SSC MTS Salary 2021: The Staff Selection Commission multitasking staff (MTS) salary is discussed here. Check the career Growth and Job Profile which is discussed in the article. All the interested aspirants can check the details of the salary in the article below.

SSC MTS Salary Structure, Career growth and Work Profile 2021

An important conducted by the Staff Selection Commission of India is Multi Tasking Staff(MTS). It is also a challenging job and requires a lot of hard work. The article contains the details of the Multi-tasking staff’s profile, salary structure, and career growth.
These posts fall into the Group “C” Non-Gazetted and Non-Ministerial Post. These posts include the following:
1. Peon
2. Daftary
3. Jamadar
4. Junior Gestetner Operator
5. Chowkidar
6. Safaiwala
7. Mali

Overview of SSC MTS 2021

 Name of the SSC MTS 2021 (SSC Multi Tasking Staff 2021)
 Conducting Authority Staff Selection Commission (SSC)
 Job Type Central Government Job
 Eligibility Criteria 10th
 Mode Paper I: Online,
Paper 2: Offline
 Total Number of Questions Paper 1: 200,
Paper 2: 1
 Sections Paper 1: General Intelligence & Reasoning, Numerical Aptitude, General English, General Awareness
Paper 2: Essay & Letter Writing
 Maximum Marks Paper 1: 200
Paper 2: 50
 Type of Questions Paper 1: Objective (Multiple Choice Questions)
Paper 2: Descriptive (Essay/Letter Writing)
  Duration Paper 1: 90 minutes
Paper 2: 30 minutes
 Official Website SSC.nic.in

SSC MTS Salary Structure

The salary for SSC MTS is calculated on a Gross and In-Hand basis. The income increased by 20% after the 7th pay commission.
The salary structure has been tabulated below:

Post

MTS(GP 1800) MTS(GP 1800) MTS(GP 1800)

City Category

X Y Z

Basic Pay

18000 18000

18000

DA

0 0

0

HRA

4320 28880 1440
TA 1350 900

900

DA on TA

0 0 0
Gross Salary 23670 21780

2034

NPS

1800 1800 1800
CGHS 125 125

125

CGEGIS

1500 1500 1500
Total Deduction 3425 3425

3425

In-Hand Salary

20245 18355

16915

Click here to check the official notification for SSC MTS

The Multi-tasking staff promotions are in the form of salary, which is depicted as follows:

SSC MTS Job Profile: SSC Multi-Tasking Staff Job Profile
The  Multi-tasking staff has the following roles:

  1. Physical maintenance of records of the Section.
  2. General cleanliness & upkeep of the Section/Unit.
  3. Carrying of files & other papers within the building.
  4. Photocopying, sending of FAX, etc.
  5. Other non-clerical work in the Section/Unit.
  6. Assisting in routine office work like a diary, despatch, etc., including on computer
  7. Delivering of dak (outside the building).
  8. Watch & ward duties.
  9. Opening & closing of rooms.
  10. Cleaning of rooms.
  11. The dusting of furniture, etc.
  12. Cleaning of buildings, fixtures, etc.
  13. Work-related to his ITI qualifications, if it exists.
  14. Driving vehicles, if in possession of a valid driving license.
  15. Upkeep of parks, lawns, potted plants, etc.
  16. Any other work assigned by the superior authority.

Important Dates:

Important Dates
Commencement of Online  (Paper-I) July 01 to 20, 2021
Descriptive  (Paper-II) To be notified
Commencement of Skill Test To be notified

Note: The Above mentioned dates may get changed due to the COVID-19 lockdown.
Candidates are requested to visit this website regularly to stay updated with the upcoming notifications.

SSC MTS Salary FAQs

Q 1. What is the Grade Pay of SSC MTS?
Ans. The Grade Pay of SSC MTS is Rs. 1800/-.
Q 2. What is the pay band of SSC MTS salary?
Ans. The pay band for SSC MTS posts is Pat Band-1 (Rs. 5200-20200).
Q 3. What is the starting salary of SSC MTS?
Ans. The starting salary of SSC MTS is between 17K to 21K depending upon the location of the posting.
Q 4. What is the full form of MTS?
Ans. The full form of MTS is multitasking staff.
Q 5. What is the job profile of SSC MTS?
Ans. The job profile includes peon, safety, jamadar, Safaiwalla, mali, operator, etc.

A highly respectable position, well-paid salary, allowances, and assured future through a pension. In this article, details of the RBI Grade B In-hand Salary, Perks, Increments, and Promotion have been provided along with allowances and benefits. Reserve Bank of India(RBI) releases several vacancies for various posts every year. This year’s exam for Grade B post consists of three phases for the selection of candidates. Candidates who get selected after Phase-I & Phase-II of the exam are called for the final interview process.

This is a wonderful opportunity to get associated with the public sector and make use of the perks offered. Candidates looking for an opportunity in the banking field can apply for this post as soon as possible. Read further to find out more on RBI Officers Salary.

RBI Grade B Salary Structure

The starting salary of RBI Grade B Salary in hand will be around Rs 35,150/-.
The RBI Grade B Salary is tabulated below:

RBI Grade B Basic Pay Rs 35,150/-
RBI Grade B Pay Scale 35150 – 1750(9)– 50900-EB-1750(2)-54400-2000(4)-624000
RBI Grade B Grade Pay Not applicable
RBI Grade B Salary: NET Salary Including All Allowances Rs 67,933/-

RBI Grade B Salary Allowances

Apart from the Basic Pay, multiple emoluments such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance, etc. will also be provided.

  1. Dearness Allowance(DA): DA of 113% of the basic salary.
  2. HRA Allowance: 2BHK/3BHK flat is given to the RBI Grade B employees. If the employees are not allocated flats, then they can claim up to Rs 70,000 as rent allowance.
  3. Medical Allowance: Medical allowances up to 4000 Rupees can be claimed. These allowances are also valid for the dependents of the employees.
  4. Education Allowance: RBI Grade B officer can avail Rs. 4000/- under education allowance every month.
  5. Fuel Allowance: 150 liters of fuel per month can be claimed.
  6. Maid Allowance: Rs 3000/- is offered under the maid allowance is received by RBI Grade B officers.
  7. Mobile Allowance: A claim up to Rs 1500/- as a mobile allowance.
  8. Sodexo Coupons: RBI provides the employees with Sodexo coupons worth Rs 2000/- which can be spent on food/groceries.
  9. Leave Fare Concession Travel (LFC):  The RBI will offer around Rs100000 for the employees under LFC allowance. This can be availed once in two years, by the employee and his dependents.
  10. Briefcase allowance: The officers can avail of Rs.7000 under briefcase allowance. This amount can be reimbursed once every three years.
  11.  Spectacles allowances: Spectacles allowance of Rs 7000/- can be claimed for either the RBI Grade B officer or the spouse.

At present, initial monthly Gross emoluments are approximately Rs. 75,831/-(approx.). For such allowances, in-hand salary, a candidate must prepare for the exam with proper knowledge of concepts as per the RBI Grade B Syllabus.

RBI Grade B Salary Increments

All the Officers selected through RBI Grade B 2021 Exam will receive an annual salary range of 12-14 Lac. Along with the CTC, various emoluments & allowances are given.
The PayScale for the RBI Grade B Officer is Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400.
This can further be explained as follows:

  1. Initial Basic Pay – Rs 35150 with a yearly increment of Rs 1750 for 9 years
  2. Rs 50900 and yearly increment of Rs 1750 for the next two years in the executive band
  3. Rs 54400 and yearly increment of Rs 2000 for the next four years
  4. Rs 62400 (Maximum Basic Pay)

Thus, the RBI Grade B Salary is Rs. 62,400/- (Maximum) and this is when an employee does not take any promotion.

