IBPS SO Salary 2021 Specialist Officer Pay Structure with Allowances, Career Guide

IBPS SO Salary 2021 and Allowances, Promotion + Career Complete Guide

IBPS SO Full Form The post of the specialist officer is regarded as one of the highly prestigious posts. Every Year lakhs of candidates appear for the exams. The posts of the specialist officer have a challenging work profile and career growth and salary.

What is the Salary of IBPS SO? Institute of Banking Personnel Selection (IBPS) Department conducts Specialist Officer exam IBPS SO 2021 every year for various Scale I and Scale II posts.

Most of the participants who are starting their Preparation of IBPS SO Exam unaware of the latest IBPS Specialist Officer salary and perks. (आईबीपीएस स्पेशलिस्ट ऑफिसर सैलरी विस्तार से)

Here we are talking about salary after clearing IBPS SO exam and other details such as facilities, allowances, in-hand salary, DA, HRA, Bonus, TA, Medical Benefits, Gross salary, 7th pay commission effect on salary etc.

In this article, we are providing you details about the IBPS salary for Specialist Officer and various perks that are offered to it. There shall be many of you who are feeling excited to know about the career growth in SO officer scale grades in banks. So, don’t waste any more seconds and move.

IBPS SO Salary Structure in Detail

IBPS Recruitment Guide www.ibpsrecruitment.in brings you the latest information for IBPS Exam 2021. All aspirants will be selected for Scale I and Scale II posts and will be undergo training, workshops, assessments to improve their skills and be eligible for promotions.

IBPS SO Salary 2021 – Scale Level Of Posts

Now, you must be thinking while going through this table that what is this officer scale 1 and officer scale 2. Well, we want to tell you here that there are certain grades/scales in specialist officer which means that officer scale-1 is the junior post whereas officer scale-2 is the senior post.

It is because of this the former is known as ‘Junior Management Position’ and later is known as ‘Middle management Position’.

S. No. Name Of Posts Scale Level
1. IT Officer Scale I
2. Agriculture Field Officer Scale I
3. Rajbhasha Adhikari Scale I
4. IBPS Law Officer Scale I
5. HR/Personnel Officer Scale I
6. Marketing Officer Scale I
7. IT Officer Scale II
8. Law Officer Scale II
9. Chartered Accountant Scale II

To reach middle management position from the junior position, one has to work hard, effectively and efficiently to get promoted. IBPS Exam Preparation Test-Series Pdf Download.

IBPS Agriculture Officer Job Profile IBPS Rajbhasha Adhikari Job Description
IBPS PO Salary and Benefits IBPS Clerk Salary and Benefits

IBPS SO Basic Salary 2021

As per the last revision of 10th Bipartite Settlement, in May 2015, the salary structure of Specialist officer designation is settled as-

Post  Basic Pay
Officer Scale I 23700-980(7)-30560-1145(2)-32850-1310(7)-42020.
Officer Scale II 31705-1145(1)-32850-1310(10)-45950.
Officer Scale III 42020-1310(5)-48570-1460(2)-51490.

Going a little further, if age limitation is concerned then for Scale-1 officers, the candidates of 20-30 age can apply for the job while the maximum age limit of Scale-2 officers is 35 years. Where scale 2 officers require the experience of minimum 2 years (except for CA where no experience is required), scale-1 officers require just a degree from a recognized university.


Basic salary is 23700 and you will get around 33000-35000 in hand after all the additions and deductions. Gross salary would be around 38–39K excluding allowances.

IBPS SO Syllabus in Detail IBPS SO Question Papers Pdf
IBPS HR officer Syllabus in Detail IBPS SO Question Papers Pdf

IBPS Specialist Officer Salary Allowances + Benefits

There are various perks and allowances which are enjoyed by SO of the bank.

