IBPS SO 2021 Salary - In hand Salary, Benefits and Growth

Jayasree | Jan 13, 2021


Name of the Organisation
Institute of Banking Personnel Selection (IBPS)
Job Role
Specialist Officers (SO) Officer Scale I
Type of Job
Govt Bank Jobs
No of Vacancies
Job Location
Pan India
Official Site

IBPS Specialist Officers Scale I Salary 2021

IBPS recruits Specialist Officers every year for various positions. The notification is expected to be released shortly. Applicants who are fulfilling the eligibility conditions can apply before the closing date. In this session, we are providing information about the salary details. Proper knowledge of the salary structure and job profile will help the applicants to understand the kind of work they will be assigned and the allowances they can expect from the organization. Components of IBPS SO Salary like Basic pay, allowances, growth, etc details are discussed here.

IBPS SO Scale I Salary In Hand 2021

  • Basic Pay is Rs 23,700
  • Payscale for IBPS SO is 23700-980(7)-30560-1145(2)-32850-1310(7)-42020
ComponentSalary Structure
Dearness Allowance (DA)
36% Approx. Rs 8600/
House Rent Allowance (HRA)
According to the posting place of the candidate, it is between 7% to 9%
Special Allowances
Performance-based bonus 7.75% of DA+Basic
City Compensatory Allowance
According to the posting place of the candidate, it is between 0% to 4%.
Lease Allowance
It is optional and can be availed up to Rs29,500/ as per the place of posting.
PF Contribution
3000/- to 3500/-
In-Hand Salary
The gross salary is Rs 38000/ to Rs 39000. After all the deductions, Rs 33000/ to Rs 35000/- Credited.

IBPS SO Benefits 2021

The candidates selected for IBPS SO position will also be eligible to get medical allowances, House Furniture allowance, Entertainment Allowances, etc. These are the additional perks which the contenders are entitled to receive apart from the basic pay.

IBPS SO Scale I Promotions 2021

All the selected candidates will undergo training sessions, assessments to enhance their skills. Based on their performance, candidates will have a chance to get promoted to the next higher levels. The hierarchy of the promotion from junior level management to the top level of management is listed below. 

  • Junior Management Level - Officer/ Assistant Manager
  • Junior Management Level - Manager
  • Middle Management Level - Senior Manager
  • Senior Management Level -  Chief Manager
  • Senior Management Level -  Assistant General Manager
  • Top Management Level - Deputy General Manager
  • Top Management Level -  General Manager

Those who wanted to avail of these benefits and opportunities can apply for Bank Jobs.

Important Link

Other Important Links

Frequently Asked Questions

What is the In Hand Salary for IBPS SO Post?

The In Hand Salary for IBPS SO Post is 33000/ to Rs 35000/-

Is their any promotions for selected candidates of IBPS SO?

Yes, the list of hierarchy of the promotion from junior level management to top level of management is mentioned above.

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Being a content writer, I am providing clear information about Latest, Live, upcoming job notifications across the country. My Intension is to provide the genuine information for the folks who are preparing for various exams everyday

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