IBPS SO Salary 2022: Salary Structure, Salary Slip, In hand Salary, Promotion, Allowance

IBPS SO Salary 2022: The Institute of Banking Personnel Selection (IBPS) is a self-governing organisation that acts as a Personal Selection Body for nationalised and rural banks. Every year, the IBPS SO examination is held to fill the position of Specialist Officer in the categories listed in this article. An employee’s IBPS SO Salary is extremely lucrative.

Despite the fact that the IBPS SO notification for 2022 has not yet been released, all of the information in this article is based on previous trends. IBPS SO Salary is one of many factors that motivate applicants to prepare for the post of Specialist Officer. A applicant must have a thorough understanding of the salary structure established by the 7th Pay Commission, which he or she will receive after being selected, as this will motivate them to work even harder to meet their goals. Any suggested changes in the upcoming notification for 2022 will be updated here.

  • Before applying for a position, many applicants research the salary, job profile, and opportunities for advancement.
  • If you’re looking for something similar, you’ve come to the right place. IBPS SO recruitment notification 2022 will be released soon by the Institute of Banking Personnel Selection.

The table below lists the 6 positions for which IBPS SO Recruitment 2022 has been announced.

1. I.T. Officer (Scale I)
2. Agricultural Field Officer (Scale I)
3. Rajbhasha Adhikari (Scale I)
4. Law Officer (Scale I)
5. HR/Personnel Officer (Scale I)
6. Marketing Officer (Scale I)

IBPS SO Salary 2022: Overview

Before continuing, applicants should review the IBPS SO 2022 overview for more information on the IBPS SO Salary Structure.

Exam NameIBPS Specialist Officer Recruitment
Conducting BodyInstitute of Banking Personnel Selection
Frequency of ConductionOnce a Year
VacanciesTo be announced
Application ModeOnline
Mode of Fee PaymentOnline
Mode of Exam ConductionComputer-Based Mode (CBT)
Official Websiteibps.in
Gross SalaryRs.38000-Rs.39000
IBPS SO 2022 Pay Scales23, 700 – 980/ 7 – 30,560 – 1,145/ 2 – 32,850 – 1,310/ 7 – 42,020
Dearness Allowance associated with IBPS SO salary 20236% of Basic Pay
City Compensatory Allowance3%-4% depending on the place of posting
House Rent Allowance as per IBPS SO 2022 Salary7%-9% depends on place posted

IBPS SO Salary In Hand

Successful IBPS SO applicants will be assigned to the Junior Management Grade Scale I Cadre. The pay scale for all of the positions is roughly the same. The table below depicts the IBPS SO 2022 In-Hand Salary following the 7th Pay Commission.

The basic pay for IBPS SO is Rs 23,700. IBPS SO has a pay scale of 23700-980(7)-30560-1145(2)-32850-1310(7)-42020.

Dearness Allowance36% Approx. Rs 8600/
House Rent AllowanceAs per the place of posting of the applicant, it is between 7% to 9%.
Special AllowanceIt is the incentive or performance-based bonus given to each employee.
It is about 7.75% of DA+Basic.
City Compensatory AllowanceAs per the place of posting of the applicant, it is between 0% to 4%
Lease AllowanceIn place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting.
PF ContributionIt varies between Rs 3000/ to Rs 3500/
In-Hand SalaryThe gross salary of IBPS SO is Rs 38000/ to Rs 39000. After all the deductions, the employee gets
Rs 33000/ to Rs 35000/ as an IBPS SO.

IBPS SO Salaries for Several Positions of 2022

PostIn-Hand Salary (Payscale 1)In-Hand Salary (Pay Scale 2)
It OfficerRs. 24000- Rs.32000Rs. 34000- Rs. 40000
Rajbhasha AdhikariRs. 24000- Rs.32000Rs. 34000- Rs. 40000
Agriculture OfficerRs. 24000- Rs.32000Rs. 34000- Rs. 40000
HR OfficerRs. 24000- Rs.32000Rs. 34000- Rs. 40000
Law OfficerRs. 24000- Rs.32000Rs. 34000- Rs. 40000
Marketing OfficerRs. 24000- Rs.32000Rs. 34000- Rs. 40000

After subtracting multiple factors from the gross salary, the in-hand salary is computed. The gross salary ranges from Rs. 38000 to Rs. 39000, so after all deductions, the Officer’s Take Home Salary Slip is in the range of Rs. 33000 to Rs. 32000.

IBPS SO Salary: Job Profile

The work that each Specialist Officer does varies depending on the post. The types of works that each of them does are listed below.