RBI Grade B Promotion

With a constant increase in the salary of RBI Grade B Officers, the promotion designations also attract the candidates. The candidates employed as RBI Grade B Officers get promoted in the following series:

  • Assistant Manager
  • Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Principal Chief General Manager
  • Executive Director
  • Deputy Governor
  • Governor

RBI Grade B Job Profile

Not just a good salary of RBI Grade B Officer, the job profile is also interesting. After the selection of the candidate as RBI Grade B Officer, a probation period of two years along with 15 weeks of training is kept. The venue of this training is the Reserve Bank Staff College. The job profile of the RBI Grade B officer varies from one post to the other based on the locations they have posted. the departments include Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD. One could be transferred to different departments.
RBI Grade B Officer job profile is listed below:

  1. Ensuring Nation’s Financial Stability- The RBI Grade B Officers work towards keeping the inflation under check and ensure an adequate supply of liquidity of the production sector is taken care of or is under control. It is important to maintain the financial stability of the country and the officers are responsible for the smooth functioning. The officers are entitled with enhancing the confidence of the public in the financial system of the country and make them use the cost-effective and new technology services provided by the bank to its customers.
  2. Currency Issue and circulation- As RBI issues coins and currency, RBI Grade B Officers are responsible for its circulation to the various nationalized banks covered under the boundaries of RBI. Also, smooth functioning of the currency till the subordinate units of RBI is an important duty of the RBI Grade B officer.
  3. Management of Government accounts- Management of the state and central government accounts by performing various merchant banking functions for them.

Note: Probation period is 2 years and extends till 4 years
The RBI is the entry-level position in any bank and after appointment, as candidates get the experience of working or their daily schedules, they will get huge opportunities to prove the work qualities that can provide a promotion to them and can also help them to reach the senior post.

With an attractive RBI Grade B Salary, the benefits of this job are numerous. For all these salary, perks, and promotion, candidates who are applying for RBI Grade B Officers do need to buckle up and start preparation with full determination to score high and qualify for the exam. Candidates applying for the post are advised to stay updated with the website for recent notifications on relevant govt jobs.

IBPS RRB Salary 2021: The Institute of Banking Personnel Selection or the IBPS is the body that carries out the recruitment process for IBPS Regional Rural Banks (RRB) in India. It is popularly known as the IBPS RRB Exam. The IBPS RRB exam is conducted for recruitment to four different posts:

    1. IBPS RRB Office Assistant or Clerk (Multipurpose)
    2. IBPS RRB Officer Scale I or PO
    3. IBPS RRB Officer Scale-II ( Generalist & Specialist)
    4. IBPS RRB Officer Scale III (Senior Manager)

IBPS RRB conducts recruitment to select candidates in the following levels.

  • Group A Officers: Scale-I, Scale-II, Scale-III
  • Group B Office Assistants: Multipurpose Office Assistants or Clerk

Here we are discussing the salary received by an IBPS RRB Employee.

IBPS RRB Salary: In Hand Salary

The pay scale for IBPS RRB office assistants or clerk is in the range of Rs. 7200-400/3-8400-500/3-9900-600/4-12300-700/7-17200-1300/1-18500-800/1-19300.Rs. 19000- Rs. 22000 is the cash in hand for newly appointed candidates.

The detailed IBPS RRB Salary as per the post is given in the table below:

IBPS RRB Salary For Clerk & Officer Post

IBPS RRB Posts IBPS RRB salary (In-hand Salary)
IBPS RRB Clerk Rs. 15000 – Rs.20000
IBPS RRB Officer (PO) Rs. 29,000 – Rs. 33,000
Officer Scale-II Rs. 33,000 – Rs. 39,000
Officer Scale III Rs. 38,000 – Rs. 44,000

IBPS RRB Clerk Salary: In Hand Salary

The In-Hand Salary of IBPS RRB Office Assistant varies from Rs. 15,000 – 20,000/-. This salary may vary for different organizations. 100% DA is given for the new recruits.

IBPS RRB Office Assistant or IBPS RRB Clerk Pay Scale is Rs. 7200-(400/3)-8400-(500/3)-9900-(600/4)-12300-(700/7)-17200-(1300/1)-18500-(800/1)-19300. 

IBPS RRB Syllabus 2021: For Clerk, PO, Officer Scale II, II

IBPS RRB Job Profile Of Clerk

When a candidate is appointed as an IBPS RRB Clerk he/she is under training or probation period of 6 months. During this time period, he/she gets acquainted with the functions that will be executed by them. The Job Profile of an IBPS RRB Clerk or an office assistant is given below:

  1. Handle Receipts: An IBPS RRB Office Assistant receives and acknowledges cash, drafts, cheques, pay orders and other instruments.
  2. Handle Withdrawals: Passing and paying out cash payment of withdrawal forms, cheques, etc
  3. Handle mails and delivery: Acknowledging inward mails, preparing outward mails and managing the delivery of cheque books.

IBPS RRB PO Salary: In Hand Salary

The Pay-scale for IBPS RRB Officer Scale 1 or IBPS RRB PO is 14500-600/7-18700-700/2-20100-800/7-25700.

The In-hand Salary of an IBPS Officer Scale I or PO at present varies from Rs.29,000 to 33,000 at 100% D.A.

IBPS RRB Job Profile of PO

When a candidate is appointed for the post of IBPS RRB PO he/she undergoes a training or is under probation of 2 years. During the probationary period, the candidate will receive a fixed amount that is usually less than the normal pay scale. The job profile for the candidates selected for IBPS RRB Officer Scale I (PO) is given below.

  • To manage the day-to-day banking operations.
  • Loan disbursement & credit portfolio rating.
  • To take care of single window operations or being a teller.
  • Focus on the agricultural schemes and policies for the rural market.
  • Preparing the audit reports and NPA recovery also forms a major job task.

Apart from the tasks mentioned here, one also has to take care of in-house staff and managing of the clerical staff. Running and operations of banks also rely on the Probationary Officer.

IBPS RRB Officer Scale I: Career Growth

IBPS RRB Officer Scale-I is a position for the post of Probationary Officer (PO) in the RRB’s. The in-hand salary of IBPS RRB Officer ranges from Rs. Rs. 29,000 – Rs. 33,000.

An IBPS RRB Officer Scale I will be under probation for a period of 2 years. After that he/she will be appointed as a regular serving employee thereby, being promoted to the post of Assistant Manager. The promotional hierarchy for IBPS RRB Officer Scale I is shown below:

  1. IBPS RRB Officer Scale I (PO)
  2. Assistant Manager
  3. Deputy Manager
  4. Branch Manager
  5. Senior Branch Manager
  6. Chief Manager
  7. Assistant General Manager
  8. Deputy General Manager
  9. General Manager

IBPS RRB Salary: Perks & Allowances

The IBPS RRB Salary includes Dearness Allowances (DA) and House Rent Allowance (HRA) for all the scales of IBPS RRB.

The table below displays the detailed information of all the allowances provided to the IBPS RRB Officers.

IBPS RRB Salary Allowances 
Dearness Allowance 46.5% of the basic pay.
House Rent Allowance
  • For Rural Areas: 5% of the basic pay
  • For Semi-urban Areas: 7.5% of the basic pay
  • For Urban Areas: 10% of the basic pay
Special Allowances 7.75% of the basic pay.

Apart from these allowances, there are also the following perks tagged along with the IBPS RRB Salary in India:

  • Travel Allowances: Full traveling allowance or reimbursement of the money spent on petrol/diesel.
  • Leased Accommodation: Banks mostly provide their employees either a bank quarter to stay in or gives an option to lease a house for which the bank is accountable for providing the rent.
  • Medical Reimbursement
  • Pension Schemes
  • Overtime Allowance
  • Newspaper Allowance
  • Miscellaneous

» You may also read the following salary of the bank exams:

IBPS Clerk Salary

IBPS PO Salary

IBPS RRB Salary 2021 FAQ’s

Q.What are the posts for which I can apply for IBPS RRB?

Ans. You can apply for the post of IBPS RRB Clerk or Office Assistant, IBPS RRB Officer Scale I or PO, IBPS RRB Officer Scale II, and IBPS RRB Officer Scale III. However, you can apply only for one post in Officer Category.