  1. Dearness Allowances (DA) –Wherever you live with whatever facility, the bank provides you the facility to pay all your cost of living on its own responsibility.it is the cost of living adjustment out of your basic salary, aimed at hedging the impact of inflation. For bank specialist officers, it is INR 8605.88.
  2. Basic Pay– It is the amount of salary paid to the bank employees excluding any extra payments such as allowances and bonuses. For bank SO, it is INR 23700, with effect from June 01, 2015.
  3. HRA This is known as House Rent Allowances which means that the employee will get the house accommodation expenses on behalf of banks, depending on their city of residence. Bank has allowed 9% or 8% or 7% HRA, depending upon the place of the position of an employee.
  4. CCA –City compensatory allowance is a fully taxable component of salary which is given to the employees to compensate them for working in big metropolitan cities so that to help them living in high standard. It is the fixed amount rather than calculated on basic pay.CCA for bank SO is generally 4%, 3% or 0%, depending on the place of position.
  5. Special Allowances –Special allowances are given to only Scale-1 officers(7.75%). Scale-2 is exempted from this advantage. These are the performance-based bonus or incentives given to employees depending upon their quality performance.
  6. Perquisites –It is the profit or benefit provided to employees in addition to their regular salary. It includes newspaper/laundry allowances, medical coverage, Travel allowances, conveyance, house and furniture allowance and total 4130 is calculated to be given.
  7. Least Accommodation is up to Rs 29500, this is provided in lieu of HRA.
    Other benefits:
    Specialist Officers face less frequent transfers as compared to general bankers. Bank jobs are usually secure. There is no risk of you losing your job.
    • Specialist Officers enjoy the same promotions, benefits, and perks enjoyed by general bankers.
    • Working as a Specialist Officer in banks also increases your knowledge of finance and economy which will help you plan your finances better.
    IBPS Exam Preparation Test-Series Pdf Download
  8. Documents required for IBPS SO Interview
  9. Also Check:- Career in Banking
IBPS SO Basic Salary Basic pay is the same irrespective of the city of appointment. It is INR 23700 that is from June 1,
HRA This is paid @ 9.0% or 8.0% or 7.0% depending on the place of posting
DA As per the latest CPI released by the gov. the DA amount is INR 8605.88.
Special Allowance For Scale I it is paid @ rate of 7.75%
Perks Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. 4,130
Least Accommodation Least Accommodation is up to Rs 29500, this is provided in lieu of HRA
CCA This is paid @ 4%, 3% or 0% depending on the place of posting
IBPS Specialist Officer Exam 2021
IBPS Specialist Officer Exam Dates IBPS IT Officer Syllabus / Exam Pattern
IBPS Specialist Officer Exam Centers IBPS Agriculture Field Officer Syllabus
IBPS SO Exam Pattern 2021 IBPS Law Officer Syllabus PDF
Name of Posts Approximate Emoluments per Month inclusive DA and HRA at Current Rate (At present, the total starting emoluments are approximate)
Office Scale III Rs. 64600/- per month inclusive of DA and HRA at the current rate.
Officer Scale-II Rs. 48800/- per month inclusive of DA and HRA at the current rate.
Officer Scale I 36400/- per month inclusive of DA and HRA at the current rate.

IBPS Specialist Officer Revised Salary after 7th Pay Commission

Government Bank Employees to get the best Salary from 2020. The compensation of Indian financiers (bankers) to expand by 2018. Indeed, even as we all know that Seventh Pay Commission is good to go to execute and with that the difference between Govt representative compensation and financiers will be considerably more profound.

This news about the expansion of investors’ pay was begun after Dept. of Financial Services issued notification for Next compensation (Wage Revision) correction out in the open segment banks (Public sector banks) on 12.01.2017. Then we’ll watch How much salary of IBPS Specialist officer in the bank?

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What is the Work of IBPS RRB Officer? Office Assistant Job Profile in Regional Rural Banks

IBPS SO Salary after revision – Salary of Government workers has been increased up to 40% after 7th Pay Commission. You may check out the given table to know the increment in Metro Cities, State Capital and District Level, and Rural Areas.

Assets Metro Cities (State Capital etc.) (District Level and Rural Areas)
Basic Pay Rs. 14500/- Rs. 14500/- Rs. 14500/-
Dearness Allowance Rs. 14485.5/- Rs. 14485.5/- Rs. 14485.5/-
CCA Rs. 540/- Rs. 375/-
Total Salary (Excluding HRA) Rs. 29525.5/- Rs. 29360.5/- Rs. 28985.5/-
HRA Rs. 1232.50/- Rs. 1087.50/- Rs. 942.50/-
Total Salary (including HRA Rs. 30758/- Rs. 30448/- Rs. 29927.5/-

IBPS SO Salary Increment + Promotions and Career Growth

After passing the selection process of IBPS Specialist officer all rounds you will get a fruitful Career in public sector banks. Firstly you will be under training for some time and get the experience of Officers task. While during time spent you will get plenty of opportunities to a bank to get promoted and reach the senior post.

