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    NHB Assistant Manager Salary 2024: Job Profile, Allowances, Perks & Benefits

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    NHB Assistant Manager Salary 2024

    National Housing Bank exam 2024 notification has been announced. . Along with other information like NHB Assistant Manager eligilibity criteria, syllabus and exam pattern, aspiring candidates must also know the NHB Assistant Manager salary before they apply for the NHB AM 2024 exam. The basic pay for NHB Assistant Manager starts at Rs. 36000 and over the years will increase up to Rs. 63840. You will be eligible for Dearness Allowance, Special Pay, Special DA, House Rent Allowance, and City Compensatory Allowance if selected as NHB Assistant Manager. Besides emoluments, other facilities like Bank's accommodation, reimbursement of expenses for medical/hospitalization, telephone/mobile charges and newspapers will be given. Other than Assistant General Manager, Deputy General Manager, Assistant General Manager and Deputy Manager salary has also been given in the table below. 

    In addition to the salary mentioned earlier, selected candidates will be eligible for a comprehensive benefits package. This may include housing options like bank-provided accommodation (subject to availability), leased accommodation, or a housing rent allowance (HRA). The bank also reimburses expenses for medical needs, hospitalization, phone/mobile charges, and professional development. Additionally, there are allowances for furnishing a residence, transportation, and knowledge acquisition (subject to eligibility). Employees can also take advantage of benefits like housing loans, car loans, festival advances, travel concessions, gratuity, leave encashment, and coverage under the National Pension System. These benefits are all subject to the bank's current rules and regulations. 

    PostScaleScale of Pay
    Regular Posts
    General Manager Scale – VII 116120 – 3220/4 – 129000
    Deputy General Manager Scale – VI 104240 – 2970/4 – 116120
    Assistant General Manager Scale -V 89890 – 2500/2 – 94890 – 2730/2 – 100350
    Deputy Manager Scale – II 48170 – 1740/1 – 49910 – 1990/10 – 69810
    Assistant Manager Scale-I 36000 – 1490/7 – 46430 – 1740/2 – 49910 – 1990/7-63840
    Contractual Posts Period of Contract
    Chief Economist Market-linked compensation of Rs 5 lacs per month (with a fixed pay of Rs 3.75 lacs and variable pay of Rs 1.25 lacs). The variable pay to be linked to the performance rating. In case of outstation duty, travelling and halting allowances will be as applicable to Scale – VII officers of the Bank. The period of contract shall be Initially for a period of 3 years, subject to yearly review, which can be extended for a maximum term of 5 years (one year at a time) or 65 years of age whichever is earlier.
    Senior Application Developer Rs. 1.25 lacs month (consolidated) Initial tenure for a period of 2 years which can be extended for a maximum term of 3 years (subject to annual review). Application Developer Rs. 0.85 lacs per month (consolidated) Initial tenure for a period of 2 years which can be extended for a maximum term of 3 years (subject to annual review).
    Senior Project Finance Officer Fixed compensation of Rs 3.5 lacs per month. In case of outstation duty, travelling and halting allowances will be as applicable to TEG Scale VI cadre (IBA Scale). The period of contract shall be Initially for a period of 3 years, subject to yearly review, which can be extended for a maximum term of 5 years (one year at a time) or 65 years of age whichever is earlier.
    Project Finance Officer Fixed compensation of Rs 2.5 lacs per month. In case of outstation duty, travelling and halting allowances will be as applicable to Scale IV cadre (IBA Scale). The period of contract shall be Initially for a period of 3 years, subject to yearly review, which can be extended for a maximum term of 5 years (one year at a time) or 65 years of age whichever is earlier.

    Probation Period

    If you are appointed as an NHB Assistant Manager, you will be on probation for a period of 2 years. You can be posted in any department and can be transferred all over India. You have to complete a probation period in order to enjoy all the perks and benefits of the post of NHB Assistant Manager. During probation, your performance and work ethic will be analysed and judged by the seniors.

    PostProbation Period
    Assistant Manager (Scale 1) 2 years which is extendable at the discretion of the Bank
    Regional Manager (Scale 4) The selected candidate will be on probation for a period of 1 year of active service from the date of his/her joining the Bank which is extendable at the discretion of the Bank
    Deputy General Manager (Scale 6)

    Job Profile (Assistant Manager)

    After being selected as an NHB Assistant Manager, you will be required to perform certain duties. You will be assigned some set of work which you will be responsible for. The NHB Assistant Manager job description has been provided below.

    • Providing Assistance to the Manager
    • Recruiting and training new employees
    • Supervising day-to-day operations of the Bank
    • Providing constant feedback to the staff
    • Management of payroll and personal databases.

    Career Growth

    After being selected for the post of Assistant Manager, you will become eligible for additional increments To progress in your career, you have to qualify for the JAIIB/CAIIB exam conducted by the bank regularly. Through these exams, you will be promoted to a higher grade in the department of the National Housing Bank. The NHB Assistant Manager career growth hierarchy, along with Deputy Manager, Assistant General Manager, Deputy General Manager and General Manager, is given in the bullets below:

    • Executive Director - Special Grade
    • General Manager(s) (Scale 7) - Top Executive Grade
    • Deputy General Managers (Scale 6)- Top Executive Grade
    • Asst. General Managers (Scale 5)- Senior Management Grade
    • Regional Managers (Scale 4)- Senior Management Grade
    • Managers (Scale 3) - Middle Management Grade
    • Deputy Managers (Scale 2) - Middle Management Grade
    • Assistant Managers (Scale 1) - Junior Management Grade