Q. What is the pay scale of IBPS RRB Clerk?

Ans. The Pay Scale of IBPS RB Clerk is Rs. 7200-(400/3)-8400-(500/3)-9900-(600/4)-12300-(700/7)-17200-(1300/1)-18500-(800/1)-19300.

Q. What is the pay scale of IBPS RRB PO?

Ans. The pay scale of an IBPS RRB PO is 14500-600/7-18700-700/2-20100-800/7-25700.

Q. What is the salary of an IBPS RRB PO?

Ans. The salary of an IBPS RRB PO at present varies from Rs.29,000 to 33,000 at 100% D.A.

Q. What is the job of an IBPS RRB PO or Officer Scale I?

Ans. An IBPS RRB PO carries the duty of Loan disbursement & credit portfolio rating, preparation of the audit reports, and NPA recovery as well as to manage the day to day operations of the bank.

RBI Assistant Salary has been discussed here. A job with RBI has considered very prestigious and lucrative as it offers a great salary package along with a no. of perks and other incentives. Knowing the salary structure, perks, and allowances given will help the candidates’ to stay motivated and work harder to achieve their dream job.

Read the article to know more about the job profile, its perks, and the lavish lifestyle it provides to its employees. Read the following article for gross salary, in-hand salary and perks, and allowances offered to RBI Assistant 2021. 

RBI Assistant Salary 2021:Overview

RBI Assistant Salary 2021
Conducting Body Reserve Bank of India
Post RBI Assistant
No of Vacancy To be released soon
Category Salary Structure & Perks
Basic Pay Rs 14,650/- per month
Jobs Bank Jobs
Exam Level National
Selection Process Prelims, Mains and Language Proficiency Test
Official Site rbi.org.in

RBI Assistant 2021 Salary Structure

The pay scale of an RBI Assistant as per the 7th pay commission will be as follows.

  • The basic pay will be Rs 14,650/- per month (i.e. Rs 13,150/- plus two advance increments in the scale of ₹ 13150 – 750(3) – 15400 – 900(4) – 19000 – 1200(6) – 26200 – 1300(2) – 28800 –1480(3)– 33240 – 1750(1) – 34990 (20 years)
  • This implies:
    Initial Basic Pay – Rs 14,650/- per month & the Basic Pay Maximum will be Rs 62400/-
  • The initial monthly Gross emoluments for RBI Assistant is approximately Rs 36091/- at present.

Interested candidates of RBI Assistant must note the benefits of this job and prepare for the same using all their best efforts.

What Is the In-Hand Salary of RBI Assistant?

The monthly In-hand Salary of an RBI Assistant is Rs 36091/-. The monthly salary will increase after increment which will be held twice or thrice in a year. Moreover, with the promotions held internally, the salary will be increased further.

Click here to Check RBI Assistant Result

Perks and Allowances in RBI Assistant Salary

Apart from the monthly salary offered to an RBI Assistant, the eligible candidate will be entitled to the following allowances:

  1. Dearness Allowance
  2. House Rent Allowance (if accommodation is not provided)
  3. Compensatory Allowance
  4. Transport Allowance

House Rent Allowance(HRA)  will not be paid to the employee if Bank’s accommodation is provided and the license fee will be recovered from her/him @ 0.3% of pay at the starting stage of the pay scale of Class III.

Having a bank job has its own benefits. Along with good basic pay, the candidates do get to enjoy several perquisites.

RBI Assistant Salary includes the following Perks:

  • Bank’s accommodation subject to availability
  • Reimbursement of expenses for maintenance of vehicle for official purpose
  • Newspaper, Briefcase, Book Grant, Allowance for furnishing of residence, etc. as per eligibility
  • Dispensary facility besides reimbursement of medical expenses for OPD treatment or hospitalization as per eligibility.
  • Interest-free Festival Advance
  • Leave Fare Concession
  • Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc. It will be available to regular employees who will put in at least two years of service.
  • The recruits will be governed by the Defined Contribution New Pension Scheme, in addition to the benefit of Gratuity.

What is the Job Profile/Work of RBI Assistant?

RBI, being the apex bank of India would provide you with an ample amount of job growth. Job Profile/ Work that he/she is to perform are as follows:

  1. The foremost job would be to maintain files, collect receipts, balance tally, maintain the ledger, etc.
  2. The eligible employee would be responsible to verify all the documents.
  3. He/She would be entitled to issue and circulate a new currency
  4. He/She will have to reply to e-mails and maintain a record of emails sent and received
  5. As an RBI Assistant, he has to ensure financial stability.
  6. Note that the Working Days are 5 (five) days a week, with gazetted holidays.

RBI Assistant Promotion

There are reasonable prospects of Promotion in RBI Assistant to higher grades.

There will be internal examinations conducted regularly on which he/she will be promoted. With each promotion, the salary will increase as well as the roles and responsibilities of the employee.

Owing to an excellent pay scale and numerous benefits, a large no. of candidates appear for the exam every year. And with cut-throat competition, the examination is bound to be tough. So, interested candidates must ensure that they prepare for the examination with full dedication and sincerity. Keep solving mock test papers to improve your timing in each section. Stay motivated and focus on your goal to work in one of the most prestigious work arenas in the country.

SBI Circle Based Officer Salary 2021: The State Bank of India will be recruiting a total of 3850 Candidates for the post of Circle Based Officer (CBO). As being an SBI Circle Based Officer (CBO) receives an attractive salary package, therefore, the no. of applications received will be huge. Here we are discussing the salary of a Circle Based Officer. Let us have a look at the Circle Based Officer SBI In Hand Salary 2021, Perks and Allowances, Career Growth.

SBI Circle Officer Salary Structure

The candidates who will be applying for the SBI Circle Based Officers 2021, will be placed in the Junior Management Grade Scale 1or JMGS-I. The JMGS 1 term is generally used to refer to the officers who have just entered the Officer Cadre after promotion from the Clerical Cadre.

The SBI CBO Pay Scale will be Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020.

This means the CBO will get a basic pay of Rs 23700 with an increment of Rs 980 for the next 7 years, followed by a basic of Rs 30560 with an annual increment of Rs 1145 for the next two years and so on. The maximum basic salary will be Rs 42020.

SBI CBO In Hand Salary

The candidates who will be appointed as SBI Circle Based Officer (CBO) will be paid or the Basic Pay will be Rs. 23,700/- plus one increment at the starting of the job. The candidates will be given one increment for each completed year of service rendered in the officer cadre in the Scheduled Commercial Bank and Regional Rural Bank, as of 01.08.2020.

The Gross compensation received lies between 8.20 Lakhs (minimum) to Rs. 13.08 lakhs (maximum) per annum. The amount varies with the location of the job posting.

SBI CBO Perks and Allowances

Here we are describing the perks and allowances that an SBI Circle Based Officer (CBO) is entitled to.

SBI CBO Allowances

After being appointed as an SBI Circle Based Officers, the candidates will receive the following allowances apart from the regular monthly salary.

Allowance Amount
Dearness Allowance 46.9% of the Basic Pay
City Compensatory Allowance 3% – 4% depending on location
House Rent Allowance 7% – 9% depending on the Place of Posting
Medical Insurance 100% covered for employee | 75% covered for dependent family
Travelling Allowance AC 2-tier fare is reimbursed to the employee for official travels
Petrol Allowance INR 1,100 – 1,250
Newspaper Allowance,
Entertainment Allowance,
Books Allowance, etc.
Varies based on Cadre

To get regular job updates, access to mock tests download our app by clicking below:

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SBI CBO Perks

An SBI Circle Based Officer will also be entitled to the following perks as per rules in force from time to time.

1.Contribution Pension Scheme/New Pension Scheme.

2.Medical Aid for self (100%) and for family (75%).

3.LTC.

4.Home Travel Concession/ Leave Fare Concession.

5.Concessional interest rates for Housing/Car/Personal Loans.

