SBI Specialist Officer (SO) Salary for 2024 offers an attractive salary package that reflects the high level of responsibility and expertise required for this role. The salary structure varies depending on the grade, such as JMGS-I, MMGS-II, and MMGS-III and includes a competitive basic salary along with various perks and allowances. These include House Rent Allowance (HRA), Dearness Allowance (DA), and City Compensatory Allowance (CCA). Apart from the attractive salary, SBI SO also gets several benefits such as medical coverage, leave policy, and retirement plan, making it a sought-after position in the banking sector.
SBI SO Salary 2024
State Bank of India offers attractive salary including Basic Pay and Allowances to the employees nominated for the post of Specialist Officer. The pay scale varies grade-wise for regular as well as contractual posts like Deputy Manager, IT Officer, Relationship Manager, Vice President, etc. Interested candidates can check the given article for detailed SBI Specialist Officer Salary 2024, Allowances, Job Profile and Career Growth.
SBI SO Salary Structure
The table given below gives a detailed description of the SBI SO salary structure 2024 classified according to various posts. It provides the candidates with complete information about the salary package along with the grade and pay scale.
| SBI SO Salary 2024: Salary Structure | |
|---|---|
| Grade(Regular Post) | pay scale |
| JMGS I | Basic Pay: 36000-1490/7-46430-1740/2-49910-1990/7/-63840 |
| MMGS II | Basic Pay: 48170-1740/1-49910-1990/10-69810 |
| MMGS III | Basic Pay: 63840-1990/5-73790-2220/2-78230 |
| SMGS IV | Basic Pay: 76010-2220/4-84890-2500/2-89890 |
| SMGS V | Basic Pay: 89890-2500/2-94890-2730/2-100350 |
The Company’s Annual Cost of Pay (CTC) is flexible and will be decided based on the candidate’s experience, current income in their current job and their location of posting. The CTC package consists of 70% fixed component and 30% variable pay. There will be an annual increase in CTC, with an increase of 5%, 6.5% and 7% for the first, second and third annual increments, respectively.
SBI SO Salary Allowances and Benefits
Apart from the salary, SBI SO is also given various allowances and facilities. Candidates can check all the allowances and facilities given below.
- House Rent Allowance
- City Compensatory Allowance
- Special Allowance
- Leave Travel Allowance
- dearness allowance
- conveyance allowance
- Medical Allowance
- pension fund
- medical facility
SBI SO Salary: Job Profile and Promotion
Candidates selected for the post of Specialist Officer in State Bank of India must be familiar with the job responsibilities. The job profile of the SO completely depends on the post they are appointed to. The general SBI SO job profile is discussed in the given section.
- Communicate with customers and business partners to evaluate and understand objectives.
- As per the business requirements, specialist officers assign tasks related to specific areas.
- Handling installation, configuration and monitoring of systems/servers.
- If any problem arises in any work then expert officers look into it and solve it.
- After receiving the data from various departments the expert officer prepares the status report and submits it to the appointed authority.
SBI SO Salary: Know Annual Package
State Bank of India offers attractive salaries to Specialist Officers and this is the reason why candidates apply for this prestigious post. The annual package of SBI SO varies according to the post as the pay scale varies according to the grade. The annual package also varies due to the perks and allowances as it depends on the place of posting, scale, etc. Candidates should take care of the minimum and maximum annual package for the post they are applying for.
