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 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 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 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.
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.