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Bank of Baroda Salary 2025, Job Profile, Deductions And Benefits

Bank of Baroda has announced recruitment for Specialist Officer (SO) posts, which will offer attractive salary packages. Candidates interested in this recruitment are given complete information about Bank of Baroda SO Salary 2025, job profile, salary deductions and additional benefits. The SO post involves responsibilities and various facilities related to the banking sector. The special salary structure makes it more attractive. This post offers professional growth and better career opportunities.

Bank of Baroda Salary 2025

The Bank of Baroda SO Salary 2024 offers a competitive structure ranging from Rs. 48,480 to Rs. 85,920, depending on the grade and scale of the Specialist Officer position. Along with the basic salary, employees receive various allowances such as DA, HRA, CCA, and performance-linked incentives. Additionally, perks like medical benefits, gratuity, and retirement benefits further enhance the compensation package.

BOB Salary 2025 Overview

This article provides complete information about the salary structure, along with detailed insights into allowances and benefits.

Bank of Baroda SO Salary 2025
Organization Bank of Baroda
Exam Name Bank of Baroda SO Exam 2025
Post Specialist Officer (SO)
Vacancy 1267
Category Salary
Basic Pay According to the post
Pay Scale According to the post
Application Mode Online
Official Website @bankofbaroda.in
WhatsApp Official Channel Join WhatsApp Channel
Telegram Official Channel Join Telegram Channel

Bank of Baroda Salary 2025 Pay Scale

The Bank of Baroda Pay Scale 2025 offers a well-structured and rewarding salary framework designed to recognize expertise and experience across various grades. With competitive pay and regular increments, the scale ensures financial growth and stability for Specialist Officers, making it an attractive career option in the banking sector.

Grade/Scale Basic Pay (Rs.) Increment (Rs.) Stages
Maximum Pay (Rs.)
JMG/S – I 48,480 2,000 (7 stages) 2,340 (2 stages) 85,920
MMG/S – II 64,820 2,340 (1 stage) 2,680 (10 stages) 93,960
MMG/S – III 85,920 2,680 (5 stages) 2,980 (2 stages) 1,05,280
SMG/S – IV 1,02,300 2,980 (4 stages) 3,360 (2 stages) 1,20,940
SMG/S – V 1,20,940 3,360 (4 stages) 3,680 (2 stages) 1,35,020

Bank of Baroda Salary 2025 Allowance And Benefits

Bank of Baroda offers its specialist officers a variety of allowances and benefits to ensure financial security and enhance job satisfaction. Dearness Allowance (DA) helps manage the cost of living, while Special Allowance provides additional compensation for specific tasks. Employees also receive House Rent Allowance (HRA) if they are not living in the official bank quarters. City Compensatory Allowance (CCA) is given to those posted in expensive cities. The bank also offers medical assistance to help cover healthcare costs, as well as Leave Travel Concession (LTC) for reimbursement on trips during leave. Conveyance Allowance helps with travel expenses, and employees have the option to avail the Quarters facility, where they can live in bank-provided accommodation instead of receiving HRA. These allowances and perks contribute to the overall financial well-being and comfort of employees.

Allowance/Benefit
Description
Dearness Allowance (DA)
Provides financial relief against rising living costs.
Special Allowance
Compensation for undertaking additional roles or duties.
House Rent Allowance (HRA)
Assistance for renting accommodation if official quarters are not used.
City Compensatory Allowance (CCA)
Extra financial support for employees stationed in expensive cities.
Medical Assistance
Helps cover expenses related to healthcare and medical needs.
Leave Travel Concession (LTC)
Allows reimbursement for travel during approved leave periods.
Travel Allowance
Covers transportation expenses for work-related travel or daily commuting.
Housing Facility
Option to reside in bank-provided accommodation instead of claiming HRA.

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FAQs

Are there any additional benefits besides the salary for Bank of Baroda SOs?

Yes, Bank of Baroda SOs enjoy additional benefits such as medical assistance, leave travel concession (LTC), travel allowance, and the option of living in bank-provided quarters.

Is the salary offered for Bank of Baroda SO positions competitive?

Yes, the salary offered for Bank of Baroda SO positions is competitive, with regular increments, allowances, and benefits making it an attractive compensation package for employees.

What is the highest possible pay in the Bank of Baroda SO pay scale?

The highest possible pay is Rs. 1,35,020, which is for the SMG/S-V grade.

What is the maximum pay for an SO in the JMG/S-I scale?

The maximum pay for an SO in the JMG/S-I scale is Rs. 85,920.

Is there an option for Bank of Baroda SOs to live in bank-provided accommodation?

Yes, Bank of Baroda SOs can opt for bank-provided accommodation in lieu of House Rent Allowance (HRA).

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