IBPS SO Salary

IBPS SO Salary

One of the major reasons behind most of the candidates preferring Bank jobs is the stability and security that one receives in a Bank. Along with this stability, you also get an attractive salary which makes Banks an obvious choice. You are also entitled to receive other allowances like HRA, DA, Special Allowance, Travel Allowance any many more. You will also receive reimbursement for medical expenses, newspaper. 

IBPS SO(Scale I)
  • Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020
  • Monthly salary– Rs. 38800/- Approx

Along with the salary, a specialist officer in IBPS will get monthly and yearly allowances. The various allowances that an IBPS SO gets are provided below. 


Other Monthly Allowances (In Rupees):

  • House lease -7000
  • Petrol - 3000
  • Newspaper - 500
  • Mobile - 500
  • Cleaning - 650

Yearly Allowances (In Rupees):

  • Entertainment - 5000
  • Medical - 8000

 Job Profile

The Institute of Banking Personnel Selection also known as IBPS come out with IBPS Specialist Officer notification every year. The IBPS SO notification 2021 is a good chance to work in the Government sector. IBPS SO notification contains vacancies for various posts. Based on the post for which you have applied under IBPS SO notification 2021, you will be posted in different departments. IBPS SO post is very essential and plays a vital role in the banking industry. IBPS Specialist Officer will handle a variety of tasks. Some of which are shown below:

HR/Personnel Officer (Scale I)

  • Ensuring new hire paperwork is completed and processed
  • Supervision of overall HR activities
  • Informing job applicants of job duties, responsibilities, benefits, schedules, working conditions, promotion opportunities
  • Addressing any employment relations issues, such as work complaints and harassment allegations
  • Processing all personnel action forms and ensuring proper approval
  • Recruitment processes Modify HR policies of the bank as needed

Marketing Officer (Scale I)

  • Promote the bank and its business and formulate policies
  • Supporting the marketing manager in overseeing the department’s operations
  • Handle different aspects of marketing
  • Research and analyses market trends, competitor offerings, demographics, and other information that affects marketing strategies
  • Approves all marketing campaigns and plans before they are implemented

Rajbhasha Adhikari (Scale I)

  • Translate and proofread banking documents and train employees in the local language

Attempt Free Mock tests for IBPS SO IT Officer 

Attempt Free Mock tests for IBPS SO RA LO 

IBPS SO Career Growth

IBPS SO is a JMGS-1 officer post. Recruited as an IBPS SO officer you will get ample opportunities for promotion, based on your work performance. Given below is the detailed hierarchy of IBPS SO career growth.

  • Officer / Assistant Manager
  • Manager
  • Senior Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager

Online Course 

IBPS SO is one of the most important exams and need a good level of preparation. Being in a digital era, everyone today prefers going online. Understanding your need ixamBee has various IBPS SO online courses for various streams like Agriculture Field Officer, Law Officer and IT. Besides this, we have an IBPS SO exam course for the interview round also. 

Details about Online course for IBPS SO AFO Officer Mains

Details about Online course for IBPS SO IT OFFICER 

Details about Online course for IBPS SO (IT/AFO/MARKETING/HR-PERSONAL AFO) OFFICER Prelims 

Frequently Asked Questions


Is IBPS SO a full-time job?


Yes, IBPS SO is a permanent post. You will be appointed as an Assistant Manager after your selection.


Is there any bond period after once get selected as an IBPS SO?


Yes, depending upon the Bank you will be allocated, the bond period and amount varies.