SBI Bank Specialist Officer Salary

Hello as I want to apply for the post of Specialist Officer in the SBI Bank so please tell me the pay scale and the starting salary of the SBI Bank Specialist Officer? Also tell me about the eligibility criteria and the age limit required to apply for it?

Can you tell me about the salary structure for Specialist Officer Post Vacancies in SBI (State Bank of India) as I will be applying for job in it, so wanted to know about it first?

[shikha]

The SBI (State Bank of India) Specialist Officer Vacancies are in 5 grade scales. Pay Scale for every grade is different and it varies from Rs.14500 to Rs.40400 depending on the post and their grade.

SBI Specialist officer Salary Structure differs for Officer Scale I and Officer Scale II, which is as follows:

Scale I officer:
It will be Rs 14500 600/7 18700 700/2 20100 -800/7 25700/-
The approx. SBI SO Salary Cash in hand of Officer Scale 1 after appointment will be around Rs. 24000-32000/-.

Scale II officer:
It will be Rs. 19400 700/1 20100 800/10 28100/-

Specialist Officer Salary structure means the basic pay will be Rs. 19700 for officer MMG Scale 2. One will get Rs.700 increment after 1 year so that it gets to be Rs. 20100. There will be Rs. 800 increment for 10 years

Grade Pay Scale for Post (in Rs)

JMGS-I: (Junior Management Grade Scale I)
14,500-600/7-18,700-700/220, 100-800/7-25,700

MMGS-II: (Middle Management Grade Scale II)
19,400-700/1-20, 100-800/ 10-28,100

MMGS-III: (Middle Management Grade Scale III)
25,700-800/5-29, 700-900/ 2-31,500

SMGS-IV: (Senior Management Grade Scale IV)
30,600-900/4-34, 200-1000/ 2-36,200

SMGS-V: (Senior Management Grade Scale V)
36,200-1000/2-38200-1100/ 2-40400

Salary, Perks, Lease House Facility and Medical Aid:
State Bank of India offers Rs. 8 Lac annual CTC for entry level position which is considered to be the top notch in industry. The perks include Dearness, Petrol, News Paper and Furniture allowances. This is inclusive of leased accommodation at Rs 20,000 per month in metros.
Medical Aid for self (100%) and for the family (75%)
Home Travel Concession/Leave Fare Concession
Concession Interest Rates are given for Housing/Car/Personal Loans