IBPS SO Law Officer Vacancy 2023: Category-Wise Vacancy List

Author : Shashwat Srivastava

Updated On : February 6, 2024

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Reader's Digest: Curious about the IBPS SO Law Officer vacancy 2023? Check out our detailed guide covering everything from eligibility to exam tips. Read on!

The IBPS SO Law Officer plays a crucial role in the banking sector, offering legal advice and handling legal matters.

The position involves ensuring compliance with various laws such as RBI notifications, Banking Regulation Act, Foreign Exchange Management Act, and Companies Act.

The IBPS SO Law Officer vacancy 2023 presents a golden opportunity for law graduates aspiring to enter the banking sector.

This article provides a comprehensive guide on the IBPS SO Law Officer Recruitment, including key details about the exam, eligibility, and available vacancies. So, let's begin!

Key Contents

  1. Overview of IBPS SO Law Officer Vacancy 2023: Introduction to the significance and role of the IBPS SO Law Officer in the banking sector.

  2. Eligibility Criteria: Detailed information on educational qualifications, age limits, nationality requirements, and the number of attempts allowed for aspirants.

  3. Vacancy Details: Information on the total number of vacancies, category-wise distribution, and participating banks for the 2023 recruitment cycle.

  4. Salary and Benefits: Comprehensive breakdown of the starting salary, in-hand salary, annual earnings, allowances, and impact of the 7th Pay Commission.

  5. Role Comparisons and Regional Variations: Analysis of salary parity across different SO roles and adjustments based on city and rural postings.

Read: IBPS SO Law Exam Analysis 

IBPS SO Law Officer Vacancy 2023: Overview

The IBPS SO Law Officer Vacancy for the year 2023 has announced a concise number of vacancies, reflecting the competitive and prestigious nature of the position:

  • Total Vacancies: For the 2023 cycle, a total of 10 vacancies have been released for the Law Officer (Scale I) position. This limited number highlights the competitive nature of the recruitment process.
  • Category-Wise Distribution: The vacancies are distributed across various categories to ensure fair representation:
    • SC: 1 vacancy
    • ST: 0 vacancies
    • OBC: 2 vacancies
    • EWS: 1 vacancy
    • UR (Unreserved): 6 vacancies
  • Participating Banks: Although multiple public sector banks participate in the recruitment process, for the 2023 cycle, the Bank of India has a significant share of the IBPS SO Law Officer vacancy.

Detailed Guide: IBPS SO Law Syllabus

 Eligibility Criteria for Aspirants 

For the IBPS SO Law Officer vacancy 2023, the eligibility criteria are specific and must be thoroughly understood by aspirants to ensure they meet all requirements:

  • Educational Qualification: Candidates aspiring for the IBPS SO Law Officer post must have a Bachelor's Degree in Law (LLB) and must be enrolled as an advocate with the Bar Council. This ensures candidates possess the necessary legal knowledge and practical legal experience to perform the role effectively.
  • Age Limit: The age limit is set between 20 and 30 years, providing opportunities for young legal professionals to start a career in the banking sector. However, there are age relaxations for candidates from reserved categories, as per government norms:
    • SC/ST: 5 years
    • OBC (Non-creamy layer): 3 years
    • Persons with Disabilities: 10 years
    • Ex-Servicemen and candidates affected by 1984 riots: 5 years
  • Nationality: Candidates must be Indian citizens, or subjects of Nepal or Bhutan, or Tibetan refugees who migrated to India before January 1, 1962, or people of Indian origin who have migrated from certain countries with the intention of permanently settling in India.
  • Number of Attempts: There is no restriction on the number of attempts; candidates can apply for the IBPS SO Law Officer post as long as they fall within the specified age criteria.

Check: IBPS SO Law Eligibility

 Salary, Perks, and Benefits of IBPS SO Law Officer

The IBPS SO Law Officer role for the 2023 vacancies offers a competitive and attractive salary package, which is a major draw for aspirants in the banking sector.

Basic Salary Information:

  • Starting Salary: The IBPS SO Law Officer salary for 2023 begins with an initial pay of approximately Rs. 60,000 - Rs. 65,000, which includes a basic pay of around Rs. 36,000 along with other perks and allowances.
  • In-Hand Salary: Post deductions such as Provident Fund, Professional Tax, and Income Tax, the in-hand salary for an IBPS SO Law Officer ranges between Rs. 58,000 to Rs. 60,000​.

Annual Earnings and Increments:

  • Yearly Salary Range: Annually, the salary for IBPS SO Law Officer in 2023 is projected to be between Rs. 10 Lacs - Rs. 11 Lacs.
  • Incremental Growth: The salary structure is designed to reward experience and tenure, with structured pay scale adjustments reflecting the officer’s growing expertise and value to the bank​.

