IBPS SO Salary 2020, Pay Scale, Allowance, Job Profile
IBPS SO Salary 2020 – Institute of Banking Personnel Selection (IBPS) conducts the recruitment test to select Specialist Officers (SO) in various nationalised banks of India. These nationalised banks provide the Specialist Officers with the best remunerations in terms of IBPS SO 2020 salary. Candidates preparing for IBPS SO might be interested in knowing the salary of IBPS SO 2020 recruited employees. Along with the basic pay, an individual appointed as SO receives numerous benefits in terms of allowances and compensations associated with the post making the life of IBPS SO very much financially secure. Candidates meeting the IBPS SO eligibility criteria 2020 can fill the application form tentatively from November 1, 2020 in online mode. The IBPS SO application form 2020 are to be filled by candidates aspiring to join nationalised banks of repute in Scale I posts for I.T. Officer, Agricultural Field Officer, Rajbhasha Adhikari, Law Officer, HR/Personnel Officer and Marketing Officer.
IBPS SO Salary 2020 - Highlights
Gross Salary as per IBPS SO 2020 salary
Rs 38,000 – Rs 39,000
IBPS SO 2020 Pay Scales
23,700 – 980/ 7 – 30,560 – 1,145/ 2 – 32,850 – 1,310/ 7 – 42,020
Dearness Allowance associated with IBPS SO salary 2020
36% of basic pay
City Compensatory Allowance
3% – 4% depending on place of posting
House Rent Allowance as per IBPS SO 2020 salary
7% – 9% depends on place posted
IBPS SO 2020 Salary Other Benefits
Compensation - The total compensation per annum for a SO ranges from 7.55 lakhs to 12.93 lakhs per annum depending on the place of posting and other related factors.
Housing – IBPS SO salary also includes House Rent Allowance (HRA). The HRA is paid for the accommodation expense of an Officer and it does vary as per the place of posting.
Conveyance Allowance – Officers recruited as IBPS SO receive this allowance as per the availability of conveyance (two-wheeler or four-wheeler) they possess. Employees get a fixed amount of fuel and maintenance allowance associated with the vehicle per month.
Newspaper Allowance – Employees receive newspaper allowance too along with the salary of IBPS SO.
Leave policy – The employees recruited through IBPS SO can avail numerous leaves as per the policy of the banks they are posted. Some of the leaves generally are casual leaves, privilege leaves and medical leaves. Moreover, 6-month maternity leave is also permitted to a woman Specialist Officer. Women and single men posted as SO with children or aged parents have the provision to take sabbatical leave of up to 2 years.
Leave travel concession (LTC) – LTC is another benefit apart from the IBPS SO 2020 salary that an employee can avail as per the policy of the bank.
Holiday homes - Employees recruited through IBPS SO are entitled to holiday homes and employees' guest houses of the banks they are posted at major cities and tourist destinations across the country.
Constant training and professional development – All the posts of SO are intellectually demanding one. The Bank trains all their SOs on a regular basis and ensures that they remain updated with the nuances of banking.
IBPS SO Career Path 2020
Officers recruited through IBPS SO have to be on probation for a minimum period of one year. During this probation period, they are provided with numerous training to make them accustomed with the nuances of banking associated with the post. Appraisals in all the banks for the employees recruited through IBPS SOs are fair and transparent. A dedicated employee has immense growth opportunities during their tenure as Specialist Officers. An employee recruited as IBPS SO is able to reach top management grade through departmental exams and promotions. Foreign postings in IBPS SO are also available.
IBPS SO 2020 promotion ladder
Scale 1 Officer
Scale 1 Assistant Manager
Scale 2 Manager
Scale 3 Senior Manager
Scale 4 Chief Manager
Scale 5 Assistant General Manager
Scale 6 Deputy General Manager
Scale 7 General Manager
IBPS SO Job Role
An aspirant of IBPS SO 2020 must also know the job responsibilities entrusted along with the post. The job role of an SO are tabled below for all the posts –
IBPS SO 2020 Job Role
IBPS SO Post
Job Role Associated
Look after Bank Software
Oversee Core Banking System of the Bank
Management of Internet Banking, Mobile Banking, ATMs, Kiosks
Security of Bank Network
Manages technological issues of Banking Operations
Agricultural Field Officer
Responsible for promotion of rural banking
Coordinating with RRBs, NABARD and other organisations
Loan inspection and recovery in rural areas
Promoting Official Language
Conducting language-related workshops
Translation of documents
Ensure compliance of RBI norms and regulations
Ensures bank’s engagement is legal w.r.t deals/ contracts
Take care of legal documents/ matters of the bank
Represent bank in case of suits
Provides training to employees
Maintains employee database
Does performance evaluation of employees
Designs welfare schemes, compensations and promotion policies
Conduct region or state wise marketing and promotional activities
Introduce marketing strategies to increase sales and profit
Research for new viable growth aspects
Moreover, it requires mention that the life of Specialist Officers is not only financially secure with the salary of IBPS SO 2020 but also comes with varied mental satisfactions like social status, job security, sense of responsibility to the citizens of the country etc.
