IBPS SO Vacancy – Number of Openings, Bank Wise Details, Salaries

Institute of Banking Personnel Selection or IBPS has released IBPS SO vacancy for a total of 6 posts including Law Officer (Scale I), I.T. Officer (Scale-I), Marketing Officer (Scale I), Rajbhasha Adhikari (Scale I), Agricultural Field Officer (Scale I), and HR/Personnel Officer (Scale I) all over India. Being one of the most in-demand jobs in India, IBPS has received numerous applications for the above-mentioned banking posts.

Institute of Banking Personnel Selection had released the notification on 2nd November 2021 for the upcoming IBPS SO (Specialist Officer) exam. IBPS has announced a total of 1828 vacancies for the year 2021. Besides this, candidates need to understand that the number of vacancies is indicative and is subject to change further

In addition to the important aspects of the exam like IBPS SO syllabus or exam pattern, Buddy4Study has compiled additional information like job profile, salary and career opportunities through IBPS in the below article.

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IBPS SO Vacancy – Post-wise (2021)

As per the latest notice of IBPS, the application process was active till 23rd November 2021. Candidates with the minimum educational qualification of a Graduation degree (or its equivalent examination) with ages between 20 to 30 years as of 26.11.2021 will be considered eligible to sit for IBPS SO Prelims exam.

The number of IBPS SO vacancies for different posts in 2021 are as follows.

IBPS SO Vacancy 2021

IBPS SO Posts Vacancy
I.T. Officer Scale 1 220
Agricultural Field Officer Scale 1 884
Rajbhasha Adhikari Scale 1 84
Law Officer Scale 1 44
HR/Personnel Officer Scale 1 61
Marketing Officer Scale 1 535
Total 1828

IBPS SO Vacancy 2020 (for Comparison)

The number of vacancies announced for various posts of IBPS SO in the previous year (2020) was lower than what has been announced for the current year. Candidates will find the accurate number of vacancies that IBPS declared for the year 2020 in the table below.

IBPS SO Vacancy 2019

IBPS SO Posts Vacancy
I.T. Officer Scale 1 20
Agricultural Field Officer Scale 1 485
Rajbhasha Adhikari Scale 1 25
Law Officer Scale 1 50
HR/Personnel Officer Scale 1 7
Marketing Officer Scale 1 30
Total 647

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IBPS SO Vacancy – Bank wise Vacancies

The pay scale for various IBPS SO posts is planned by the Institute of Banking Personnel Selection Candidates will find the total number of vacancies (bank-wise) and the pay scales for IBPS (according to IBPS SO Notification 2021) in the tables below:

IBPS SO Vacancy for Marketing Officer

BANK
SC

ST

OBC

EWS

GEN
TOTAL Out of Which (PWBD)
HI OC VI ID
Bank of Baroda NR NR NR NR NR NR NR NR NR NR
Bank of India 3 1 6 2 13 25 1 0 0 0
Bank of Maharashtra NR NR NR NR NR NR NR NR NR NR
Canara Bank 1 0 2 1 6 10 0 0 0 0
Central Bank of India NR NR NR NR NR NR NR NR NR NR
Indian Bank NR NR NR NR NR NR NR NR NR NR
Indian Overseas Bank NR NR NR NR NR NR NR NR NR NR
Punjab National Bank NR NR NR NR NR NR NR NR NR NR
Punjab & Sind Bank NR NR NR NR NR NR NR NR NR NR
UCO Bank NR NR NR NR NR NR NR NR NR NR
Union Bank of India 51 25 81 73 270 500 5 5 5 5
Total 55 26 89 76 289 535 6 5 5 5

IBPS SO Vacancy for HR/Personnel Officer

BANK
SC

ST

OBC

EWS

GEN
TOTAL Out of Which (PWBD)
HI OC VI ID
Bank of Baroda NR NR NR NR NR NR NR NR NR NR
Bank of India 0 0 1 0 5 6 0 0 0 0
Bank of Maharashtra NR NR NR NR NR NR NR NR NR NR
Canara Bank NR NR NR NR NR NR NR NR NR NR
Central Bank of India 3 1 6 2 13 25 0 1 0 0
Indian Bank NR NR NR NR NR NR NR NR NR NR
Indian Overseas Bank NR NR NR NR NR NR NR NR NR NR
Punjab National Bank NR NR NR NR NR NR NR NR NR NR
Punjab & Sind Bank NR NR NR NR NR NR NR NR NR NR
UCO Bank NR NR NR NR NR NR NR NR NR NR
Union Bank of India 3 2 5 4 16 30 1 0 0 0
Total 6 3 12 6 34 61 1 1 0 0

