Nainital Bank MT Salary 2024
Nainital Bank Limited offers promising growth opportunities and career prospects. It offers attractive pay scales to all its employees. As a Nainital Bank PO (MT), you will have to complete a probation period of one year. Initially, you will receive a lump sum payment of ₹40,000 per month plus other allowances. Detailed information on Nainital Bank PO salary can be drawn from the table below.
| Post | Salary/Pay Scale |
|---|---|
| Management Trainee | Lump sum payment of Rs. 40,000.00 per month. |
Indemnity Bond
After getting selected as a Management Trainee in Nainital Bank Limited, you are required to execute an Indemnity Bond for the prescribed amount of 03 lakhs for 01 year. If you resign or leave the bank before the completion of this period, you need to indemnify the Bank for the amount of the Bond for all costs, charges, and expenses incurred by the Bank.
| Post | Bond Amount | Bond Period |
|---|---|---|
| PO | Rs. 3.00 Lacs | 1 year |
Nainital Bank Management Trainee Job Profile
A Nainital Bank Management Trainee performs the following tasks in the branch.
- A Nainital Bank Management Trainee is assigned to various banking activities to get familiar with various working procedures of the bank.
- The Nainital Bank MT is also required to handle the customer service of the banks. He/she guides them about the banking facilities and products available, for example: issuing Cheque books, ATM cards, Demand Draft, etc.
- The Nainital Bank PO also supervises all the clerical work such as managing cash, opening accounts and customer dealing.
- A Management Trainee in Nainital Bank performs one of the primary functions of the bank, i.e. providing a loan to the needful. All the document verification before processing a loan is to be done under his/her supervision.