SBI SO Salary: Check Basic Pay, Perks, Allowances & Benefits

By Anangsha Patra, Manager – Editorial

SBI SO Salary: State Bank of India (SBI) conducts SBI SO exam to recruit Specialist Officers for various departments. The exam is conducted every year to fill both permanent and contractual positions of SO in the bank. The job profile is one of the coveted posts because of the SBI SO salary offered to candidates. The salary is different for different posts and grades. For eg: the basic SBI SO salary for Junior Management (Grade 1) is INR 23,700 while the salary for Middle Management Grade Scale II (MMGS II) is INR 31,705. Besides, candidates are entitled to various allowances and perks. 'What is SBI SO salary?', is the common question asked by the students appearing for the exam. They search for the salary of SBI SO to check how much remuneration they will get after offered appointment to the post. Here, in this article we have explained SBI SO salary, job profile and career growth.

Table of contents

SBI SO Salary: Grade-Wise Pay Scale
SBI SO Salary for Different Posts
SBI SO Salary: Perks and Allowances

SBI SO Salary: Grade-Wise Pay Scale

The grade-wise pay scale of SBI SO is given below:

Grade	SBI SO Pay Scale
Assistant Manager (Network Security Specialist) & Assistant Manager (Routing & Switching) (JMGS-I) Junior Management Grade Scale I	36,000-1490/7-46,430-1740/2-49,910-1990/7-63840
Junior Management Grade Scale I (JMGS I)	23,700-980/7-30,560-1145/2-32,850-1310/7-42,020
Middle Management Grade Scale II (MMGS II)	31,705-1145/1-32,850-1310/10-45,950
Middle Management Grade Scale III (MMGS III)	42,020-1310/5-48,570-1460/2-51,490
Senior Management Grade Scale IV (SMGS-IV)	50,030-1460/4-55,870-1650/2-59,170

SBI SO Salary for Different Posts

SBI SO salary structure for different posts is given in the table below.

Post	Pay Scale/Salary (In INR)
Credit Analysis MMGS-III	42,020-1310/5-48,570-1460/2-51,490
Product Manager	42,020-1310/5-48,570-1460/2-51,490
Data Analyst Manager	42,020-1310/5-48570-1460/2-51,490
Digital Marketing Manager	42,020-1310/5-48,570-1460/2-51,490
Faculty, SBIL	25 lakh to 40 lakh per annum
Sr. Executive (Digital Relations, Analytics, Digital Marketing)	12 lakh to 20 lakh per annum
Executive (FI & MM)	6 lakh per annum
Sr. Executive (Social Banking & CSR)	10 lakh per annum
Deputy Manager (IS Audit)	31,705-1145/1-32,850-1310/10-45,950
Vice President (Stressed Assets Marketing)	40 lakh to 43 lakh per annum
Chief Manager (Special situation Team)	50,030-1460/4-55,870-1650/2-59,170
Deputy Manager (Stressed Assets Marketing)	31,705-1145/1-32,850-1310/10-45,950
Head (Product, Investment & Research)	80.00 lakh to 99.62 lakh per annum
Central Research Team (Portfolio Analysis & Data Analytics)	25.00 lakh to 50.00 lakh per annum
Central Research Team (Support)	7.00 lakh to 10.00 lakh per annum
Investment Officer	12.00 lakh to 18.00 lakh per annum
Project Development Manager (Technology)	12.00 lakh to 18.00 lakh per annum
Relationship Manager	6.00 lakh to 15.00 lakh per annum
Relationship Manager (Team Lead)	10.00 lakh to 28.00 lakh per annum
Deputy Manager- Law	31,705-1145/1-32,850-1310/10-45,950

SBI SO Salary: Perks and Allowances

The perks and allowances offered to different posts are given below:

Assistant Manager (Network Security Specialist) & Assistant Manager (Routing & Switching)

Candidates are eligible for DA, HRA, CCA, PF, Pension Fund, LFC, Medical Facility etc. as per rules in force from time to time.

MMGS Grade Scale III

Candidates are eligible for DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, etc. as per rules in force from time to time.

Faculty, SBIL, Kolkata

In addition to CTC, candidates are offered other perks such as Travelling Expenses (TE) for traveling by taxi, air (economy class) in case of traveling on official duties, and Deputation Allowance (DA) equivalent to the Assistant General Manager of the bank. The selected faculty will be allowed to utilize up to a maximum of 90 days p.a in external teaching/ consulting on a revenue-sharing model. Where income generated is more than INR 5 lakh per annum from these activities, 40 per cent of the excess amount shall be shared with the institute (Taxes as applicable).

Chief Manager (Special situation Team) & Deputy Manager (Stressed Assets Marketing)

The officials are eligible for DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, etc. as per rules in force from time to time.

Deputy Manager (Stressed Assets Marketing)

No perks/other benefits, other than CTC are given to candidates. CTC compromised fixed pay and variable pay in the ratio of 80:20.

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

Fixed pay component is 70 per cent, variable pay component of 30 per cent, annual increment of maximum 10 per cent subject to fulfillment of bank’s conditions, travelling allowance and other perks are applicable as per bank’s rule.

Deputy Manager (IS Audit)

The officials are eligible for DA, HRA, CCA, PF, Contributory Pension, LFC, Medical Facility, etc as per rules in force from time to time.