What is the Full Form of SO?

The full form of SO is Specialist Officer. The Institute of Banking Personnel Selection holds the IBPS SO test every year. This exam is designed to select Specialist Officers for various Public Sector Banks. The IBPS administers the Common Written Examination. The organisation hires officers and clerks for various office-related positions through the CWE. The registration form for the exam can be submitted via the official website for application to various SO positions.

Benefits & Compensation for a Bank SO

Specialist Officers in Indian banks are frequently entitled to the same privileges as Probationary Officers of the same rank. As of 2019, the starting salary for an IBPS Specialist Officer ranges from 35,000 to 60,000. The in-hand wage is derived by multiplying the basic pay by the most recent DA component given on the Indian Banking Association’s website, HRA, and any relevant City Compensatory Allowance.

The benefits package provided to a Specialist Officer varies according to the financial organisation; nonetheless, many of them include newspaper and laundry allowances, health insurance, tuition help, and rental accommodation.

Specialist Officers shall get appropriate training in their respective departments prior to being nominated for the JMG Scale I position. Based on their performance in evaluations and interviews, as well as adherence to service standards, they will be promoted to JMG Scale II and MMG (Scales in the coming years. Experienced professionals who pass the relevant IBPS Specialist Exam may immediately apply for the JMG Scale II position

Procedure for Bank Specialist Officer Recruitment Selection

As part of the normal hiring process, each PSU bank in India will normally hold an entrance exam and an interview. However, because it fits their needs, over 25 PSU banks now opt to use the IBPS recruiting platform for joint officer recruitment. The State Bank of India announced consolidated recruitment for specialist officers and other roles following the merger with associated institutions.

Every year, SBI and IBPS are the two leading employers for specialised officer posts. The SO Recruitment Notification is made public every year between December and February. Candidates interested in such SO roles must apply through the bank’s or the organisation’s official website.

Candidates must pass the preliminary and main exams to be eligible for the interview, and the latter must pass the interview with the requisite requirements.

Also Read: Full Form of SHO

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