J&K Bank Salary: Job Profile, Salary structure, Increment, Promotion

J&K Bank Salary: Job Profile, Salary structure, Increment, Promotion

ByKanika Ralhan  |  Updated on: Feb 10, 2022
Fetch the details of the J&K Bank Salary for PO and Clerk. Get to know the job profile, work profile and the salary structure of the associates. Candidates move on to read this article and get acquainted with the J&K Bank Salary.
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Candidates preparing for J&K Bank Examination are always curious about the J&K Bank Exam Salary. This post will enlighten the candidates about the J&K Bank Exam Salary, job profile and work profile. The J&K Probationary Officers and Clerks receive an attractive salary package. The aspirants must be accomplished about the salary package and the work profile of the J&K Bank. This fuels the passion in the aspirants and motivates them to strategize their preparation well.  

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. The Probationary Officers and Clerks of J&K Bank receive a fascinating salary. 

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 or Clerks 

  • 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.

J&K Bank Salary FAQs

  • 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.

  • The salary of J&K Clerks are  basic pay of INR 13075 (with two increments in advance). 

  • Increments received by the J&K Bank Clerks along with the salary are listed herewith; 

    •  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.

PO, Clerk, SO, Insurance

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