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IBPS SO Salary 2021: Know in-hand salary, perks, allowances, and job profile

Safalta Expert Published by: Silky Joshi Updated Wed, 21 Jul 2021 09:22 PM IST


Get details on IBPS SO Salary 2021 at Know in-hand salary, along with other additional allowances, benefits, job profile and career growth

The candidates who are selected in the Institute of Banking Personnel Selection, Specialist Officer post are subjected to receive a handsome IBPS SO Salary. According to the official notification, the IBPS SO is provided with basic pay of Rs. 23,700 and are also allowed with major allowances like DA, HRA, Special Allowances, and Medical allowances. 

Along with the basic salary, the candidates of IBPS SO also get a lot of perks and benefits in terms of career growth. The candidates can check the basic job profile, IBPS SO Salary 2021, Career growth, etc on this page.

IBPS SO Salary

The gross salary of an IBPS SO lies in the range of approximately Rs. 46,000 to Rs. 48,000. After all the deductions are done the in-hand salary of IBPS SO is around Rs. 42,000 to Rs. 44,000. 

  • Dearness Allowances
  • House Rental Allowances
  • City Compensatory Allowance
  • Special Allowance

IBPS SO salary

Pay in Rupees


Rs 23,700

Dearness Allowance

36% of the Basic Pay

House Rent Allowance

7.99% of the Basic Pay

CC Allowance

0%-4% depending on tier 1- tier 3 city

PF Contribution

Rs. 3,000 - Rs. 3,500

Special Allowance

7.75% of Basic pay + DA

Gross Salary

Rs 46,000- Rs 48,000

Net Salary

Rs 42,000-Rs 44,000

IBPS SO Job Profile

The candidates can check out the IBPS SO Job Profile in the space below:

  • The work of an IBPS SO is to Promote his Bank and bring new business deals and customers.
  • They suggest cost-effective policies to increase the Bank's profit.
  • They have to handle various Marketing Channels like Newspapers, Advertisements, Banners and Promotional Events, etc.

IBPS SO Career Growth 

The IBPS SO gets promoted either on the basis of their performance. The candidates upon joining the corporation are subjected to receive promotion levels as follows 

  • Assistant Manager
  • Manager
  • Senior Manager
  • Chief Manager
  • Asst. General Manager
  • Deputy General Manager
  • General


Ques 1: How much does an IBPS SO make per month?

Ans 1:  A IBPS SO makes at least Rs 42,000 to 47,000 per month

Ques 2:What is the basic salary of an IBPS SO?

Ans 2: The basic salary of an IBPS SO is Rs. Rs 23,700. 

Ques 3:Which is the minimum pay scale for an SO in IBPS?

Ans 3: The minimum pay scale for an SO in IBPS is Rs 21,865.

Ques 4:Do you get a salary after the IBPS SO exam?

Ans 4: No salary is only received once the candidate joins the department as an IBPS SO.

Ques5:Is there any career growth for the IBPS SO?

Ans 5: Yes, the candidates can appear in the internal exam and seek promotions to the posts of Scale 2 and Scale 3 officer.

Source: Safalta

Also read:

IBPS PO Salary IBPS RRB PO Salary IBPS RRB Clerk Salary IBPS Clerk Salary

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