SBI SO Salary 2024, Pay Scale, Perks and Allowances

Candidates who are interested in the SBI SO Job can check the details of the SBI SO Salary 2024 here. The job profile of an SBI SO is the one that is one of the most coveted ones. The pay scale that is offered for every job profile in SBI SO is a distinguished one that sets it apart from other Bank SO Exams. This article will give an idea about the SBI SO Salary profile with information on allowances, perks, and other 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 Annual Package

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 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 Perks and Allowances

Along with the SBI SO Salary 2024, candidates are also subjected to certain Perks and Allowances. The details of the SBI SO Perks and Allowances 2024 have been shared below.

• DA
• HRA
• CCA
• PF
• Contributory Pension Fund i.e., NPS, LFC
• Medical Facility etc

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 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.

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

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