Telangana State Cooperative Apex Bank Ltd (TSCAB) has announced the opening of 372 Staff Assistants and 73 Assistant Manager vacancies on its official website, @tscab.org, on February 19th, 2022. The exam was scheduled for April 23rd and 24th, 2022, and thousands of applicants have applied, making the exam difficult to crack.
The monthly salary for this position ranges from Rs. 17,900 to Rs. 47,920 plus bonuses. The work profile and compensation of TSCAB Staff Assistant 2022 are comparable to those of a clerk in a PSU bank. The candidates will also gain job security, additional benefits, professional advancement, and promotions. Continue reading this guide to learn more about the TSCAB Staff Assistant Salary & Job Profile and more relevant information.
TSCAB Staff Assistant Salary & Job Profile: Overview
TSCB Limited, a state-owned cooperative bank, is now hiring in the government sector for the position of staff assistant manager. The preliminary examination for this position was held on April 24, 2022, and thousands of candidates applied and took the exam. Those who pass this exam will be invited to the next stage of the Mains Exam. Candidates for these positions must pass both stages.
TSCAB Staff Assistant Managers are paid well in comparison to their peers. According to the official notification, a new TSCAB Staff Assistant 2022 would be paid approximately Rs. 17,900/- plus allowances in the beginning. However, after the tax deductions and additional allowances such as Housing Allowance, Dearness, and so on, the net wage will range between Rs. 30,000/- and Rs. 32,000/-.
TSCAB Staff Assistant Salary Structure 2022
The basic salary for a TSCAB Staff Assistant in 2022 will be approx. Rs. 17,900/- per month as mentioned in the official notification. The basic pay increases yearly and will reach Rs. 47,920/- within 20 years. Refer to the table below for a detailed breakdown of the TSCAB Staff Assistant Salary 2022:
| Years in Service | Basic Pay Year Wise | Increment Year Wise |
| 1st Year | Rs. 17900/- | Rs. 1000/- |
| 2nd Year | Rs. 18900/- | Rs. 1000/- |
| 3rd Year | Rs. 19900/- | Rs. 1000/- |
| 4th Year | Rs. 20900/- | Rs. 1230/- |
| 5th Year | Rs. 22130/- | Rs. 1230/- |
| 6th Year | Rs. 23360/- | Rs. 1230/- |
| 7th Year | Rs. 24590/- | Rs. 1490/- |
| 8th Year | Rs. 26080/- | Rs. 1490/- |
| 9th Year | Rs. 27570/- | Rs. 1490/- |
| 10th Year | Rs. 29060/- | Rs. 1490/- |
| 11th Year | Rs. 30550/- | Rs. 1730/- |
| 12th Year | Rs. 32380/- | Rs. 1730/- |
| 13th Year | Rs. 34010/- | Rs. 1730/- |
| 14th Year | Rs. 35740/- | Rs. 1730/- |
| 15th Year | Rs. 37470/- | Rs. 1730/- |
| 16th Year | Rs. 39200/- | Rs. 1730/- |
| 17th Year | Rs. 40930/- | Rs. 1730/- |
| 18th Year | Rs. 42660/- | Rs. 3270/- |
| 19th Year | Rs. 45930/- | Rs. 1990/- |
| 20th Year | Rs. 47,920/- | – |
After reaching the top of the pay scale, a salary increase of Rs.1990/- would be implemented every two years.
The salary shown in the table above is only the basic salary. However, the gross salary includes additional benefits outlined in the bank’s guidelines, such as:
- Dearness Allowance (DA)
- Travel Allowance (TA)
- House Rent Allowance (HRA)
- City Compensation Allowances (CCA)
- Insurance Allowances and other reimbursements
TSCAB Staff Assistant Job Profile
As a TSCAB Staff Assistant, candidates will be required to carry out some of the same duties as a bank clerk. A Staff Assistant can work in a number of different fields, each with its own set of requirements and responsibilities. The following are the primary responsibilities of a staff assistant:
- Compliance with the Know Your Customer (KYC) requirements for new account holders.
- Head cashier, i.e. person in charge of cash and gold loans.
- Maintaining various records, such as balance sheets, ledgers, and so forth.
- Establishing loan accounts and updating loan information.
- Customers benefit from a single point of contact.
- Demand Drafts, passbook updates, chequebook issuance, cash deposits, etc.
- Several other diverse assignments
TSCAB Staff Assistant Career Advancement and Promotion
TSCAB Staff Assistants have a stable careers and numerous prospects for advancement within their ranks. Career progression opportunities are plenty in the TSCAB Staff Assistant banking industry and depend on personal abilities and performance. Other ways to advance in a banking career include doing productive work and passing internal exams. TSCAB Staff Assistants can reach up to Managing Director posts by progressing through the following stages of advancement:
- Staff Assistant
- Assistant Manager
- Senior Manager
- Asst. General Manager
- Dy. General Manager
- General Manager
- Chief General Manager
- Managing Director
Conclusion
We truly hope you found this material informative and beneficial. TSCAB Staff Assistant Salary & Job Profile is explained in detail in this post to assist our readers in determining whether the position fits their needs and capabilities. This banking position is quite stable and lucrative, and recruits receive competitive pay in addition to various allowances and benefits. Therefore, maintain a positive mindset and a well-prepared approach in order to succeed.
FAQ’s
The following are the benefits and allowances associated with the position of TSCAB Staff Assistant:
Dearness Allowance
House Rent Allowance
Travel Allowance
Contributory PF
Medical Allowance, and Medical Reimbursement,
Leave Encashment
LTC/LTC Encashment
Conveyance Allowance, etc.
The starting salary for a TSCAB Staff Assistant is Rs. 17,900/- with allowances in 2022.
The net or in-hand salary remuneration of a TSCAB Staff Assistant includes basic salary plus allowance and minus taxes. It will be between Rs. 30,000 and Rs. 32,000 for the year 2022.
A TSCAB Staff Assistant can advance to the position of Managing Director through regular promotions based on his abilities, productive work, and performance in internal examinations. The promotion graph includes a number of stages, such as
Staff Assistant
Assistant Manager
Senior Manager
Asst. General Manager
Dy. General Manager
General Manager
Chief General Manager
Managing Director
TSCAB employees earn significantly more and have more opportunities for advancement than their counterparts. The TSCAB Staff Assistant examination is difficult to pass because there are fewer opportunities for this position than applications received. The bank has set a very high standard for the selection process, ensuring that only the most qualified candidates advance. Candidates’ motivation increases when they learn about the TSCAB Staff Assistant Salary & Job Profile 2022 and understand the challenging tasks associated, appealing salary and perks, and set their goals clearly.
- 26 April 2024 Current Affairs in English
- RPF Constable Cut Off 2024, Previous Year Cut Off Category Wise
- SSC CHSL Application Form Fill Up 2024, Complete Guide
- 25 April 2024 Current Affairs in English
- What is Inheritance Tax? Everything You Need to Know About
Oliveboard is a learning & practice platform for premier entrance exams. We have helped over 1 crore users since 2012 with their Bank, SSC, Railways, Insurance, Teaching and other competitive Exams preparation.
Oliveboard Live Courses & Mock Test Series
