PNB SO Salary Pay Scale 2024: Punjab National Bank (PNB) has released a recruitment notification for the position of Specialist Officer (SO). The notification provides comprehensive details about the online application process for PNB Specialist Officer (SO) Recruitment. Visitors are specifically inquiring about the salary pay scale of PNB Specialist Officers. This article will exclusively focus on providing detailed information regarding the salary pay scale of PNB Specialist Officers.
Discover the details of PNB SO Salary 2024 in this article. Get insights into the in-hand salary, pay scale, allowances, job profile, and career growth opportunities for PNB Specialist Officers. Explore the financial aspects and career path in a straightforward manner.
PNB SO Salary Pay Scale 2024 Table
The recruitment at Punjab National Bank (PNB) features diverse positions for Specialist Officers. In Post Code 01, Officer-Credit in Junior Management Grade Scale I (JMGS I) offers a scale of pay starting from ₹36,000 and progressing through various increments. Similarly, Post Code 02 highlights the Manager-Forex role in Middle Management Grade Scale II (MMGS II) with a starting pay of ₹48,170 and incremental progression up to ₹69,810. Post Code 03 introduces Manager-Cyber Security in MMGS II, and Post Code 04 outlines the Senior Manager-Cyber Security role in Middle Management Grade Scale III (MMGS III), both offering competitive pay scales, reflecting the bank’s commitment to attracting skilled professionals.
| Post Code | Name of the Post | Grade/Scale | No. of Vacancies | Scale of Pay |
|---|---|---|---|---|
| 01 | Officer-Credit | JMGS I | 1000 | 36000-1490/7-46430-1740/2-49910-1990/7-63840 |
| 02 | Manager-Forex | MMGS II | 15 | 48170-1740/1-49910-1990/10-69810 |
| 03 | Manager-Cyber Security | MMGS II | 5 | 48170-1740/1-49910-1990/10-69810 |
| 04 | Senior Manager-Cyber Security | MMGS III | 5 | 63840-1990/5-73790-2220/2-78230 |
| TOTAL | 1025 |
The additional benefits such as Dearness Allowance (DA), City Compensatory Allowance (CCA), House Rent Allowance (HRA) or Leased Accommodation, Leave Fare Concession, Medical Insurance, Retirement Benefits, and other perks will be provided according to the rules and regulations of the bank.
Salary Pay Scale of PNB Officer-Credit (JMGS I)
Let’s delve into the details of the salary pay scale for Post No. 1 – Officer-Credit (JMGS I) in Punjab National Bank.
- Scale: JMGS I (Junior Management Grade Scale I)
- Pay Scale: Starting from ₹36,000 with increments of ₹1,490 for the first 7 years, reaching up to ₹46,430. Subsequently, there are increments of ₹1,740 for the next 2 years, reaching up to ₹49,910. Further increments of ₹1,990 for the next 7 years, culminating at ₹63,840.
This structure outlines the progression of salary for Junior Management Grade Scale I officers in the Officer-Credit position at Punjab National Bank.
In addition to the basic salary, officers in the Officer-Credit (JMGS I) position at Punjab National Bank are entitled to various allowances. While specific allowances can vary, common allowances for banking professionals often include as given below.
Salary Pay Scale of Manager-Forex (MMGS II)
Let’s discuss the salary pay scale for the position of Manager-Forex (MMGS II) at Punjab National Bank.
- Scale: MMGS II (Middle Management Grade Scale II)
- Pay Scale: Starting from ₹48,170 with increments of ₹1,740 for the first year, reaching up to ₹49,910. Subsequently, there are increments of ₹1,990 for the next 10 years, culminating at ₹69,810.
This salary structure outlines the progression of pay for Middle Management Grade Scale II officers in the Manager-Forex position at Punjab National Bank. The increments are annual for the initial period and then extend over a longer duration, reflecting the professional experience and seniority associated with the role.
Indeed, in addition to the basic salary, the Manager-Forex (MMGS II) post at Punjab National Bank is entitled to various allowances, subject to revision. These allowances are designed to enhance the overall compensation package and may include as given below.
Salary Pay Scale of PNB Manager-Cyber Security (MMGS II)
- Scale: MMGS II (Middle Management Grade Scale II)
- Pay Scale: Starting from ₹48,170 with increments of ₹1,740 for the first year, reaching up to ₹49,910. Subsequently, there are increments of ₹1,990 for the next 10 years, culminating at ₹69,810.
This salary structure outlines the progression of pay for Middle Management Grade Scale II officers in the Manager-Cyber Security position at Punjab National Bank. The increments are annual for the initial period and then extend over a longer duration, reflecting the professional experience and seniority associated with the role.
Like other managerial positions, the Manager-Cyber Security post is also entitled to various allowances, subject to revision, in addition to the basic salary. These allowances aim to enhance the overall compensation package and may include components such as Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), and more. Specific details about allowances can be obtained from the bank’s official documents or the HR department. For comprehensive details on the PNB SO salary pay scale, please refer to the official documentation provided by Punjab National Bank.
PNB Senior Manager-Cyber Security (MMGS III) Pay Scale 2024
Let’s discuss the salary pay scale for the position of Senior Manager-Cyber Security (MMGS III) at Punjab National Bank.
- Scale: MMGS III (Middle Management Grade Scale III)
- Pay Scale: Starting from ₹63,840 with increments of ₹1,990 for the first 5 years, reaching up to ₹73,790. Subsequently, there are increments of ₹2,220 for the next 2 years, culminating at ₹78,230.
This salary structure outlines the progression of pay for Middle Management Grade Scale III officers in the Senior Manager-Cyber Security position at Punjab National Bank. The increments are annual for the initial period and then extend over a longer duration, reflecting the professional experience and seniority associated with the role.
Like other managerial positions, the Senior Manager-Cyber Security post is also entitled to various allowances, subject to revision, in addition to the basic salary. These allowances aim to enhance the overall compensation package and may include components such as Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), and more. Specific details about allowances can be obtained from the bank’s official documents or the HR department. For comprehensive details on PNB SO salary pay scale, please refer to the official documentation provided by Punjab National Bank.
PNB SO Salary Other Allowances
- Dearness Allowance (DA): It is a cost of living adjustment allowance and is calculated as a percentage of the basic salary.
- House Rent Allowance (HRA): Provided to employees to cover rental expenses for accommodation.
- City Compensatory Allowance (CCA): Given to compensate for the higher cost of living in metropolitan cities.
- Leased Accommodation: If the officer opts for leased accommodation instead of an HRA, the bank may provide a lease rental allowance.
- Special Allowance: Additional allowance to meet specific needs, and it may be a fixed or variable amount.
- Travel Allowance: Reimbursement for work-related travel expenses.
- Medical Allowance: Reimbursement or provision for medical expenses.
- Leave Fare Concession (LFC): Allowance to cover travel expenses during vacation.
- Conveyance Allowance: Reimbursement for commuting expenses.
- Mobile/Telephone Allowance: Reimbursement or provision for mobile and telephone expenses.
It’s important to note that the specific allowances can vary based on the bank’s policies and may be subject to periodic revisions. Employees are advised to refer to the bank’s official documents or contact the HR department for the most accurate and up-to-date information on allowances.
Jobs Roles and Duties of PNB Specialist Officers 2024