SBI CBO Salary: Promotion, Career Growth

  1. On joining, the selected candidates will be designated as “Circle Based Officers” (CBOs) and will be on probation for a period of 6 months.
  2. The CBOs will be subjected to continuous assessment during the probation period for judging their suitability for confirmation.
  3. The candidates who qualify in their assessment as per standards determined by the Bank from time to time will be confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
  4. If any candidate fails to achieve minimum standards stipulated, his/ her services may be terminated as per the policy of the Bank in force at the material time.
  5. The selected officers will be in the general cadre and will be governed by the promotion policy applicable for Bank’s general cadre officers.
  6. The selected candidates will not be entitled to inner-circle transfer up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is later.

IBPS Clerk Salary 2021: The Institute of Banking Personnel Selection (IBPS) is the conducting body for the recruitment of the IBPS Clerks. With the release of the IBPS Clerk Notification for 2021, there is a curiosity among the candidates regarding the salary, perks, and allowances.

This article enlightens the candidates with the IBPS Clerk Job, including Salary In hand, Pay Scale, Allowances, Job Profile & Promotions. Read on to find all the information.

 

IBPS Clerk Salary 2021: Pay Scale

The sum of Basic Pay and allowances makes up the total IBPS Clerk Salary. The first Basic Pay for IBPS Clerk is Rs 11,765.
IBPS Clerk Payscale is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
This implies that the minimum Basic Pay for IBPS Clerk is Rs 11,765 while the maximum is Rs 31540.

Basic Pay Amount
Initial Basic Pay Rs 11,765, with a yearly increment of Rs 655 for three years
Basic Pay after 3 years Rs 13730, with a yearly increment of Rs 815 for the next three years
Basic Pay after the next 3 years Rs 16175, with a yearly increment of Rs 980 for the next four years
Basic Pay after the next 4 years Rs 20095, with a yearly increment of Rs 1145 for the next 7 years
Basic Pay after the next 7 years Rs 28110, with a yearly increment of Rs 2120 for the next one year
Basic Pay after the next 1 year Rs 30230, with a yearly increment of Rs 1310 for the next one year
Basic Pay after next year  Rs 31540 (maximum Basic Pay)
ibps-clerk

IBPS Clerk Salary: Allowances

IBPS Clerk Salary Allowances are quite attractive. There are several allowances provided. These allowances also depend on the location of posting and a few other factors.
The type of allowances of IBPS Clerk Salary are listed below:

Special Allowance Rs 1561
Dearness Allowance (DA)
  • DA is 4 percent of the IBPS Clerk Basic Pay.
  • DA depends on the CPI and is revised quarterly, i.e. after every three months.
  • The starting DA would be Rs 7073
House Rent Allowance (HRA)
  • The HRA depends on the location of the posting.
  • The HRA remains between 6.5% to 8.5% depending upon the location of the posting.
Travel Allowance Expenses on official tours and travels will be reimbursed by the bank.
Medical Allowance This is paid once a year. For IBPS Clerks, the amount is fixed at Rs 2000 annually.


The variation of IBPS Salary and Allowances as per the location :

IBPS Clerk Salary Structure – Divisions Population More Than 45 lakhs Population Less Than 45 lakhs
Basic Pay Rs 11765 Rs 11765
Dearness Allowance Rs 5311 Rs 5311
Travel Allowance Rs 425 Rs 425
Special Allowance Rs 911 Rs 911
House Rent Allowance Rs 1176 Rs 1058
Total IBPS Clerk Salary Rs 19588 Rs 19470

IBPS Clerk Job Profile

IBPS Clerk Job profile involves the following Roles And Responsibilities. The IBPS Clerk Job Profile involves a lot of duties, and not just account related to accounting, but also has customer service and guidance. An IBPS Clerk is the first point of contact person for bank-related inquiries and issues. He/She deals with the front desk work and customer handling operations and this is why his Job Profile is also known as Single Window Operators.

The Job Responsibilities of an IBPS Clerk is given below.

  • To manage inquiry corners, receipts, withdrawal, etc.
  • clerk also deals with opening new accounts, cash collection, issuing bank statements, and handling mails and delivery.
  • Verification of various documents and proofs submitted by the customers
  • Updating the passbooks of account holders
  • Responsible for bank cash, various important documents, keys, etc.
  • Issuing of Demand Drafts (DDs), bank accounts for the customers, cash receipts, etc.
  • Sanctioning of withdrawals by the customers
  • Maintaining the various documents of the bank, balance sheets, ledger, etc.
  • Resolving the various issues of the customers
  • Guiding customers relating to various banking activities
  • Attending to treasury works

Thus, one and all an IBPS Clerk job profile is quite a task without which some of the major bank operations might not be possible.

IBPS Clerk Promotions

IBPS Clerk offers great chances for growth. With a good salary, a settled job, and other perks. As a bank clerk, based on the performance and contribution to the bank, there are many chances of growth. When a person works as a bank clerk he learns the different ways bank functions and chances to prove your potential and merit. A clerk has to serve for a minimum period of 3 years or 2 years in some banks before he can apply for the promotion. Promotions are given the following two processes:

  1. Normal/Seniority process
  2. Merit-based/Fast track process

Normal Process: IBPS Clerks are given promotions based on their experience and seniority. However, they will have to clear the written exam conducted internally. Candidates who get a promotion through this process don’t need JAIIB and CAIIB diplomas.

Merit-Based Process: Under this, the candidates must hold JAIIB and CAIIB diplomas from the Indian Institute of Banking and Finance (IIBF).

The levels of promotions for an IBPS Clerk is given below.

Clerk->Officer->Senior Officer->Asst Manager->Manager->Senior Manager->Chief Manager->AGM->DGM->GM

Those who join through the PO Programme will directly be given Assistant Manager cadre post-confirmation as Management Trainee.

  1. Assistant Manager – Scale 1
  2. Manager – Scale 2
  3. Senior Manager – Scale 3
  4. Chief Manager – Scale 4
  5. Assistant General Manager – Scale 5
  6. Deputy General Manager – Scale 6
  7. General Manager – Scale 7

The clerk is the entry-level position in any bank and after appointment, as candidates get the experience of working or their daily schedules, they will get huge opportunities to prove the work qualities that can provide a promotion to them and can also help them to reach the senior post.

Also Check: 

RRB NTPC Admit Card 2021

IBPS Clerk Salary 2021: FAQ’s

Q 1. What is the in-hand salary for an IBPS Clerk?
Ans. The In-Hand Salary for an IBPS Clerk at entry-level varies from Rs.19,000/- to Rs.22,000/- per month. However, the salary increases with the years in service.

Q 2. How can an IBPS Clerk get promoted to a higher level?
Ans. An IBPS Clerk gets promoted through two methods: Normal/Seniority process OR Merit-based/Fast track process.

Q 3. What are the benefits that an IBPS Clerk receives apart from the salary?
Ans. An IBPS Clerk gets the facility of DA, HRA, Medical, Travel, Transport Allowances to name a few.

Q 4. What is the basic pay for an IBPS clerk?
Ans. An IBPS Clerk has a basic pay of Rs 11,765 while the maximum is Rs 31540.

SBI Clerk Salary 2021 is one of the top queries of aspirants. The details of salary structure, allowances, and other perks of the profile are discussed. With the release of official notification in January this time, aspirants with a dream of a Bank job will want to know the salary details, the work/job profile, and the perks that the SBI Clerk enjoys. SBI Clerk 2020. Let us look at the details of the Clerk or Junior Associates Salary, In-hand Salary, Perks, Allowances & Job Profile.

SBI Clerk Salary 2021

The basic salary of an SBI Clerk is about Rs 25000/- per month that includes the Dearness Allowance(D.A). SBI Clerk Salary Structure: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110- 2120/1- 30230-1310/1-31450.