IBPS SO Vacancy for Law Officer

BANK
SC

ST

OBC

EWS

GEN
TOTAL Out of Which (PWBD)
HI OC VI ID
Bank of Baroda NR NR NR NR NR NR NR NR NR NR
Bank of India 0 0 1 0 3 4 0 0 0 0
Bank of Maharashtra NR NR NR NR NR NR NR NR NR NR
Canara Bank 1 0 2 1 6 10 0 0 0 0
Central Bank of India NR NR NR NR NR NR NR NR NR NR
Indian Bank NR NR NR NR NR NR NR NR NR NR
Indian Overseas Bank NR NR NR NR NR NR NR NR NR NR
Punjab National Bank NR NR NR NR NR NR NR NR NR NR
Punjab & Sind Bank NR NR NR NR NR NR NR NR NR NR
UCO Bank NR NR NR NR NR NR NR NR NR NR
Union Bank of India 3 2 5 4 16 30 0 0 0 1
Total 4 2 8 5 25 44 0 0 0 1

IBPS SO Vacancy for Rajbhasha Adhikari

BANK
SC

ST

OBC

EWS

GEN
TOTAL Out of Which (PWBD)
HI OC VI ID
Bank of Baroda NR NR NR NR NR NR NR NR NR NR
Bank of India 0 0 1 0 3 4 0 0 0 0
Bank of Maharashtra NR NR NR NR NR NR NR NR NR NR
Canara Bank 1 0 2 1 6 10 0 0 0 0
Central Bank of India 2 1 3 1 8 15 0 0 0 0
Indian Bank NR NR NR NR NR NR NR NR NR NR
Indian Overseas Bank NR NR NR NR NR NR NR NR NR NR
Punjab National Bank NR NR NR NR NR NR NR NR NR NR
Punjab & Sind Bank NR NR NR NR NR NR NR NR NR NR
UCO Bank NR NR NR NR NR NR NR NR NR NR
Union Bank of India 6 2 9 8 30 55 0 0 1 1
Total 9 3 15 10 47 84 0 0 1 1

IBPS SO Vacancy for Agricultural Field Officer

BANK
SC

ST

OBC

EWS

GEN
TOTAL Out of Which (PWBD)
HI OC VI ID
Bank of Baroda NR NR NR NR NR NR NR NR NR NR
Bank of India 3 1 6 2 12 24 0 1 0 0
Bank of Maharashtra NR NR NR NR NR NR NR NR NR NR
Canara Bank 45 22 81 30 122 300 3 3 3 3
Central Bank of India 45 22 81 29 123 300 3 3 3 3
Indian Bank NR NR NR NR NR NR NR NR NR NR
Indian Overseas Bank NR NR NR NR NR NR NR NR NR NR
Punjab National Bank NR NR NR NR NR NR NR NR NR NR
Punjab & Sind Bank NR NR NR NR NR NR NR NR NR NR
UCO Bank NR NR NR NR NR NR NR NR NR NR
Union Bank of India 27 13 42 38 140 260 3 3 3 2
Total 120 58 210 99 397 884 9 10 9 8

IBPS SO Vacancy for IT Officer

BANK
SC

ST

OBC

EWS

GEN
TOTAL Out of Which (PWBD)
HI OC VI ID
Bank of Baroda NR NR NR NR NR NR NR NR NR NR
Bank of India 10 5 18 7 30 70 1 0 1 1
Bank of Maharashtra NR NR NR NR NR NR NR NR NR NR
Canara Bank 3 1 5 2 9 20 0 0 0 0
Central Bank of India 3 1 6 2 13 25 0 1 0 0
Indian Bank NR NR NR NR NR NR NR NR NR NR
Indian Overseas Bank NR NR NR NR NR NR NR NR NR NR
Punjab National Bank NR NR NR NR NR NR NR NR NR NR
Punjab & Sind Bank NR NR NR NR NR NR NR NR NR NR
UCO Bank 11 5 19 7 33 75 0 1 1 1
Union Bank of India 3 2 5 4 16 30 0 1 0 0
Total 30 14 53 22 101 220 1 3 2 2

IBPS SO Vacancy – Job Profiles

The job profile of Specialist Officers varies from post to post. For easy understanding, candidates can find the job description for various posts in the below table:

