JK Bank PO Salary 2021: Check Complete Salary Structure

JK Bank PO SalaryJK Bank PO Salary: The Jammu and Kashmir Bank has advertised 350 probation officer positions (PO). Aspirants who want to sit for the Jammu and Kashmir PO test will look into the probationary officer’s salary structure. The basic wage for probationary officers in J&K is Rs. 23700, with periodic increases after that.

Allowances and other benefits are included in the wage structure. Interested applicants can apply online at www.jkbank.com, where they can also get answers to their other questions. Continue reading to find out!

JK Bank PO Salary 2021: Salary Structure

Go through JK Bank PO Salary structure from the below table:

Type of Pay Amount
Basic Pay
  • Rs 23700/- ( Increment in 4 stages-
  • Salary after 1st Increment- Rs. 30560/-
  • Salary after 2nd Increment-Rs. 32850/-
  • Salary after 3rd Increment- Rs. 42020/-
Special Allowances Rs 18, 36.75
Dearness Allowances 40% of the basic pay(Varies based on inflation rates)
City Compensatory Allowances Rs 870
House Rent Allowance Rs 2133
Gross with HRA Rs 38, 703.38
Medical Aid Rs 8000
Entertainment Rs 500
Newspaper Rs 300
Petrol Rs 3000
Telephone Rs 400
Canteen Subsidy Rs 400
Pension Contribution Rs 25000
Gross Annual CTC(with HRA but without leased accommodation) Rs 5, 57, 640

JK Bank PO Salary 2021: Pay Scale

J&K Bank employees are paid a starting salary of Rs. 23700/-, with periodic raises. Different allowances and other benefits are included in the wage structure.

The wage structure for Jammu and Kashmir Bank Probationary Officers is divided into two parts: Basic Pay and Allowances. Because the base pay is Rs. 23700/-, the allowances are calculated in addition to the basic pay. The post and salary will be incremented on a regular basis.

JK Bank PO Salary: Basic JK Salary

The beginning basic pay for Junior Management Grade Scale-l is Rs. 23700/- (scale 23700-980/7-30560-1145/2-32850-1310/7-42020) with various benefits.

Scale Basic Salary Payscale
JMGS – l Rs. 23700/- 23700-980/7-30560-1145/2-32850-1310/7-42020

JK Bank PO Salary Increments 

  1. The newly hired Bank Associate will be paid a base salary of Rs. 23700 with two advance increments.
  2. After that, employees would receive a pay raise of Rs. 980 each year for the next seven years.
  3. The basic wage will be Rs. 30560 after seven years. The employees will thereafter receive an annual raise of Rs. 1145 for the next two years.
  4. The basic pay will be Rs. 32850 after the following two years.
  5. Then, for the next seven years, the annual increment will be Rs. 1310, till the basic wage is Rs. 42020.

JK Bank PO Salary: Joining Details

  1. The selected candidates would be required to sign a Rs.5 lakh bond upon joining the bank in order to serve for a minimum of 5 years.
  2. If the candidate resigns from the bank’s service before the completion of five years from the date of joining, the bank will trigger the bond.
  3. The chosen candidates are labelled as “Probationary Officers” upon joining and are placed on probation for a term of two years.
  4. Candidates are continually evaluated for their performance during their probationary period.
  5. Candidates who pass the evaluation according to the bank’s requirements will be confirmed in the bank’s Junior Management Grade Scale-l (JMGS-l).
  6. If a candidate does not comprehend the bank’s basic requirements, his or her services may be terminated.
  7. The J&K Bank offers tremendous chances for professional advancement and skill development, as well as options to work outside of the state of J&K.

JK Bank PO Salary: Other Allowances

  • Dearness Allowance (DA)
  • House Rent Allowance (HRA)
  • Hill and Fuel Allowance
  • Variable Pay
  • Lunch allowance
  • Risk Allowance
  • Refreshment Allowance
  • City Compensatory Allowances (CCA)
  • Travel Allowance
  • Medical Allowance

Details on Allowances Dearness Allowances (DA) are updated every three months in tandem with the consumer price index. This portion of the compensation usually accounts for roughly 40% of the Essential Pay. Because the CPI is affected by inflation rates, the DA might rise or fall in response.

House Rent Allowances (HRA) vary according on the job area, whether the candidate is assigned to metropolitan cities, large cities, or other regions. HRA can be as high as 9%, 8%, or 7% of the LIC AAO Basic Pay. The City Compensatory Allowance (CCA) may be 4 percent, 3 percent, or 0 percent of the LIC AAO Basic Pay, depending on the candidate’s job location.

Other Important Links:

JK Bank Recruitment for PO 2021

JK Bank PO Result 

JK Bank PO Admit Card

JK Bank PO Syllabus

JK Bank PO Exam Date

JK Bank PO Previous Year Papers

JK Bank PO Book

how to prepare for jk bank po

Jk bank po exam analysis

JK Bank PO Exam Pattern

eligibility criteria for jk bank po

jk bank apply online for po

JK Bank PO Cut Off 

JK Bank PO Selection Process

JK Bank PO Answer key

 We have covered complete details on JK Bank PO Salary 2021. If you have any queries related to the JK Bank PO Exam, feel free to comment below.

FAQs on JK Bank PO Salary 2021:

What is the basic JK Bank PO Salary 2021?

The beginning basic pay for Junior Management Grade Scale-l is Rs. 23700/- (scale 23700-980/7-30560-1145/2-32850-1310/7-42020) with various benefits.

What are the other allowances provided by JK Bank?

Dearness Allowance (DA)
House Rent Allowance (HRA)
Hill and Fuel Allowance
Variable Pay and more. Refer to the above article.

What are the steps in the JK Bank PO selection process?

Preliminary Exam
Mains Exam
Interview Process

Do the JK Bank provide increments to the selected candidates?

Yes, you can refer to the above article for more information.

What is the number of vacancies announced by JK Bank for the post of PO?

The Jammu and Kashmir Bank has advertised 350 probation officer positions (PO).

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