The SBI Clerk/Junior Associate has a basic pay of Rs.13075/- SBI Clerk pay scale as per the SBI Clerk notification. The facility of yearly increment is fixed too. The increments given are as follows:

Period Basic Pay (INR) Increment (INR)
For the first three years 11,765 655
For the next three years 13,730 815
Another 4 years 20,095 2120
For the next 7 years 28,810 1310
After 1 year 31, 540

SBI Clerk Salary: In-hand Salary

A Clerk or junior associate in SBI receives an approximate amount of Rs. 23,000/- (in-hand) including the DA. The in-hand salary of the SBI Clerk usually lies in the range of Rs. 20,000/- to Rs. 22,000/-, which mostly depends on the location of posting

SBI Clerk Salary: Perks & Allowances

After clearing the SBI Clerk examination, the clerk enjoys the following perks:

  • Stability
  • Financial Security
  • Pension under New Pension Scheme(NPS)
  • Medical Insurance
  • Provident Fund

For such perks and overall package, a candidate must be through with their preparation. Do check the exam pattern & syllabus for SBI Clerk to start your preparation.

SBI Clerk Allowances

Along with the basic salary, the list of other allowances includes the following:

  1. Dearness Allowance
  2. House Rent Allowance
  3. Transport Allowance
  4. Special Allowance
  5. City Allowance
  6. Medical Allowance
  7. Newspaper Allowance
  8. Furniture Allowance

Allowances vary from the place of posting. The employees are provided with a provident fund, pension under New Pension Scheme, Medical, Leave fare, and other facilities.

SBI Clerk Job Profile: Roles and Responsibilities

A candidate appointed as a clerk in a State Bank of India has an immense growth chance of growing until the post of General Manager. As mentioned, it is a good opportunity to get an entry-level job in the banking sector. The role of an SBI Bank Clerk includes the following:

  1. Functions as a Single Window Operator
    -Day to day bank functions such as opening accounts, amount transfers through cheque/ NEFT/ RTGS; Issuance of Demand Drafts(DD), Cheque clearance, Cheque book requests, receiving inward emails
  2. Functions as Head Cashier
    -Sometimes, the clerk also functions as a cashier. This involves handling cash transactions of the concerned branch, clearing, and transfer of cheques
  3. The Junior associates may also function as special assistants or universe tellers
  4. The clerks are also liable for addressing the customer concerns and resolving them

SBI Clerk Promotion

Promotions for SBI Clerk can be of two types:

1. In-Cadre Promotions for SBI Clerk

  • A candidate in the clerical cadre who has been in service for ten years will be promoted to the post of Senior Assistant. This post shall receive a special allowance of Rs.1800/-
  • A candidate in the clerical cadre who has been in service for twenty years will be promoted to the post of Special Assistant. This post shall receive a special allowance of Rs.2500/- which will be considered for Dearly Allowance (DA) & House Rental Allowance (HRA)
  • A candidate in the clerical cadre who has been in service for thirty years will be promoted to the post of Senior Special Assistant. This post shall receive a special allowance of Rs.3500/- which will be ranked for Dearly Allowance (DA) & House Rental Allowance (HRA)

2. Promotions for SBI Clerk to Officer Cadre To Trainee officer

  • A candidate as a clerk in service for three years can become a trainee officer after clearing a written test and interview. Such clerks are kept under probation for an initial two years of appointment as Trainee Officer. Based on performance and after the probation period, the trainee officer will be either recruited into Middle Management Grade Scale-II (MMGS-II) cadre or sent back to the clerical cadre.

3. Directly to JMGS-I

  • A six-year service under a fast track promotion channel or after twelve years of service under a normal promotion channel, a clerk can become a Junior Manager Grade Scale (JMGS-I) officer, after clearing a written test & Interview. This promotion is subject to an upper age limit.

Click here to Check SBI Clerk Cut off

SBI Clerk Salary: Probation Period

  • A candidate will be serving a period of 6 months on probation. Newly recruited Junior Associates will be required to complete e-lessons as prescribed by the bank during the probation, for getting confirmed in the Bank, failing which their probation will be extended till completion of the same.
  • Further, before the probation period comes to an end, the performance of the newly recruited employees will be evaluated and the probation period of those employees whose performance does not meet the expectation may be extended

Check more Bank Jobs 2021

Institute of Banking Personnel Selection (IBPS) is an autonomous body that operates as a Personal Selection Body for Nationalised and Rural Banks. IBPS SO examination is conducted by IBPS every year to fill up the post as a Specialist Officer in the categories mentioned in this article. The IBPS SO Salary received by an employee is very lucrative. This year also it released 1500+ vacancies to recruit personnel in Specialist Officers’ Cadre for six posts. Working as a Specialist Officer is a highly reputed job that demands special qualifications for the six different posts.

This article covers Post Wise Salary, Salary In Hand After 7th Pay Commission, Job Profile, Growth Opportunities, Perks, and Other Benefits.

The following table shows the 6 posts for which IBPS SO Recruitment 2021 has been made.

IBPS Specialist Officer Posts 1. I.T. Officer (Scale I)
2. Agricultural Field Officer (Scale I)
3. Rajbhasha Adhikari (Scale I)
4. Law Officer (Scale I)
5. HR/Personnel Officer (Scale I)
6. Marketing Officer (Scale I)

IBPS SO Salary: Job Profile

The type of work performed by each Specialist Officer varies from post to post. Given below are the type of works performed by each one of them.

Post Work Profile
Agriculture Field Officer
  • Promote rural banking and generate lead.
  • Understand the core and financial needs of people in rural areas.
  • Coordinating with other RRBs, NABARD, and other organizations.
  • Loan inspection and recovery in rural areas.
IT Officer
  • Look after the core banking system.
  • Manage technical issues of the banking system.
  • Develop and modify the software.
  • Look after the security systems of the bank to avoid cybercrimes.
Rajbhasha Adhikari
  • Proofread and translate important documents used in the banking system.
  • Conduction of language-related workshops.
  • Promote and train employees in the local language.
Law Officer
  • Handle all the legal affairs of the bank.
  • Represent the bank in case of a suit filed.
  • Monitor errors and authenticity of the banking system.
HR/Personnel Officer
  • Maintenance of employee database.
  • Conducting the process of recruitment.
  • Performance and evaluation of employees.
  • Designing welfare schemes, promotion, and compensation of all employees
Marketing Officer
  • State or region wise marketing and promotional activities.
  • Increase profit through cost-effective methods.
  • Promote his bank, increase customers, and bring new business deals.

IBPS SO Salary In Hand

The successful candidates of IBPS SO will be placed in the Junior Management Grade Scale I Cadre. The pay scale for all the posts is more or less similar. The following will give you an idea of the IBPS SO 2021 In-Hand Salary after the 7th Pay Commission.

IBPS SO Basic Pay is Rs 23,700. The pay scale for IBPS SO is 23700-980(7)-30560-1145(2)-32850-1310(7)-42020

Allowance Values/Remarks
Dearness Allowance 36% Approx. Rs 8600/
House Rent Allowance As per the place of posting of the candidate, it is between 7% to 9%.
Special Allowance It is the incentive or performance-based bonus given to each employee.
It is about 7.75% of DA+Basic.
City Compensatory Allowance As per the place of posting of the candidate, it is between 0% to 4%
Lease Allowance In place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting.
PF Contribution It varies between Rs 3000/ to Rs 3500/
In-Hand Salary The gross salary of IBPS SO is Rs 38000/ to Rs 39000. After all the deductions, the employee gets
Rs 33000/ to Rs 35000/ as an IBPS SO.

IBPS SO Perks & Benefits

Apart from the attractive salary that is offered, an IBPS SO is entitled to other perks as well. It includes a Newspaper allowance, Medical allowance, Entertainment allowance, House and furniture allowance, etc.

IBPS SO: Promotion Policy

All the successful candidates who are selected for Scale-I and Scale-II posts and will undergo training, workshops, assessments to improve their skills and be eligible for promotions. Based on the work performance, IBPS SO gets a promotion in his career to raising his standard of living. Given below is the list of hierarchy that is followed in IBPS SO promotions.

  1. Junior Management- Scale 1, Officer/ Assistant Manager
  2. Junior Management- Scale 2, Manager
  3. Middle Management- Scale 3, Senior Manager
  4. Senior Management- Scale 4, Chief Manager
  5. Senior Management- Scale 5, Assistant General Manager
  6. Top Management- Scale 6, Deputy General Manager
  7. Top Management- Scale 7, General Manager

5 Reasons Why You Should Join IBPS SO

  1. Great Pay Scale
  2. Fair Chances of Promotions
  3. Fewer Chances of Job Transfer
  4. Security and Flexibility of Job
  5. Amazing Incentives, Perks and Other Allowances

So, kick start your preparations for a bright and secured future as an IBPS Specialist Officer.

