Header Ads

IBPS Specialist Officer Salary 2018 SO Pay Scale/Structure After 7th Pay

Edit

IBPS Specialist Officer Salary

IBPS Specialist Officer Salary 2018: With rising popularity of Banking Jobs in India, Specialist Officers Job position has become most required after destination for Graduates. Check IBPS Specialist Officer Salary first before applying for IBPS Specialist Officer Recruitment.  From this page, you can upgrade your knowledge with the detailed IBPS Specialist Officer Salary Structure after 7th Pay Commission. IBPS Pay Scale differs for applicants placed under Scale I and under Scale II.

Applicants who have applied for Post of Specialist Officer will be placed under Scale I or Scale II depending on Position they have applied. Though, IBPS provides various Specialist Officers Positions namely Agriculture Officer, Law Officer, HR and Marketing Officer along with the IT Officer. Check the below section of this page of www.privatejobshub.in for getting complete details regarding IBPS SO Salary 2018 after revision.

IBPS Specialist Officer Salary

Positions which comes under IBPS Specialist Officer:
  • I.T. Officer (Scale-I)
  • Agricultural Field Officer (Scale I)
  • Rajbhasha Adhikari (Scale I)
  • Law Officer (Scale I)
  • HR/ Personnel Officer (Scale I)
  • Marketing Officer (Scale I)
IBPS SO Salary Structure
  • The pay structure for Institute of Banking Personnel Selection SO is computed considering all the perks offered to them.
  • However, an SO under Scale I is provided — Rs 14,500 – 600/7 – 18,700 – 700/2 – 20,100 -800/7 – 25,700/-approximately. So, the cash-in-hand will be around Rs. 24,000-32,000 nearly.
  • Those under Institute of Banking Personnel Selection SO Scale II, the Basic pay given is Rs 19,400 700/1- 20,100 – 800/10 – 28,100/- approximately.
  • During appointment, salary will be Rs. 34,000-40,000 approximately.
  • After completion of first year, an increment of Rs. 700 will be due on basic pay.
  • After that increment on basic pay is Rs. 800/- for next 10 years. However, it is possible to get revised pay depending on economy of country.
IBPS Specialist Officer Scale 1 and Scale 2 Salary

IBPS Specialist Officer Scale I Salary:
  • IBPS SO Pay Scale - INR 14500 600/7 18700 700/2 20100 800/7 – 25700/-
  • In Hand Salary – INR 24000-32000 per month.
IBPS Specialist Officer Scale II Salary:
  • Pay Scale - INR 19400 700/1 20100 800/10 – 28100/-
  • In Hand Salary – INR 34,000-40,000 per month.

IBPS Specialist Officer Salary after 7th Pay Commission

After 7th Pay Commission, Salaries of all the government employees are likely to Increase by 40%.  It is also assumed that one –third of the middle class will be employed in government departments.

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 (3% to 4% Max. Rs540/-)
Rs.540/-
Rs.375/-
 —-
Total Salary (Excluding HRA)
Rs.29525.5/-
Rs.29360.5/-
Rs.28985.5/-
HRA – 8.5% ; 7.5%; 6.5%*
Rs.1232.50/-
Rs.1087.50/-
Rs.942.50/-
Total Salary (including HRA
Rs.30758/-
Rs.30448/-
Rs.29927.5

IBPS Specialist Officer Perks and Allowances

Dearness Allowances (DA)
  • The bank offers the facility to pay all your cost of living on its own responsibility.
  • It is the price of living adjustment out of your basic pay, aimed at hedging the impact of inflation.
  • For bank specialist officers, it is INR 8605.88.
Basic Pay
  • This is the amount of salary paid to bank employees excluding any extra payments such as allowances and bonuses.
  • For bank SO, it is INR 23700, with effect from June 01, 2015.
HRA:
  • HRA is known as House Rent Allowances which means that the staff will get the house accommodation charges on behalf of banks, depending on their city of residence.
  • Bank has permitted 9% or 8% or 7% HRA, depending upon the place of the position of an employee.
CCA:
  • City Compensatory Allowance is a fully taxable component of remuneration which is given to applicants to compensate them for working in big metropolitan cities so that to assist them living in high standard.
  • This is fixed amount rather than measured on basic pay.
  • CCA for bank SO is generally 4%, 3% or 0%, depending on the place of position.
Special Allowances:
  • Special allowances are provided 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.
Perquisites:
  • A perquisite is the profit or benefit offered to applicants 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.
Top Reasons to Join Banking Sector Today: Career in Banking Sector

Promotions & Career Growth for Officers in All Department

Top Management – Scale 7 – General Manager.


Top Management – Scale 6 – Deputy General Manager


Senior Management – Scale 5 – Asst. General Manager


Senior Management – Scale 4 – Chief Manager


Middle Management – Scale 3 – Senior Manager


Junior Management – Scale 2 – Manager


Junior Management – Scale 1 – Officer / Assistant Manager

Get Success Mantra to crack the Examination: IBPS Exam Video

Something to Know

Institute of Banking Personnel Selection is commonly known as IBPS and it is an independent agency in India, which started its process in 1975 as Personnel Selection Services. In 1984, IBPS became an independent body at the request of Reserve Bank of India and Public Sector Banks. Institute of Banking Personnel Selection has its independent educational and research oriented Institute, with a motive of growing human-resource development through personnel assessment.

Every year, Institute of Banking Personnel Selection conducts Common Written Examination (CWE) for the appointment of Officers and Clerks in Indian banks. IBPS Common Written Examination is now compulsory for anyone who seeks an employment in 21 public sector and Regional Rural banks. Candidates have to go through interview process after clearance the online test performs by organization. On the basis of interview aspirants placed in Regional Rural Bank.


How to Get Job in IBPS?

Applicants who want to participate in IBPS Exam firstly they must know about Participating Bank for IBPS Examination. All the applicants who qualify the Common Written Examination (CWE) with valid scores, they need to select a Participating bank, based on their score from a List of Banks in IBPS Exam.

All the qualified candidates need to appear in Group discussions and interviews for selected bank. Each bank will give a notification about the score required by them for appearing in Group Discussion and interview process so you should prepare accordingly.
After completion of interview process, depending on the seats to be filled in during financial year candidates shortlisted will be provisionally assigned to at least one of Participating Bank based on merit-cum-preference keeping in view the spirit of Govt.

You can apply online from here: IBPS Specialist Officer Recruitment

Note:

Through this page, applicants can get the complete information regarding IBPS Specialist Officer Salary 2018. Candidates keep stay in touch with us for getting more details about Salary of IBPS Specialist Officer. Candidates can subscribe our free email section for getting more details about IBPS Specialist Officer Salary in Hand in your mail box. You can also join us through Facebook and Google Plus we will send you all information on your Facebook wall. If you have query any then drop your comment in the comment box which is provided below.

Check Related Links Here

No comments

Don't Add Comment with Spam Purpose

Powered by Blogger.