Specialist Officer Eligibility Criteria

Remuneration for Office:

Name of Posts Approximate Emoluments per Month inclusive DA and HRA at Current Rate (At present, the total starting emoluments are approximately)
Office Scale III Rs. 64600/- per month inclusive of DA and HRA at the current rate.
Officer Scale II Rs. 48800/- per month inclusive of DA and HRA at the current rate.
Officer Scale I 36400/- 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.

Specialist Officer Revised Salary after 7th Pay Commission:

Salary of Government workers has been increased upto 40% after 7th Pay Commission. You may checkout the below given table to know the increment in Metro Cities, State Capital and District Level and Rural Areas.

Assets Metro Cities (State Capital etc.) (District Level and Rural Areas)
Basic Pay Rs. 14500/- Rs. 14500/- Rs. 14500/-
Dearness Allowance Rs. 14485.5/- Rs. 14485.5/- Rs. 14485.5/-
CCA Rs. 540/- Rs. 375/-  —
Total Salary (Excluding HRA) Rs. 29525.5/- Rs. 29360.5/- Rs. 28985.5/-
HRA Rs. 1232.50/- Rs. 1087.50/- Rs. 942.50/-
Total Salary (including HRA Rs. 30758/- Rs. 30448/- Rs. 29927.5/-

Candidates if you have any query about IBPS Specialist Officer Salary 2017 then you can drop comment in comment box. You can also join us on Facebook and Google Plus to get related details openly to your wall. You may also subscribe our Email service which is completely free.

You may also like to check this Section:

IBPS Notification IBPS SO Notification
IBPS Exam Calendar 2017 Public Sector Banks
List Of Banks Under IBPS Career In Banking

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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. Parimala donkada

    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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