The Scope of Promotion: – Every year thousands of vacancies are coming for various category Officers in PSBs. According to your work ability and experience, you will be promoted to higher level posts. Check below list for the path of Scale I to Scale 7. Behalf of performance your chances is so high to promote on a senior level post and get other plenty of opportunities within a year.

  • 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 – Asst. General Manager
  • Top Management – Scale 6 – Deputy General Manager
  • Top Management – Scale 7 – General Manager.

IBPS SO Salary Vs SBI SO Salary

IBPS Specialist Officer Admit Card IBPS SO Result / Cutoff

Specialist Officer Salary in SBI

State Bank of India is the most trustworthy bank in the hearts of every Indian citizen due to its so long establishment and goodwill in financing cooperatives. The Career in SBI – Being an employee of SBI is a feeling of dignity in itself for every aspirant who is fighting for bank competition exams.

It not only offers various royal incentives but also promotes the personal personality of an employee, being it be communication, finance intelligence or any other, due to its large network in whole over India.

Here, we are providing you a list of the salary of a Specialist officer by SBI at different grades and also the perks and benefits which it offers to SO employees.

let’s take a look at the following

SBI Specialist Officer Salary Table: Lowest and Highest Salaries for each Position per month
Assistant Manager (S) Rs.39426 – 92355
Assistant General Manager (S) Rs.103797 – 133593
Chief Manager (S) Rs.67542 – 305341
Deputy Manager (S) Rs.40932 – 160729
Deputy General Manager (S) Rs.118888 – 145833
General Manager (S) Rs.132037 – 141975
Manager (S) Rs.60754 – 209636
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SBI SO Officer Perks & Lease House Facility

You will be glad to know that SBI offers usually the same perks as SBI So, which it provides to the PO of the bank.

  • SBI offers Rs. 8 Lac annual CTC for entry level position which is considered to be the best in industry. The perks include Dearness, Petrol, News Paper, and Furniture allowances. This is inclusive of leased accommodation at Rs 20,000 per month in metros.
  • Medical Aid for self (100%) and for family (75%)
  • Home Travel Concession/Leave Fare Concession
  • Concession Interest Rates for Housing/Car/Personal Loans

IBPS Specialist Officer salary will vary from bank to bank. Every bank will offer you different facilities and compensation.

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Final Words

Money and salary is a crucial component of the job. However, when it comes to salary, we know how eagerly we await the last day of the month when the paycheck gets credited to our accounts.

Hope, this article will help you in understanding the pay scales of a specialist officer in an easy way. I hope this post about SBI Specialist officer salary 2021 is of great significance  Nevertheless, if you encounter any doubt on any sentence or data in this article, then please feel free to ask us anytime. We assure you to provide our round the clock services on your screen.

Excited to expose another new article for you!

IBPS Exam Updates 2021
IBPS Clerk Notification IBPS Exam Syllabus IBPS Exam Dates
IBPS PO Notification IBPS Exam Pattern IBPS Exam Books
IBPS RRB Notification IBPS Question Papers IBPS SO Study Material
IBPS SO Negative Marking IBPS Admit Card आईबीपीएस बैंक एग्जाम टिप्स
IBPS Guide IBPS Score Card IBPS SO Participating Banks


  1. sir ,i completed my agriculture engineering in 2108 and now i want to apply for agriculture field officer am i eligible sir please reply me ….

  2. sir I am already 32, and have a experience of 2.5 years in IT. Would I be able to apply for Scale II IT specialist officer.

  3. Hello Sir..
    I have done BE from computer science.can I apply SO and which month come this vacancy……

  4. sir, i am 2017 btech passout. i am working in startup company as php developer or web develpoer then i have 1 year expirence. am i eligible for ibps rrb scale-2 exam or not .