Job responsibilities for IBPS SO Officers 2021

Post Job Description
Rajbhasha Adhikari
  • Promotes official language
  • Conducting language-related workshops
  • Translation of documents
Law Officer
  • Represents the bank in case of suits filed
  • Takes care of the legal documents/ matters of the bank
  • Ensures that bank’s engagement in deals/ contracts is legal
  • Ensures compliance with RBI norms
IT Of Officer
  • Looks after the Core Banking System (CBS) of the bank
  • Manages Internet/ Mobile Banking, ATMs, Kiosks etc.
  • Looks after bank software
  • Manages technological issues of banking operations 
  • Looks after the security of the bank network to avoid cybercrime
Marketing Officer
  • Ensures smooth state or region-wise marketing and promotional activities
  • Responsible for advertising and coordinating with the agencies for the same
  • Research for new products that would be viable growth options for the bank
  • Comes up with marketing strategies to scale up the sales/project
HR/ Personnel Officer
  • Conducting training for the employees
  • Maintenance of employee database
  • Performance evaluation of employees
  • Conducting the recruitment process
  • Designing welfare schemes for employees as well as compensation and promotion policies
Agriculture Field Officer
  • Lead generation
  • Coordinating with other RRBs, NABARD, and other organizations

IBPS SO Notification – Salaries

Candidates selected in the IBPS SO Mains exam will undergo proper training as per the post. After completing the training, they will be posted to different allotted banks. The salary of the selected candidates (later appointed officer) is based on different scales (Grades) and will vary as per the post. 

IBPS SO Salary

Grade Salary
Officer Scale I

Junior Management

Pay Scale: Rs. 23,700 – (980/7) – 30,560 – (1,145/2) – 32,850 – (1310/7) – 42,020/-

Monthly salary: Rs. 28,000 – Rs. 36,400 /-

Officer Scale-II

Middle Management

Pay Scale: Rs. 31,705 – (1,145/1) – 32,850 – (1,310/10) – 45,950/-

Monthly salary: Rs. 44,000 – Rs. 48,800/-

Officer Scale III

IBPS IT Officer

Pay Scale: Rs. 42,020 – (1,310/5) – 48,570 – (1,460/2) – 51,490/-

Monthly salary: Rs. 65,600

IBPS SO Vacancy – Allowances Fixed for Posts

Besides the basic pay, selected candidates for all IBPS SO posts are entitled to the below-listed allowances and perks.

IBPS SO Salary Breakups

Particulars Salary Components
Basic Salary Rs. 23,700 – (980/7) – 30,560 – (1,145/2) – 32,850 – (1310/7) – 42,020/-
City Compensatory Allowance This amount ranges from 0% to 4% depending upon the city of posting. CCA is given to compensate for the high cost of living for the employees living in metropolitan cities.
Dearness Allowance This states the cost of living. It is almost 36% of the basic salary, which is approximately Rs. 8,605
Lease Allowance This amount is paid as per the employee’s posting location. An amount up to Rs. 29,500 can be availed.
House Rent Allowance It is paid for accommodation expenses. The amount varies as per the employee’s city of residence. 

The bank pays around 7% or 8% or 9% of HRA as per the place of posting.

Special Allowance It includes incentives or the performance-based bonus given to employees. Around 7.75% of the basic allowance can be acquired as a special allowance by the employees.

IBPS SO Vacancy – Salary In-Hand 

The IBPS SO Pay Scale is nearly similar for the different posts. As a standard, the salary of an IBPS Specialist Officer comprises basic pay, allowances and the gross salary, which is around Rs 38,000/-. However, after deductions, the total in-hand IBPS SO salary comes around:

  • Basic Pay – Rs 23,700/-
  • Rs. 35,758/- for Metro Cities
  • Rs. 33,448/- for State Capitals
  • Rs. 30,927/- for District Level and Rural Area

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IBPS SO Vacancy – FAQs

How many vacancies are open for IBPS SO?

As per the published notification’s IBPS SO Vacancy section, a total of 1828 vacancies are open for IBPS SO posts.

For which post is the IBPS SO exam conducted?

The IBPS SO exam is conducted for the Scale 1 posts of IT Officer, Agriculture Officer, Marketing Officer, Human Resources, Law Officer and Rajbhasha Adhikari.

What is the basic pay of an employee working on the post of a Specialist Officer in IBPS?

The basic pay of an IBPS Specialist Officer ranges between Rs. 7.55 lakhs to Rs. 12.93 lakh per year (higher level) depending on the post and the location of the post along with other deciding factors. However, on a basic level, it is around Rs. 36,400/-. This salary varies as per the specialisation and the scale of the Officer.

Is there negative marking for the IBPS SO exam?

Yes. For every incorrect answer in both preliminary and mains exam of IBPS SO 2021-22, 1/4th mark will be deducted.

Is there an Interview in the IBPS SO exams?

Yes. The third and final stage of the IBPS SO exam is the Interview round. The combined marks scored in the mains examination and the Interview round are calculated for the final merit.

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