Federal Bank Clerk Salary
Banking jobs are one of the white collar jobs in the country. They are the backbone of a country’s economy. Institute of Banking Personnel Selection conducts a common written exam for multiple banks for the clerical grade all over the country. The Federal Bank falls under the IBPS group. It is a great opportunity for people striving for the banking sector. The Federal Bank with its headquarters at Aluva, Kerela, is the major Indian commercial bank. Starting your career with this bank will give you lots of opportunities for personal and professional growth.
Federal Bank provides a decent salary and a lot of other perks and benefits. The bank has many branches and ATMs across the country. The Federal Bank launched the first electronic passbook, FedBook, in India. It is a mobile application through which the customers can view their passbook details. It was the first Indian bank to introduce an automated chat facility. The federal bank has sponsored an ODI between India and SriLanka and was the principal sponsor of Kochi Tuskers, Kerela. Such a reputed bank it is. Therefore, it provides a handsome salary to its clerical staff as well.
Federal Bank Clerk Job profile
The clerical level is the entry level in the banking sector. A clerk forms the building blocks of any reputed bank. A Federal Bank clerk you will get to learn a lot about how the different departments of the bank work. A clerk has to deal with customers, provide customer support and services. He is assigned the duty of helping the customers with opening bank accounts, issuing checkbooks, informing the customers regarding various rules and regulations, check and verify the KYC norms of the Reserve bank of India. A clerk has to maintain these records depending on his specialist fields. He needs to be very careful regarding every action taken within the bank, from a loan being passed to a cheque being encashed.
Federal Bank Clerk Salary Structure
Federal bank conducts an online aptitude test for the eligible candidates in a specific format. The basic pay of the Federal bank clerk is 13,075/-. The other allowances depend on the Basic Pay as well as the location the clerk is posted in. A clerk in the metropolitan city is paid slightly higher than the one in rural areas. The annual CTC of a Federal bank clerk ranges from 3.99 lakhs to 4.41 lakhs. The employees of the Federal Bank lead a stable life.
Federal Bank Clerk salary | Overview
|Name of the Bank||Federal bank|
|Name of the Post||Federal Bank Clerk|
|Stages of Examination||Two (Preliminary/Mains)|
|Pay Scale||11765 – 655/3 – 13730 – 815/3 – 16175 – 980/4 – 20095 – 1145/7 – 28110 – 2120/1 – 30230 – 1310/1 – 31540|
|Allowances||Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Medical Allowance|
The Federal Bank job provides immense job satisfaction. There are internal exams for promotions to higher level posts. It provides a good working atmosphere for the employees. It takes care of its employees. It is one of the finest banks to work with.
The clerical staff is not looked down nowadays. It takes an entrance exam to acquire the post. The aspirants need to work hard to qualify for the examination. The application forms for Federal Bank clerical level will be available in the month of August. Grab the opportunity to work in a highly reputed bank with a handsome pay in hand.