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SBI SO 2021 Salary Structure, Pay Scale, Allowances & Benefits 2021

Updated On -

Jan 11, 2021

SBI SO is one of the highest paying banking jobs; nature of the jobs along with lucrative package attracts candidates to join service. SBI SO salary is admissible on monthly basis for all employees as per their posts. All selected candidates eligible to receive various allowances along with basic pay. Candidates need work experience and relevant qualification.

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SBI SO Salary

SBI SO Salary Pay Scale

Grade SBI SO Pay Scale
Junior Management Grade Scale I(JGMS I) 23700-980/7-30560-1145/2-32850-1310/7-42020
Middle Management Grade Scale-II (MMGS II) 31705-1145/1-32850-1310/10-45950
Middle Management Grade Scale-III (MMGS III) 42020-1310/5-48570-1460/2-51490
Senior Management Grade Scale IV(SMGS-IV) 50030-1460/4-55870-1650/2-59170
SBI Post-Wise Salary

SBI SO Post-Wise Salary

SBI SO Posts SBI SO Salary
Deputy Manager(Stressed Assets Marketing) Rs 31705-1145/1-32850-1310/10-45950
Chief Manager(Special Situation Team) Rs 50030-1460/4-55870-1650/2-59170
Vice President(Stressed Assets Marketing) Rs 40-43 Lakhs Per Annum
Manager(Anytime Channel) Rs. 42020-1310/5-48570-1460/2-51490
Executive(FI & MM) Rs 6 Lakhs Per Annum
Senior Executive( Social Banking & CSR) Rs. 10 Lakhs Per Annum
Senior Executive(Digital Relations) Rs 12-20 Lakhs Per Annum
Senior Executive(Analytics) Rs 12-20 Lakhs Per Annum
Senior Executive(Digital Marketing) Rs 12-20 Lakhs Per Annum
Faculty, SBIL, Kolkata Rs. 25-40 Lakhs Per Annum
Central Research Team(Portfolio Analysis & Data Analytics) Rs. 25-50 Lakhs Per Annum
Central Research Team(Support) Rs 7-10 Lakhs Per Annum
Investment Officer Rs 12-18 Lakhs Per Annum
Project Development Manager (Technology) Rs 12-18 Lakhs Per Annum
SME Credit Analyst Rs 42020-1310/5-48570-1460/2-51490
Product Manager Rs 42020-1310/5-48570-1460/2-51490
Manager(Data Analyst) Rs 42020-1310/5-48570-1460/2-51490
Manager(Digital Marketing) Rs 42020-1310/5-48570-1460/2-51490
Head( Product, Investment & Research) Rs. 80-99.62 Lakhs Per Annum
Relationship Manager Rs 6-15 Lakhs Per Annum
Relationship Manager(Team Lead) Rs 10-28 Lakhs Per Annum
SBI SO Allowances

SBI SO Salary: Perks and Allowances

The Perks and Allowances that received by an SBI SO vary from post to post. However, the perks that are offered to an SBI SO is immense. Given below is the post wise perks and allowances.

For MMGS GRADE SCALE III

The official will be eligible for Dearness Allowance (D.A), House Rent Allowance (H.R.A), City Compensatory Allowance(C.C.A), Provident Fund( PF), Contributory Pension Fund, LFC, Medical Facility etc. according to their basic pay.

Faculty, SBIL, Kolkata:

The official will be eligible for many expenses like Travelling Expenses (TE) for travelling by Taxi, Air Expenses (Economy Class) in case of travelling on official duties and Dearness Allowances (DA) equivalent to the Assistant General Manager of Bank. Also, they get House Rent Allowance (H.R.A), City Compensatory Allowance (C.C.A) etc according to their basic pay.

Chief Manager (Special Situation Team):

The official will be eligible for Dearness Allowance(D.A), House Rent Allowance( H.R.A), City Compensatory Allowance( C.C.A), Provident Fund( P.F), Contributory Pension Fund, LFC, Medical Facility as per rules.

Deputy Manager (Stressed Assets Marketing):

No perks or allowances or benefits other than the CTC are given for the officials posted.

Executive (FI & MM) & Sr. Executive (Social Banking and CSR):

These officials are given only Travel Allowance (T.E), Dearness Allowance (D.A), House Rent Allowance (H.R.A), and City Compensatory Allowance (C.C.A). If they fulfil bank’s condition there is an annual 10% increment in their salary.

Deputy Manager (IS Audit):

The official will be eligible for Dearness Allowance (D.A), House Rent Allowance (H.R.A), City Compensatory Allowance (C.C.A), Provident Fund (PF), Contributory Pension, LFC, Medical Facility etc.

SBI SO FAQs

FAQ’s

Ques. Does SBI SO post requires work experience?

Ans. Candidates applying for the post of Specialist Officer should be qualified in all edges. Candidates need to qualify the minimum eligibility criteria according to the post requires. The work experience varies from post to post. The experience plays a main role at the time of interview.

Ques. What is in hand Salary of SBI SO?

Ans. The In-hand salary differs from post to post and the seniority of the post.

Ques. What is the salary of DGM in SBI?

Ans. The scale of pay of DGM in SBI is around Rs 68680 per month.

Ques. What is the Salary of SBI Specialist Officer?

Ans. SBI specialist cadre Officer salary will be of 42020-1310/5-48570-1460/2-51490. Specifically according to the MMGS III grade scale.

Ques. Does SBI So get a pension?

Ans. There is no definite pension for those who have joined in the last decade.

Ques. Can SBI SO be freshers?

Ans. State Bank of India recruits suitable contestants for the posts of Specialist Officers. They can be freshers or experience according to the post.

*The article might have information for the previous academic years, please refer the official website of the exam.

Comments


2 Comments
R
riyaz
what is in hand salary of sbi so?
K
kavita rani

Hi Riyaz. The SBI SO Salary differs for all the grades and posts. Under the SBI SO Recruitment 2020, the selected candidates will be given a salary of INR 42,020 to INR 51,490 along with other allowances such as DA, HRA, PF, CCA, LFC, Contributory Pension Fund, Medical Facility and others.
Refer here to get more details.

R
riyaz
what is in hand salary of sbi so?
R
rakhisree chatterjee

Hi, Gross SBI Specialist Officer Salary is 23700 pm and one will get around 33000-35000 in hand after all DA, HRA, Bonus, TA, Medical Benefits and deductions. For more information, please refer, SBI PO Exam.