SBI SO Salary 2020

SBI Specialist Officer Post-wise Salary Distribution, Perks

SBI SO Salary 2020, SBI Specialist Officer Salary Distribution, Post-wise Salary Distribution, Perks: As we know that the job profile of SBI (State Bank of India) Specialist Officer [SO] has the most special and important job post. The pay scale of SBI SO post has very high in accordance with the other Bank jobs. Now, State Bank of India has recently announced the notice that they start the hiring process for the multiple job post and around 400 vacancies of SBI SO 2020. Here in this article, we will discuss all important information related to the SBI SO Salary Distribution, perks, allowances, and much other information.

SBI Specialist Officer Salary

SBI Recruitment 2020

State Bank of India has started to organize hiring systems in various banking sectors. According to the official announcement of the government, SBI has to organize several job vacancies. Every interested applicant has to apply for it and ready to get a government job. Get more details of SBI Recruitment 2020 such as eligibility conditions, application fees, selection process from this article.

SBI SO In Hand Salary 2020

As we discuss the State Bank of India has recruited a Specialist Officer for the multiple posts. Here we discuss the name and salary distribution of all job post that comes under the Middle Management Grade Scale-II [MMGS III]. The names are given as follows:

  • SME Credit Analyst
  • Manager (Data Analyst)
  • Product Manager
  • Manager (Anytime Channel)
  • Manager (Digital Marketing)

Now, the salary structure will be given as follows:

SBI Specialist Officer always plays an important part in the sector of banking field. It becomes famous in the State Bank of India sector. The minimum amount of SBI SO Grade 1 pay-scale is of Rs. 23,700 that excludes HRA, DA, and other different allowances. It is not always the same. The salary structure of SBI SO may differ from time-to-time and for all SBI SO Grades. So, below the total salary of all those applicants who got selected below SBI SO Recruitment 2020 is Rs. 42,020 to Rs. 51,490 with all other benefits like HRA, DA, CCA, PF, LFC, Medical Facility, Contributory Pension Fund, and others. We describe all of these Salary structure of SBI SO in a table given below:

Salary Structure of SBI SO 2020
Sr. No. Name of Post Salary Structure
1. Central Research Team

(Portfolio Analysis & Data Analytics)

Rs.25.00 lacs to Rs.50.00 lacs
2. Vice President

(Stressed Assets Marketing)

CTC of Rs.40.00 lacs to Rs.43.00 lacs
3. Chief Manager

(Special Situation Team)

Pay Scale:

50030-1460 / 4-55870-1650 / 2-59170

4. Deputy Manager

(Stressed Assets Marketing)

Pay Scale:

31705-1145 / 1-32850-1310 / 10-45950

5. Deputy Manager

(IS Audit)

6. Product Manager Pay Scale:

42020-1310 / 5-48570-1460 / 2-51490

7. Manager (Data Analyst)
8. Manager (Digital Marketing)
9. Manager (Anytime Channel)
10. SME Credit Analyst
11. Investment Officer Rs.12.00 lacs to Rs.18.00 lacs
12. Head (Product, Investment & Research) Rs.80.00 lacs to Rs.99.62 lacs
13. Central Research Team (Support) Rs.7.00 lacs to Rs.10.00 lacs
14. Faculty, SBIL, Kolkata Rs.25 lakh to Rs.40 lakh per annum
15. Project Development Manager


Rs.12.00 lacs to Rs.18.00 lacs
16. Banking Supervisory Specialist Negotiable
17. Relationship Manager

(Team Lead)

Rs.10.00 lacs to Rs.28.00 lacs
18. Executive (FI & MM) CTC of Rs.6.00 lacs
19. Chief Officer (Security) Fixed monthly emoluments of Rs.1.40 lac

• Increment of Rs.21,000/- in the Second year and

• Increment of Rs.24,000/- in the third year

20. Relationship Manager Rs.6.00 lacs to Rs.15 00 lacs
21. Senior Executive

(Social Banking & CSR)

CTC Rs.10.00 lacs
22. Senior Executive

(Digital Relations)

CTC Rs.12.00 lac to Rs. 20 lac
23. Senior Executive


24. Senior Executive

(Digital Marketing)

SBI Specialist Officer Salary: Perks and Allowances

Let us tell you all that the Salary Allowances and Perks will be different from a particular job post to post. Here we will discuss all salary perks and allowances, which is given as follow:

SBI SO Salary Allowances and Perks

  • For the post of MMGS Grade Scale-III

According to the Rules & Regulations, the service of DA, CCA, HRA, PF, LFC, Contributory Pension Fund, Medical Facility, and etc are eligible.

  • Faculty, SBIL, Kolkata

Benefit CTC, but has included other perks such as Travelling Expenses [TE] from the taxi, air [economy class] whenever you can travel for the official duties and Deputation Allowance [DA] which equals to the Assistant General Manager of the Bank. All those selected employees should spend a maximum of 90 days p.a in consulting, external teaching on the revenue-sharing model. Here, the generation of income will be Rs.5 lacs per annum, 40% excess amount includes all tax.

  • Deputy Manager (Stressed Assets Marketing) and Chief Manager (Special situation Team)

According to the Rules & Regulations, the service of DA, CCA, HRA, PF, LFC, Contributory Pension Fund, Medical Facility, and etc are eligible.

  • Deputy Manager (Stressed Assets Marketing)

Only CTC was given, no perks or any other benefits will be given to the employees of Deputy Manager. CTC fixed pay and variable pay has distributed in the ratio of 80:20.

  • Senior Executive (Social Banking and CSR) and Executive (FI and MM)

According to the bank rules & regulations the services of fixed pay component of 70%, Travelling allowance, Variable pay component of 30%, Annual increment which is a maximum of 10% in a subject to fulfilling the bank rules, and other perks are eligible. 

  • Deputy Manager (IS Audit)

According to the Rules & Regulations, the service of DA, CCA, HRA, PF, LFC, Contributory Pension Fund, Medical Facility, and etc are eligible.

I just hope every one of you will understand this article very well and clearly. If anyone has faced any problem related to the SBI SO Salary 2020 Distribution, Perks, Allowances, then he or she can ask anything in the given comment box.

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