Allowances and Benefits:

  • Dearness Allowance (DA): Approximately 36% of the basic pay, which helps adjust the salary against inflation and cost of living changes.
  • House Rent Allowance (HRA): Varies based on the city of residence, higher in metropolitan cities.
  • Medical Allowance: Covers health-related expenses.
  • Travelling Allowances: For commute and other official travels.
  • Provident Fund: Contributes to a long-term savings and retirement fund​​​​​.

Detailed Guide: IBPS SO Exam Books

Impact of the 7th Pay Commission:

  • The 7th Pay Commission has led to revisions in salary, including increases in basic pay and adjustments in allowances like the Dearness Allowance​.

Comparative Analysis Across SO Roles:

  • Salary Parity: The IBPS SO Law Officer's salary is on a scale equivalent to other specialist officers like IT Officers and Marketing Officers, ensuring equal valuation for specialized roles.
  • Role-Specific Incentives: While the basic pay is the same, role-specific incentives or allowances add variations to the overall compensation package​.

Regional Variations:

  • Cost of Living Adjustments: HRA varies depending on whether the officer is in a metro or non-metro city.
  • Rural Posting Benefits: Sometimes include additional benefits like hardship allowances​.

Interesting Read: IBPS SO Law Officer Salary


Explore LegalEdgeAfterCollege's IBPS SO Coaching for the 2024 Law Officer Exam.

Access free demo videos on crucial topics by clicking below.

 Key Takeaways 

  • Eligibility is Key: Remember, a Law Degree and Bar Council enrollment are mandatory. Age limit is 20-30 years, with relaxations for certain categories.
  • Limited Vacancies: Only 10 positions available, indicating high competition. Apply early and prepare thoroughly for the IBPS SO Law Officer vacancy in 2023.
  • Attractive Salary: The starting salary is around Rs. 60,000 - Rs. 65,000, with additional benefits like DA, HRA, and medical allowances.
  • No Attempt Limits: Apply as often as you like within the age criteria.
  • Diverse Opportunities: The role offers varied experiences in legal aspects of banking, making it a rewarding career choice.
  • Prepare Well: The competitive nature of the IBPS SO Law Officer vacancy 2023 necessitates focused and comprehensive preparation.

Frequently Asked Questions

What is the IBPS SO Law Officer post?

Who is eligible to apply for the IBPS Law Officer vacancy 2023?

How many vacancies are there for the IBPS SO Law Officer in 2023?

What is the age limit for the Law Officer position?

What is the selection process for the recruitment?

What is the structure of the IBPS SO Law Officer exam?

IBPS SO Law Officer Vacancy 2023: Category-Wise Vacancy List

Author : Shashwat Srivastava

February 6, 2024

SHARE

Reader's Digest: Curious about the IBPS SO Law Officer vacancy 2023? Check out our detailed guide covering everything from eligibility to exam tips. Read on!

The IBPS SO Law Officer plays a crucial role in the banking sector, offering legal advice and handling legal matters.

The position involves ensuring compliance with various laws such as RBI notifications, Banking Regulation Act, Foreign Exchange Management Act, and Companies Act.

The IBPS SO Law Officer vacancy 2023 presents a golden opportunity for law graduates aspiring to enter the banking sector.

This article provides a comprehensive guide on the IBPS SO Law Officer Recruitment, including key details about the exam, eligibility, and available vacancies. So, let's begin!

Key Contents

  1. Overview of IBPS SO Law Officer Vacancy 2023: Introduction to the significance and role of the IBPS SO Law Officer in the banking sector.

  2. Eligibility Criteria: Detailed information on educational qualifications, age limits, nationality requirements, and the number of attempts allowed for aspirants.

  3. Vacancy Details: Information on the total number of vacancies, category-wise distribution, and participating banks for the 2023 recruitment cycle.

  4. Salary and Benefits: Comprehensive breakdown of the starting salary, in-hand salary, annual earnings, allowances, and impact of the 7th Pay Commission.

  5. Role Comparisons and Regional Variations: Analysis of salary parity across different SO roles and adjustments based on city and rural postings.

Read: IBPS SO Law Exam Analysis 

IBPS SO Law Officer Vacancy 2023: Overview

The IBPS SO Law Officer Vacancy for the year 2023 has announced a concise number of vacancies, reflecting the competitive and prestigious nature of the position:

  • Total Vacancies: For the 2023 cycle, a total of 10 vacancies have been released for the Law Officer (Scale I) position. This limited number highlights the competitive nature of the recruitment process.
  • Category-Wise Distribution: The vacancies are distributed across various categories to ensure fair representation:
    • SC: 1 vacancy
    • ST: 0 vacancies
    • OBC: 2 vacancies
    • EWS: 1 vacancy
    • UR (Unreserved): 6 vacancies
  • Participating Banks: Although multiple public sector banks participate in the recruitment process, for the 2023 cycle, the Bank of India has a significant share of the IBPS SO Law Officer vacancy.

