What is IBPS SO Salary 2024, Job Profile, In-Hand Salary, Allowances
                     What is IBPS SO Salary 2024, Job  
Profile, In-Hand Salary, 
Allowances
So, you have decided to take the plunge and clear the Indian banking  
examination? It is a solid career option if we might say. A stable job, 
decent  income, excellent job security and ample opportunity to grow — 
what is  there not to like? And one of the most coveted jobs for many is 
the position  of IBPS SO. But before you enrol in IBPS coaching classes in
 Sikar and give  it your all, you should first learn more about what this 
opportunity actually  offers you.
Don’t worry—you won’t need to scour the web to learn more about it—we 
 have compiled some of the most critical information for you to review. 
So,  without any further ado, let’s  get started, shall we?
An Overview of this Position
First things first — what exactly is this position? Well, the IBPS is actually  
an abbreviation used for Institute of Banking Personnel Selection. Many 
of  the banking exams are conducted by this authority. And SO? Well, it 
stands  for Specialist Officer.
Yeah, you read this right. Specialist Officer. They are not your run-of-the-
mill  banking positions. We are talking roles like IT Officer, Agriculture 
Field  Officer, Rajbhasha Adhikari, Law Officer, Marketing Officer and more. 
So,  they are a pretty big deal.
What is the Recruitment Process?
Naturally, the next question that any aspirant would ask — just what is 
the  recruitment process. A great question. Basically, it is a three-round  
knockout. These are the rounds —
1. Prelims
2. Mains
3. Interview
Once you have cleared all this, then you will be selected as an IBPS SO.
Job Profile: What Do They Actually Do
Now that we have covered an overview of this position as well as the 
 recruitment process let’s talk a bit about what a person in this 
position
does. Well, the answer to this actually depends on your specialisation. 
In  the case of:
 IT Officers: You will be the tech wizards managing the bank’s 
digital  infrastructure.
 Agriculture Field Officers: Here, you will act as a bridge between 
banks  and farmers.
 Rajbhasa Adhikari: You will be championing Hindi in 
official  communications
 Law Officers: You will be responsible for handling everything 
from  property deals to court cases
HR/ Personnel Officers: From hiring to retiring, you will manage it all  
Marketing Officers: Here, your task is pretty simple — making the 
bank’s  products irresistible to all
Sounds simple, right? And do you know what the best part is — there is 
 ample opportunity for you to grow. You can start as a Scale I officer, 
and  who knows?
How Much Would You Earn
Now, let’s talk about the numbers. For 2024, here is what the 
salary  structure for someone who gets into a job position looks 
like:
 Basic Pay: ₹23,700 (not too shabby for a start, eh?)
 Pay Scale: ₹23,700 — ₹42,020
 Structured Increments Included
Are you confused by that last bit? Don't worry—it basically means 
your  salary will increase regularly.
Allowances and Benefits
If you are under the impression that this is all, then you could not be more  
wrong. The salary is just the beginning; it is the perks that actually take 
the  cake. Here is a list of just some of the allowances you can expect 
from this:
 Dearness Allowance (DA): About 36%  of bas ic pay
 House Rent Allowance (HRA): 7% to 9% (city-dependent)
 Special Allowance: Around 7.75%  of bas ic pay
 City Compensatory Allowance (CCA): 0% to 4% (location-based)
And that is not all! You also get perks like medical allowances, 
newspaper  allowances, and even entertainment allowances! It is like the 
bank is  saying, “Here, have some fun, and the bill is  on us!”
So, What is the In-Hand Salary?
After all is said and done, what one really cares about is just how 
much  they are getting in hand. Well, here is what you are looking at 
—
 Gross Salary: ₹38,000 to ₹39,000
 Net In-Hand Salary: Approximately ₹33,000 to ₹35,000
Not too shabby for a government job with stability, right?
Additional Financial Benefits That You Should Know 
 About
When you are eyeing an IBPS SO position, you should not focus too much 
 on the immediate paycheck. In fact, you would be wise to look at the  
longer-term benefits that come with this position. Think long-term 
because
that is where the real treasure lies! Let’s look at some of the 
additional  benefits that you are promised:
1. Pension Scheme: Your ticket to a comfortable retirement. No 
more  worrying about post-retirement finances!
2. Gratuity: A handsome parting gift for your years of dedicated 
service.
3. Concessional Loans: As a SO, you will have access to various 
loan  schemes at reduced interest rates.
4. Leave Travel Concession: Travel allowances will be provided by 
your  bank
5. Holiday Homes: Enjoy discounted stays at bank-owned 
holiday  properties across India
6. Medical Benefits: Comprehensive health coverage for you and 
your  family
These long-term perks truly make this position stand out. Honestly, it is 
not  a job; it is an investment in your future financial security and overall 
well-  being.
Final Words
There you have it, folks—our two cents on what comes with an IBPS 
SO  position. Now that you know everything you need to know, you can 
join  Banco Career Academy—the best competition coaching in Sikar—
without  any worries!
Source Link:-  
https://theomnibuzz.com/what-is-ibps-so-s
alary-2024-job-profile-in-hand-
salary-allowanc
es/