Check More Bank Jobs 2021

SBI SO Salary 2021: The State Bank of India (SBI) Specialist Officer (SO) Salary has been discussed here. The job profile of an SBI SO is the one that is one of the most coveted ones. The py scale that is offered for every job profile in SBI SO is a distinguished one that sets it apart from other Bank SO Exams. 

This article will give an idea about the SBI SO salary profile with information on allowances, perks, and other benefits.

SBI SO Salary 2021: In Hand Salary

SBI will be recruiting Specialist Officers for multiple posts. The following posts come under Middle Management Grade Scale III (MMGS III).

  1. SME Credit Analyst
  2. Product Manager
  3. Manager (Data Analyst)
  4. Manager (Digital Marketing)
  5. Manager (Anytime Channel)

The salary for each of the posts is tabulated below.

SBI SO Salary 2021

Sr. No.
Post
SBI SO Salary
1. Faculty, SBIL, Kolkata Rs 25 lakh to Rs 40 lakh p.a.
2. Vice President
(Stressed Assets Marketing)
CTC of ₹.40.00 lacs to ₹.43.00 lacs
3. Chief Manager
(Special Situation Team)
Pay Scale:
50030-1460/4-55870-1650/2-59170
4. Deputy Manager
(Stressed Assets Marketing)
Pay Scale:
31705-1145/1-32850-1310/10-45950
5. Deputy Manager
(IS Audit)
6. Product Manager Pay Scale:
42020-1310/5-48570-1460/2-51490
7. Manager (Data Analyst)
8. Manager (Digital Marketing)
9. Manager (Anytime Channel)
10. SME Credit Analyst
11. Banking Supervisory Specialist Negotiable
12. Head (Product, Investment & Research) ₹ 80.00 lacs to ₹ 99.62 lacs
13. Central Research Team
(Portfolio Analysis & Data Analytics)
₹ 25.00 lacs to ₹ 50.00 lacs
14. Central Research Team (Support) ₹ 7.00 lacs to ₹ 10.00 lacs
15. Investment Officer ₹ 12.00 lacs to ₹ 18.00 lacs
16. Project Development Manager
(Technology)
₹ 12.00 lacs to ₹ 18.00 lacs
17. Relationship Manager ₹ 6.00 lacs to ₹ 15 00 lacs
18. Relationship Manager
(Team Lead)
₹ 10.00 lacs to ₹ 28.00 lacs
19. Chief Officer (Security) Fixed monthly emoluments of ₹1.40 lac
• Increment of ₹21,000/- in 2nd year and
• Increment of ₹24,000/- in 3 rd year
20. Executive (FI & MM) CTC Rs. 6.00 lacs
21. Sr. Executive
(Social Banking & CSR)
CTC Rs. 10.00 lacs
22. Sr. Executive
(Digital Relations)
CTC Rs 12.00 lac – Rs. 20 lac
23. Sr. Executive
(Analytics)
24. Sr. Executive
(Digital Marketing)

SBI SO Salary: Perks and Allowances

The perks and allowances received by an SBI SO vary from post to post. However, the perks that are offered to an SBI SO is immense. Given below is the post wise perks and allowances.

1. For MMGS Grade Scale III

The official will be eligible for DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, etc. as per rules in force from time to time.

2. Faculty, SBIL, Kolkata

In addition to CTC, other perks like Travelling Expenses (TE) for traveling by taxi, air (economy class) in case of traveling on official duties, and Deputation Allowance (DA) equivalent to the Assistant General Manager of our bank.

The selected faculty will be allowed to utilize up to a maximum of 90 days p.a in external teaching/ consulting on a revenue-sharing model. Where income generated is more than Rs 5 lacs p.a from these activities, 40% of the excess amount shall be shared with the institute (Taxes as applicable).

3. Chief Manager (Special situation Team) & Deputy Manager (Stressed Assets Marketing)

The official will be eligible for DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, etc. as per rules in force from time to time.

4. Deputy Manager (Stressed Assets Marketing)

No perks/other benefits, other than CTC will be given. CTC compromised fixed pay and variable pay in the ratio of 80:20.

5. Executive (FI & MM) and Sr. Executive (Social Banking & CSR)

(i) Fixed pay component of 70%; (ii) Variable pay component of 30%; (iii) Annual increment – max.10% subject to fulfillment of Bank’s conditions; (iv) Travelling allowance and other perks are applicable as per Bank’s rule.

6. Deputy Manager (IS Audit)

The official will be eligible for DA, HRA, CCA, PF, Contributory Pension, LFC, Medical Facility, etc as per rules in force from time to time.

SBI SO Salary: Job Profile

The work that will be performed by each of the posts will vary. Being an SBI SO requires a candidate to work hard with a great deal of enthusiasm and knowledge. One needs to be dynamic enough to adapt to the changes in the economy. The role of each candidate according to the post as an SBI Specialist Officer is given below.

1. SME Credit Analyst

  • To carry out Due diligence on credit proposals assigned
  • Timely completion of Review / Renewals as Appraiser, including Credit Risk Assessment proposals
  • Securing maximum marks for the AMT in Credit Audit in Pre-Sanction Assisting Relationship Manager in achieving Budgeted growth in Advances for the AMT
  • Assisting Relationship Manager in achieving Budgeted growth in Other Income for the AMT
  • Adhering to Turn around Time for processing New / Existing proposals
  • To ensure ABS considered for the proposals are the same as filed with ROCs
  • To ensure achievement of satisfactory RAROC (Risk-adjusted Return on Capital) for each unit in the AMT

2. Faculty, SBIL, Kolkata

The selected candidate will actively participate in and contribute to training activity at the institute as given below:

  • To develop the leadership capabilities of the Top/ Senior Executives of the Bank/ other Banks and FIs who will be coming to SBIL for training.
  • Teaching subjects in the area of his/ her domain across various programs of the institute.
  • Engaging in academic administration activities as and when required by the institute.
  • Identifying the training need gaps of the Top/ Senior Executives of the Bank and co-designing and co-delivering training interventions
  •  Ensuring up-gradation of competence levels of participants by constantly bringing about improvements in the contents and methodology of training programs.
  • Developing and imparting training programs/ workshops in various areas of leadership development.
  • Setting in place training evaluation methods, seeking feedback, and initiating appropriate corrective measures where necessary on an ongoing basis.
  • Ensuring smooth conduct of various workshops, conclaves, and programs at the institute.
  • Ensuring that the right types of training are imparted with continuous updates and best practices in the area of their domain.
  • Promoting the institute and marketing the programs of the institute in appropriate forums in the BFSI sector to build the Institute brand to achieve maximum effectiveness in training.

3. Vice President (Stressed Assets Marketing)

Liaison with the investors/consultant’s firms for showcasing the distressed assets

  •  Extensive marketing and scouting for investors for the sale of the NPAs.
  •  Preparation of information sheet/IM with the description of full details of assets available for sale.
  •  Maintenance of list of stressed assets available across the vertical.
  • Maintaining relations with the branches/sector teams/SARG Operations facilitating timely disposal of available NPA accounts.
  • Negotiate with prospective investors/PE Funds/QIBs for the sale of stressed assets in a manner to maximize the realization.

4. Chief Manager (Special situation Team)

  •  Restructuring /rehabilitation of Stressed assets.
  • Drawing resolution plans in consultation with financial/technical consultants.
  • Discussing the resolution plans with branches other members banks and sector team for finalizing a bankable resolution plan.
  •  Implementation of immediate corrective action with suitable resolution strategies preventing slippage of SMA accounts into NPA category.
  •  Maintaining relations with the branches/sector teams/SARG Operations facilitating restructure of stressed assets in a time-bound manner preventing deterioration in Asset value and Enterprise value.

