{"id":25488579,"date":"2021-10-16T15:00:27","date_gmt":"2021-10-16T09:30:27","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=25488579"},"modified":"2021-10-16T13:40:50","modified_gmt":"2021-10-16T08:10:50","slug":"bank-of-baroda-so-salary","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/bank-of-baroda-so-salary\/","title":{"rendered":"Bank of Baroda SO Salary 2021"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d3a01611b37\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d3a01611b37\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/entri.app\/blog\/bank-of-baroda-so-salary\/#Important_Factors_of_Bank_of_Baroda_SO_Recruitment_Process\" >Important Factors of Bank of Baroda SO Recruitment Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/entri.app\/blog\/bank-of-baroda-so-salary\/#Bank_of_Baroda_SO_Salary_2021\" >Bank of Baroda SO Salary 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/entri.app\/blog\/bank-of-baroda-so-salary\/#Deductions\" >Deductions<\/a><\/li><\/ul><\/nav><\/div>\n<p><span data-preserver-spaces=\"true\">The<a href=\"https:\/\/entri.app\/blog\/bank-of-baroda-so-eligibility-criteria\/\"> Institute of Banking Personnel Selection (IBPS)<\/a> conducts an online examination each year for the post of Specialist Officer. The main aim of the examination is to recruit officers in the banking sector. The job offers an array of opportunities and possibilities for candidates who aspire to pursue their careers in the banking sector. <a href=\"https:\/\/entri.app\/blog\/bank-of-baroda-so-selection-process\/\">Bank of Baroda SO<\/a> is one of the best career options for candidates who aspire to work as a specialist officer. The specialist officer will be appointed in the Middle Management Grade\/Scale-III (MMG\/S-III) and Middle Management Grade\/Scale-II (MMG\/S-II) in the banking sector.<\/span><\/p>\n<p style=\"text-align: center\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/wckw\/ggum\" target=\"_blank\" rel=\"noopener\">Preparing for Bank of Baroda SO Exam? Take Free Bank PO Mock Test on App<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Important_Factors_of_Bank_of_Baroda_SO_Recruitment_Process\"><\/span><strong><span data-preserver-spaces=\"true\">Important Factors of Bank of Baroda SO Recruitment Process<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><strong><span data-preserver-spaces=\"true\">Service Bond:<\/span><\/strong><\/h3>\n<p><span data-preserver-spaces=\"true\">The recruited candidate must serve for three years in the bank after joining the services or in lieu thereof, an amount of 1.5 Lakhs.<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">Location of posting:<\/span><\/strong><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">The place of posting will be dependent upon the Bank\u2019s requirement from time to time.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Candidates shall be placed at any of its Offices\/Branches in India.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Allowances may vary depending upon the place of posting.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\">\u00a0<a href=\"https:\/\/entri.sng.link\/Bcofz\/85k1\/idy4\" target=\"_blank\" rel=\"noopener\"><strong>Take topic wise free Mock tests on Entri App today<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bank_of_Baroda_SO_Salary_2021\"><\/span><strong><span data-preserver-spaces=\"true\">Bank of Baroda SO Salary 2021<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The Specialist Officer (SO) position in the banking sector is one of the most sought positions among the graduates. The salary and allowances provided by the Bank of Baroda are far better than other banks in the market. Listed below is the detailed description of the net pay scale, allowances, and other benefits provided to a Specialist Officer Bank of Baroda.<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">Emoluments:<\/span><\/strong><\/h3>\n<p><span data-preserver-spaces=\"true\">Candidates who are selected regularly.<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\">Junior Management Grade or Scale one: Rs. 68000<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Middle Management Grade or Scale two: Rs 84000<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Middle Management Grade or Scale three: Rs 100000<\/span><\/li>\n<\/ol>\n<p><span data-preserver-spaces=\"true\">At present, the initial monthly cost to the company at the initial level of Junior Management Grade Scale-I and MMG\/S-II, including DA, Special Allowance, HRA, CCA and all perks and benefits like quarters facility, in place of HRA, for Officers; Conveyance; Medical Aid; LTC; etc., admissible as per rules of the Bank, in force from time to time is approximately Rs.71,000\/- and Rs. 88,000\/- per month (as amended from time to time.<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">Basic Salary:<\/span><\/strong><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">The basic salary sums up to Rs 23,700 as mentioned on the website<\/span><\/li>\n<\/ul>\n<h3><strong><span data-preserver-spaces=\"true\">\u00a0Dearness Allowance<\/span><\/strong><span data-preserver-spaces=\"true\">:<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">It is a bonus or pay increase to meet a rise in the cost of living.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The minimum basic pay recommended for Central Government Employees at the entry-level by the 7th Pay Commission is Rs 18,000.<\/span><\/li>\n<\/ul>\n<h3><strong><span data-preserver-spaces=\"true\">House Rent Allowance:<\/span><\/strong><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">The house rent allowances depend on the place of posting<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">It is higher in metropolitan cities compared to other places.