IBPS SO Salary 2023, Job Profile, In-Hand Salary, Perks – GKTodayCurrentAffairs.Com

IBPS SO Salary 2023: IBPS is going to recruit 1402 Specialist Officers in 11 Participating Banks across India. Candidates who are interested in serving as a Specialist Officer, can check the salary, perks, and job profile of a SO in the PSBs. In this article, we have discussed the monthly salary, salary structure, and why IBPS SO is good opportunity for a Bank Job aspirant.

IBPS SO Salary 2023

IBPS SO Salary 2023: Institute of Banking Personnel Selection (IBPS) is an autonomous body that operates as a Personal Selection Body for Nationalised and Rural Banks. IBPS SO examination is conducted by IBPS every year to fill up the post of a Specialist Officer in the categories mentioned in this article. The IBPS SO Salary received by an employee is very lucrative. The IBPS PO salary is one of the major reasons for candidates to get into the banking domain apart from security, lucrative perks, and allowances. IBPS SO Basic Pay is Rs 23,700/- and the IBPS SO In-hand salary is Rs 38000/- to Rs 39000/-. Working as a Specialist Officer is a highly reputed job that demands special qualifications for all six different posts. Check all the details about IBPS SO Salary, Job Profile, Career Growth, and Promotion Policy of  IBPS SO.

IBPS SO Salary: Overview

IBPS SO Salary: Candidates must check the IBPS SO Salary is discussed below in detail. Check the overview here.

IBPS SO Salary Overview
Organization Name Institute of Banking Personnel Selection (IBPS)
Post Specialist Officer (SO)
Exam Level National Level
Vacancies 1402
Application Mode Online
IBPS SO 2023 Apply Online 1st to 21st August 2023
Salary Rs 38,000/- – Rs 39,000/-
Allowances DA, HRA, CA, CCA, MA, etc.
Selection Process Prelims, Mains & Interview
Official Website @ibps.in

IBPS SO Notification 2023

IBPS SO 2023 Apply Online

IBPS SO Salary: Post Names

This article covers IBPS SO Post Wise Salary, Salary In Hand After 7th Pay Commission, Job Profile, Growth Opportunities, Perks, and Other Benefits. The following table shows the 6 posts for which IBPS SO Recruitment 2023 has been made.

Post Code Post Name
01 I.T. Officer (Scale I)
02 Agricultural Field Officer (Scale I)
03 Rajbhasha Adhikari (Scale I)
04 Law Officer (Scale I)
05 HR/Personnel Officer (Scale I)
06 Marketing Officer (Scale I)

IBPS SO Salary In Hand 2023

The successful candidates of IBPS SO will be placed in the Junior Management Grade Scale I Cadre. The pay scale for all the posts is more or less similar. The following will give you an idea of the IBPS SO 2023 In-Hand Salary after the 7th Pay Commission.

IBPS SO Basic Pay is Rs 23,700. The pay scale for IBPS SO is 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. The IBPS SO Gross Salary is Rs. 38000- 39000.

IBPS SO In-Hand Salary
In-Hand Salary The gross salary of IBPS SO is Rs 38000/ to Rs 39000. After all the deductions, the employee gets Rs 33000/ to Rs 35000/ as an IBPS SO.

IBPS SO Salary 2023- Job Profile

The type of work performed by each Specialist Officer varies from post to post. Given below are the type of works performed by each one of them. Check out the IBPS SO Job Profile in the table below.

IBPS SO Perks and Benefits 2023

Apart from the attractive salary that is offered, an IBPS SO is entitled to other perks as well. It includes a Leave policy, Leave Travel Allowance, Holiday Homes, Conveyance allowance,  Newspaper allowance, Medical allowance, Entertainment allowance, House and furniture allowance, etc. The IBPS SO officers receive a compensation of Rs. 7.55 lacs to Rs. 12.93 lacs. It may vary depending on the place of posting and other factors.

Allowance Value/ Remarks
Dearness Allowance 36% Approx. Rs 8600/
House Rent Allowance As per the place of posting of the candidate, it is between 7% to 9%.
Conveyance Allowance A fixed amount of fuel expense depending upon 2-wheeler or 4 wheeler
Special Allowance It is the incentive or performance-based bonus given to each employee.
It is about 7.75% of DA+Basic.
City Compensatory Allowance As per the place of posting of the candidate, it is between 0% to 4%
Lease Allowance In place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting.
PF Contribution It varies between Rs 3000/ to Rs 3500/

IBPS SO Promotion Policy

All the successful candidates who are selected for Scale-I and Scale-II posts and will undergo training, workshops, assessments to improve their skills and be eligible for promotions. Based on their work performance, IBPS SO gets a promotion in his career to raise his standard of living. Given below is the list of hierarchies that are followed 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

5 Reasons Why You Should Join IBPS SO

Some of the reasons that motivate candidates for applying to IBPS SO various posts are as follows.

  1. Great Pay Scale
  2. Fair Chances of Promotions
  3. Fewer Chances of Job Transfer
  4. Security and Flexibility of Job
  5. Amazing Incentives, Perks, and Other Allowances

So, kick start your preparations for a bright and secure future as an IBPS Specialist Officer.

IBPS SO Salary 2023- FAQs

Q. What is the basic pay of IBPS SO 2023?

Ans. The basic pay of IBPS SO 2023 is Rs. 23,700/-

Q. What is the in-hand salary of an IBPS SO Officer?

Ans. The employee gets Rs 33000/ to Rs 35000/ as in-hand salary for IBPS SO officer posts.

Q.  What other benefits does an IBPS SO Officer get?

Ans. An IBPS SO gets a Leave policy, Leave Travel Allowance, Holiday Homes, Conveyance allowance,  Newspaper allowance, Medical allowance, Entertainment allowance, and House and furniture allowance other than salary.


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