5. Deputy Manager (Stressed Assets Marketing)

  • Liaison with the investors/consultant’s firms for showcasing the distressed assets
  • Extensive marketing and scouting for investors for the sale of the NPAs.
  • Preparation of information sheet/IM with the description of full details of assets available for sale.
  • Maintenance of list of stressed assets available across the vertical.
  • Maintaining relations with the branches/sector teams/SARG Operations facilitating timely disposal of available NPA accounts.
  • Negotiate with prospective investors/PE Funds/QIBs for the sale of stressed assets in a manner to maximize the realization.

6. Product Manager

  •  Defining the vision for the garage and individual journeys
  • Collecting the business requirements from different sources, synthesizing and communicating the same to the tech team
  •  Leading the garage to design the re-imagined process and review the BRS
  •  Writing requisite notes and getting approvals from relevant authorities and committees (e.g. approach note, PIC note, CPPC approval)
  • Co-ordinating with stakeholders across Business units (e.g. business teams, risk, legal, compliance, IT, etc.)
  • Co-ordinating with stakeholders in the tech team to ensure timely delivery of the journey
  • Driving business for the developed and launched journeys by designing the strategy to drive adoption for respective journeys
  • Co-ordinating with circle and region level stakeholders to implement a plan for driving adoption and business
  • Creating and sharing trackers with weekly deliverables to all stakeholders to create transparency about deliverables and progress.

7. Manager (Data Analyst)

  • Translating business requirements to analytics use cases and liaise with GITC stakeholders
  • Collecting and interpreting data regularly for assessing success factors of key products and journeys and report it back to relevant members of the business
  •  Work with Product owners for defining KPI parameters for each of the workstreams
  •  Play product owner role for Analytics workstream building new journeys for cross-selling, upsell and target new customer conversion.
  • Identifying patterns and trends in data sets
  • Defining new data collection and analysis processes

8. Manager (Digital Marketing)

  • Develop, implement, and manage marketing campaigns that promote the offers and campaigns
  • Gather business requirement, share briefly with respective stakeholders, run a brand sanity check, maintain design brand and design aesthetic, get creative approval and assure timely delivery and launch
  •  Enhance brand awareness and adoption across digital platforms (Internal and external)
  •  Optimize the usage of digital tools and channels for optimum deliverability and campaign impact
  •  Drive strategy to drive web/app traffic to further customer acquisition and engagement
  •  Measure the campaign performance and improve it based on campaign output and feedback
  •  Optimize content for the website and social networking channels such as Facebook, Twitter, Instagram, Google Plus, etc.
  •  Create a marketing strategy across channels – OOH, Social Media, in-house properties, and create campaigns by creating the content idea, budget planning, and implementation schedules.
  •  Work with different teams to ensure campaign execution and monitoring the results.
  • Identify new avenues and channels for promotions of products and offers – to both targeted and non-targeted customer base.
  • Propose new and improved ideas on inbound and outbound marketing campaigns

9. Senior Executive (Digital Relations)

  • Customer acquisition & campaign strategies.
  • Accomplish tie-ups with Merchants/ Online sellers.
  • Provide Marketing Support by suggesting new creative products based on Market & Industry
    requirements.
  •  Negotiating/ interacting with vendors/ technology Solution providers for a win-win situation.
  • Ensuring Prompt customer service and complaint management.
  • Launch marketing campaigns including those on social media and digital marketing.

10. Senior Executive (Analytics)

  • Collection, organization, analysis, and dissemination of very large amounts of data with attention to
    detail and accuracy.
  •  Work alongside the business/ management team to establish business needs.
  •  Interpreting data and analyzing results by identifying patterns and trends in data sets.
  •  Write comprehensive reports to be circulated to relevant members/ management of the business team.

11. Senior Executive (Digital Marketing)

• Providing Marketing support by suggesting new creative/ products based on market/ industry
requirements.
• Acquisition of customers.
• Increase in income as per the targets relating to digital banking.
• Proactively arranging a meeting with executives of e-Commerce players/ Aggregators/ IT vendors

12. Banking Supervisory Specialist

To Assist in Operationalisation of regulatory directives arising from RBI notifications/ regulatory directives etc. with special focus on large value credits/ KYC etc.

13. Manager – Anytime Channels

  • To identify new alternate channels products and solutions in the market in line with the Bank’s overall strategy.
  •  Prepare Business Requirement Documents (BRD) for development by the IT Vertical of the Bank.
  •  Testing of the Solution as per the Business Requirement.
  •  End-to-end management and implementation of new solutions / Projects in the Bank.
  •  To assist in devising the overall Alternate Channel strategy of the Bank.
  •  To drive transactions volume on the exiting alternate channel to the Bank.
  • To devise strategies to increase the availability of the Bank’s alternate channels.
  • Track best practices in the industry and explore solutions relevant to the Bank.
  •  Manage day to day functioning of alternate channels.
  • Handling regulatory and security related to Alternate Channel.
  • To liaise within various departments of the Bank to ensure the smooth and timely rollout of projects.
  • Manage relationships with Bank’s existing and potential partners for contracts, procurement, service levels, and overall delivery.

14. Head (Product, Investment & Research)

  • Designing the Value Proposition for Wealth Management Business.
  •  Responsible for Management of Research Team and Investment Team.
  •  Ensure High Quality of Research Reports for Clients with Proper Coverage.
  • Ensure Product Benchmarking is conducted at Quarterly intervals
  • Launch of Innovative and Superior Wealth Management Products after competitive Scanning and Benchmarking.
  •  Liaison with other Departments and Outside Agencies to have Best in
    Class Technology-driven Solutions

15. Central Research Team (Portfolio Analysis and Data Analytics)

The portfolio analyst would work closely with Product & Research Head and conduct performance monitoring of portfolios held by the various customers, liaison with Market data Aggregators and Research providers.

16. Central Research Team (Support)

The role will include creating and updating excel worksheets related to Macro Economy, Stock & Sector research, Fixed Income research, creating portfolio review templates, etc.

17. Investment Officer

  •  Guiding clients on the range of financial services products.
  • Wide-ranging experience across categories such as MF, FI, Structured Products, Discretionary Portfolios.
  • Strong focus on due diligence, quantitative technique, and asset allocation.

18. Project Development Manager (Technology)

  • Managing relationships with technology partners.
  •  Understanding and communicating business requirements to the IT team and technology partners
  •  Working closely with the Bank IT teams to ensure timely delivery of developments.
  •  Co-ordinating with various Bank IT teams and business teams for new developments integrations or bug-fixes in existing Bank platforms.
  • Creating and documenting operating manuals for technology interfaces at the user level.

19. Relationship Manager

  • Acquiring, nurturing, growing, and strengthening relationships within the Affluent and HNI segment of clients to meet business objectives.
  • Selling a range of Investment and Insurance Products to clients to meet their financial planning and thus attaining the revenue objectives of the Wealth Management business.
  • Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of clients as per the business objectives.

20. Relationship Manager (Team Lead)

  • Managing a team of Relationship Managers for the Wealth Management Business.
  • Acquiring, nurturing, growing, and strengthening relationships within the Affluent and HNI segment of clients to meet business objectives.
  •  Selling a range of Investment and Insurance Products to these customers to meet their financial planning, objectives, and thus attaining the revenue objectives of the Wealth Management business.
  • Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of clients as per the business objectives

21. Chief Officer (Security)

  • Drawing up security policies of the Bank and arranging for their reviews.
  • Ensuring maintenance of the security systems in the Bank in a state of high efficiency as the head of the
    Bank’s security function.
  •  Providing specialized and professional support to the Top Management in all security-related matters for
    ensuring the security and safety of the Bank’s property, customers, and staff, at all times.
  • Vetting Disaster Recovery Plan for Corporate Centre Departments/ Establishments, from a security angle.
  •  Enhancing security consciousness in the Bank. Formulate a policy regarding systems of security and safety
    in the Bank.
  •  Any other security-related functions as entrusted by controllers.

