If you are interested in a banking job, you can apply for the Nainital Bank Probationary Officer post. The candidates need to clear the two-stage selection process for successful recruitment on this post. The Nainital Bank PO Job profile includes administrative and managerial work such as handling customer queries, managing loans, mortgages, and cashflows, etc. The Nainital Bank PO Salary includes basic pay and other allowances. A detailed description of the job profile, salary, selection process, and other parameters is given below.
Nainital Bank PO Selection Process
Nainital Bank PO selection process comprises of two stages, namely, online written test and interview. The candidates clearing the online written exam will be called for an interview. After the interview and verification of documents, the final selection of candidates will be done, and call letters will be sent to them.
Nainital Bank PO Salary
The banking job offers decent pay to the bank employees. The probationary officers are eligible to receive basic pay and other additional allowances as per the norms of the government and bank authority. However, certain perquisites and benefits are paid to the officers after completing a probation period of two years. On completion of two years probation period, the probationary officers become the permanent officers of the bank and are eligible to receive incremental salary and fixed allowances. The salary of Nainital Bank PO is approximately Rs. 36,000/- and the following are some of the 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
Also Read: Nainital Bank Exam
Nainital Bank PO Salary Structure
| Payscale | Rs 30,000 per month |
| Total Annual Salary | The Annual CTC would be 3.60 lakhs per year |
Allowances & Perks
Nainital Bank PO also enjoys 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 PO is as per the 7th Pay Commission. The in-hand salary at the Officer/Assistant Manager level is Rs 30,000. However, it can increase with service and promotions.
Annual Package
The 7th Pay Commission determines the Annual Package for the Nainital Bank PO. New joiners start with an annual package of Rs 3.60 lakhs. The annual increments can further increase the annual package every year.
Nainital Bank PO Job Profile
A bank probationary officer has to perform various administrative and managerial operations related to the banking services. This job comes with a high level of authority and responsibility and therefore demands skill, knowledge, and dedication. The Nainital Bank PO has to perform multiple operations such as:
- Handle customer’s queries,
- Assist in different bank audits, submit and prepare reports about loans and non-performing assets,
- Communicate and coordinate with the other branches and regional head offices of the bank,
- Sanction loans and meet the target loan disbursements of the branch,
- Manage cash flow, mortgages, etc.
The responsibility of a bank PO also includes supervising clerical work, making decisions that benefit the bank, approving or rejecting loan proposals, timely recovery of the loan amount, maintaining cash balance, managing and reporting non-performing assets to the regional head office, etc. The bank PO job is a job with a high level of responsibility and authority. This post gives you a decent salary and provides you with job security and career growth opportunities.
Eligibility Criteria
The candidates should fulfill the following eligibility criteria to appear for this examination:
1. The candidates applying for the post should have an undergraduate or postgraduate degree with at least 50% marks in any field from a recognized university.
2. The aspirants should also possess knowledge of computers, and a degree or diploma in computer applications can be an additional advantage.
3. Candidates with Indian nationality are only eligible for recruitment on this post.
4. work experience in banking or financial institutions can increase the chances of selection as preference is given to experienced candidates.
What is the age limit for Nainital Bank PO?
The minimum age limit to appear for this exam is 21 years, and the maximum age limit is 27 years. However, the age limit is relaxed for candidates belonging to the reserved category as per the determined rules and regulations.
Conclusion
Hence, Nainital Bank PO is a good opportunity for candidates inclined towards finance and the economy. The bank PO exams are highly competitive, and the candidates should not only prepare themselves for qualifying for the exam but should also be ready to serve the public with honesty and integrity.
Frequently Asked Questions:
No, for appearing in this exam, the candidate must be a graduate or postgraduate in any stream.
The duration of the probation period is 2 years.
Yes, after completing the probation period, the bank PO becomes the permanent employee of the bank and can get a promotion based on their performance and work experience.
The salary of a Bank PO is higher than the salary of a bank clerk.
This job is a respectable and decent-paying job. It provides the employee with a high level of authority and responsibility. It is a good career option for youngsters who want job security and career growth.
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