Monday, 8 August 2016

IBPS Specialist Officer Salary | Revised By 7th Pay Commission SO Pay

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IBPS Specialist Officer Salary

Enormous Increment in IBPS Specialist Officer Salary!!! Institute of Banking Personal Selection is an independent hiring organization and it appoints banking personnel, such as Specialist Officers of Scale – I and Scale – II etc. Contenders if you want to apply for Specialist Officer Post, first they should know the IBPS SO Pay Scale. Here on this page you may get the complete details regarding 7th Pay Commission SO Pay Scale and it is revised from time to time.

This page Includes:
  • IBPS Specialist Officer Salary
  • List of Participating Bank
  • How to Get Job In IBPS
  • IBPS Selection Procedure
  • Revised Bank SO Salary
IBPS Specialist Officer Salary
The selected aspirants are permitted to work in any one of participating banks as Specialist Officers. The SO salary is same for all Specialist Officers, irrespective of banks they work in. The pay scale for the SO is measured considering all the perks offered to them. Check the below section for more details regarding IBPS Specialist Officer Salary after revision. 

Complete Details on: IBPS SO Recruitment

IBPS Specialist Officer Salary

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.
First Fulfill the Eligibility Criteria: IBPS Specialist Officer Eligibility Criteria

Post Name of Scale (I, II)

Basically, the IBPS Specialist Officer pay package is different depending on the place of their posting or position for which they are recruited. For example, Scale –I are IT Officers, HR Officers, Agricultural Field Officer, Law Officers, Marketing Officers, and so on.

S. No.
Name of the posts
1.
I.T. Officer (Scale-I)
2.
Agricultural Field Officer (Scale I)
3.
Rajbhasha Adhikari (Scale I)
4.
Law Officer (Scale I)
5.
HR/Personnel Officer (Scale I)
6.
Marketing Officer (Scale I)
7.
I.T. Officer (Scale-II)
8.
Law Officer (Scale II)
9.
Chartered Accountant (Scale II)
10.
Manager Credit (Scale II)/ Finance Executive (Scale II)

IBPS Specialist Officer Scale 1/2 Pay Structure Details

Pay for the post of Specialist Officer Scale 1 & 2 is mentioned here:

Officer MMG Scale II
Rs 19400 700/1 20100 800/10 – 28100/
Officer JMG Scale I
Rs 14500 600/7  18700 700/2 20100 800/7 – 25700/

SO Pay Revised By 7th Pay Commission:
  • Specialist Officers enjoy an excess of perks in Indian banks, usually equivalent to Probationary Officers (PO) in same rank.
  • The starting salary of an IBPS Specialist Officer is around 30500 INR in rural cities.
  • You can compute the in-hand pay by adding Basic Pay with latest DA component given Indian Banking Association’s website, HRA and the City Compensatory Allowance, if any.
  • The range of assistance provided to a Specialist Officer varies with financial institution. Many of them provide newspaper/laundry allowances, medical coverage, TA and rented accommodation.
Revised Bank SO 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


Things to Know About IBPS:

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.

Are You Finding Answer For This? : Is There Negative Marking In IBPS 

IBPS Specialist Officers (SO) Exam:

Those candidates who are searching officers posts in banking sector and they are preparing for IBPS they can apply for IBPS Specialist Officers (SO) Exam. This exam is conducted by the selection committee of organization for the engagement of Officers (Scale I), Agricultural Field Officers (Scale I), Rajbhasha Adhikari (Scale I), Law Officers (Scale I) and many other positions in different departments. This exam will be of 200 marks and having 200 questions.

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.

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Candidates keep stay in touch with us for getting more details about IBPS Specialist Officer Salary. Candidates can subscribe our free email section for getting more details 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.

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