22. Executive (FI & MM)

• Gathering market information, the survey of the area under one’s jurisdiction and assess the potential for activities such as dairy, poultry, plantation, fruits, vegetables, floriculture, fishery, Agri/ allied activities, rural housing, etc, (document and update at half-yearly intervals).
• Provide support in the preparation of the Annual Credit Plan (ACP).
• Preparation of model schemes and checklists for the compilation of application/ appraisals.
• Review and revision of existing schemes and to educate/ popularize them amongst staff and CSPs.
• Improving Bank’s share in microfinance in the District.
• Annual review of scales of finance in the area of operation.
• Sourcing & providing leads to CM (Branch Channel) in respect of new businesses such as horticulture, floriculture, tissue culture & high value/ modern farm machinery, to tap maximum potential in District.
• Canvass high-value loan proposals, undertake techno-economic evaluation, and process high-value proposals referred by branches.
• Interact frequently with Govt. departments related to Agri finance, NABARD, Agri Universities/ Research centers.
• Maintain rapport with State Govt. officials from agriculture/ animal husbandry/ fisheries & other stakeholders in the value chain.
• Maintain contacts with tractor & farm machine dealers in the area as well as at the District Headquarter for business leads.
• Assess the potential for contract farming and liaise with sugar mills, super-markets, and other stakeholders in the value chain.
• Explore possibilities for Agro Exports from the region and encourage farmers to migrate to such cultivation practices.
• Organize marketing campaign with the help of branches/ staff/ CSPs of FI & MM Network. Organize the farmer’s meet.
• Maintain liaison with village authorities. Organize village meetings for expanding Bank’s scheme for farmers and render necessary assistance/ guidance.

23. Senior Executive (Social Banking & CSR)

• Mapping of Microfinance potential in the RBO and preparation of Annual Credit Plan aligned to
and sub-serving Bank’s strategies on financial inclusion and microfinance.
• Devise strategies and promote Social Security Schemes and other Govt initiatives.
• Facilitating preparation of Branch wise business plan, potentially linked target setting for Joint Liability
Groups (JLGs), SHG’s credit linkages & evolve ways/ means to implement the plan.
• Improving Bank’s share in microfinance in the District.
• Close coordination with Farmer Producer Organisations/ Farmer Producer Cooperatives (FPO/ FPC).
• Help information of SHGs with/ without the assistance of NGOs, the opening of their SB accounts &
credit linkages.
• Building relationships/ partnerships with NGOs, MFIs & other agencies for driving microfinance
through Joint Liability Groups (JLGs) and SHG’s credit linkages.
• Engaging and building relationships with NGOs in the area and focus on social purpose
initiatives of local communities.
• Interact with the local communities and concerned govt/ non-govt agencies and devise CSR activities centering on Healthcare & Sanitation, Education, Skills & Livelihood, Women Empowerment, Sustainability, and Environment and Rural Development.
• Communicate the impact of the Bank’s programs to the local communities.
• Organise customized training at RSETI as per the requirement of NGOs operating in the area and ensuring their credit linkage/ employment.
• Ensure that the Financial Literacy Centres (FLCs) work in close coordination with NGOs &
Village Panchayats.

24. Deputy Manager (IS Audit)

• Conduct IS Audit, IS concurrent Audit, Technical Part of IS Audit using tools for VAPT.
• Recommend solutions for plugging vulnerabilities and strengthening the security posture of the Auditee Unit.
• Conduct & follow-up Compliance Audit in this regard

Click Here For Bank Jobs 2021

J & K Bank Salary 2021: You must be aware that the Jammu and Kashmir Bank has released a total of 1850 Vacancies for the post of Banking Associate and Probationary Officer (PO). Out of the 1850 vacancies released by the JK Bank, 1500 vacancies are for the post of Banking Associate and 350 for the post of PO.

J and K Bank is a highly secured bank that offers great pay. This article aims to shed light on the salary, perks, and allowances, joining details on working at JK Bank. Before we proceed into the details of the salary, let us have an overview of the J & K Bank Exam 2021.

JK Bank Salary 2021: Overview

JK Bank Salary 2021
Name of the Bank Jammu and Kashmir Bank (J&K Bank)
Post
  1. Banking Associate and
  2. Probationary Officer (PO)
Total Vacancies 1850 vacancies
Selection Process Written Online Test
Stages of Selection
  • 3 stages for Bank PO
  • 1 Stage for Bank Associate
Notification Click Here To Download
Application Mode Online
Category Bank Jobs
Application Date 20th June 2020
Job Location Jammu & Kashmir
Official Site  www.jkbank.com

JK Bank Salary 2021

As the online process will begin from 20th June onwards, candidates must be eager to know about the Salary, Growth Opportunities, Perks and allowances. Jammu and Kashmir Bank is semi government-owned bank having pan India presence with almost 700 branches and expanding. Diversity, inclusion and mutual respect are essential elements of working at J&K Bank.

Let us now discuss the salary of J & K Bank PO and Banking Associates.

JK Bank PO Salary

The starting basic pay is Rs. 23700/-
Pay Scale of 23700-980/7-30560-1145/2-32850-1310/7-4202.
A JK Bank PO will receive other perks applicable to Junior Management Grade Scale-l (JMGS-I).

To sum it up, refer to the table below:

Scale Basic Salary Payscale
JMGS – l Rs. 23700/- 23700-980/7-30560-1145/2-32850-1310/7-42020

Increments For JK Bank PO

  • A newly recruited Probationary officer will get Rs.23700/- as a Basic Pay per month.
  • There will be an increment of Rs.980/- annually for the next 7 years.
  •  After 7 years, the Basic Pay will be Rs.30560/-. Thereafter, there will be an increment of Rs.1145/- annually for a period of 2 years.
  • After the next two years, the Basic Pay will be Rs. 32850/-.
  • Then there will be an increment of Rs.1310/- per year for the next 7 years until the Basic Pay reaches Rs.42020/-

J & K Bank PO Salary: Joining Details

  1. The selected candidates, at the time of joining, will have to execute a bond of Rs.5 Lakhs to serve the bank for a minimum period of 5 years.
  2. On successful joining as a Bank PO, they will be on probation for a period of 2 years.
  3. Their performance will be assessed during the probationary period.
  4. The candidates who qualify in the assessment as per the standards determined by the bank will be confirmed in the service of the bank in JMGS-l.
  5. If any candidate fails to achieve the minimum standard stipulated by the bank, his/her services can be terminated.

JK Banking Associate Salary

The starting Basic Pay for the post of JK Bank Associate is Rs.13075/- (with Two Advance Increments )
Pay scale:  11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540

Scale Basic Salary Payscale
JMGS – l Rs.13075/- (with two advance Increments) 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540

Increments For JK Bank Associate

  • A newly recruited Bank Associate will receive a Basic Pay of Rs.13075/- with two increments in advance.
  • Thereafter, there will be an increment of Rs.815/- for a period of three years.
  • Next, they will get an increment of Rs.980/- for the next 4 years.
  • This will follow with an increment of Rs.1145/- for a period of 7 years.
  • After that, they will get an increment of Rs.2120/-  for 1 year and RS.1310/- for 1 year until the Basic Pay reaches Rs.31540/-.

JK Banking Associate Salary: Joining Details

  1. The selected candidates, at the time of joining, will have to execute a bond of Rs.2 Lakhs to serve the bank for a minimum period of 5 years.
  2. On successful joining as a Banking Associate, they will be on probation for a period of six months.
  3. During the probationary period, the candidates will be continuously assessed for their performance.
  4. If any candidate fails to achieve the minimum standard stipulated by the bank, his/her services can be terminated.

JK Bank Salary: Perks and Allowances

The candidates who will be appointed for the post of J & K Banking Associates and PO will enjoy the following benefits along with the salary as given above.

  1. Dearness Allowance (DA)
  2. City Compensatory Allowances (CCA)
  3. House maintenance allowance
  4. Telephone bill reimbursement
  5. Entertainment allowance
  6. Travel Allowance
  7. House Rent Allowance (HRA)
  8. Medical Allowance