IBPS Specialist Officer Salary
Know 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):
|Agricultural Field Officer||Scale-I|
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.
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 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.
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
Bonuses are given to employees on some occasion or according to their performance. Any employee can’t claim for Bonus.
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
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/-|
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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|