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%.
|Assets||Metro Cities||(State Capital etc.)||(District Level|
and Rural Areas)
|CCA (3% to 4% Max. Rs540/-)||Rs.540/-||Rs.375/-||—-|
|Total Salary Of IBPS SO|
|HRA – 8.5% ; 7.5%; 6.5%*||Rs.1232.50/-||Rs.1087.50/-||Rs.942.50/-|
|Total IBPS SO 2019 Salary|
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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 Bank||Andhra Bank|
|Bank of Baroda||Bank of India|
|Bank of Maharashtra||Central Bank of India|
|Canara Bank||Corporation Bank|
|Dena Bank||IDBI Bank|
|Indian Overseas Bank||Oriental Bank of Commerce|
|Punjab National Bank||Punjab & Sind Bank|
|Syndicate Bank||UCO Bank|
|Union Bank of India||United Bank of India|
|Vijaya Bank||Indian 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 II||Rs 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):
|Agricultural Field Officer||Scale-I|
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.
- 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.
- 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 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.
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 are offered to only Scale-1 officers (7.75%).
- Scale-2 is exempted from this advantage.
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.
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|
|Dearness Allowances (DA)||36 percent of Basic (Rs 8605.88)|
|House Rent Allowances (HRA)||7-9 percent of Basic|
|Special Allowances||7.75 percent|
|City Compensatory Allowances (CCA)||0, 3, or 4 percent|
|Provident Fund (PF) Contribution||Rs 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 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.|
Salary Of IBPS SO Officer:
|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.|
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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|
|Total (without HRA)||36570.38|
|Gross with HRA||38703.38|
|Gross Annual CTC||5,57,640.52|
IBPS SO Marketing Officer Salary
|Basic Pay||Annual Increment||Number of Years|
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