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SBI SO Salary 2024
Every year, State Bank of India releases the notification to recruit candidates for the various positions of Specialist Officer in the different branches all across the country. The notification PDF comprises the detailed SBI SO Salary 2024 along with basic pay as well as the perks and allowances. The job profile of a Specialist Officer attracts many banking aspirants because of its lucrative salary structure and perks. In this article, we have discussed in detail the SBI SO Salary 2024.
SBI SO Salary
State Bank of India offers a lucrative salary to the employees designated for the position of Specialist Officer including the basic pay and the allowances. The scale of pay varies Grade-wise for the regular as well as contractual posts such as Deputy Manager, IT Officer, Relationship Manager, Vice President, etc. Aspirants can refer the given article for the detailed SBI Specialist Officer Salary 2024, Perks, Allowances, Job Profile, and Career Growth.
SBI SO Salary 2024: Salary Structure
The table below provides a detailed breakdown of the SBI SO Salary Structure 2024, categorized by different positions. It offers candidates complete information on the salary packages along with grade and scale of pay.
| SBI SO Salary 2024: Salary Structure | |
|---|---|
| Grade (Regular Position) | Scale of Pay |
| 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 Annual Cost to Company (CTC) is flexible and will be determined based on the candidate’s experience, current earnings in their current job, and the location of their posting. The CTC package consists of 70% fixed components and 30% variable pay. There will be an annual increment in the CTC, with increments of 5%, 6.5%, and 7% for the 1st, 2nd, and 3rd annual increments, respectively.
SBI SO Salary 2024: Perks & Allowances
Apart from the salary, there are various perks and allowances provided to SBI SO. Candidates can check below the complete perks & allowances.
- House Rent Allowance
- City Compensatory Allowance
- Special Allowance
- Leave Travel Allowance
- Dearness Allowance
- Conveyance Allowance
- Medical Allowance
- Pension Fund
- Medical Facility
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