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 from November 2, 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.
Latest: IBPS SO result for prelims stage is available now. Check all about IBPS SO 2020 cut off .
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
should I get a coaching for ibps po or holding an undergraduate degree can I apply for ibps so ? if not then can I prepare these exams at home and how ?
See if you have undergraduate degree only then you can go for IBPS SO but for some specific posts like I.T. Officer (Scale-I), Agricultural Field Officer (Scale) and Law Officer (Scale I). But they also have some particular eligibility conditions which are described below :-
@I.T. Officer (Scale-1) :-
a) Either you should have passed 4 year Engineering/Technology Degree in Computer Science/Computer Applications/Electronics & Instrumentation/Information Technology/Electronics/Electronics & Communication/Electronics & telecommunications
Post Graduate Degree in Electronics/Electronics & Communication/ Electronics & Tele Communication/Electronics & Instrumentation/ Information Technology/Computer Science/Computer Applications
Graduation with DOEACC ‘B’ level
Agricultural Field Officer (Scale) :-
A candidate should have graduation (4 year) degree in any one of the mentioned courses :-
Agriculture/Veterinary Science/Animal Husbandry/Fishery Science/Agri/Pisciculture/Dairy Science/Marketing & Cooperation/Co-operation & Banking/Agro-Forestry/Forestry/Horticulture/Agricultural/Biotechnology/Agriculture Business Management/Food Science/Food Technology/Dairy Technology/Agricultural Engineering
Law Officer (Scale I) :-
A candidate should have undergraduate degree in Law (LLB) along with mandatory enrolment with Bar Council as an advocate.
For complete details about eligibility criteria for IBPS SO kindly check out the link given below :-
If you want to go for IBPS PO then the correct path of preparation is needed for which any coaching is not needed but your determination and smart planning is needed. You can get complete preparation tips and effective ways for preparing for IBPS PO from the link given below :-
I hope this information helps you.
i have done MBA in SYSTEM can i apply for ibps so IT officer post?
I am providing you a list of the eligibility criteria for IBPS SO IT Officer Post:
- Candidates should have an engineering or technology Degree in Computer Science/ Applications, IT, Electronics, Electronics & Telecommunications, Electronics & Communication or Electronics & Instrumentation
- Aspirants having a PG degree in Computer Science/IT/Computer Application/Electronics and Communication Engineering/Electronics and Telecommunication/ Electronics and Instrumentation are also eligible
- A graduate who has passed DOEACC ‘B’ level can also apply for IBPS SO 2020
I hope it helps.
Best of Luck!
Hello sir, I am a graduate in BE Information Science. Am I eligible for IBPS SO IT officer exam? I dont find Information science option in the application. What can I do?
I hope you ate doing well. About your question,
Basic eligibility for IBPS exam is
- Candidates should have a valid Mark-sheet / Degree
- The certificate which supports that they are graduates on the day they were registered for the exam.
- Computer Literacy: Knowledge of computer operation is a must as IBPS SO exam is conducted online.
- Should be a Citizen of India
- The subject of Nepal or Bhutan
- Tibetan Refugee who came to India before 1st January 1962 with the intention of permanent settlement
Special eligibility for IBPS SO - IT (Grade -1) officer exam is:
- A 4 year long Bachelor’s Degree in Engineering or Technology (BE/ B.Tech) in one of the following branches (only):
- I.e. Computer Science/ Applications
- Information Technology
- Electronics and Telecommunication
- Electronics and Instrumentation
- Electronics and Communication
A Post Graduate Degree in one of the following branches (only) :
- Computer Science/ Applications
- Information Technology
- Electronics and Telecommunication
- Electronics and Instrumentation
- Electronics and Communication
– A graduate who has passed the DOEACC ‘B’ Level i.e. DOEACC (Department of Electronics and Accreditation of Computer Classes) ‘B’ Level is a government recognised course that is considered equivalent to an MCA degree course.
The examination for this course is conducted by NIELIT.
So yes you are Applicable for this exam.
Hope this helps all the best...
Hello, I have completed my M.COM in business management from distance education Mumbai university. can I apply for IBPS SO (HR)? If yes then for which I am eligible for Personnel management,HR,HRD? Plz guide me.
HR/ Personnel Officer (Scale I)-
- A graduate with 2-years full-time PG degree or diploma in Personnel Management, Industrial Relations, HR, HRD, Social Work or Labor Law can apply for this post.
- There are total 35 vacancies for this post.
*Registration will start from 2nd November.
*For more information, visit IBPS offical website- https://www.ibps.in/
Best of Luck!!
sir i am doing mba major in finance and minor hr.i am eligible for ibps so for the post of HR officer
The eligibility for IBPS SO for the post of HR office is
The candidate should have a graduation degree.
Two years full time post graduation degree in personal management / labour laws /industrial relations/ HR/ HRD / social work.
Or two year full time post graduate diploma in personal management / industrial relations / HR / HRD / Social work/ labour law.
Since you are doing MBA from finance major and HR minor you are not eligible for this post because eligibility criteria specifically mentioned the full time course and here HR is a minor subject. Even if you cleared 2 phases , during interview you may not be selected .
But here is one option for you to become eligible for this post . If you could ask your college to make an affidavit mentioning that the course of finance and HR which you have pursued from that college gives equal weight age to both the subjects. Presenting this affidavit in the interview or at the time of document validation could make authorities to consider you eligible.
Otherwise there are many better opportunities which you can consider . You can prepare for govt. Job which require finance as a subject in MBA.
Hope this helps.