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Salary is a key factor that draws the attention of every candidate when a recruitment notification is announced. Candidates are curious to know the Punjab and Sind SO Salary following the release of the recruitment notification for 213 Specialist Officer vacancies. The Punjab and Sind SO Salary 2024 offers numerous perks and allowances in addition to the basic pay. This article provides authentic information regarding the salary, along with other important details.
Punjab and Sind SO Salary 2024
The Punjab and Sind SO Salary is one of the factors that attracts candidates to apply for the Punjab and Sind SO Recruitment 2024. This is a great opportunity for all the candidates with relevant qualifications to join the public sector bank. As per the notification, the salary for the specialist officers varies scale-wise. Here in this space candidates can get all the details on Punjab and Sind SO Salary 2024 along with job profile and career growth.
Punjab and Sind SO Salary: Overview
Here is a brief overview of Punjab and Sind SO Salary 2024. Candidates preparing for Specialist Officer positions can get all the important details in the below table.
| Punjab and Sind SO Salary 2024 | |
| Organization | Punjab and Sind SO Bank |
| Exam Name | Punjab and Sind SO Exam 2024 |
| Post | Specialist Officer |
| Vacancy | 213 |
| Category | Salary |
| Pay Scale | Varies Post-Wise |
| Official Website | punjabandsindbank.co.in |
| WhatsApp Official Channel | Join WhatsApp Channel |
| Telegram Official Channel | Join Telegram Channel |
Punjab and Sind SO Salary Structure 2024
As per the Punjab and Sind SO Salary Structure 2024 mentioned in the notification, the salary structure varies scale-wise. The basic pay is available scale-wise as well as post-wise for Officer- JMGS I, Manager- MMGS II, Senior Manager- MMGS III, and Chief Manager- SMGS IV. The detailed salary structure for all four grades is given below.
| Punjab and Sind SO Salary 2024 | |
| Rank | Scale of Pay |
| Officer (JMGS I) |
Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920
|
| Manager (MMGS II) |
Rs. 64820-2340/1-67160-2680/10-93960
|
| Senior Manager (MMGS III) |
Rs. 85920-2680/5-99320-2980/2-105280
|
| Chief Manager (SMGS IV) |
Rs. 102300-2980/4-114220-3,360/2-120940
|
Punjab and Sind SO Salary 2024: Allowances and Benefits
Besides the Punjab and Sind SO Salary 2024, the selected candidates are also offered a number of allowances and benefits that make the salary truly attractive. Here are the details on allowances and benefits offered as a part of Punjab and Sind SO Salary.
- 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 and Sind SO Salary 2024 Bond Amount and Probation 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 Probation Period.
| Punjab and Sind SO Salary 2024: Bond Amount and Probation Period | |||
| Scale | Bond Amount | Bond Period |
Probation Period
|
| SMGS-IV | 3 months’ gross salary (initial basic + DA as on date of resignation + Special allowance + DA on Special allowance) in respective Officer Scale | 2 years | 1 year |
| MMGS-III | 2 years | 1 year | |
| MMGS-II | 2 years | 1 year | |
| JMGS-I | 3 years | 2 years | |
Punjab and Sind SO Job Profile
Looking at the vast Punjab and Sind Bank Job profile 2024, 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.
| Punjab and Sind SO Job Profile |
|
| 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 2024, candidates must have estimated its supremacy. Moreover, Punjab and Sind Bank will boost up the career goals and eventually deliver the the best salary packages. Candidates will get the best employment security as well. As per their dedication, values, seniority, and performance they will gain increments and be permanent employee. So, Punjab and Sind Bank gives a high rated job position along with appreciable salary structure.
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