J&K Bank Salary, JK Bank Allowances, J&K Perks, Jammu and Kashmir Bank Salary Allowances: As we know that every applicant wants to know more about the salary, Perks, Allowances about the J&K Bank Associate and J&K Probationary Officer Post. Let us tell you all that Jammu and Kashmir Bank has announced the entrance exam of the J&K Bank associate and J&K Probationary Officer exam. This recruits number of bank jobs in the field of several J&K Bank jobs. Here in this article, we will discuss everything related to the J&K Probationary Officer or J&K Bank Associate Salary, Allowances, and Perks.
- All interested applicants should try to apply in this job post by just filling an application form online.
- As you know, Jammu and Kashmir Bank have organized banking job post (Banking Associate and Probationary Officer) with around total of 1850 job vacancy.
- There are 1500 job vacancies for Banking Associate job post and 350 job vacancies are for Probationary Officer.
- Jammu and Kashmir Bank is playing an important role that secures and offers good pay.
- For this exam, an application has to be completed their graduation or any higher studies. Those candidates can fill the application form.
- Everyone has to undergo various processes of selection while taking a job in J&K Banking Associate and J&K Probationary Officers bank.
Important Note: In the year 2018, it shows that J&K Bank Salary depends on the Recruitment process. If somehow, there is any type of change occurs, then it will notify you all on the Official website.
Highlights of J&K Bank Salary 2020
Here we will discuss the highlights of J&K Bank Salary 2020, which is as follows:
| J&K Bank Salary 2020 | |
| Bank Name | Jammu and Kashmir Bank (J&K Bank) |
| Name of the Post |
|
| Total Number of Vacancies | 1850 vacancies |
| Process of Selection | Online Theory Test |
| Selection Stages |
|
| Notification | Download From Here |
| Mode of Application | Online |
| Category | Bank Jobs |
| Date of Application | 20th June 2020 |
| Job Location | Jammu & Kashmir |
| Official Website | Click Here |
Jammu and Kashmir Bank Salary 2020
According to the government, the online procedure will start from the onwards of 20 June. As we know that every applicant wants to know more about the salary, Perks, Allowances about the J&K Bank Associate and J&K Probationary Officer Post. JK Bank is a type of semi-government bank that have pan along with around 700 additional branches. Inclusion, mutual respect, and Diversity are the most important part of J&K Bank. Let’s start to discuss the salary structure of the J&K Bank PO and J&K Banking Associates.
J&K Bank PO Salary
The basic salary of the J&K Bank PO is going to be reached on 23700 Rupees. Here we will discuss the Salary of J&K Bank PO Salary 2020, which is given as follows:
Pay Scale: 23700-980/7-30560-1145/2-32850-1310/7-4202.
A Jammu and Kashmir Bank Probationary Officer will go to get other perks which are applicable to Junior Management Grade Scale-l (JMGS-I).
| Scale | Basic Salary | Payscale |
| JMGS – l | Rs. 23700/- | 23700-980/7-30560-1145/2-32850-1310/7-42020 |
Increment Policy for J&K Bank PO
Here we will discuss the increment policy of the J&K Bank PO job post. The table shows you the timely increment of the J&K Bank PO Salary Structure. The steps are as follows:
- A new applicant who got a job in the field of Probationary officer will receive a basic salary of 23700 Rupees every month.
- After that, there is an addition of 980 Rupees annually for the time of the next seven years.
- After seven years, the basic salary will be 30560 Rupees.
- After that, there is an addition of 1145 Rupees annually for the time of two years.
- Again after completing two years, the basic salary will be 32850 Rupees.
- After that, there is an addition of 1310 Rupees every year for the time of seven years till the basic salary has reached to 42020 Rupees.
Joining Information of J&K PO Salary
Here we will discuss the Joining information of the Jammu and Kashmir Probationary Officer Salary. This is as follows:
- During the process of selection, all selected applicants have to sign a bond of five lakh rupees to the bank for a minimum time of five years.
- After the selection in the Bank PO, all applicants will have to be in the probation time of two years.
- In this probationary time, all applicants should continuously know by their performance.
- If somehow, any applicant get fails to achieve the minimum stipulated from the bank, then his or her banking services will get cancelled.
- All those applicants who pass in the assessment session according to the standards have determined through the bank and will confirm in the bank service in JMGS-I.
J&K Banking Associate Salary
The basic salary of the J&K Bank Associate is going to be reached on 13075 Rupees (along with the increment of two advances). Here we will discuss the Salary of J&K Banking Associate Salary 2020, which is given as follows:
Payscale: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540
| Scale | Basic Salary | Payscale |
| JMGS – l | Rs.13075/- (along with the increment of two advances) | 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540 |
Increment Policy for J&K Bank Associate
Here we will discuss the increment policy of the J&K Bank Associate job post. The table shows you the timely increment of the J&K Bank Associate Salary Structure. The steps are as follows:
- A new applicant who got a job in the field of Bank Associate will receive a basic salary of 13075 Rupees along with two advance increments.
- After that, there is an addition of 815 Rupees for the time of three years.
- After that, there is an addition of 980 rupees for the further four years.
- Again there is an addition of 1145 Rupees for the time of seven years.
- Again, there is an addition of 2120 Rupees for the time of one year and 1310 for one year till the basic salary has reached to 31540 Rupees.
Joining Information of JK Banking Associate Salary
Here we will discuss the Joining information of the Jammu and Kashmir Banking Associate Salary. This is as follows:
- During the process of selection, all selected applicants have to sign a bond of two lakh rupees to the bank for a minimum time of five years.
- After the selection in Banking Associate, all applicants will have to be in the probation time of six months.
- In this probationary time, all applicants should continuously know by their performance.
- If somehow, any applicant get fails to achieve the minimum stipulated from the bank, then his or her banking services will get cancelled.
Perks and Allowances of J&K Bank Salary
Here we discuss the Perks & Allowances of the Jammu and Kashmir Bank Salary. All applicants who are doing job below the J&K Probationary Officer and Banking Associate will get many benefits with salary. As we all know that bank employees get basic pay salary, so it is also seen that many bank employees are eligible for various allowances:
- Dearness Allowance (DA)
- Medical Allowance
- City Compensatory Allowances (CCA)
- House Rent Allowance (HRA)
- House maintenance allowance
- Travel Allowance
- Telephone bill reimbursement
- Entertainment allowance
The general idea of the allowance information is as follows:
| Allowances | Information |
| House Rent Allowances (HRA) | It is based on the location of the job. Like whether the applicant is posted in any of the metropolitan cities, other locations, big cities, the HRA should be 8%, 9%, or 7% of LIC AAP Basic Salary. |
| Dearness Allowances (DA) | It is renewed quarterly depend on the consumer price index. The salary component is generally made around 40% basic salary. As CPI based on the inflation rates, the DA should increase or decrease. |
| City Compensatory Allowances |
It also based on the location of the job and should be 3%, 4%, or 0% of the LIC AAO Basic Salary. |
I just hope that everyone will understand this article very well and gain more knowledge. If any applicant has faced some issues or problems related to this article, then he or she may ask all your queries in the given comment box.