IBPS SO Recruitment 2021: Salary, Job Profile & Career Growth

November 10, 2021

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When considering jobs, candidates always take into account the salary and benefits they will receive in lieu of their service, as well they should! In fact, when considering public sector jobs, there is no dearth of perks that you will enjoy during your service. In this article, we will discuss at length the salary, job profile and career growth of Specialist Officers that work with the public sector banks in India.

IBPS SO Recruitment 2021

The IBPS SO notification 2021 was released on November 2 for the recruitment of 1828 Specialist Officers in 6 streams. For those of you who wish to apply for any of these Specialist Officer posts, you should do that immediately. The IBPS SO application window will remain open between November 3, 2021 and November 23, 2021.

Take a look at the total IBPS SO vacancies announced for 2022-23.

IBPS SO Salary

Take a look at the details of the lucrative salary received by Scale 1 Specialist Officers.

Basic monthly salary: ₹23,700
Gross monthly salary: ₹38,000
Pay Scale: ₹ 23700-980/7-30560-1145/2-32850-1310/7-42020

Perks and Allowances

Aside from a handsome monthly salary, Specialist Officers also receive a number of monthly/ yearly allowances that aids them in taking care of their needs and enjoying a comfortable lifestyle.

Monthly Allowances

House lease- ₹7000
Petrol- ₹3000
Newspaper- ₹500
Mobile- ₹500
Cleaning- ₹ 650

Yearly Allowances

Entertainment- ₹5000
Medical- ₹8000

In case you were not already motivated enough earlier, we hope this dishy pay scale and added perks convince you to try your luck with this exam. Take a look at the detailed IBPS SO Notification 2021.

IBPS SO Job Profile

Let us now one by one quickly glance over the duties and responsibilities for Specialist Officers for each stream.

Agriculture Field Officer

Stimulating rural financing
Promoting the products offered by banks in rural areas and among farmers
Expending farmer loans
Monitoring agricultural loans

This year, a whopping 884 vacancies have been released for this post. Begin your preparation today with ixamBee’s IBPS SO AFO Online Course.

IT Officer

Data maintenance and tech support
Hardware & network security
Troubleshooting hardware/software errors
Taking care of ATM, internet and mobile banking queries and concerns

Legal Officer

Ensure that the bank follows all the rules and regulations directed by the RBI
Draft legal documents for the bank
Guides the bank to act in accordance with various laws like Banking Regulation Act, Foreign Exchange Management Act and Companies Act

HR/ Personnel Officer

Overseeing all HR activities
Informing job applicants of job duties, responsibilities, benefits, schedules, working conditions, promotion opportunities
Ensuring the completion of paperwork for new recruits
Addressing any employment relations issues, such as work complaints and harassment allegations
Processing all personnel action forms and ensuring proper approval
Amend and reform HR policies of the bank if and when required

Confused about where to begin? Our IBPS SO HR Officer Online Course has been especially curated for you to begin your preparation from scratch.

Marketing Officer

Promote the bank and its business
Formulating bank policies
Supporting the marketing manager in overseeing the department’s functions
Look into all aspects of marketing
Research and analyses of current market trends, competitor offerings, demographics and all other constants and variables that affect marketing strategies
Appraise and evaluate all marketing campaigns and ideas before they are put into action

Rajbhasha Adhikari

Translating and proofreading banking documents from Hindi to English and vice-versa
Training employees in the local language

Take a look at ixamBee’s IBPS SO Rajbhasha Exclusive Online Course

IBPS SO Career Growth

Irrespective of which specialized stream you join with, the career progression opportunities for a Scale 1 Specialist Officer with public sector banks have been provided for you below.

Scale 1 – Officer / Assistant Manager (You start here)
Scale 2 – Manager
Scale 3 – Senior Manager
Scale 4 – Chief Manager
Scale 5 – Asst. General Manager
Scale 6 – Deputy General Manager
Scale 7 – General Manager.

IBPS SO Exam Preparation

For all your study-related needs, ixamBee is your one-stop solution. We offer a range of online courses to help you prepare for this exam in a field of your choosing. Follow the links to learn more.

IBPS SO Law Officer Exclusive Online Course

IBPS SO IT Officer Exclusive Online Course

IBPS SO Marketing Officer Online Course

We wish you the very best!