SBI SO Salary 2024, Pay Scale, Perks and Allowances

SBI SO Salary 2024 has been discussed here for the Special Officer posts. Candidates can get details of SBI SO Salary 2024, Pay Scale, Salary Structure, Allowances and Benefits here in this article.

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Candidates interested in the SBI SO positions can review the SBI SO Salary 2024 details before applying for the recruitment process. The SBI SO job profile is highly sought after, with a competitive pay scale that distinguishes it from other Bank SO Exams. This article provides insights into the SBI SO Salary structure, including information on allowances, perks, and additional benefits.

SBI SO Salary 2024

Specialist Officers are classified into various grades with specific pay scales, which include competitive perks such as Dearness Allowance (DA), House Rent Allowance (HRA), and annual performance-based increments. SBI provides both contractual and regular positions, each offering unique benefits, ensuring a fulfilling career with one of India’s leading public sector banks. The SBI SO Salary 2024 ranges between Rs 30,000 to Rs 1,00,000 per month which depends upon the category.

SBI SO Salary 2024 Pay Scale

The post-wise SBI SO 2024 Pay Scale details have been shared in the table below along with the grade and the posts advertised.

SBI SO Pay Scale 2024
Post Name	Grade	Pay Scale
Assistant Manager	JMGS-I	36000-1490/7-46430-1740/2-49910-1990/7/-63840
Assistant General Manager	SMGS-V	89890-2500/2-94890-2730/2-100350
Manager	MMGS-III	63840-1990/5-73790-2220/2-78230
Deputy Manager	MMGS-II	48170-1740/1-49910-1990/10-69810
Chief Manager	SMGS-IV	76010-2220/4-84890-2500/2-89890
Project Manager	MMGS-II	48170-1740/1-49910-1990/10-69810
Senior Project Manager	SMGS-IV	76010-2220/4-84890-2500/2-89890

SBI SO Annual Package 2024

The Annual Cost to Company (CTC) will be based on the candidate’s experience, current salary, and job location. The CTC package for the SBI SO Salary 2024 includes 70% fixed pay and 30% variable pay. Annual increments are as follows:

1st year: 5% increase
2nd year: 6.5% increase
3rd year: 7% increase

SBI SO Salary 2024 Post Wise

The SBI SO Salary 2024 for all the posts offered has been discussed in the table given below. The highest salary offered for a SBI SO post is Deputy Manager, which can be between 9.6 Lakhs to 9.78 Lakhs.

SBI SO Posts	Pay Scale
Deputy Manager	9.60 lakhs – 9.78 lakhs
IT Officer (Scale I)	2.88 lakhs – 3.84 lakhs
IT Officer (Scale II)	4.08 lakhs – 4.80 lakhs
Relationship Manager	1.7 lakhs – 3.9 lakhs
Customer Relationship Executive	2.7 lakhs – 4.1 lakhs
Assistant Vice President	5.60 lakhs – 16.7 lakhs

SBI SO Salary Roles and Responsibilities

Along with the salary, candidates must also know about the roles and responsibilities they need to handle. As a Specialist Officer, the job role which a candidate has to fulfil is shared below:

Communicate with customers and business partners to understand their needs.
Identify and manage tasks related to their specific field as required by the business.
Install, configure, and monitor systems and servers.
Troubleshoot and resolve any issues that arise.
Prepare and submit status reports after collecting data from different departments.

SBI SO Salary 2024 Allowances

The SBI SO Salary 2024 comes with several perks and allowances to enjoy. The details of the allowances has been discussed below for the candidates which includes Dearness Allowance, House Rent Allowance, Medical Facility, etc.

Dearness Allowance (DA): Compensates for inflation to protect employees’ salaries.
House Rent Allowance (HRA): Helps employees cover accommodation expenses.
City Compensatory Allowance (CCA): Additional allowance to offset the higher cost of living in metro cities.
Provident Fund (PF): A mandatory savings scheme for employees.
Contributory Pension Fund (NPS): Provides retirement benefits to employees.
Leave Fare Concession (LFC): Permits employees to travel with their families.
Medical Facility: Offers comprehensive healthcare coverage for employees and their dependents.
Other Perks: Includes variable pay based on performance appraisal, annual increments according to the CTC structure, and more.

Other Link Related to SBI SO
SBI SO Recruitment 2024	SBI SO Apply Online
SBI SO Salary	SBI SO Admit Card 2024
SBI SO Result 2024

FAQs

1. What is the salary for an SBI Specialist Officer (SO) in 2024?

The salary varies by post. For example, an Assistant Manager (JMGS-I) earns between ₹36,000 and ₹63,840, while an Assistant General Manager (SMGS-V) earns between ₹89,890 and ₹1,00,350.

2. What is the annual package for an SBI Specialist Officer (SO)?

The annual CTC includes 70% fixed pay and 30% variable pay. Annual increments are 5% in the first year, 6.5% in the second year, and 7% in the third year.

3. What are the roles and responsibilities of an SBI Specialist Officer (SO)?

SBI SOs communicate with customers and business partners, manage field-specific tasks, install and monitor systems, troubleshoot issues, and prepare status reports.

4. How do contractual and regular positions for SBI SOs differ?

Ans. Contractual posts are offered initially for 1 year, renewable up to 5 years with variable pay. Regular posts offer full benefits like DA, HRA, CCA, PF, NPS, LFC, and medical facilities per bank rules.

5. What is the salary structure for SO Posts?

Ans. The salary structure for an SO Posts includes basic pay, dearness allowance, and other allowances such as house rent allowance, medical allowance, and compensatory city allowance.