IBPS SO Vacancy โ€“ 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 is still receiving numerous applications for the above mentioned banking posts.

Institute of Banking Personnel Selection had earlier released the notification on 1st November 2020 for the upcoming IBPS SO (Specialist Officer) exam. IBPS has announced a total of 647 vacancies for the year 2020. Besides this, candidates need to understand that the number of vacancies is indicative and is subjected to change further.ย 

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 โ€“ Post-wise (2020)

As per the latest notice of IBPS, the application process will remain active till 23rd November 2020. Candidates with the minimum educational qualification of a Graduation degree (or its equivalent examination) with ages between 20 to 30 years as on 23.11.2020 will be considered eligible to sit for IBPS SO Prelims exam.

The number of IBPS SO vacancies for different posts in 2020 are as follows.

IBPS SO Vacancy 2020

IBPS SO PostsVacancy
I.T. Officer Scale 120
Agricultural Field Officer Scale 1485
Rajbhasha Adhikari Scale 125
Law Officer Scale 150
HR/Personnel Officer Scale 17
Marketing Officer Scale 160
Total647

IBPS SO Vacancy 2019 (for Comparison)

The number of vacancies announced for various posts of IBPS SO in the previous year (2019) was higher than what has been announced for the current year. Candidates will find the accurate number of vacancies that IBPS declared for the year 2019 in the table below.

IBPS SO Vacancy 2019

IBPS SO PostsVacancy
I.T. Officer Scale 176
Agricultural Field Officer Scale 1670
Rajbhasha Adhikari Scale 127
Law Officer Scale 160
HR/Personnel Officer Scale 120
Marketing Officer Scale 1310
Total1163

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IBPS SO Vacancy โ€“ 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 2020) in the tables below:

IBPS SO Vacancy for Marketing Officer

BANKSGENSCSTOBCEWSTOTALOut of Which
HIOCVIID
CANARA BANK61021100000
CORPORATION BANK4015827101002200
UNION BANK OF INDIA88281054202003322
Total134441883313105522

IBPS SO Vacancy for HR/Personnel Officer

BANKSGENSCSTOBCEWSTOTALOut of Which
HIOCVIID
CORPORATION BANK41131410100
UNION BANK OF INDIA61021610100
Total1021521020200

IBPS SO Vacancy for Law Officer

BANKSGENSCSTOBCEWSTOTALOut of Which
HIOCVIID
CANARA BANK61021100000
CORPORATION BANK104272250200
UNION BANK OF INDIA191122250200
Total3563115600400

IBPS SO Vacancy for Rajbhasha Adhikari

BANKSGENSCSTOBCEWSTOTALOut of Which
HIOCVIID
CANARA BANK61021100000
CORPORATION BANK2101150000
UNION BANK OF INDIA71031122211
Total153063272211

IBPS SO Vacancy for Agricultural Field Officer

BANKSGENSCSTOBCEWSTOTALOut of Which
HIOCVIID
CANARA BANK130482486323203333
CORPORATION BANK4115727101001200
PUNJAB & SIND BANK2273135500000
UNION BANK OF INDIA86301054202002312
Total27910044180676706845

IBPS SO Vacancy for IT Officer

BANKSGENSCSTOBCEWSTOTALOut of Which
HIOCVIID
CORPORATION BANK2594166601100
UNION BANK OF INDIA101131161020
Total35105197762120

IBPS SO Vacancy โ€“ 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

PostJob Description
Rajbhasha AdhikariPromotes official language

Conducting of language-related workshops

Translation of documents

Law OfficerRepresents the bank in case of suits filed

Takes care of the legal documents/ matters of the bank

Ensures that bankโ€™s engagement in deals/ contracts is legal

Ensures compliance with RBI norms

IT Of OfficerLooks 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 operationsย 

Looks after the security of the bank network to avoid cybercrime

Marketing OfficerEnsures 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 OfficerConducting 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 OfficerLead generation

Coordinating with other RRBs, NABARD, and other organizations

IBPS SO Notification โ€“ 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.ย 

IBPS SO Salary

GradeSalary
Officer Scale I

Junior Management

Pay Scale: Rs. 14,500 + (600ร—7) โ€“ 18,700 + (700ร—2) โ€“ 20,100 + (800ร—7) โ€“ 25,700/-

Monthly salary: Rs. 24,000 โ€“ Rs. 32,000 /-

Officer Scale-II

Middle Management

Pay Scale: Rs. 19,400 + (700ร—1) โ€“ 20,100 + (800ร—10) โ€“ 28,100/-

Monthly salary: Rs. 34,000 โ€“ 4000/-

Officer Scale III

IBPS IT Officer

Pay Scale: Rs. 42,020 โ€“ (1310×5) โ€“ 48,570 โ€“ (1460×2) โ€“ 51,490/-ย 

Monthly salary: Rs. 64,600/-

IBPS SO Vacancy โ€“ 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

ParticularsSalary Components
Basic SalaryRs. 23,700 โ€“ 980 (x7) โ€“ 35,560 โ€“ 1,145 (x2) โ€“ 32,850 โ€“ 1,310 (x7) โ€“ 42,020ย 
City Compensatory AllowanceThis 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 AllowanceThis states the cost of living. It is almost 36% of the basic salary, which is approximately Rs. 8,605
Lease AllowanceThis amount is paid as per the employeeโ€™s posting location. An amount up to Rs. 29,500 can be availed.
House Rent AllowanceIt is paid for accommodation expenses. The amount varies as per the employeeโ€™s city of residence.ย 

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

Special AllowanceIt 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-Handย 

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 โ€“ FAQs

How many vacancies are open for IBPS SO?

As per the published notificationโ€™s IBPS SO Vacancy section, a total of 647 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. 36,300/- to Rs. 64,600 (higher level). However, on a basic level, it is around Rs. 23,700/-. 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 2020-21, 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.