IBPS SO Salary 2024, In Hand Salary, Job Profile and Perks

The Institute of Banking Personnel Selection (IBPS) Specialist Officer (SO) position is one of the most demanded professional positions in banking jobs in India, offering competitive compensation and excellent career growth opportunities. For candidates aspiring to join public sector banks as specialists, understanding the IBPS SO salary structure, in-hand pay, job responsibilities and additional benefits is crucial for making an informed career decision. IBPS SO Salary 2024 package, which includes various allowances and perks along with the basic pay, makes it an attractive career option for banking professionals across different specializations.

IBPS SO Salary 2024

The IBPS SO Salary 2024 after the 12th Bipartite Settlement is the same all across the participating banks. The short notice of IBPS SO Notification 2024 has been released for Specialist Officers across the major public sector banks. The candidates willing to approach this vacancy can know all the details of IBPS SO Salary 2024 in this post.

The net IBPS SO Salary 2024 is on the pay scale: Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920. Along with the salary selected candidates will be getting add-on allowances. Some influential allowances include HRA, Special Allowances, Dearness Allowances, Rent Allowances, and more.

IBPS SO Salary: Overview

The IBPS SO Salary is a must for being motivated for IBPS SO 2024. Here in this article, we have covered all the information on IBPS SO Salary 2024.

IBPS SO Salary Structure 2024

The net IBPS SO Salary 2024 includes the basic pay along with the perks and allowances. After the implementation of the 12th Bipartite Settlement, the pay scale has been, Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920. The In-Hand Salary that a candidate receives as a Specialist Officer in the public sector bank is in the range of Rs. 55,000-Rs. 60,000, depending upon the place of posting.

IBPS SO Salary: Allowances

The IBPS SO Allowances are added to the basic pay of IBPS SO Salary. The candidates are paid allowances to maintain their lifestyle and to account for any other expenditures related to the job. Here are details related to the allowances related to IBPS SO 2024 Salary.

• House Rent Allowance
• City Compensatory Allowance
• Special Allowance
• Conveyance Allowance
• Dearness Allowance
• Leave Travel Allowance
• Medical Allowance
• Entertainment Allowance
• Newspaper Allowance
• Lease Allowance

IBPS SO Salary: Perks

Along with the allowances that are given to selected candidates. Many perks are added with the job of IBPS SO 2024. The biggest perk is working in a public sector bank in a field of one’s specialization. As a part of overall life as IBPS SO 2024 there are a few perks with the job like Leave policy, Leave Travel Allowance, Holiday Homes, Conveyance allowance,  Newspaper allowance, etc.

IBPS SO Exam Analysis 2024, 9 November 2024 Shift 1

IBPS SO 2024 Job Profile

The details on the job profile are important to be inspired for the examination. The candidates must have some idea about the job profile and responsibilities. The job profile for posts like IT Officer, Marketing Officer, Field Officer, Agriculture Officer, etc is mentioned below. 

IBPS SO Promotion Policy

Upon selection, all qualified candidates appointed to Scale-I and Scale-II positions will engage in training, workshops, and assessments designed to enhance their skill set and competence. These initiatives are geared towards fostering career growth and enabling candidates to become eligible for advancements within IBPS SO. Progression within the organization is merit-based, primarily determined by work performance, allowing IBPS SO professionals to elevate their career trajectories and elevate their quality of life. The subsequent hierarchy outlines the sequential advancement structure observed in IBPS SO promotions.

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