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.
| Post | Scale | Scale 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.
| Post | Probation 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
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