Nainital Bank Clerk Salary & Job Profile

The wait is over, the official notification is out, and the Nainital Bank has announced a vacancy of 75 seats for the recruitment of clerical posts to be filled in 2021. Thousands of people apply every year to pass the exam and get a job at this prestigious bank. Still, it is important to know about the Nainital Bank Clerk Job Profile, and the Nainital Bank Clerk Salary offered at Nainital Bank before applying for the exam, and this post will help you with that.

The Nainital Bank Limited, founded in 1922 and headquartered in Nainital, Uttarakhand, has announced a vacancy of 75 seats to recruit clerical posts to be filled in 2021. The bank has three regional offices in Haldwani, Dehradun, and Noida and a network of 162 branches spread across five North Indian states of Uttarakhand, Uttar Pradesh, Delhi, Haryana, and Rajasthan.

Nainital Bank Clerk Job Profile

A bank clerk is the customer’s first point of contact at the bank. The bank clerk is critical to providing excellent customer service. Individuals who choose a career as a bank clerk perform various banking activities, both with customers and behind-the-scenes tasks such as data entry.

Bank clerk job descriptions are primarily concerned with working as bank tellers and providing customer service, while others work in credit and securities departments and provide customer support. A bank cashier’s job entails interacting with customers, assisting them with financial transactions, and performing various administrative tasks.

Also Read:  Nainital Bank Exam

Let’s take a closer look at the Nainital Bank Clerk Job Profile:

• Customer Management: Bank clerks assist clients by referring them to banking or accounting personnel. They serve as a link between customers and banking specialists.
• Guiding Customers: Bank clerks process payments and provide support and backup to preserve positive customer relationships. Payments could take a long time to arrive, ranging from withdrawals and deposits to loan repayment. They can reduce customer wait times by assisting them with the transaction procedure. Bank clerks handle customer needs during the passage of cheques, updating client data, and withdrawing slips in a bank.
• Compliance Control: As a compliance clerk in a bank, the work of the bank clerk is to keep track of records, files, and various investments such as stocks and bonds. A compliance clerk keeps track of all information about financial securities, such as investments and bank stock.
• Financial Information Management: Bank clerks assist with banking operations such as scanning and inspecting customer documents during the credit application process and delivering suitable financial information to loan managers or financial professionals for loan and credit decision making.
• Cash Management: Bank clerks keep precise records to ensure that their cash drawers are secure throughout business hours. Some of them keep thorough records of cash transactions at a single bank and monitor daily cash transactions. As a result, they play an important role in cash management.
• Foreign Exchange Dealing: In a bank, an exchange clerk deals with international accounts. Translation of foreign cash into Indian Rupee and conversion of Indian Rupee into the needed foreign currency are bank clerk job duties.
• Other Allied Service: Directing consumers to bank-related services such as opening an account, updating passbooks, applying for a loan, integrating accounts through net banking, issuing credit cards and debit cards, and more are all part of the bank clerk job description.

Nainital Bank Clerk Salary

A bank clerk’s job is one of the most sought-after jobs in the country, allowing candidates to work in the public sector and government banks. The Nainital bank clerk is paid under the Pay Scale of Rs. 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42660-3270/1-45930-1990/1-47920. Besides, there will be applicable allowances. Monthly In hand would be around Rs. 21000/- and approximate cost to company Rs. 3.70 lacs per annum.

Nainital Bank Clerk Salary Structure

Payscale	17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42660-3270/1-45930-1990/1-47920
Basic Pay	Rs 17,900 with an annual increment of Rs 1,000 for 3 years
Basic Pay after 3 years	Rs 20,900 with an annual increment of Rs 1,230 for 3 years
Basic Pay after 6 years	Rs 24,590 with an annual increment of Rs 1,490 for 4 years
Basic Pay after 10 years	Rs 30,550 with an annual increment of Rs 1,730 for 7 years
Basic Pay after 17 years	Rs 42,660 with an annual increment of Rs 3,270 for 1 year
Basic Pay after 18 years	Rs 45,930 with an annual increment of Rs 1,990 for 1 year
Maximum Basic Pay	Rs 47,920
Total Annual Salary	The Annual CTC would be 3.70 lakhs per year

Allowances & Perks

Nainital Bank Clerks also enjoy various allowances and perks in addition to the salary. They include the following:

• Health insurance and medical facilities
• Paternal and Maternal leave
• Job Training 
• Travel and Leave Concession
• Professional Development 
• Accommodation 
• Transport facility
• Increments
• Bonus
• Incentives

In hand Salary

The in-hand salary for the Nainital Bank Clerk is as per the 7th Pay Commission. The in-hand salary at the Officer/Assistant Manager level is approximately Rs 44,000. However, it can increase with service and promotions.

Annual Package 

The 7th Pay Commission determines the Annual Package for the Nainital Bank Clerk. New joiners start with an annual package of Rs 3.70 lakhs. The annual increments can further increase the annual package every year. 

Conclusion

In recent years, it has been observed that there has been an increase in the number of people pursuing a banking career. The Indian banking system is strong and cohesive, and the Reserve Bank monitors it. The compensation offered by a scheduled bank is higher than that of any other industry, and the job security is also greater than that of any other industry. For these reasons, thousands of aspirants attempt the exam. Students can be guided in this regard by online education platforms such as Oliveboard. 

Oliveboard acts as a mentor, guiding students from beginning to end. They provide up-to-date exam content, conduct extensive online mock tests to familiarise students with the exam experience, and hold fun and engaging live group practice sessions.  

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