EMOLUMENTS AND SERVICE CONDITIONS
Pay Scale: Selected candidates will draw a starting basic pay of Rs.28150/- p.m. in the scale of Rs.28150-1550(4)-34350-1750(7)–46600–EB-1750(4)-536002000(1)-55600 applicable to Officers in Grade 'A' and they will be eligible for Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, and Grade Allowance as per rules in force from time to time. At present, initial monthly gross emoluments are approximately Rs. 62,600/-.
Perquisites : Bank's accommodation subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, internet, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalisation as per eligibility. Interest free festival advance, Leave Travel Concession (once in two years for self, spouse and eligible dependents), Loans and Advances at concessional rates of interest for Housing, Car, Education of children, Consumer articles, Personal computer, etc.
Candidates selected for the post will be governed by "the defined contribution to New Pension Scheme (NPS)' in addition to the benefits of Gratuity and Optional Group Term Insurance Plan.
At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.
Initial appointment of a selected applicant will be on probation for a period of 02 years, which may, at the Bank’s discretion, be extended for a further maximum period of one year.
All candidates selected for appointment by the Bank are liable to be posted and transferred anywhere in India.