What is IBPS SO Salary 2024, Job Profile, In-Hand Salary, Allowances

1. 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 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?

2. 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:

3. IT Officers: IT Officers: You will be the tech wizards managing the bank’s digital infrastructure. Agriculture Field Officers: Agriculture Field Officers: Here, you will act as a bridge between banks and farmers. Rajbhasa Ad Rajbhasa Adhikari: hikari: You will be championing Hindi in official communications Law Officers: Law Officers: You will be responsible for handling everything from property deals to court cases HR/ Personnel Officers: 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: Basic Pay: ₹23,700 (not too shabby for a start, eh?) Pay Scale: 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

4. 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): Dearness Allowance (DA): About 36% of basic pay House Rent Allowance (HRA): House Rent Allowance (HRA): 7% to 9% (city-dependent) Special Allowance: Special Allowance: Around 7.75% of basic pay City Compensatory Allowance (CCA): 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: Gross Salary: ₹38,000 to ₹39,000 Net In Net In- -Hand Salary: 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

5. that is where the real treasure lies! Let’s look at some of the additional benefits that you are promised: 1.Pension Scheme: Pension Scheme: Your ticket to a comfortable retirement. No more worrying about post-retirement finances! 2.Gratuity: Gratuity: A handsome parting gift for your years of dedicated service. 3.Concessional Loans: Concessional Loans: As a SO, you will have access to various loan schemes at reduced interest rates. 4.Leave Travel Concession: Leave Travel Concession: Travel allowances will be provided by your bank 5.Holiday Homes: Holiday Homes: Enjoy discounted stays at bank-owned holiday properties across India 6.Medical Benefits: 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 the best competition coaching in Sikar—without any worries! Source Link: Source Link:- - https://theomnibuzz.com/what-is-ibps-so-salary-2024-job-profile-in-hand- salary-allowances/