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Punjab & Sind SO Salary 2023
Salary is considered to be a crucial aspect that gains the attention of every candidate when a recruitment notification pops up. Recently Punjab and Sind SO Salary 2023 has been fetching up recognition as Punjab & Sind Bank has published the recruitment notification for the 183 vacancies of Specialist Officers. Punjab and Sind SO Salary 2023 has been offering several perks and allowances along with its basic pay. This article features the authentic details related to Punjab and Sind SO Salary 2023 along with other crucial details.
Punjab & Sind SO Salary 2023 and Job Profile
The Punjab & Sind SO Salary 2023 structure is one of the best factor in the banking sector. This is a great opportunity for all the candidates with relevant qualifications to join the public sector bank. As per the notification, the Punjab & Sind SO Salary 2023 is in three grades. Here in this space candidates can get all the details on Punjab & Sind SO Salary 2023.
Punjab & Sind SO Salary Overview
Here is a brief overview of Punjab & Sind SO Salary 2023. Candidates preparing for Specialist Officer positions can get all the important details in the below table.
| Punjab & Sind SO Salary 2023: Overview | |
| Organization | Punjab & Sind SO Bank |
| Exam Name | Punjab & Sind SO Exam 2023 |
| Post | Specialist Officer |
| Vacancy | 183 |
| Category | Bank Job |
| Selection Process | Online Exam, Interview |
| Punjab & Sind SO Recruitment 2023 | 27 June 2023 |
| Official Website | punjabandsindbank.co.in |
| Punjab & Sind SO Salary 2023 | Check this Post in Hindi |
Punjab & Sind SO Salary Structure 2023
As per the Punjab & Sind SO Salary Structure 2023 mentioned in the notification. There are three salary structures in the Punjab & Sind SO Salary 2023. The salary is available on three scales Officer- JMGS I, Manager- MMGS II, and Senior Manager- MMGS III. The detailed salary structure for all three grades is given below.
| Punjab & Sind SO Salary 2023 | |
|---|---|
| Post | Pay Scale |
| Officer- JMGS I | Rs. 36000-1490/7-46430-1740/2-49910-1990/7-63840 |
| Manager- MMGS II | Rs. 48170-1740/1-49910-1990/10-69810 |
| Senior Manager- MMGS III | Rs. 63840-1990/15-73790-2220/12-78230 |
Punjab & Sind SO Allowances and Benefits
Besides the Punjab & Sind SO Salary 2023, the selected candidates are also offered a number of allowances and benefits that make the Punjab & Sind SO Salary 2023 truly attractive. Here are the details on allowances and benefits offered as a part of Punjab & Sind SO Salary Structure 2023.
- DA (Dearness Allowance), HRA (House Rent Allowance), and Leased Accommodation (if applicable) will be paid as per the scale and location, in line with the bank’s prescribed norms.
- CCA (City Compensatory Allowance) will be provided based on the place of posting.
- Medical benefits, including reimbursement for medical expenses, will be provided in accordance with prevailing rules.
- LTC (Leave Travel Concession) benefits will be offered as per the bank’s policies.
- Terminal benefits, such as gratuity, provident fund, and pension, will be provided as per the prevailing rules and regulations.
- Other perquisites, such as mobile allowances or fuel allowances, will be given based on the bank’s policies and guidelines.
- The exact details of these allowances and perquisites may vary and are subject to the rules and regulations in force at the time of employment.