PostWork Profile
Agriculture Field OfficerPromoting rural banking and generating leads. Recognize the basic and financial needs of people living in rural areas. Collaboration with other RRBs, NABARD, and other groups. Loan recovery and inspection in rural areas.
IT OfficerTake care of the banking system’s core. Manage the banking system’s technical issues. Create and update the software. To avoid cybercrime, keep an eye on the bank’s security systems.
Rajbhasha AdhikariCheck for errors and translate important documents used in the banking industry. Organizing and conducting language-related workshops. Employees should be promoted and trained in the local language.
Law OfficerHandle all of the bank’s legal matters. In the event that a lawsuit is filed, represent the bank. Keep an eye on the banking system’s errors and authenticity.
HR/Personnel OfficerEmployee database upkeep is required. Managing the recruitment process. Employee performance and evaluation. All employees’ welfare schemes, promotions, and compensation are designed.
Marketing OfficerMarketing and promotional activities by state or region. Profits can be increased by using cost-effective methods. Promoting his bank, gaining new customers, and bringing in new business deals are all goals he has set for himself.

Benefits apart from Salary

Apart from the salary, there are numerous benefits available, including the following:

  • Housing- House Rent Allowance (HRA) is included in the salary package for SOs hired through the exam. HRA pays for an officer’s living expenses, which vary depending on where he or she is stationed.
  • The annual compensation packages for SOs range from Rs. 7.55 lakhs to Rs. 12.93 lakhs, depending on the post and its location, as well as other factors.
  • Newspaper Allowance- The costs of a newspaper are included in the Officer’s allowance.
  • Conveyance Allowance- This allowance is based on the availability of the Officer’s vehicle (two-wheeler or four-wheeler). Each month, the officer receives a set amount of fuel and other vehicle maintenance allowance.
  • LTC (Leave Travel Concession) is a benefit that an officer can use if necessary. It is given at the discretion of the employer.
  • Allowances like Entertainment Allowance and Furniture Allowance are taken care of as well.
  • Leave policy- Officers hired through the exam are allowed to take as many leaves as they wish, subject to the policies of the banks to which they have been assigned. Casual leaves, privilege leaves, and any medical leaves are among the options available to them. Women Specialist Officers can also take a six-month maternity leave. Women or single men with elderly parents or children who have been posted can also take a two-year sabbatical leave.
  • Holiday Homes- Bank employees’ guest houses and vacation homes are available to officers stationed in major cities and tourist destinations.
  • Constant Training and Development- Because the positions are intellectually demanding, the banks train their SOs on a routine basis to maintain standards to date on the industry’s technicalities and nuances.

Specialist Officers hired through IBPS must serve on probation for at least a year to ensure that they are familiar with the job and its responsibilities. During this time, they have received extensive training and mentoring in the nuances of banking and their position. Through IBPS officers, all employees receive fair and transparent evaluations. There are numerous opportunities for advancement, and the Officer can progress to the top management level via departmental exams and internal promotions. Officers may be assigned to foreign postings on occasion.

Promotion Policy for IBPS SO Bank Officers 2022

IBPS officers are promoted based on the scales listed in the table below –

ScalePromotion HierarchyExperience (Min)Length of Service (Min)Length of Service (Max)
JMG Scale – I –  MMG Scale -IIMerit/Fast Track31
MMG Scale – II – MMG Scale – IIIMerit/Fast Track31
MMG Scale – III – SMG – IVMerit/Fast Track31
SMG Scale – IV – SMG – VMerit/Fast Track3112
Scale – V – Scale – VIMerit/Fast Track3115
Scale – VI – Scale – VIIMerit/Fast Track3118
JMG Scale – I- MMG Scale -IINormal / Seniority 51
MMG Scale – II –  MMG Scale – IIINormal / Seniority51

IBPS SO Officer Mainstream Cadre Joining After Grade V

The following pointers will help you understand the eligibility criteria and policy promotion for Specialist Officers. A specialist officer is allowed to join the mainstream cadre and is eligible for promotions if they meet the criteria listed below.

  • A specialist officer must serve in the specialised cadre for at least 5 years before being eligible to join the mainstream cadre.
  • A specialised officer must gain two years of field operations experience after joining the mainstream cadre to be eligible for promotion.
  • A specialist officer is exempt from serving in rural areas for a minimum of two years.
  • If a specialist officer joins at a higher scale than JMG 1, such as Scale-II or another, the minimum service length for promotion from Scale-IV to Scale V will now be 9 years rather than 12.

IBPS SO Salary 2022 FAQ’S

IT Officer, Agriculture Officer, Marketing Officer, Human Resources, Law Officer, and Rajbhasha Adhikari are among the positions for which the IBPS SO exam is held.

The posts for IBPS SO and SBI SO are very similar. Their responsibilities and job profiles are also identical in terms of specialisation. The only difference between the IBPS SO salary and the SBI SO salary is that the IBPS SO salary is higher.

Yes, the Interview is the third stage of the IBPS SO exam. The final merit is calculated using the combined marks from the mains examination and the interview.

An IBPS Specialist Officer’s basic pay ranges from Rs.36,300 to Rs.64,600. This salary varies depending on the Officer’s specialisation and pay scale.

Yes, the IBPS SO exam employs a negative marking scheme. For each incorrectly marked answer, 0.25 points are deducted.

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