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The district cooperative banks in Kerala have been merged leading to the formation of Kerala Bank. This has resulted in a massive recruitment drive for various categories. The Kerala Public Service Commission is soon expected to release the notification for the recruitment of clerks/ cashiers for various branches across the state. This is a great opportunity for those aspiring to get a breakthrough in the government banking sector. The notification will be available in the official website of KPSC – www.keralapsc.gov.in.
In this article, you can find all the information regarding the salary, perks, and promotion of clerk at Kerala Bank.
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Kerala Bank Clerk Salary
As per the 7th pay commission, the current salary of Kerala Bank Clerk/ Cashier is Rs. 20,280 to Rs. 54760. However, there is a chance of upgradation of pay-scale in upcoming notifications.
Allowance and Benefits
1: What does the acronym "ATM" stand for in banking?
Apart from the basic salary, clerks are eligible for various allowances provided by the bank. Some of them are:
House Rent Allowance
Clerks are entitled to a monthly rental allowance along with a monthly salary.
Medical insurance
The organization provides medical insurance coverage to employees, their partners, children, and dependent parents.
Travel benefits
Employees are eligible for travel concessions. These concessions are according to their cadre / scale in the organization.
Provident Fund, Gratuity, Welfare Fund
They are also entitled to a Provident Fund, Gratuity, and Welfare Fund
Holidays
The organization offers a very acceptable leave policy to the employees considering the overall welfare of the employees.
Pension
Clerks are eligible for pension. After retirement, the employees can receive their pension through the Kerala State Co-operative Employees’ Pension Board.
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Kerala State Bank Clerk Promotion Structure
Kerala Bank will conduct department promotion test with the support of outside professional agency such as Indian Institute of Banking and Finance to assess the suitability of employees to get promotion for the higher post. The annual performance of the employee will be assessed and a report will be maintained for employees above the rank of clerk.
The various rungs in the ladder of promotion for a clerk are as follows:
- Accountant
- Assistant manager
- Manager
- Senior Manager
- Assistant General Manager
- Deputy General Manager
- general manager
- Chief General Manager
Frequently Asked Questions
1. How are Kerala Bank clerks recruited?
Ans: Clerks are recruited on the basis of their performance in the exam conducted the Kerala Public Service Commission. The selection process includes:
- Written Exam
- Interview
- Document Verification
2. What is the age limit for appointment of clerks in Kerala Bank?
Ans: The age limit is 18 to 40 years. Those belonging to Scheduled Caste, Scheduled Tribe and Other Backward Castes are eligible for relaxation in age limit. Ex-servicemen and differently abled candidates are also eligible for age relaxation as per the Government orders issued from time to time in this regard.
3. What are the benefits enjoyed by a clerk in Kerala Bank?
Ans: Apart from the basic salary, clerks are eligible for house rent allowance, travel allowance, provident fund, gratuity, medical insurance, welfare funds, pension etc.
