IBPS Specialist Officer Salary 2018, Allowance and Career Growth Opportunities
Every year thousands of vacancies are offered to the aspiring candidate for the IBPS SO, SBI SO and other officer’s post. However thorough preparation is required to bag a seat in IBPS Specialist officer and any of the banks as they are highly esteemed and choose only the best candidate
Institute of Banking Personnel Selection (IBPS) Department organize Specialist officer exam in every year for many various post like IBPS SO IT Officer, IBPS SO Marketing Officer, IBPS SO Law Officer, IBPS SO Agriculture field Officer and IBPS SO HR/Personnel Officer. Many Candidates confused and asking what is salary of IBPS SO Officer? What is job profile and job responsibility of IBPS SO Officers in the bank?
In this article, we are discussed and providing you complete details about the IBPS Specialist Officer Salary and perks with IBPS SO Officer Job Profile details.
IBPS SO Salary Structure 2018 with Details
What Is IBPS SO Basic Pay and Basic Salary – it is that amount which a bank pay to an employee excluding any allowances.
What is IBPS SO Bank Allowances - there are additional expenses given as a percentage of basic salary. There are common types of allowances
Dearness Allowance (DA) – is a cost of living adjustment allowance paid to government employees, public sector Bank employees in India. DA is calculated as a percentage of an Indian citizen’s basic salary to mitigate the impact of inflation on people. The guidelines that the DA vary according to where one lives.
House Rent Allowance (HRA) - HRA is an amount paid by employers to employees as a part of their salaries. It provides employees with tax benefits for what they pay towards accommodation every year. The house rent allowance is regulated by the provisions of section 10(13A) of the IT act.
City Compensatory Allowance (CCA) – is a type of allowance offered by Bank to their employees to compensate for the high cost of living in metropolises and large cites.
IBPS SO Salary 2018 – According to Officers Scale level Post
The Salary of IBPS Specialist officer post is different according to scale I and scale II because different pay scale allotted to the employees.
IBPS SO Post Name
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Officer Scale level
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IBPS SO IT Officer Salary
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Scale - I
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IBPS SO IT Officer Salary
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Scale - II
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IBPS SO Agriculture Field Officer Salary
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Scale - I
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IBPS SO Rajbhasha Adhikari Salary
|
Scale - I
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IBPS SO Law Officer Salary
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Scale - I
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IBPS SO Law Officer Salary
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Scale - II
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IBPS SO HR/Personnel Officer Salary
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Scale - I
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IBPS SO Marketing Officer Salary
|
Scale - I
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IBPS Charted Accountant Salary
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Scale - I
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IBPS Charted Accountant Salary
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Scale - II
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The last revision of 10th bipartite settlement in May 2015 the basic salary of IBPS Specialist officer is are-
IBPS Specialist Officer Scale I Salary
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Rs 23700 -980/7-30560-1145/2-32850-1310/7-42020
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IBPS Specialist Officer Scale II Salary
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Rs 31705-1145/1-32850-1310/10-45950
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IBPS Specialist Officer Scale III Salary
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Rs 42020-1310/5-48570-1460/2-51490
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IBPS Specialist Officer Salary 2018 - In Hand
After Selection in IBPS Specialist Officer Post candidate search information related to the IBPS SO in-Hand Salary. We give you complete information about IBPS SO Salary in this article
What is in hand Salary – in hand salary is an acronym used in India for ‘take home’ pay. This is the amount an employee can expect to receive after all deduction.
Basic Salary
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23700-980(7)-30560-1145(2)-32850-1310(7)-42020
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Dearness Allowance
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It is almost 36% of the basic pay (approx. Rs 8605)
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House Rent Allowance
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According to city of residence of the employee. Per the place of posting 9% or 8% or 7% HRA is paid by the bank
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Special Allowance
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It is based on the performance to employees
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City Compensatory Allowance
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It is based on the city of posting the range of 4%, 3% or 0% high cost of the living for the employee living in metro city
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Lease Allowance
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The in hand salary of IBPS So is Rs 38000-39000/- after deduction the employee get Rs. 33000-35000 as in hand.
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IBPS Specialist Officer Career Growth
In generally the public sector bank follow two channel promotions for officers called seniority and merit bases according to employee work ability and experience. The promotion policy for specialist officer in public sector bank need to complete at least 5 year of service in the specialized cadre to be eligible for promotion as a specialist officer. Promotions are granted on basis of scales of given blow table.
Officer Scale
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Promotion Channel and Minimum Experience
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Promotion
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Junior Management – Scale I
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Normal / Seniority -5
Merit/ Fast Track -3
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Officer/ Assistant Manager
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Junior Management – Scale II
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Normal / Seniority -5
Merit/ Fast Track -3
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Manager
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Middle Management – Scale III
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Merit/ Fast Track -3
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Senior Manager
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Senior Management – Scale IV
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Merit/ Fast Track -3
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Chief Manager
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Senior Management – Scale V
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Merit/ Fast Track -3
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Assistant General Manager
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Top Management – Scale VI
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Merit/ Fast Track -3
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Deputy General Manager
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Top Management – Scale VII
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Merit/ Fast Track -3
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General Manager
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Other Additional Benefits provided to IBPS Specialist Officer
Good Salary Package
Comfortable working hours
Considerable number of leaves
Medical benefits
Retirement plans
Additional Compensation on purchase, travel and education
IBPS SO
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