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SBI SO Salary | 2018 Specialist Cadre Officer Pay Scale Per Month – Inhand Salaries

SBI Specialist Officer Salary

Working with State Bank of India is like working with the bank leader!!! Before applying for SBI SO Recruitment, one must aware of SBI SO Salary. So here we have provided Specialist Cadre Officer Pay Scale Per Month and Inhand Salaries.

Along with the SBI SO Salary 2018, the State Bank of India also provides bucket of benefits which is well discussed below. The Inhand SBI Specialist Officer Salary is above 40k. Selected candidates can earn four increments after qualifying JAIIB and CAIIB exams.

SBI Specialist Officer Salary 2018

Those who are looking for further details of SBI SO Salary 2018 they can go through below section of this page which is well created by the dedicated team members of www.recruitmentinboxx.com

SBI SO Salary

SBI has its five associates named as State Bank of Bikaner & Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT).

Read About: Career in Banking Sector In India

These associates offer Vacancies in 5 grade scales along with this, SBI SO Pay Scale for each grade is different and it varies from Rs.14500 to Rs.40400. The SBI SO Salary depends on post and grade. State Bank of India Specialist Officer Salary is mentioned below for Officer Scale I and Officer Scale II and Officer Scale III:

Officer Scale IOfficer Scale IIOfficer Scale III
Rs. 23700-980(7)-30560-1145(2)-32850-1310(7)-42020Rs. 31705-1145(1)-32850-1310(10)-45950.Rs. 42020-1310(5)-48570-1460(2)-51490.
The approx. SBI SO Salary Cash in hand of Officer Scale 1 after appointment will be around Rs. 24000-32000/-.For officer scale 2, minimum 2-3 years experience in the respective field depending on the post is desired.The basis salary for the Officer scale III is Rs. 42020-1310/- that will be provided by the state bank of India.
SO salary structure means the basic pay will be Rs. 31705 for officer MMG Scale 2

Get Online Challan Slip: SBI Challan Form

SBI SO Pay Scale as per the post:

Here in the below table we have provided information related to various pay scales:

Grade ScalePay Scale (in Rs.)
JMGS-I: (Junior Management Grade

Scale – I)

14,500-600/7-18,700-700/220,

100-800/7-25,700

MMGS-II: (Middle Management Grade

Scale – II)

19,400-700/1-20, 100-800/

10-28,100

MMGS-III: (Middle Management Grade

Scale – III)

25,700-800/5-29, 700-900/

2-31,500

SMGS-IV: (Senior Management Grade

Scale –IV)

30,600-900/4-34, 200-1000/

2-36,200

SMGS-V: (Senior Management Grade

Scale –V)

36,200-1000/2-38200-1100/

2-40400

Check Pay Scale After Revision: Bank Salary Structure

SBI SO Salary after 7th Pay Commission:

From below table, candidates will be able to know the increment of SBI Salary in Metro Cities, State Capital and District Level and Rural Areas.

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/-
CCARs. 540/-Rs. 375/-
Total Salary (Excluding HRA)Rs. 29525.5/-Rs. 29360.5/-Rs. 28985.5/-
HRARs.1232.50/-Rs. 1087.50/-Rs. 942.50/-
Total Salary (including HRARs. 30758/-Rs. 30448/-Rs. 29927.5/-

Do You Know: How to Get Direct Recruitment in Private Banks

Promotion in SBI:

State Bank of India conducts recruitment process every year to recruit eligible aspirants to fill the vacant positions. And after that according to their work and ability they will be promoted to the higher level posts. In below table we have listed scale 1 to scale 7 positions. Have a look below…

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

Get More: Upcoming Bank Jobs

Other benefits apart from SBI SO Salary

State Bank of India provide bucket of benefits including Dearness, Petrol, News Paper and Furniture allowances. All the below stated allowances are inclusive of leased accommodation at Rs 20,000 per month in metros.

SBI offers Rs. 8 Lac annual CTC for entry level position which is considered to be the best in industry.

  • Medical Aid for self (100%) and for family (75%)
  • Home Travel Concession/Leave Fare Concession
  • Concession Interest Rates for Housing/Car/Personal Loans

Also Know Here: How To Negotiate Salary With HR

Career Growth as SBI SO

Career growth in Specialist Officers post tends to rise slowly as it has limited career growth. After promotion candidates will be posted at Law, Civil or Electrical positions. These positions are lower in comparison to Generalist (Banking) Officers.

Last Note:

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