IOB Specialist Officer Salary Slip 2025 – In-hand Salary, Allowances & Deduction Details
The IOB Specialist Officer Salary Slip 2025 provides a detailed view of monthly earnings, including basic pay, allowances, and deductions applicable to Specialist Officers appointed in various professional domains such as IT, Credit, Risk, Treasury and other specialized banking functions. Understanding the complete salary structure helps candidates evaluate compensation benefits before joining Indian Overseas Bank.
The salary for IOB SO is governed by the compensation structure of Public Sector Banks in India. The updated pay scale under 11th Bipartite Settlement (BPS) applies to Specialist Officers:
- Manager (MMGS-II): ₹48,170 – ₹69,810
- Senior Manager (MMGS-III): ₹63,840 – ₹78,230
In addition to basic pay, SOs receive several allowances including DA, HRA, Special Allowance, CCA, Learning Allowance, Medical & Insurance Benefits and performance-linked incentives.
IOB Specialist Officer Monthly Salary Structure 2025
The salary slip components include:
- Basic Pay
- Dearness Allowance (DA)
- House Rent Allowance (HRA) or Leased/Rent Allowance
- Special Allowance
- City Compensatory Allowance (CCA)
- Learning Allowance
- Medical Benefits (Cash Equivalent)
- New Pension Scheme (NPS) Employer Contribution
Sample Salary Slip – Manager (MMGS-II)
| Earnings | Amount (₹) |
|---|---|
| Basic Pay | 48,170 |
| Dearness Allowance (DA) | 19,100 – 20,500 |
| House Rent Allowance (HRA) | 4,200 – 12,000 |
| Special Allowance | 7,850 – 9,200 |
| City Compensatory Allowance (CCA) | 1,000 – 1,400 |
| Learning Allowance | 600 |
| Medical & Insurance Benefits (Equivalent) | 2,500 – 3,800 |
| Gross Salary | 83,000 – 1,00,000 |
Deductions in IOB Specialist Officer Salary Slip
- Provident Fund (PF)
- NPS Employee Contribution
- Professional Tax
- Income Tax (TDS)
- Union / Association Subscription (if applicable)
- Insurance Premium (if opted)
Average Deductions Breakdown
| Deduction | Amount (₹) |
|---|---|
| PF | 5,000 – 5,500 |
| NPS | 6,000 – 7,250 |
| Professional Tax | 200 – 300 |
| TDS (Approx.) | 3,500 – 6,500 |
| Total Deductions | 15,000 – 19,500 |
IOB SO In-hand Salary 2025
After income tax and statutory deductions, the approximate in-hand salary is:
- Manager (MMGS-II): ₹73,000 – ₹88,000 per month
- Senior Manager (MMGS-III): ₹92,000 – ₹1,08,000 per month
Salary Comparison by Posting Location
| Posting Type | Estimated In-hand Salary (₹) |
|---|---|
| Metro City Posting | ₹85,000 – ₹1,08,000 |
| Urban Posting | ₹79,000 – ₹95,000 |
| Semi-Urban/Rural Posting | ₹73,000 – ₹89,000 |
Career Progression & Salary Growth
- Manager (MMGS-II)
- Senior Manager (MMGS-III)
- Chief Manager (SMGS-IV)
- Assistant General Manager (SMGS-V)
- Deputy General Manager
- General Manager
Frequently Asked Questions (FAQs)
What is the in-hand salary of IOB Specialist Officer?
The in-hand salary of an IOB Specialist Officer ranges from ₹73,000 to ₹1,08,000 per month depending on post, allowances and posting location.
Does IOB provide rented/leased accommodation?
Yes, accommodation or HRA benefits are provided depending on availability and posting location.
Is NPS mandatory for IOB employees?
Yes, IOB employees are enrolled under the New Pension Scheme with both employer and employee contributions.
Conclusion
The IOB Specialist Officer Salary Slip 2025 highlights a competitive salary structure supported by multiple allowances, medical coverage, retirement benefits and performance incentives. The compensation package is highly attractive for candidates seeking a long-term professional career in the Public Sector Banking system.