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">It can vary from Rs 2,000 to Rs 11,000<\/span><\/li>\n<\/ul>\n<h3><strong><span data-preserver-spaces=\"true\">City Compensatory Allowance:<\/span><\/strong><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">It is an allowance provided by companies, the public sector or the private sector to its employees to compensate for the higher cost of living in metropolitan cities.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The city compensatory allowances depend on the place of posting.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">An average of Rs 600 will be given out.<\/span><\/li>\n<\/ul>\n<h3><strong><span data-preserver-spaces=\"true\">Other Basic Allowances:<\/span><\/strong><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Other Basic &#8211; Rs 2370 (approximately)<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Other DA &#8211; Rs 1836 (on an average)<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Other CCA &#8211; Rs 60 (it varies from place)<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Other HRA &#8211; Rs 165 (approximately)<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Special Allowances (DA) &#8211; Rs 3260<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Other special Allowances &#8211; Rs 326\u00a0<\/span><\/li>\n<\/ul>\n<h3><strong><span data-preserver-spaces=\"true\">Gross Pay:<\/span><\/strong><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Gross salary is the term used to describe all the money an employee has made working for the company in a month or a year.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">\u00a0It is the salary that is without any deductions like income tax, PF, medical insurance etc.\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Gross salary is inclusive of bonuses, overtime pay, holiday pay, and other differentials.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">On average Rs, 52345 will be credited as gross pay for a Specialist officer at Bank of Baroda<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><a href=\"https:\/\/entri.sng.link\/Bcofz\/85k1\/idy4\" target=\"_blank\" rel=\"noopener\"><strong>Click the link for more practice papers on BoB SO examination\u00a0<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Deductions\"><\/span><strong><span data-preserver-spaces=\"true\">Deductions<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><strong><span data-preserver-spaces=\"true\">Profession Tax<\/span><\/strong><span data-preserver-spaces=\"true\">:<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Professional tax can be defined as a tax that is levied by a state government on all individuals who earn a living through any medium.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Rs 200 will be deducted as professional tax\u00a0<\/span><\/li>\n<\/ul>\n<h3><strong><span data-preserver-spaces=\"true\">NPS Fund:<\/span><\/strong><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">National Pension Scheme is a government-sponsored pension scheme account.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">It is a tax saving option\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">An average of Rs 2500 will be deducted as NPS fund.<\/span><\/li>\n<\/ul>\n<h3><strong><span data-preserver-spaces=\"true\">Net pay:<\/span><\/strong><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">It is the amount received by an employee.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">It is computed by subtracting any deductions and contributions from the gross pay total.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Net pay sums up to Rs 47517 per month.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><a href=\"https:\/\/entri.sng.link\/Bcofz\/85k1\/idy4\"><strong>\u00a0Subscribe to the Entri App for more topic wise practice papers\u00a0<\/strong><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">I hope the article was helpful. If you are a candidate who aspires to pursue a career in the banking field, it is a golden opportunity for you. The candidates who clear all the phases of the examination will be recruited for the post of Specialist Officer on a CTC basis and as per the industry standards. In case, you are a beginner and need help to clear the exam, our\u00a0<\/span><a href=\"https:\/\/entri.sng.link\/Bcofz\/85k1\/idy4\"><strong>Entri app<\/strong><\/a><span data-preserver-spaces=\"true\">\u00a0has it all covered for you. Login to our website today and make use of all the information and contents present. For any queries, feel free to post your question and our team will reach you. Well begun is half done. Start your preparation today. Good luck.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Institute of Banking Personnel Selection (IBPS) conducts an online examination each year for the post of Specialist Officer. The main aim of the examination is to recruit officers in the banking sector. The job offers an array of opportunities and possibilities for candidates who aspire to pursue their careers in the banking sector. Bank [&hellip;]<\/p>\n","protected":false},"author":82,"featured_media":25491059,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,246,309],"tags":[],"class_list":["post-25488579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-banking","category-ibps-so"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of Baroda SO Salary 2021 - Entri Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/entri.app\/blog\/bank-of-baroda-so-salary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Baroda SO Salary 2021 - Entri Blog\" \/>\n<meta property=\"og:description\" content=\"The Institute of Banking Personnel Selection (IBPS) conducts an online examination each year for the post of Specialist Officer. The main aim of the examination is to recruit officers in the banking sector. The job offers an array of opportunities and possibilities for candidates who aspire to pursue their careers in the banking sector. 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