IBPS SO Salary 2017 – IT Officer, Law Officer Job Profile, Pay Scale & Allowances

IBPS SO Salary 2017: Institute of Banking Personnel Selection (IBPS) is going to conduct this year’s Specialist Officer recruitment based exam very soon. The exam has been conducted as single phase till last year. In the tentative calendar released by IBPS on 2017, an important message regarding this exam has been included by institute. The message is, from CWE-VII SPL onwards there will be two rounds of exam (prelims and mains) and interview. Lot of candidates might be shocked on hearing this news. But one who wants to become a Specialist Officer in banks will definitely try to utilize this opportunity, even if two or more exams are conducted by IBPS.

IBPS SO Salary 2017 – Highlights
Exam Name IBPS CWE SO VII Exam 2017 Exam Type Objective
Information IBPS SO Salary 2017 Exam Phase  Prelims & Mains
Exam Date Jan 2018 Exam Mode Online
Authority IBPS Official Site www.ibps.in

What will be my salary if I got hired as a Specialist Officer in banks through IBPS exam? This is the major question that will rise in minds of all candidates who are now moulding themselves to become a Specialist Officer in banks. Now wage revision talks are going around the society. The Union and Indian Bank’s Association came to a decision to increase the salary and allowances of bank employees to 15%. You can find answers for your IBPS SO Salary questions from below given information.

IBPS SO Salary 2017

IBPS conducts this SO exam once in a year for about 20 public sector banks (listed below). IT Officer, Agriculture Field Officer Rajbhasha Adhikari, Law Officer, HR/ Personnel Officer and Marketing Officer are the categories of SO posts that will be filled through this recruitment.

No. Participating Banks
1 Allahabad Bank
2 Andhra Bank
3 Bank of Baroda
4 Bank  of India
5 Bank of Maharashtra
6 Canara Bank
7 Central Bank of India
8 Corporation Bank
9 Dena Bank
10 Indian bank
11 Indian Overseas Bank
12 Oriental Bank of Commerce
13 Punjab & Sind Bank
14 Punjab National bank
15 Syndicate Bank
16 UCO Bank
17 Union Bank of India
18 United Bank of India
19 Vijaya Bank
20 IDBI Bank

As said above, the exam has been planned to be conducted in two phase from this year. Prelims exam will be conducted first and those who are performing well in this exam would be invited for main examination later. Finally only individuals performing well in main exam would be shortlisted and invited for personal interview. Thus suitable aspirants will be hired for Specialist Officer posts.

IBPS SO Score Cards 2017 will be issued to aspirants who are successfully overcoming all these rounds of selection. Based on the performance scores, participating organizations will appoint deserving candidates in its branches depending upon availability of vacancies.

All the 20 banks will not follow same rules for appointment or offering salary. It varies based on banks. IBPS SO Salary 2017 is not constant because, based on place of appointment banks will give special salary and allowances to candidates.

Roles and Responsibilities of SO in bank

Before seeing the salary details, let’s see about the roles and responsibilities of Specialist Officers in a bank.

Agricultural Field Officer: The SO Officer in Agriculture field provides detailed information to all customers about various banking processes and schemes, for general and agricultural purposes. Also he/ she is responsible for promoting loans to the eligible persons who are satisfying the norms of bank.

Law Officer: All legal works of bank will be handled by Law Officer. Some of the duties are drafting legal notice & documents for various processes in bank, providing legal assistance in issues related bank funds, etc.

HR/ Personnel Officer: Candidates being hired for this category SO posts should look into the Human Resource Department activities. Some of the duties are handling all cases of misconduct, supporting in recruitment activities, analyzing new HR policies, etc.

Marketing Officer: A Marketing Officer work in the marketing department of bank. Bringing more business to bank & increasing profit, preparing cost-effective budget for advertising, fostering positive image of bank to customers & clients, etc are their major works.

Rajbhasha Adhikari: Candidates being selected for Rajbhasha Adhikari posts in bank will translate & proofread all the important documents, organize workshops for training bank personnel, send official notifications & directives between banking organizations in Hindi & English, etc.

Salary Package: Initially, aspirants hired for all these SO posts through IBPS exams will be placed under Scale-I category Officer posts i.e. Junior level. So, even if the specializations are different salary will be same for every SOs.

Scale Post Name Salary Package (approximate)
1 Agriculture Field Officer

Rs.23700 to 42020/- for Scale-I category

2 Rajbhasha Adhikari
3 Law Officer
4 HR/ Personnel Officer
5 Marketing Officer

IBPS SO IT Officer Salary:

Lot of engineering graduates and others are sitting simply without any job nowadays. As banking sector provides good career growth and lucrative salary to employees, most of the candidates had diverted their attention towards bank jobs. Especially large number of aspirants started applying for the IBPS SO (IT Officer) posts. Hence there is a huge competition for this position in banks nowadays.

An IT Officer in a bank will have to handle the duties like Data Center Maintenance & Support, Queries related to ATM, maintenance of Computer systems in bank, network security maintenance, etc. In short, an IT Officer takes care of bank’s software system. The salary applicable for IT Officer in a bank is given below.

Post Name Salary (approximate)
IT Officer (SO) Rs.23700 to 42020/- (Scale-I)

Scope of Promotion for SO: Depending upon performance and expertise, aspirants will be given with promotions upto the rank of General Manager. The step-by-step scope of promotion for a Specialist Officer in bank is tabulated below.

Scale Scope of Promotion for SO
1 Specialist Officer/ Assistant Manager
2 Manager
3 Senior Manager
4 Chief Manager
5 Asst. General Manager
6 Deputy General Manager
7 General Manager

The salary package will differ based on Scale or position which aspirants are promoted. Salary that is applicable for candidates when upgraded or promoted for Scale-II/ III category posts are tabulated below.

Post Name Salary Package (approximate)
IT Officer

Rs.31705 to 45950/- for Scale-II category

Rs.42020 to 51490/- for Scale-III category

Agriculture Field Officer
Rajbhasha Adhikari
Law Officer
HR/ Personnel Officer
Marketing Officer

Other Allowances and Perks of SO in a bank

Apart from monthly salary, there are also several other benefits and allowances which will be usually offered to a Specialist Officer in bank. Details are given below.

  • Dearness Allowance
  • House Rent Allowance/ Accommodation
  • Special Allowance
  • Leave
  • Medical
  • City Compensatory Allowances (CCA)
  • Entertainment, Newspaper, Furniture Maintenance allowance
  • Conveyance Allowance
  • Less frequent job transfer, etc.
Reference Links
Official Website www.ibps.in

Aspirants who are searching for the salary details of SO in banks can get it from the above section. Keep in touch with our website to know further information about this IBPS SO Recruitment.

Updated: 2017-10-30 — 10:34 am

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