Nainital Bank PO Salary: In-Hand, Pay Scale, Allowances, Job Profile

Nainital Bank PO Salary – Salary Structure, Salary Slip Complete Details

Nainital Bank PO Salary has been pre-derived by the recruitment board as per the government norms. Here we have updated the Nainital Bank PO Salary & its components as per the details given in the official notification. Curious aspirants must go through this article fully and know the complete details.

Bank Jobs Updates

Nainital Bank careers have conducted the recruitment drive every year for the selection of Probationary Officers post called as Management Trainee. To attend the selection process, candidates have to submit the online application within the last date. After the successful completion of the application form, candidates have to start preparing for the examination. The examination is the only thing to filter the eligible candidates. So candidates have to give more importance to the selection process to get the provisional allotment.

To get into the merit list, candidates have to work more with a proper preparation plan and passion. For that here we have drafted this salary article which gives more passion to prepare well. So passionate candidates have to scroll download this article once and know the complete details of Nainital Bank PO Salary, Pay Scale, Salary Structure, Allowances & Job Profile.

Nainital Bank PO Salary In-Hand:

After joining as a PO, for the first year, the candidates will be paid Rs 25000/- only. After the successful completion of the probation period(02 years) candidates will be considered as Assistant Manager Scale-I Officer.

  • Nainital Bank PO Salary In-Hand After 02 years will be approximately Rs. 36,000/-.
  • Nainital Bank PO Gross Salary – Rs 43000/-

Nainital Bank Clerk Salary Details

Nainital Bank PO Salary Structure:

Payscale Rs 25,000 (for the 1st Year)
Total Annual Salary The Annual CTC would be 3.60 lakhs per year
Net Pay (After the Probation Period) Rs. 36,000/-.

Nainital Bank PO Allowances & Perks:

Apart from the Nainital Bank PO Salary, certain perks and benefits are paid to the officers after completing a probation period of two years. On successful completion of two years training period, the probationary officers become the permanent officers of the bank and are eligible to get the salary increment along with the additional benefits. Here we have given the list of allowances that are paid to the Nainital Bank PO in addition to the basic pay:

  • Dearness Allowance
  • House Rent Allowance
  • Conveyance Expense
  • City Compensatory Allowance
  • Special Allowance

Nainital Bank PO Salary Per Annum:

As per the details given in the official notification, the new joiners will get an annual package of Rs 3.60 lakhs. After the probation period, candidates enjoy the annual increments which increase the annual package every year.

Nainital Bank PO Job Profile

The Nainital Bank PO Job Profile engaging with multiple operations such as:

  • Handle customer queries.
  • Assist in different bank audits.
  • Prepare the reports about loans and non-performing assets(NPA).
  • Communicate and coordinate with the other branches and regional head offices of the bank.
  • Supervising clerical activity.
  • Bank account opening.
  • Passing loans.
  • Managing the cash balance.

Nainital Bank PO Salary Slip:

The Nainital Bank Probationary Officer will receive a salary slip for the preceding month’s pay after each payment cycle. The Nainital Bank PO salary slip contains all the details of the preceding month’s deductions and allowances. The Nainital Bank PO Salary Slip will be used to apply for loans in their bank as well as to complete your annual income tax form.

Nainital Bank PO Indemnity Bond

Candidates are advised to carefully note that they will be required to execute an Indemnity Bond for the prescribed amount with two sureties for serving the Bank for a specified period as mentioned herein below. In case the candidate resigns or leaves or abandons the service before the completion of the specified period, he/ she will indemnify the Bank for the amount of Bond for all costs, charges, and expenses incurred by the Bank

Bond Amount – ₹ 2.00 lacs

Bond Period – 01 year

Nainital Bank PO Probation Period:

Nainital Bank PO selected candidates should mandatorily serve a probation period of 2 years to learn the basics of the banking sector. After the probation period gets over, the employees are required to undergo a screening process, after which they have been promoted as Grade-II officers. The details and responsibilities of which are given below.