IBPS (The Institute of Banking Personnel Selection) conducts annual recruitment drives for Specialist Officers in various departments. The popularity of the SO position primarily stems from its attractive salary package and accompanying allowances. For Scale 1, the basic pay for an IBPS SO is Rs. 23,700/-. In addition to the basic income, the position offers a range of supplementary perks and allowances.
IBPS SO Salary 2023
The salary structure for IBPS Specialist Officers (SO) remains consistent across all participating public sector banks. The 2023 IBPS SO notification announces 1402 vacancies for officers in various departments. The salary structure for the IBPS SO 2023 is as follows: Rs. 23,700-980/7-30,560-1,145/2-32,850-1,310/7-42,020. Alongside the basic salary, selected candidates are entitled to various additional allowances. These allowances include House Rent Allowance (HRA), Special Allowances, Dearness Allowances, and Rent Allowances.
| Organisation | Institute of Banking Personnel Selection |
| Exam Name | IBPS SO Exam 2023 |
| Post | Specialist Officer |
| Category | Salary |
| Vacancy | 1402 |
| IBPS SO Salary 2023 Structure | Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 |
| Official Website | www.ibps.in |
In the IBPS SO Salary Structure 2023, candidates can anticipate a gross salary ranging from Rs. 38,000 to Rs. 39,000. After deductions and allowances, the in-hand salary is typically between Rs. 33,000 and Rs. 35,000.
IBPS SO Salary 2023: Allowances
The IBPS SO Salary 2023 comprises various allowances added to the basic pay. These allowances are designed to support the candidates in maintaining their lifestyle and managing job-related expenses. Here’s an overview of the budgets associated with IBPS SO Salary 2023:
- House Rent Allowance
- City Compensatory Allowance
- Special Allowance
- Conveyance Allowance
- Dearness Allowance
- Leave Travel Allowance
- Medical Allowance
- Entertainment Allowance
- Newspaper Allowance
- Lease Allowance
These allowances contribute to enhancing the overall compensation package for IBPS Specialist Officers.
IBPS SO Salary 2023 Perks
In addition to the various allowances offered to selected candidates, the IBPS SO 2023 job comes with a range of enticing perks. Among the notable advantages is the opportunity to work in a specialized field within a public sector bank. As an IBPS SO 2023, you can enjoy various perks, including a flexible leave policy, a Leave Travel Allowance, access to holiday homes, a conveyance allowance, a newspaper allowance, and more. These perks enhance the overall job experience for IBPS Specialist Officers.
IBPS SO 2023 Job Profile: An Overview
Understanding the job profile is crucial for aspirants preparing for the examination. Having insight into the job profile and responsibilities can be a source of inspiration. Below are the job profiles for various positions: IT Officer, Marketing Officer, Field Officer, Agriculture Officer, and more. This information provides a clear understanding of what each role entails.
| Post | · Job Profile |
| Agriculture Field Officer | · Loan inspection· Managing other RRBs and other organizations and coordinating with them.· Uplifting and promoting banking and lead generation. |
| IT Officer | · managing the core banking system· developing banking software· Maintaining the security systems of the bank in terms of cybercrimes |
| Rajbhasha Adhikari | · proofreading and translating important documents· Conducting in managing language-related workshops· Training employees in the local language |
| Law Officer | · handling all the legal affairs of the bank· In case of a suit filed, representing the bank in a court of law |
| HR/Personnel Officer | · managing the recruiting process· Performance evaluation of the employees· Forming schemes and compensation of all the employees |
| Marketing Officer | · managing the marketing sector and other promotional activities |
IBPS SO Promotion Policy
Upon selection, all eligible candidates appointed to Scale-I and Scale-II positions will embark on an enriching journey of comprehensive training, workshops, and assessments. These endeavors are meticulously designed to augment their skill set and competence. The ultimate aim is to foster career growth and prepare candidates to qualify for progressive advancements within IBPS SO.
Progression within the organization is merit-based, predominantly contingent upon work performance, allowing IBPS SO professionals to elevate their career trajectories and improve their overall quality of life. The subsequent hierarchy delineates the structured framework for IBPS SO promotions:
- Junior Management – Scale 1, Officer/Assistant Manager
- Junior Management – Scale 2, Manager
- Middle Management – Scale 3, Senior Manager
- Senior Management – Scale 4, Chief Manager
- Senior Management – Scale 5, Assistant General Manager
- Top Management – Scale 6, Deputy General Manager
- Top Management – Scale 7, General Manager
Enrolling in bank coaching classes can significantly expedite your preparation for banking exams. At Finprov, we take immense pride in providing comprehensive guidance and unwavering support to our students, empowering them to reach their desired goals in the banking sector. We understand the importance of personalized attention and are committed to offering tailored advice to each student. We identify their strengths and weaknesses, assisting them in making necessary improvements.
Our bank coaching program comprehensively covers various topics, including quantitative aptitude, reasoning, English language, general awareness, and banking-related subjects such as banking laws, finance, and economics. We offer diverse coaching options for SBI, IBPS, and RBI exams to accommodate different preferences and schedules. Our offerings include classroom coaching, online coaching, study materials, test series, mock tests, and doubt-clearing sessions.
FAQs
What is the basic pay of an employee working as a Specialist Officer at IBPS?
The basic pay for an IBPS Specialist Officer ranges from Rs. 36,300 to Rs. 64,600. The specific salary varies depending on the specialization and the officer’s scale.
For which positions is the IBPS SO exam conducted?
The IBPS SO exam is conducted for various positions, including IT Officer, Agriculture Officer, Marketing Officer, Human Resources, Law Officer, and Rajbhasha Adhikari.
Which is better, IBPS SO or SBI SO?
The roles of IBPS SO and SBI SO are similar, with comparable job profiles and responsibilities. The primary distinction lies in the salary structure, with IBPS SO having its salary scale, while SBI SO follows a different salary structure.
Does the IBPS SO exam have a negative marking?
The IBPS SO exam employs a negative marking system, deducting 0.25 marks for each incorrect answer.
Is there an interview for the IBPS SO exams?
Yes, the interview is the third stage of the IBPS SO exam. The combined scores from the main examination and the interview are used to determine the final merit.
