Kerala Bank Assistant Manager Salary 2023-2024

Kerala State Cooperative Bank will be recruiting 200 candidates for the post of Assistant Manager. This is quite a rewarding post and there are a lot of aspirants for these vacancies. This article shed light on the salary and various allowances and benefits enjoyed by Assistant Managers in Kerala Bank.

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Kerala Bank Assistant Manager Salary

An Assistant Bank Manager working in Kerala Bank will earn around Rs. 24060 to Rs. 69610 per month. In addition to the basic pay, there will be allowances like DA and HRA.

For example, if the basic pay is 24060, the total salary will be Rs. 44,756

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Career Growth and Promotion

Below table structure provides a clear pathway for career progression of assistant manager within Kerala Bank.

Assistant Manager can ascend to the role of Manager through internal promotion within the organization. Further advancement entails becoming a Senior Manager, contingent on having three years of service in the feeder category and based on seniority. The progression continues with promotion to Assistant General Manager, achieved by those who have held the position of Senior Manager for three years and on the basis of seniority. The hierarchy extends to Deputy General Manager, where individuals can be promoted from Assistant General Manager with three years of service in the feeder category or through direct recruitment by the PSC in a 1:1 ratio. General Manager status is then attained by promotion from Deputy General Managers, following three years of service in the feeder category. Finally, the highest echelon, Chief General Manager, involves a selection process from individuals holding the position of General Manager, necessitating three years of service in the feeder category.

Probation

The Assistant Manager will be on probation for one year after which his performance will be assessed. If the performance is satisfactory, he will be made permanent. The appointing authority may extend the period of probation for another two years to enable the appointing authority to decide whether the probationer is suitable for regularization or not. Once he/ she serves as the Assistant Manager for a certain number of years or if a vacancy arises, he will be promoted to the managerial post.

BENEFITS FOR KERALA BANK EMPLOYEES 

PF, Gratuity, Welfare Fund
All employees are entitled to a Provident Fund, Gratuity, and Welfare Fund

Medical insurance
Medical insurance coverage is available to employees, their partners, children, and dependent parents.

House Rent Allowance
All employees are entitled to a monthly rental allowance along with a monthly salary.

Staff loans
Bank employees are eligible for home loans, auto loans, consumer loans, education loans, lap top loan, gold loans and overdrafts at special staff rates at much lower rates than normal bank rates.

Travel benefits
Employees are eligible for travel concessions according to their cadre / scale in the organization.

Holidays
It offers a very acceptable leave policy to the employees considering the overall welfare of the employees.

Pension
After retirement, the pension will be received through the Kerala State Co-operative Employees’ Pension Board.

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Kerala Bank Assistant Manager Eligibility

Educational Qualification 

Society Category

• The employees of PACS and Urban Co-operative Bank, who are of and above the cadre of Assistant
  Secretary/ Secretary will be considered. These candidates should have 8 years service in the Societies of which 3 years will be in supervisory cadre.
• Graduation from a UGC recognized University or National Institute established by Central
  Government or Institute established by Government of Kerala with not less than 60% of marks in the
  aggregate.
• MBA (Finance/ Banking)/ ACA/ ACMA/ ACS / B.SC.(Co-operation & Banking of Kerala Agricultural
  University) will be a preferred qualification.

General Category 

• Graduation from a UGC recognized University or National Institute established by Central
  Government or Institute established by Government of Kerala with not less than 60% of marks in
  the aggregate.
• MBA (Finance/ Banking)/ ACA/ ACMA/ ACS/ B.SC.(Co-operation & Banking of Kerala Agricultural
  University) will be a preferred qualification.

Age Limit

Society category

Candidates should be of 18 to 50 years of age. Only those born between 2nd January,1973 and 1st January, 2005 are eligible to apply for this post.

General Category
Candidates should be of 18 to 50 years of age. Only candidates born between 2nd January,1995 and 1st January, 2005 are eligible to apply for this post.

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