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The Bank of Maharashtra SO Salary and details have been specified in the official notification released by the Bank of Maharashtra. The candidates should be well-known with the Bank of Maharashtra SO Salary before applying for the post. Bank of Maharashtra SO Job Profile description and salary package, the candidates should also check the probation period, allowances, and career growth associated with the post. Important Points to keep in mind:-

  • The Aspirants selected for the post of Bank of Maharashtra SO will have to sign a bond for a value of Rs 2 lakh to serve the bank for a minimum period of two years for Scale II and three years for Scale I at the time of joining.
  • On joining, the aspirants selected will be designated as “Specialist Officers” and will be on the probation period for one year for Scale-II and two years probation for Scale I.
  • Along with the basic pay, the candidates will also be entitled to receive various incentives and allowances in a Metro city, and perquisites as per rules change from time to time.
  • Candidates should check all the Bank of Maharashtra SO Eligibility Criteria factors in advance. If it is detected that the candidates have failed to fulfill any of the qualifications even after he/she has already joined the duty, then their job will be immediately terminated.

Salary Structure of Bank of Maharashtra SO

The Bank of Maharashtra SO Salary Structure comprises pay scale, grade up, and several other perks and allowances as per the rules of the bank. Check Below the table to get complete information.

Bank of Maharashtra SO Salary Details
Exam Conducting BodyBank of Maharashtra
Post NameSpecialist Officers
Pay ScaleScale- I: Rs. 36000 – (1490/7) – 46430 – (1740/2) – 49910 –(1990/7)- 63840.Scale-II: Rs. 48170 – (1740/1) – 49910 – (1990/10) – 69810
Basic PayINR 36000
In-Hand SalaryINR 36000 to INR 63840 per month (Approx)
AllowancesHouse Rent AllowancesDearness AllowancesCity Compensatory AllowanceLease RentalMedical AllowancesOther Allowances

Bank of Maharashtra SO In-Hand Salary

The Bank of Maharashtra SO Salary structure attracts a lot of candidates for the job.

  • The pay scale for Bank of Maharashtra SO Scale I Posts is Rs. 36000 – (1490/7) – 46430 – (1740/2) – 49910 –(1990/7)- 63840.
  • The pay scale for Bank of Maharashtra SO Scale-II posts is Rs. 48170 – (1740/1) – 49910 – (1990/10) – 69810.

In addition to this, the Specialist Officers are also eligible for additional allowances including DA, HRA, City Compensatory Allowance, Medical Allowance, Lease Rental, etc in a Metro city and perquisites as per rules in force from time to time. Allowances may vary depending upon the place of posting.

Check Bank of Maharashtra SO Syllabus and Exam Pattern here.

Bank of Maharashtra SO Career Future and Probation Period in Job

Bank of Maharashtra offers good opportunities for growth in career, including opportunities for posting in different various sections for the aspirants selected for the post of Specialist Officers. The Bank of Maharashtra SO Salary Package and promotion policy of the Bank provides an opportunity to the excellent and extraordinarily brilliant officers to reach the Top Management Grade easily.

This article on Bank of Maharashtra SO Salary and Job Profile was helpful for our Aspirants and will help them to understand the job profile and salary.

Bank of Maharashtra SO Salary and Job Profile FAQs

What is the selection process of Bank of Maharashtra SO recruitment 2021?

The Selection of the candidates will be done based on the marks obtained in the written exam followed by an interview Round and documents Verification process.

What is the probation period of the Bank of Maharashtra SO Post?

The Selected candidates will be on the probation period for one year for Scale-II and two years for scale-I.

The pay scale for Bank of Maharashtra SO?

Scale I Posts is Rs. 36000-(1490/7) – 46430 – (1740/2) – 49910 – (1990/7) – 63840. 

What is the selection process of the Bank of Maharashtra selection process?

The selection of the candidates will be done based on the marks obtained in the written exam followed by Interview Round and Document Verification Process.

Will the Candidate need to sign a bond for Bank of Maharashtra SO?

Yes, The Aspirants selected for the post of Bank of Maharashtra SO will have to sign a bond for a value of Rs 2 lakh to serve the bank for a minimum period of two years for Scale II and three years for Scale I at the time of joining.