Detailed Guide: IBPS SO Law Syllabus

 Eligibility Criteria for Aspirants 

For the IBPS SO Law Officer vacancy 2023, the eligibility criteria are specific and must be thoroughly understood by aspirants to ensure they meet all requirements:

  • Educational Qualification: Candidates aspiring for the IBPS SO Law Officer post must have a Bachelor's Degree in Law (LLB) and must be enrolled as an advocate with the Bar Council. This ensures candidates possess the necessary legal knowledge and practical legal experience to perform the role effectively.
  • Age Limit: The age limit is set between 20 and 30 years, providing opportunities for young legal professionals to start a career in the banking sector. However, there are age relaxations for candidates from reserved categories, as per government norms:
    • SC/ST: 5 years
    • OBC (Non-creamy layer): 3 years
    • Persons with Disabilities: 10 years
    • Ex-Servicemen and candidates affected by 1984 riots: 5 years
  • Nationality: Candidates must be Indian citizens, or subjects of Nepal or Bhutan, or Tibetan refugees who migrated to India before January 1, 1962, or people of Indian origin who have migrated from certain countries with the intention of permanently settling in India.
  • Number of Attempts: There is no restriction on the number of attempts; candidates can apply for the IBPS SO Law Officer post as long as they fall within the specified age criteria.

Check: IBPS SO Law Eligibility

 Salary, Perks, and Benefits of IBPS SO Law Officer

The IBPS SO Law Officer role for the 2023 vacancies offers a competitive and attractive salary package, which is a major draw for aspirants in the banking sector.

Basic Salary Information:

  • Starting Salary: The IBPS SO Law Officer salary for 2023 begins with an initial pay of approximately Rs. 60,000 - Rs. 65,000, which includes a basic pay of around Rs. 36,000 along with other perks and allowances.
  • In-Hand Salary: Post deductions such as Provident Fund, Professional Tax, and Income Tax, the in-hand salary for an IBPS SO Law Officer ranges between Rs. 58,000 to Rs. 60,000​.

Annual Earnings and Increments:

  • Yearly Salary Range: Annually, the salary for IBPS SO Law Officer in 2023 is projected to be between Rs. 10 Lacs - Rs. 11 Lacs.
  • Incremental Growth: The salary structure is designed to reward experience and tenure, with structured pay scale adjustments reflecting the officer’s growing expertise and value to the bank​.

Allowances and Benefits:

  • Dearness Allowance (DA): Approximately 36% of the basic pay, which helps adjust the salary against inflation and cost of living changes.
  • House Rent Allowance (HRA): Varies based on the city of residence, higher in metropolitan cities.
  • Medical Allowance: Covers health-related expenses.
  • Travelling Allowances: For commute and other official travels.
  • Provident Fund: Contributes to a long-term savings and retirement fund​​​​​.

Detailed Guide: IBPS SO Exam Books

Impact of the 7th Pay Commission:

  • The 7th Pay Commission has led to revisions in salary, including increases in basic pay and adjustments in allowances like the Dearness Allowance​.

Comparative Analysis Across SO Roles:

  • Salary Parity: The IBPS SO Law Officer's salary is on a scale equivalent to other specialist officers like IT Officers and Marketing Officers, ensuring equal valuation for specialized roles.
  • Role-Specific Incentives: While the basic pay is the same, role-specific incentives or allowances add variations to the overall compensation package​.

Regional Variations:

  • Cost of Living Adjustments: HRA varies depending on whether the officer is in a metro or non-metro city.
  • Rural Posting Benefits: Sometimes include additional benefits like hardship allowances​.

Interesting Read: IBPS SO Law Officer Salary


Explore LegalEdgeAfterCollege's IBPS SO Coaching for the 2024 Law Officer Exam.

Access free demo videos on crucial topics by clicking below.

 Key Takeaways 

  • Eligibility is Key: Remember, a Law Degree and Bar Council enrollment are mandatory. Age limit is 20-30 years, with relaxations for certain categories.
  • Limited Vacancies: Only 10 positions available, indicating high competition. Apply early and prepare thoroughly for the IBPS SO Law Officer vacancy in 2023.
  • Attractive Salary: The starting salary is around Rs. 60,000 - Rs. 65,000, with additional benefits like DA, HRA, and medical allowances.
  • No Attempt Limits: Apply as often as you like within the age criteria.
  • Diverse Opportunities: The role offers varied experiences in legal aspects of banking, making it a rewarding career choice.
  • Prepare Well: The competitive nature of the IBPS SO Law Officer vacancy 2023 necessitates focused and comprehensive preparation.

Frequently Asked Questions

What is the IBPS SO Law Officer post?

Who is eligible to apply for the IBPS Law Officer vacancy 2023?

How many vacancies are there for the IBPS SO Law Officer in 2023?

What is the age limit for the Law Officer position?

What is the selection process for the recruitment?

What is the structure of the IBPS SO Law Officer exam?

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