Punjab & Sind SO Salary 2023 Bond Amount and Minimum Contract Period
Upon selection, candidates must sign an Indemnity Bond with a surety, pledging their commitment to serve the Bank for a specific duration as stated. If a candidate resigns, leaves, or fails to fulfil their assigned duties, resulting in termination of service as per bank regulations before the specified period, they will be responsible for reimbursing the bank for any losses, costs, charges, and expenses up to the specified amount mentioned in the bond. Before joining the Bank, selected officers are required to complete the execution of the indemnity bond. Here are the details on Bond Amount and Minimum Contract Period.
| Punjab & Sind SO Salary 2023 Bond Amount and Minimum Contract Period | ||||
|---|---|---|---|---|
| Post | Scale | Bond Amount | Bond Period | Probation Period |
| Chartered Accountant, Digital Manager, Risk Manager, Forex Dealer, Treasury Dealer, Technical OfficerCivil, Law Manager, Forex Officer, Economist Officer | MMGS-III | Not specified | 2 years | 1 year |
| IT Manager, Rajbhasha Officer, Security Officer, Digital Manager, Law Manager, Chartered Accountant, Forex Officer | MMGS-II | Rs. 1,00,000 | 2 years | 1 year |
| Marketing Officer/ Relationship Manager | MMGS-II | Rs. 1,00,000 | 2 years | 2 years |
| IT Officer, Software Developer, Rajbhasha Officer | JMGS-I | Not specified | 3 years | 2 years |
Punjab and Sind Bank SO In-Hand Salary
As per the regulations formatted by Punjab and Sind Bank, candidates who are employed in the organization will get their in-hand salary as Punjab and Sind Bank SO. According to the ranges of the officer positions the scale of the salary will also fluctuate. Here, the table below for Punjab and Sind Bank SO Salary 2023 will clarify your doubts.
| Punjab and Sind Bank SO In-hand Salary | |
| Officer-JMGS | Rs. 36000-63840 |
| Manager-MMGS | Rs. 48170-69810 |
| Senior Manager-MMGS | Rs. 63840-78230 |
Punjab and Sind Bank SO Job Profile
Looking at the vast Punjab and Sind Bank Job profile 2023, the allotment to different posts will be decided as per the qualified results of the students. According to the posts, they need to handle the roles and responsibilities. Here we have given a table about the posts and their profile you need to go through.
| Post | Profile |
| IT Officer in JMGS I | Manage the IT infrastructure of the organization, Oversee different type of process like configuration, installation and maintenance. |
| Rajbhasha Officer in JMGS-I | ensure commitments with language policies and guidelines set by the government or authority. |
| Software Developer in JMGS I | The major responsibility will be to develop, design and engross good facilitated software apps. |
| Law Manager in MMGS-II | The law manager will make sure the organization regulates with application laws and industrial standards. |
| Chartered Accountant in MMGS II | CAs will make sure to present authentic financial reports as per the accounting standards. |
| IT Manager in MMGS-II | IT managers will take the responsibilities to oversee the good networking of IT infrastructure, software, hardware, networks and more. |
| Security Officer in MMGS-II | Security officers are responsible for making the organization more secured with right risk management factors. |
| Digital Manager in MMGS-II | Responsible for monitoring and researching the performance of digital initiatives. |
| Forex Officer in MMGS-II | Responsible for executing foreign exchange and transactions. |
| Marketing Officer/ Relationship Manager in MMGS-II | Marketing officers will manage the marketing strategies of the organization. They will analyze customer behavior, trends, and competitive sector. |
| Technical Officer- Civil in MMGS-III | Manages civil engineering initiatives and projects ruled by the organization. |
| Chartered Accountant in MMGS III | Give accurate financing reports as per the regulations of the accounting factors. |
| Treasury Dealer in MMGS-III | Cash flow and liquidity of the organization will be handled by the treasury dealers. |
| Economist Officer in MMGS-III | Economic strategies and policies will be evaluated by the Economist officers. |
Punjab and Sind Bank SO Career Growth and Promotion
Students selected in the examination of Punjab and Sind Bank will be awarded with many entitled advantages. Looking at the Punjab and Sind Bank SO Salary 2023, you must have estimated its supremacy. Moreover, Punjab and Sind Bank will boost up your career goals and eventually deliver you the best salary packages. You will get the best employment security as well. As per your dedication, values, seniority, and performance you will gain increments and be the permanent employee. So, Punjab and Sind Bank gives a high rated job position along with appreciable salary structure.
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