SBI SO Salary 2024, Check Perks And Allowance

SBI SO Salary 2024: The Specialist Officer (SO) is an important post in the State Bank of India (SBI). SBI recruits Specialist Officers for their various departments every year through a set of exams. It is one of the most sought after posts in SBI because of the job profile and the SBI SO salary offered. This is the reason why many candidates chose this post as a career prospect. SBI conducts exams for recruitment of Specialist Officers as there are multiple SBI openings that occur during a year.

SBI SO Job Profile 2024

• The Specialist Officer in SBI is a junior management post in the grade I-III officer rank in the bank. The job profile is also very diverse and the salary package varies according to the grade or posts.
• The specialist officer in SBI is recruited both on a regular and contract basis in different posts with diverse job profiles. The Specialist Officer Recruitment Notification comes to light every year between December and February.
• The SBI SO is recruited to perform activities in different areas including IT, law, marketing, audit, market research, data analytics, and many more.
• They are recruited in junior management grade and later promoted to middle and senior management grade to assume higher responsibilities.

SBI SO Admit Card 2024- Click to Download

SBI SO Salary Structure 2024

• The SBI specialist officer salary consists of a basic salary and other allowances and perks. The range of benefits provided to a specialist officer varies with the financial institution. SBI SO is one of the most prestigious positions in the financial sector. The SO Salary varies according to the grade and position.
• Candidates selected for SBI SO Recruitment 2024 will receive a monthly salary of Rs. SBI Clerks earn a basic salary of Rs 17900/- with an annual increment of Rs 1000/-, while their maximum basic salary is Rs 47920/-.

What is Meant by Grade Pay?

• Grade pay is the exact monetary compensation a person earns at a job that uses a pay grade system. Candidates want to know what is meant by grade pay before joining a job.
• It is a payment system that is structured and preset with a fixed amount of increments. Grade pay systems have multiple levels depending on the service years each of which has certain requirements.

SBI Deputy Manager Salary

• The pay scale of a deputy manager in SBI is quite handsome. A deputy manager in SBI draws a salary of INR 9.60 lakhs per year on average. This estimate is based upon 263 SBI deputy manager salary reports provided by employees or estimated based on statistical methods. If bonuses and additional compensation are considered, a deputy manager's salary in SBI comes to about INR 9.78 lakhs per year.

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SBI IT Officer Salary

• IT officers at the bank fall under the category of IBPS specialist officers. The salary structure is more or less fixed with increment levels and perks attached. The salaries are classified according to the scale of the position.
• The scale-1 SBI IT officer salary varies between INR 24,000 to INR 32,000 per month and for Scale II the basic pay structure is approximately INR 34,000 to INR 40,000 per month.

SBI Relationship Manager Salary

• The relationship managers appointed in SBI are accountable for servicing, managing, and building up healthy relationships with clients. The RM is responsible for managing the entire banking and financial needs of the customer as a single point of contact from the bank. This is a very prestigious and performance-oriented job position. The SBI relationship manager's salary ranges between INR 1.7 lakhs to INR 3.9 lakhs per year.

SBI Customer Relationship Executive Salary

• The customer Relationship Executive is responsible for providing on-ground support to Relationship Managers where documentation or an in-person meeting with the customer is required. They assist in collecting documents from the customers and sending them to the relevant department for service requests.
• The SBI customer relationship executive salary ranges between INR 2.7 Lakhs to INR 4.1 Lakhs per year. A customer relationship executive with experience between 1 year to 6 years draws an average salary of INR 3.3 lakhs per year.

SBI Assistant Vice President Salary

• An assistant vice president in a bank is usually a director at the regional level who takes the responsibility of managing a high-level trained workforce. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs.
• The salary of an assistant vice president in SBI ranges from INR 5.60 lakhs to INR 16.7 lakhs per year. This estimate is based on 23 assistant vice president SBI salary reports.
• After considering the factoring in bonuses and additional compensation, an AVP at the State Bank of India can expect an average pay of INR 11.5 lakhs per year.

SBI SO Perks and Allowances

• Dearness Allowance
• House Rent Allowance
• City Compensatory Allowance
• Provident Fund
• Pension Fund
• Medical Reimbursement
• Furniture Allowance

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