NHB Assistant Manager – Salary and Other Benefits

Honey Lalwani

5 years ago

National Housing Bank (NHB) has released a recruitment notification for the post of Assistant Manager @nhb.org.in. The posts for which NHB Recruitment notification is released is Assistant Managers in Junior Management Grade (Scale I). The candidates who fulfill the required eligibility criteria can apply for National Housing Bank Assistant Manager Recruitment till 18th September 2020. It is advised that the candidates apply online well in advance before the closing date to avoid last-minute rush. The NHB Online Exam 2020 will be conducted in the month of October/November 2020 and the admit cards for the same will be uploaded within 10 days prior to the exam. Let us take a good look into NHB Assistant Manager salary and other related details.

Application Mode	Online
Vacancy	16
Starting Date To Apply	29th August 2020
Last Date To Apply	18th September 2020
Last Date To Pay Fee	18th September 2020
Official Website	nhb.org.in

National Housing Bank, a Government of India owned entity, was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is an apex financial institution for housing.

Knowing the details about NHB Assistant manager salary, NHB Scale I job profile and NHB Scale I career growth, will help create interest and better motivation behind preparation of the exam. So, we at Oliveboard are providing all the details about the National housing finance (NHB) Assistant Manager salary.

Below sections contain the complete details of NHB Assistant Manager Salary & Other Benefits.

Starting Basic pay is Rs. 23,700/- p.m. in the scale of Rs. 23,700-980/7-30,560-1,145/2-32,850-1,310/7-42,020 applicable to Junior Management Grade Scale-I.
The present pay scale is under revision.
Selected candidates will also be eligible for Dearness Allowance (DA), Special Pay, Special DA, House Rent Allowance and City Compensatory Allowance as per rules in force from time to time.
Current total emoluments are Rs. 48,330/- p.m. (approx.).
Selected candidates will be entitled to additional increments for passing JAIIB/CAIIB exams.

Attempt a FREE NHB Asst. Manager mock test here.

1. NHB Assistant Manager Salary – Other Benefits and Allowances

Apart from the salary the Assistant Managers are also entitled to other allowances and benefits like:

Dearness Allowance
Housing Rent Allowance
City Compensatory Allowance
Provident Fund
Pension
Recovery of Housing Rent
Fixed Personal Pay
Professional Qualification Pay
Other Allowances (Deputation Allowance, Halting Allowance, Compensation on Transfer, Mode of Travel and Expenses on Travel, Leave Travel Concession etc).

Besides emoluments as per the pay scale given above, the Post will carry other facilities like Bank’s accommodation (at the discretion of the Bank subject to availability of accommodation as determined by the Bank from time to time),
Reimbursement of expenses for medical/hospitalization,
Telephone/mobile charges, newspapers, magazine, book grant, residential furnishing, maintenance of vehicle for official purpose etc. as per eligibility.
Other benefits such as housing loan, vehicle loan, festival advance, LTC, gratuity, leave encashment, coverage under National Pension System governed by PFRDA etc. shall be as per rules.

Attempt FREE sectional tests to crack the NHB Asst. Manager exam!

2. Probation Period & Transfer

A candidate appointed as Assistant Manager will be on probation for a period of 2 years which is extendable at the discretion of the Bank.
The selected candidate is liable to be posted in any department and transferred to anywhere in India.

Job prospects at the National Housing Bank is good. If you join as Assistant Manager at a young age, you can reach till General Manager post. This depends on your age and your performance. Also, in NHB you will have a chance to get promoted every 4 years.

The work life balance is good. And you will spend most of your career in Delhi. It’s a small organisation having 120–125 employees in total, so people know each other by face and name.

Attempt a FREE NHB Asst. Manager mock test here.

3. NHB Assistant Manager Career Growth

Job prospects at the National Housing Bank is good. If you join as Assistant Manager at a young age, you can reach upto General Manager post. This depends on your age and your performance. Also, in NHB you will have a chance to get promoted every 4 years.

Career progression is: