SBI SO 2020 : Salary, Job profile and Career growth

SBI SO 2020 : Salary, Job profile and Career growth

SBI SO salary is a handsome salary along with some amazing perks as offered by the State Bank of India. The SBI SO salary differs as per the Bank location.
In terms of pay, SBI SO salary is definitely better than any other PSUs. In SBI SO salary, the allowances are very good (leased accommodation, furniture allowance, 100% medical bills, petrol, mobile bills, entertainment allowance and the list go on and on). However, the allowances vary, depending upon the area of the postings.
Every aspirant should know the details about SBI SO salary, SBI SO job profile and SBI SO career growth, which will create interest and help in the better preparation of the exam. So, here ambitiousbaba is providing all the details about the SBI SO salary, SBI SO job description, SBI SO career growth etc.
Aspirants can check the details on SBI SO Salary, Promotion, career opportunity, job profile, responsibilities etc. below:

♦SBI SO Salary 

The Specialist Officer in State Bank of India takes home a handsome salary along with some amazing perks as offered by the Bank. The salary of a SBI SO differs as per the Bank location. Candidates can check the detail on SBI SO Salary by clicking on the link mentioned below.

SBI SO salary structure:

Particulars SBI Specialist Officer Salary Details
SBI SO Basic Salary Basic pay is INR 23700
HRA @ 9.0% or 8.0% or 7.0% depending on the place of posting
DA As per the latest rules of government, DA amount is INR 8605.88.
Special Allowance For scale I, it is paid @ 7.75%
Perks Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance, etc. 4,130
Least Accommodation Least Accommodation is up to Rs 29500, this is provided in lieu of HRA
CCA This is paid @ 4%, 3% or 0% depending on the place of posting

The table below has the SBI SO Pay Scale details of different posts:

Sr No Grade Scale of Pay
1 Junior Management Grade Scale I (JMGS I) 23700-980/7-30560-1145/2-32850-1310/7-42020
2 Middle Management Grade Scale-II (MMGS II) 31705-1145/1-32850-1310/10-45950
3 Middle Management Grade Scale III (MMGS III) 42020-1310/5-48570-1460/2-51490
4 Senior Management Grade Scale IV (SMGS-IV) 50030-1460/4-55870-1650/2-59170
  • Total In-Hand Salary after Deductions: Rs. 42,000/- Per month (approx)

SBI SO Pay Scale After Seventh Pay Commission

Assets Metro Cities (State Capital etc.) (District Level and Rural Areas)
Basic Pay Rs. 14500/- Rs. 14500/- Rs. 14500/-
Dearness Allowance Rs. 14485.5/- Rs. 14485.5/- Rs. 14485.5/-
CCA Rs. 540/- Rs. 375/-
Total SBI SO Salary (Excluding HRA) Rs. 29525.5/- Rs. 29360.5/- Rs. 28985.5/-
HRA Rs. 1232.50/- Rs. 1087.50/- Rs. 942.50/-
Total SBI SO Salary (including HRA) Rs. 30758/- Rs. 30448/- Rs. 29927.5/-

The table below has the SBI SO Pay Scale details of different Upper post:

Sr. No. Post SBI SO Salary
1. Faculty, SBIL, Kolkata Rs 25 lakh to Rs 40 lakh p.a.
2. Vice President
(Stressed Assets Marketing)
CTC of ₹.40.00 lacs to ₹.43.00 lacs
3. Chief Manager
(Special Situation Team)
Pay Scale:
50030-1460/4-55870-1650/2-59170
4. Deputy Manager
(Stressed Assets Marketing)
Pay Scale:
31705-1145/1-32850-1310/10-45950
5. Deputy Manager
(IS Audit)
6. Product Manager Pay Scale:
42020-1310/5-48570-1460/2-51490
7. Manager (Data Analyst)
8. Manager (Digital Marketing)
9. Manager (Anytime Channel)
10. SME Credit Analyst
11. Banking Supervisory Specialist Negotiable
12. Head (Product, Investment & Research) ₹ 80.00 lacs to ₹ 99.62 lacs
13. Central Research Team
(Portfolio Analysis & Data Analytics)
₹ 25.00 lacs to ₹ 50.00 lacs
14. Central Research Team (Support) ₹ 7.00 lacs to ₹ 10.00 lacs
15. Investment Officer ₹ 12.00 lacs to ₹ 18.00 lacs
16. Project Development Manager
(Technology)
₹ 12.00 lacs to ₹ 18.00 lacs
17. Relationship Manager ₹ 6.00 lacs to ₹ 15 00 lacs
18. Relationship Manager
(Team Lead)
₹ 10.00 lacs to ₹ 28.00 lacs
19. Chief Officer (Security) Fixed monthly emoluments of ₹1.40 lac
• Increment of ₹21,000/- in 2nd year and
• Increment of ₹24,000/- in 3 rd year
20. Executive (FI & MM) CTC Rs. 6.00 lacs
21. Sr. Executive
(Social Banking & CSR)
CTC Rs. 10.00 lacs
22. Sr. Executive
(Digital Relations)
CTC Rs 12.00 lac – Rs. 20 lac
23. Sr. Executive
(Analytics)
24. Sr. Executive
(Digital Marketing)

SBI SO Allowances & Perks:

In addition to the salary, the SBI Specialist Officer SO is granted with other allowances and perks such as

  • Dearness Allowance (DA) – As per Government’s rules
  • House Rent Allowance (HRA) – As per Government’s rules
  • Petrol – 50 Lts (For 2 wheelers) Or 55 Lts (For 4 Wheeler) Or Approx. Rs. 1100-1250 if you don’t have 2/4 wheeler (conveyance allowance).
  • Tea/Entertainment Expenses – 750 (approx.)
  • Newspaper Reimbursement – 550 (approx.)
  • Cleansing Material and Casual Labour – 700 (approx.) This perk is applicable only if one has availed furniture allowance facility of the bank.
  • Provident Fund (PF)
  • Contributory Pension Fund
  • City Compensatory Allowance (CCA)
  • Medical Reimbursement
  • Furniture Allowance
  • Leave fare concession (LFC)
  • Annual Increment in some cases

SBI SO 2020: Promotion and Career Opportunity

  • 1.Assistant Manager
  • 2.Deputy Manager
  • 3.Manager
  • 4.Chief Manager
  • 5.Assistant General Manager
  • 6.Deputy General Manager
  • 7.General Manager
  • 8.Chief General Manager
  • 9.Deputy Managing Director
  • 10.Managing Director
  • 11.Chairman

SBI SO 2020: Job Profile and Responsibilities

  • Maintaining IT infrastructure of the bank
  • Coordinating with vendors for development, maintenance, procurement of software, hardware and other services
  • Monitoring of technical infrastructure and its maintenance like database, security etc.
  • Data mining and reporting for business units
  • Troubleshooting PC issues
  • Server maintenance
  • Managing the maintenance of ATM machines
  • Troubleshooting proprietary software issues.
  • Some basic tasks like installation, formatting, and troubleshooting windows

SBI OFFERS:

  • Decent salary
  • High career growth
  • Lots of perks and other benefits.

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