Allowances and other benefits are included in the wage structure. Interested applicants can apply online at www.jkbank.com, where they can also get answers to their other questions.
JK Bank Banking Associate Salary 2021: Overview
The initial basic wage for the position of JK Bank Banking Associate Salary is Rs.13075/- (with Two Advance Increments ) The overall payscale is 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/- (with two advance Increments) | 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540 |
JK Bank Banking Associate Salary 2021: Basic Pay
J&K Bank employees are paid a starting salary of Rs. 27435/-, with periodic raises. Different allowances and other benefits are included in the wage structure.
The wage structure for JK Bank Banking Associate is divided into two parts: Basic Pay and Allowances. Because the base pay is Rs. 27435/-, the allowances are calculated in addition to the basic pay. The post will be incremented on a regular basis.
JK Bank Banking Associate Salary 2021: Allowances
Aside from the basic pay, there is also a provision for additional allowances such as:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- Hill and Fuel Allowance
- Variable Pay
- Lunch allowance
- Risk Allowance
- Refreshment Allowance
- City Compensatory Allowances (CCA)
- Travel Allowance
- Medical Allowance
Dearness Allowances (DA) are updated quarterly in tandem with the consumer pricing index. This portion of the compensation usually accounts for roughly 40% of the Essential Pay. Because the CPI is affected by inflation rates, the DA might rise or fall in response.
House Rent Allowances (HRA) vary according on the job area, whether the candidate is assigned to metropolitan cities, large cities, or other regions. HRA can be as high as 9%, 8%, or 7% of the LIC AAO Basic Pay. The City Compensatory Allowance (CCA) may be 4 percent, 3 percent, or 0 percent of the LIC AAO Basic Pay, depending on the candidate’s job location.
Read More: JK Bank Banking Selection Process
The J & K Bank will announce a recruiting drive to hire qualified applicants for Clerk positions. Soon, the application window will open. During the 2021 recruitment cycle, more than 1500 positions are likely to be announced. Candidates interested in applying for this position should familiarise themselves with the JK Bank Clerk selection process in order to make the necessary preparations.
Other Important Links:
JK Bank Banking Associate Cut Off
JK Bank Banking Associate Answer Key
JK Bank Banking Associate Books
JK Bank Banking Associate Preparation
JK Bank Banking Associate Eligibility
JK Bank Associate Exam Pattern
JK Bank Banking Associate Previous Papers
JK Bank Banking Associate Application Form
We have covered complete details on the JK Bank Banking Associate Salary 2021. If you have any queries related to the JK Bank Associate Exam, feel free to comment below.
FAQs on JK Bank Associate Salary 2021
What is the basic JK Bank Banking Associate Salary 2021?
The initial basic wage for the position of JK Bank Associate is Rs.13075/- (with Two Advance Increments ) The overall payscale is 1765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540.
What are the steps in the JK Bank Banking Associate selection process?
Preliminary Exam
Mains Exam
Interview Process
What are the other allowances provided by JK Bank?
Dearness Allowance (DA)
House Rent Allowance (HRA)
Hill and Fuel Allowance
Variable Pay and more. Refer to the above article.
Do the JK Bank provide increments to the selected candidates?
Yes, you can refer to the above article for more information.
What is the number of vacancies announced by JK Bank for the post of Banking Associate?
The Jammu and Kashmir Bank has advertised 1500 banking associate positions (PO).