J&K Bank Salary

J&K Bank Salary

ByKanika Ralhan  |  Updated on: Oct 8, 2020The exam date for J&K Bank PO and Banking Associates exams will be disclosed soon. Candidates who have applied for the J&K Bank 2020 exam must check this space for latest updates.
The exam date for J&K Bank PO and Banking Associates exams will be disclosed soon. Candidates who have applied for the J&K Bank 2020 exam must check this space for latest updates.
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J&K Bank Salary and Job Profile 2020

The attractive features related to J&K Bank Salary 2020 and J&K Bank Job Profile 2020 draw candidates to apply for the competition. This year J&K Bank has released a total of 1876 vacancies for the post of Banking Associates, Probationary Officers, and some specialized fields.

Before you take the qualifying exam, you should know about the details of J&K Bank Salary 2020, J&K Bank Job Profile 2020, increments, allowances, and other perks. We have collated all the details regarding J&K Bank Salary Structure, and J&K Bank Job Profile 2020 and presented the same here in this article to help you make an informed decision.

J&K Bank Salary 2020

As it is understood, there are different salaries according to the different J&K Bank Job Responsibilities. You will find all the remuneration related information for these posts below. J&K Bank Salary Slip displays all the details too. 

J&K Bank Salary Structure for PO

The below-given table covers the other vital information associated with J&K Bank Salary Structure for Probationary Officers (PO). 

J&K Bank PO scale

Junior Management Grade Scale-l (JMGS-I).

J&K Bank basic pay

INR 23700

Pay Scale

23700-980/7-30560-1145/2-32850-1310/7-42020

Increment in J&K Bank Salary 2020 for Probationary Officers

  • There will be a yearly increment of INR 980 for the next seven years.
  • After seven years, the Basic Pay will increase to INR 30560 followed by INR 1145 annual increment for two years after which the Basic Pay will become INR 32850.
  • Then an increment of INR 1310 per year will be applicable for the next seven years until the Basic Pay reaches INR 42020.

J&K Bank Salary Structure for Banking Associates

The below-given table covers the other vital information about J&K Bank Salary Structure for Banking Associates

J&K Bank PO scale

Junior Management Grade Scale-l (JMGS-I).

J&K Bank basic pay

INR 13075 (with two increments in advance) 

Pay Scale

11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540

Increment in J&K Bank Salary 2020 for Banking Associates

  • You shall get an Annual increment of INR 815 for three years on the J&K Bank Salary 2020.
  • Followed by the annual increment of INR 980 for the next four years and an increment of INR 1145 for the next seven years.
  • Next, an increment of INR 2120 for one year and INR 1310 for one year will be given until the Basic Pay reaches INR 31540.

J&K Bank Work Profile

On successful joining as a Probationary Officer or a Banking Associate at one of the bank’s branches, you will serve a probation period. The probation period is for two years for a PO, and for Banking Associate it is six months. During this probationary period, you will be continuously assessed for your performance.

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Kanika RalhanKanika RalhanMember since Jan 2018
Program Manager- Banking & Insurance exams
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J&K Bank Salary FAQs

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  • Yes. The perks and allowances reimbursed to a banking associate are dearness allowance (DA), house allowance, furniture allowance, telephone bills, and travel allowance (TA).

  • Yes. Apart from the handsome salary, the perks applicable are medical insurance for the employee and their family members; newspaper allowance, books and magazines allowance, petrol allowance, house maintenance allowance, telephone bill reimbursement, and entertainment allowance.

  • J&K Bank may change the salary structure at a suitable point in time.

  • If any employee fails to achieve the minimum standards of Junior Management Grade Scale-I (JMGS-I) stipulated by the bank, the services can be terminated.

  • The selected Probationary Officers and Banking Associates will have to execute a bond of INR 2 Lakhs at the time of joining to serve the bank for a minimum period of 5 years.

PO, Clerk, SO, Insurance

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