    NHB Assistant Manager Online Course 2024

    To help you with the NHB Assistant Manager Exam, ixamBee has launched a comprehensive and well-curated Online Course for NHB Assistant Manager Exam. This course has all that is needed to ace the exam. This NHB Assistant Manager online course is designed by our expert faculty. The Course consists of Video Lessons, Live Online classes for doubt clarification and Study notes designed by expert faculties. Some features of the NHB Assistant Manager Online Course have been provided below:

    • Video Lessons covering the entire syllabus for all papers of NHB Assistant Manager.
    • Study Notes designed by expert faculty covering the NHB Assistant Manager syllabus.
    • Full-length Mock Tests for NHB Assistant Manager, adhering to NHB Assistant Manager's new exam pattern.
    • Practice questions apart from mock tests covering all the new subjects/topics.
    • Daily Live Online Classes for doubt clarification with the subject experts.
    • You will be assisted by our experts for the Interview.

    In addition to the NHB Assistant Manager online course, ixamBee also offers NHB Assistant Manager Free Mock Tests, NHB Assistant Manager Previous Year Question Papers, and several other resources that will help supplement your exam preparation.  

    National Housing Bank (NHB) Assistant Manager - Free Mock Tests

    NHB Assistant Manager Exam 2024 Mock Test 2

    NHB Assistant Manager Exam 2024 Mock Test 2

    • 180 Minutes
    • 155 Questions
    • 200 Marks
    Attempt Test
    NHB Assistant Manager Exam 2024 Mock Test 1

    NHB Assistant Manager Exam 2024 Mock Test 1

    • 180 Minutes
    • 155 Questions
    • 200 Marks
    Attempt Test

    View Bank PO Mock Tests

    National Housing Bank (NHB) Assistant Manager - Previous Year Question Paper

    NHB Assistant Manager Exam 2023 Previous Year Paper(23 December)

    NHB Assistant Manager Exam 2023 Previous Year Paper(23 December)

    • 180 Minutes
    • 155 Questions
    • 200 Marks
    Attempt Test
    NHB Assistant Manager Exam 2022 Previous Year Paper(24 December)

    NHB Assistant Manager Exam 2022 Previous Year Paper(24 December)

    • 180 Minutes
    • 155 Questions
    • 200 Marks
    Attempt Test
    NHB Assistant Manager Exam 2021 Previous Year Paper(6 March)

    NHB Assistant Manager Exam 2021 Previous Year Paper(6 March)

    • 180 Minutes
    • 155 Questions
    • 200 Marks
    Attempt Test
    NHB Assistant Manager 2020 Previous Year Paper

    NHB Assistant Manager 2020 Previous Year Paper

    • 180 Minutes
    • 155 Questions
    • 200 Marks
    Attempt Test

    View Bank SO Previous Year Papers

    Nhb Assistant Manager Salary FAQs

    In the examination venue, you need to carry Call Letter/Admit Card printout and one ID card proof in original as well as xerox.
    Yes, Assistant Managers at NHB are eligible for benefits such as health insurance, retirement plans, and paid time off.
    Salary negotiation may be possible based on factors like qualifications, experience, and the current job market.
    Salary reviews for Assistant Managers at NHB are typically conducted annually or biannually, depending on company policies.
    Yes, Assistant Managers at NHB may be eligible for bonuses or incentives based on performance and company targets.
    Yes, NHB provides training and development opportunities to Assistant Managers to enhance their skills and career growth.
    The typical working hours for Assistant Managers at NHB are usually [insert typical hours], with occasional flexibility depending on job requirements.
    The salary for Assistant Managers at NHB is competitive and aligned with industry standards, offering fair compensation for the responsibilities and qualifications required.
    National Housing Bank AM is a pan-India job, therefore, you may be posted and transferred anywhere in India where the organization has its branches. This nationwide scope presents the possibility of postings and transfers to diverse regions as per organizational requirements.
    The NHB 2024 notification has not specified a date for when the NHB Assistant Manager exam will be held. Candidates should note however that July 19, 2024, is the last date for online registration and any time after that could be the tentative date for the exam. You are advised to keep checking the official website for updates on exam dates.
    The online course for NHB Assistant Manager will include full coverage of the exam syllabus through video lessons, daily live classes with experts to clarify doubts, detailed study notes, free mock tests, practice questions and more to help students increase their chances of success.
    No. The starting base salary as an NHB Assistant Manager is Rs. 36000 and can go up to Rs. 63840 over the years as your experience increases and with regular performance appraisals.
    Selected candidates will be eligible for allowances like Dearness Allowance, Special Pay, Special DA, House Rent Allowance, and City Compensatory Allowance. The NHB also offers its employees a comprehensive benefits package that may include housing options (bank-provided accommodation, leased accommodation, or HRA), medical/hospitalization expense reimbursement, phone/mobile charges reimbursement, and newspaper allowances.
    The probation period for an NHB Assistant Manager is 2 years. During this time, your performance and work ethic will be evaluated.
    In addition to the online course, ixamBee offers free mock tests, previous year question papers, and other resources to help you succeed in the NHB Assistant Manager exam.
    Advancing your career after becoming an NHB Assistant Manager involves two main paths. Firstly, qualifying for the JAIIB/CAIIB exams and secondly, strong performance and experience are crucial. As you excel in your role and gain expertise over time, you'll be well-positioned for promotions within the NHB's established hierarchy.

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