Frequently Asked Question (FAQs) - IBPS SO Salary 2020, Pay Scale, Allowance, Job Profile
Question: Will I get any IBPS SO salary during my probation?
Yes. Employees will be entitled to IBPS SO salary 2020 on probation period of one year. Along with the salary certain allowances will also be received during the probation period.
Question: Will I get the same salary as an IBPS SO recruit for all the banks?
No. Though the basic salary is almost same of all the banks for IBPS SO but the allowances and the remunerations are different as per the bank on eis posted.
Question: Who sets the eligibility criteria for IBPS SO?
The IBPS SO eligibility criteria 2020 is set by the exam conducting authority, IBPS to recruit officers in specialist cadre posts for various nationalised banks of India. The eligibility is determined on the basis of nationality, age and educational qualification.
Question: Who provides salary to the IBPS SOs? IBPS or banks?
The banks into which an SO is recruited provides the salary. IBPS is just a recruiting board.
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Questions related to IBPS SO
I have completed my PGDM agribusiness management 2 year full time course ,am i eligible for ibps SO (Marketing post) or (Hr post)?
for ibps SO post the educational qualification for marketing post is , candidates must hold a graduation degree and 2 years pg course on mms (marketing management)/ mba in marketing/ or two year pgdba course in specialization in marketing. since you have pgdm in agribusiness management you are not eligible to apply.
for ibps SO post the educational qualification for HR/personal manager post is, candidate must hold a graduate degree and 2 years pg course on social work/ labour law/ hr management/ personal management/industrial management.
Is 55% marks in LL.B enough for appearing on IBPS SO Law Officer Exam?
there is no marks criteria of llb to appear in ibps so law officer exam
To appear in this exam here is a proper eligibility criterion for law officer job –
Candidate must hold a “University Degree,” i.e. he/she must be a graduate.
Candidate must have an age between 20 to 30 years.
He/she must hold an LLB Bachelor degree and enrolled with Bar Council as an Advocate.
I hope this answer will help !!
all the best for the future!!
i want to know about nimset and preparing for 2021
NIT MCA Common Entrance Test (NIMCET), is the national level entrance exam conducted every year by one of the National Institutes of Technology (NITs) for taking admissions on merit basis to Master of Computer Applications (MCA) programme.
This exam works across the NITs located in Agartala, Allahabad, Kurukshetra, Calicut, Raipur, Warangal, Surathkal, Durgapur, Trichy, Jamshedpur, Bhopal and Kurukshetra.
The application form of NIMCET 2020 will be released soon through which the candidates can fill the form and appear in the entrance exam. NIMCET admit card will also be released to be downloaded by candidates. The exam will be conducted in offline mode and the result of the same will be declared on the official website of NIMCET 2020.
Total 809 seats are available and duration of exam is 2 hours.
NOTE:- NIMCET scores are used by many other universities and institutes for admissions to the MCA programmes offered by them.
You may refer to the source article for more information about NIMCET 2020 Exam.
I hope this information helps you.
qualification is required for IBPS Exam
To be eligible for IBPS PO, you need to be a graduate in any stream. You should have completed your Graduation in any stream from a recognised University. There is no specific discipline that you should be completing your Graduation in. It can be BA, B.Sc, B.Com, B.Tech, etc. You should have computer proficiency.
I complete diploma then I complete 3 years BTECH..... Can I apply ibps so?
Yes, you are eligible for applying for IBPS PO examination. Have a look at Eligiblity criteria.
- Must be An Indian citizen
- Minimum age must be 20
- maximum age is 30
- OBC has 3 years relaxation
- SC/ST has 5 years relaxation
- PWD candidates have 10 yrs relaxation
- J&K domicile students have 5 years relaxation
- Candidate must hold a bachelor's degree from any stream.
- there's no upper attempt limitation