SBI SO Salary 2024 for Specialist Officer posts offers a good pay scale with additional increments and allowances. This article provides an in-depth look at SBI SO salary structure, allowances, job profile, and career growth.
SBI SO Salary Structure 2024
SBI SO salary varies depending on the post and grade. In this job your place of posting will be Navi Mumbai or Hyderabad. The table below details the pay scales for various posts:
|
Post Name |
Pay Scale (₹) |
Additional Benefits |
|
Deputy Manager (Systems) – Project Management & Delivery |
64820-2340/1-67160-2680/10-93960 |
DA, HRA, CCA, PF, NPS, LFC, Medical Facilities |
|
Deputy Manager (Systems) – Infra Support & Cloud Operations |
64820-2340/1-67160-2680/10-93960 |
DA, HRA, CCA, PF, NPS, LFC, Medical Facilities |
|
Deputy Manager (Systems) – Networking Operations |
64820-2340/1-67160-2680/10-93960 |
DA, HRA, CCA, PF, NPS, LFC, Medical Facilities |
|
Deputy Manager (Systems) – IT Architect |
64820-2340/1-67160-2680/10-93960 |
DA, HRA, CCA, PF, NPS, LFC, Medical Facilities |
|
Deputy Manager (Systems) – Information Security |
64820-2340/1-67160-2680/10-93960 |
DA, HRA, CCA, PF, NPS, LFC, Medical Facilities |
|
Assistant Manager (System) |
48480-2000/7-62480-2340/2-67160-2680/7-85920 |
Note: DA (Dearness Allowance), HRA (House Rent Allowance), and other allowances are applicable. The basic pay increases with annual increments. Training periods are paid, and allowances are provided during this time.
Post-Wise SBI SO Salary 2024
SBI SO Annual Cost to Company (CTC) varies depending on the candidate’s experience, current salary, and location. It includes 70% fixed pay and 30% variable pay, with annual increments as follows: 1st Year: 5% increase > 2nd Year: 6.5% increase > 3rd Year: 7% increase. Below is a table of Annual Packages for different SBI SO roles:
|
Post Name |
Annual CTC (₹) |
|
Deputy Manager |
9.60 Lakhs – 9.78 Lakhs |
|
IT Officer (Scale I) |
2.88 Lakhs – 3.84 Lakhs |
|
IT Officer (Scale II) |
4.08 Lakhs – 4.80 Lakhs |
|
Relationship Manager |
1.7 Lakhs – 3.9 Lakhs |
|
Customer Relationship Executive |
2.7 Lakhs – 4.1 Lakhs |
|
Assistant Vice President |
5.60 Lakhs – 16.7 Lakhs |
SBI SO Allowances and Benefits
Apart from the basic pay, SBI SO employees enjoy a variety of allowances and benefits:
|
Allowance |
Details |
|
Dearness Allowance (DA) |
Compensates for inflation and is revised quarterly. |
|
House Rent Allowance (HRA) |
Based on the city of posting. |
|
City Compensatory Allowance (CCA) |
Varies by city classification. |
|
Provident Fund (PF) |
Employer and employee contribution. |
|
Contributory Pension Fund (NPS) |
Pension benefits through the National Pension Scheme. |
|
Leave Fare Concession (LFC) |
Travel concession for the employee and dependents. |
|
Smart Compensation Allowance |
Covers various personal expenses. |
|
Medical Facility |
Comprehensive medical insurance for employees and dependents. |
|
Festival Bonus |
Bonus during festivals. |
|
Newspaper Allowance |
Reimbursement for subscription costs. |
SBI SO Training Period and Probation
The training period for SBI Specialist Officers (SO) is approximately 4 weeks, during which candidates undergo comprehensive training aligned with their respective job profiles. This period introduces them to various banking processes, IT systems, and operational protocols. Candidates are provided with boarding and lodging during this phase, ensuring a seamless transition into their roles. The probation period for SBI SO posts, such as Deputy Manager, is 1 year, during which performance is closely monitored. For Assistant Manager roles, candidates are required to sign a 5-year bond worth ₹2 Lakhs, plus applicable GST. Successful completion of the probation period and meeting the bank’s performance standards confirm their permanent appointment.
SBI SO Job Profile
The job profile for SBI Specialist Officers is diverse and depends on the post. Below are the detailed responsibilities for various roles:
- Deputy Manager (Systems) – Project Management & Delivery
- Manage and deliver IT projects aligned with the bank’s objectives.
- Oversee project planning, coordination with stakeholders, risk management, and quality assurance.
- Deputy Manager (Systems) – Infra Support & Cloud Operations
- Manage the bank’s IT infrastructure and cloud services.
- Ensure optimal performance, handle server operations, and implement maintenance best practices.
- Deputy Manager (Systems) – Networking Operations
- Maintain and troubleshoot the bank’s networking infrastructure.
- Ensure network security, optimize configurations, and support network-related projects.
- Deputy Manager (Systems) – IT Architect
- Design and oversee the implementation of the bank’s IT architecture.
- Ensure scalability, system integration, and alignment with strategic goals.
- Deputy Manager (Systems) – Information Security
- Protect IT systems and data from threats.
- Implement security policies, manage incidents, and ensure compliance with regulations.
- Assistant Manager (System)
- Provide technical support for IT systems, including hardware and software.
- Assist in system upgrades, documentation, and project support.
SBI SO Career Growth Opportunities
SBI SO positions offer a structured career growth path. Promotions are based on performance and departmental exams:
Assistant Manager → Deputy Manager → Manager → Chief Manager → AGM → DGM → GM → CGM → Deputy Managing Director → Managing Director → Chairman
|
Hierarchy |
|
Assistant Manager |
|
Deputy Manager |
|
Manager |
|
Chief Manager |
|
Assistant General Manager |
|
Deputy General Manager |
|
General Manager |
|
Chief General Manager |
|
Deputy Managing Director |
|
Managing Director |
|
Chairman |
|
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FAQs: SBI SO Salary and Job Profile 2024
What is the salary of a specialist officer in SBI 2024?
The salary ranges from ₹2.88 lakhs to ₹16.7 lakhs annually, depending on the post and grade.
What will be my salary after 5 years in SBI SO O?
The salary will increase annually by 5-7% based on performance, position, and promotions.
What is the in-hand salary of SBI SO?
The in-hand salary varies but typically ranges from ₹40,000 to ₹80,000 monthly, depending on allowances and deductions.
What are the job responsibilities of SBI SO?
Responsibilities include managing IT systems, client relationships, cybersecurity, infrastructure, and project delivery, depending on the role.
