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SBI SO Salary 2024, Salary Structure, Perks and Allowances

The SBI SO Salary 2024 offers a lucrative pay package with numerous perks and allowances, making it a highly desirable position. The State Bank of India provides an attractive salary structure for Specialist Officers (SO), including basic pay, various allowances like HRA and DA, as well as additional benefits such as medical insurance, pension plans, and performance-based incentives. These financial rewards and extra benefits make the role of an SBI SO both prestigious and fulfilling, attracting thousands of candidates each year.

SBI SO Salary 2024

State Bank of India offers a lucrative salary to the employees designated for the position of Specialist Officer including the basic pay and the allowances. The scale of pay varies Grade-wise for the regular as well as contractual posts such as Deputy Manager, IT Officer, Relationship Manager, Vice President, etc. Aspirants can refer to the given article for the detailed SBI Specialist Officer Salary 2024, Perks, Allowances, Job Profile, and Career Growth.

Also Read, SBI SO Admit Card 2024

SBI SO Salary Structure

The table below provides a detailed breakdown of the SBI SO Salary Structure 2024, categorized by different positions. It offers candidates complete information on the salary packages along with grade and scale of pay.

SBI SO Salary 2024: Salary Structure
Grade(Regular Position) Pay Scale
JMGS I Basic Pay: 36000-1490/7-46430-1740/2-49910-1990/7/-63840
MMGS II Basic Pay: 48170-1740/1-49910-1990/10-69810
MMGS III Basic Pay: 63840-1990/5-73790-2220/2-78230
SMGS IV Basic Pay: 76010-2220/4-84890-2500/2-89890
SMGS V Basic Pay: 89890-2500/2-94890-2730/2-100350

The Annual Cost to Company (CTC) is flexible and will be determined based on the candidate’s experience, current earnings in their current job, and the location of their posting. The CTC package consists of 70% fixed components and 30% variable pay. There will be an annual increment in the CTC, with increments of 5%, 6.5%, and 7% for the 1st, 2nd, and 3rd annual increments, respectively.

Also Read, SBI SO Exam Date 2024

SBI SO Salary 2024, Salary Structure, Perks and Allowances_3.1

SBI SO Salary Perks & Benefits

Apart from the salary, there are various perks and allowances provided to SBI SO. Candidates can check below the complete perks & allowances.

  • House Rent Allowance
  • City Compensatory Allowance
  • Special Allowance
  • Leave Travel Allowance
  • Dearness Allowance
  • Conveyance Allowance
  • Medical Allowance
  • Pension Fund
  • Medical Facility

SBI SO Salary: Job Profile & Promotion

Aspirants selected for the position of Specialist Officer in the State Bank of India must be familiar with the job responsibilities. The job profile of SO entirely depends upon the position at which they are designated. The common SBI SO Job Profile has been discussed in the given section.

  • Communicate with the customers and business partners to evaluate and figure out the purpose.
  • As per the business requirements, the specialist officers point out the specific field-related operations.
  • Handle the system/server installation, configuration, and monitoring.
  • If in any of the tasks, there arises any problem, then the specialist officers look into it and solve it.
  • After receiving data from various departments, the specialist officer prepares the status report and submits it to the assigned authority.

SBI SO Exam Analysis 2024, 23 November 2024

SBI SO Salary: Know The Annual Package

State Bank of India offers a lucrative salary to the specialist officers and that is the reason why candidates apply for the esteemed position. The annual package of an SBI SO varies post-wise as the pay scale differs grade-wise. The annual package is also different because of the perks and allowances as it depends on the location of posting, scale, etc. Candidates must have a note of the minimum and maximum annual package for the post they are applying.

SBI SO Salary 2024
Post Grade Annual CTC 
Deputy Vice President- IT Risk Upto Rs 44.00 lacs
Assistant Vice President- IT Risk Upto Rs 38.00 lacs
Deputy Manager (Systems) – Project Management & Delivery MMGS-II Rs. 25.75 lacs
Deputy Manager (Systems) – Infra Support & Cloud Operations
Deputy Manager (Systems) – Networking Operations
Deputy Manager (Systems) – IT Architect
Deputy Manager (Systems) – Information Security
Assistant Manager (System) JMGS-I Rs. 18.67 lacs
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FAQs

What are the Perks and allowances given to SBI SO?

The Perks and allowances given to SBI SO are House Rent Allowance, Special Allowance, etc.

What is SBI SO Salary 2024?

SBI SO Salary 2024 varies grade-wise for the different regular and contractual positions.

What are included in the net SBI SO Salary 2024?

The net SBI SO Salary 2024 comprises basic pay as well as the perks and allowances.

What is the job profile of SBI SO?

The job profile of SBI SO depends on the post for which they have submitted the application form.

What is the SBI SO Annual Package?

The Annual Package of SBI SO depends upon the post as the pay scale differs grade-wise.

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