PNB SO Credit Officer Scale 1 Salary 2024 - Pay Scale, Job Profile

PNB SO Credit Officer (Scale 1) Salary 2024

Public sector jobs like the PNB SO Credit Officer (Scale 1) are popular among young aspirants in India as they offer a fixed pay structure with well-defined pay scales and regular salary increments. Apart from the PNB SO Credit Officer salary, the selected candidates will also be entitled to receive certain perks and benefits that add significant value to the overall compensation package. 

However, it is also important to note that while salary is a significant factor, it may not be the sole reason why candidates opt for government/competitive exams like the PNB Credit Officer (Scale 1) exam 2024. Other factors such as job security, opportunities for growth and promotion, social impact, and personal interest in public service also play a role in the decision-making process.

Considering the above, the candidates selected as Credit Officers (Scale 1) in PNB will receive a basic salary of Rs. 36,000/-. Furthermore, the PNB SO Credit Officer Scale 1 pay scale is 36000-1490/7-46430-1740/2-49910-1990/7-63840. 

It is essential for prospective candidates intending to participate in the PNB SO Credit Officer Scale 1 examination to consult the comprehensive salary table for precise and current details regarding the PNB SO salary framework. This guarantees a thorough comprehension of the financial components linked with the role. A detailed review of the salary particulars is crucial for individuals contemplating a career in the banking industry, particularly those preparing for the PNB SO Credit Officer exam, as it elucidates the remuneration provided by Punjab National Bank for Specialist Officer positions. You can look at the table below for more details on the PNB SO Credit Officer salary 2024.  

PNB SO Credit Officer (Scale 1) Perks & Benefits

In addition to the PNB SO salary 2024, candidates selected as Credit Officers in Scale 1 will also be entitled to various perks and benefits. These additional benefits enhance the overall compensation package and contribute to the attractiveness of the role for prospective candidates.

• DA 
• CCA 
• HRA/Leased Accommodation
• Leave Fare Concession
• Medical Insurance 
• Retirement Benefits

Indemnity Bond

Upon selection as a PNB Credit Officer in Scale 1, the candidates will be required to execute an Indemnity Bond of Rs. 1 Lakh with surety for serving the Bank for a minimum period of 3 years. Should an employee resign, leave, or fail to fulfill assigned duties leading to termination as per bank regulations before the specified period, they are obligated to indemnify the bank for any resulting losses, costs, charges, and expenses up to the bond amount. 

For individuals aspiring to pursue a career as a Credit Officer (Scale 1) with Punjab National Bank, it is vital to have a comprehensive understanding of the bond's details, encompassing factors such as the bond amount and duration. This knowledge elucidates the contractual responsibilities linked to the role and is imperative for making well-informed decisions concerning the commitment entailed upon entering the esteemed banking organization.

PNB Credit Officer (Scale 1) Job Profile

Prior to applying, it is essential to acquaint yourself with the job profile of a PNB Credit Officer (Scale 1). This familiarity provides insight into the diverse responsibilities and duties entailed in the role. Understanding the job profile empowers candidates to assess their suitability for the position and prepare effectively for the recruitment process. It ensures alignment between the candidate's skills and the requirements of the role, facilitating a more informed decision-making process during the application phase.

• Credit Verticals
• Corporate Branches
• Trade Finance Centres
• Finance Division
• CorporatenCredit Division
• Other Credit Division