  5. Hello sir , I have completed bachelors degree in commerce .Am I eligible for this post? And what will be the syllabus?pls help me out.

  6. Dear Sir,
    My DOB is 03/02/1991 and I have completed in MBA(Marketing/HR). Currently I am working last 4 years in a financial company. Which examination is best for me and I also want to crack in first attempt?? Am I eligible for IBPS SO exam??? Currently my age is 27 years old.

    Please give me good suggestion…

  7. Hi Sir,
    I have 1.6 yrs of experience as software engineer. Please let me know whether I am eligible for IT
    1) Officer I OR 2) Officer II

  8. Sir,
    i have 5 year experience as junior officer in financial institute can i apply Rrb officer scale 2 because i am confused in experience leval as OFFICER/JR.OFFICER plzz revert me.

  9. Sir is there any pre and mains for law officer or only one exam will be conducted after that interview..

  10. Sir I’m doing my MSc Datascience an integrated course… (5 years).. Am I eligible for SO IT exam after completion of my graduation…?

  11. Sir i have done msc with computer science but with Lateral entry. And i have filled the ibps SO IT officer form. And in the Lateral Entry Msc. Second year me addmission mil jata hai. To ye 1 year ka hua. Agar exam me pass hote hain. To kya problems aa skti hai. Is issue me?? Plz help me

  12. Hello sir I have completed my engineering in info science…. I had to take one year gap so I finished engineering in 5yrs instead of 4 am I eligible for this IBPS SO

  13. hiii sir this is priyankan i had completed my BE in 2016 with 66% and branch is information science but in notification they didnt mantioned this branch so what option i should put either computer science r else information technology and am eligible for this post

  14. Hello sir,
    my name is Sathya I completed B.B.M in finance specialization but I completed M.B.A in Marketing specialization. I’m I eligible to apply for IBPS MARKETING OFFICER (scale 1)
    Thank you sir,

  15. Hi, I am ROSLIN 2017 passout Endineering Fresher in Electronics and communication engineering . Am i eligible to appy for the post of SO scale 1?

  16. I have completed B.Tech-M.Tech(Integrated) course in 2017.I have 1 yr full time internship experience in Barclays Bank. Am I eligible to apply for the post of scale 2 IT Officer?
    Thanks in advance

  17. I am a final year BA llb student I will complete my degree in 2018 as I was in 2013-18 batch .. So I am eligible for law officer scale 1 exam or not ..and plz explain me the total salary for this job …plz reply as soon as possible and it will be highly appreciated by me

  18. Can we directly apply for SO IT Officer Scale-2 if the age is above 30 years and below 35 years with having work experience of 10 years??

  19. Good noon sir, I m graduate in law, after b.com….2015…my aim to become law officer so I need it’s valuable suggestion s to crack in upcoming exam 2018..

  20. Dear sir,

    I am studying bsc ag final year completed my degree may 2018 am I eligible for so field officer sir

  21. Sir i completed my BCA degree last year and persuing my MCA , am I eligible for so post?


  22. I have completed B.Sc IT from correspondence course . Am I eligible for Ibps S.O. post?

  23. Hi, sir are madam i have selected for specialist officer what will be prepare the interview pls sum tips?

  24. i m studying bsc agri.. .am i eligible to write so xam during final year b4 completion of the course



  26. My dob is 06.11.1993 and I am a MBA professional. Am I eligible for IBPS SO exam.. if yes den how will I crack in first attempt as I am working a full time job.

  27. sir i have complete b.tech 2016 and my persent in b.tech 68% and 10,12th in a 50% can m i eligible tell me sir

  28. Hello Sir, I have completed my B.E (IT) in 2013 and i have 3 years of experience now so am i eligible for scale – 2 SO job?

  29. What is the scale 4 cheif manager salary in hand including perks. also give break up of that.

  30. i have completed my bsc in economics honours. Can i apply for SO? if yes then in which field can i apply?

    • IBPS SO Post requires minimum Post graduation for any post so you should complete your P.G degree.

  31. I am persuing my b.e degree right now(6h sem)…am I eligible to write so exam this year???

  32. Dear sir I’m 16/8/1989 am I eligible for bank exam.is it to pass in first attempt if I join in any bank coaching center

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