Salary is an important factor that attracts the attention of every candidate when the recruitment notification is announced. Candidates are eager to know the Punjab and Sindh SO salary after the recruitment notification is released for 213 Specialist Officer vacancies. Punjab and Sindh SO Salary 2024 offers many allowances and perks apart from the basic salary. This article provides authentic information about the salary as well as other important details.
Punjab & Sindh SO Salary 2024
Punjab & Sindh SO Salary is one of the factors that attracts candidates to apply for Punjab & Sindh SO Recruitment 2024. It is a great opportunity for all candidates to join a public sector bank with relevant qualifications. As per the notification, the salary for Specialist Officers varies scale-wise. Here in this place candidates can get all details about Punjab & Sindh SO Salary 2024 along with job profile and career growth.
Punjab & Sindh SO Salary: Overview
Here is a brief overview of the Punjab & Sindh SO Salary 2024. Candidates preparing for the Specialist Officer posts can get all the important details in the table below.
| Punjab & Sindh SO Salary 2024 | |
| Organization | Punjab And Sindh SO Bank |
| Name of the Exam | Punjab & Sindh SO Exam 2024 |
| Post | specialist officer |
| Vacancy | 213 |
| Social class | Salary |
| pay scale | Varies as per post |
| official website | punjabandsindbank.co.in |
| whatsapp official channel | Join Our Social media |
| Telegram Official Channel | Join Our Social media |
Punjab & Sindh SO Salary Structure 2024
As per the Punjab and Sindh SO Salary Structure 2024 mentioned in the notification, the pay structure varies scale-wise. The basic pay for Officer- JMGS I, Manager- MMGS II, Senior Manager- MMGS III, and Chief Manager- SMGS IV is available scale-wise as well as post-wise. The detailed pay structure for all the four grades is given below.
| Punjab & Sindh SO Salary 2024 | |
| Rank | pay scale |
| Officer (JMGS I) |
Rupee. 48480-2000/7-62480-2340/2-67160-2680/7-85920 |
| Manager (MMGS II) |
Rupee. 64820-2340/1-67160-2680/10-93960 |
| Senior Manager (MMGS III) |
Rupee. 85920-2680/5-99320-2980/2-105280 |
| Chief Manager (SMGS IV) |
Rupee. 102300-2980/4-114220-3,360/2-120940 |
Punjab & Sindh SO Salary 2024: Perks and Benefits
Apart from the Punjab and Sindh SO Salary 2024, the selected candidates are also given many allowances and benefits that make the salary really attractive. Here are the details about the allowances and benefits offered as a part of the Punjab and Sindh SO Salary.
- DA (Dearness Allowance), HRA (House Rent Allowance) and Leased Accommodation (if applicable) will be paid as per the scale and location as per prescribed norms of the Bank.
- CCA (City Compensatory Allowance) will be granted based on the place of posting.
- Medical benefits, including reimbursement of medical expenses, will be provided as per prevailing rules.
- LTC (Leave Travel Concession) benefits will be provided as per Bank’s policies.
- Terminal benefits like gratuity, provident fund and pension will be provided as per existing rules and regulations.
- Other facilities, such as mobile allowances or fuel allowances, will be given based on the bank’s policies and guidelines.
- The exact details of these allowances and facilities may vary and are subject to the rules and regulations in force at the time of employment.
Punjab & Sindh SO Salary 2024 Bond Amount & Probation Period
After selection, candidates must sign an indemnity bond with a surety, pledging their commitment to serve the bank for a specified period. If a candidate resigns, quits, or fails to perform their assigned duties, resulting in termination of service as per the bank’s rules before the specified period, they will be responsible to reimburse the bank for any losses, costs, charges, and expenses incurred up to the specified amount mentioned in the bond. Before joining the bank, selected officers are required to complete the execution of an indemnity bond. Here are the details about the bond amount and probation period.
| Punjab & Sindh SO Salary 2024: Bond Amount & Probation Period | |||
| scale | Bond Amount | Bond Duration | |
| SMGS-IV | 3 months gross pay in the relevant officer scale (Initial Basic + Dearness Allowance upto the date of resignation + Special Allowance + Dearness Allowance on Special Allowance) | 2 years | 1 year |
| MMGS-III | 2 years | 1 year | |
| MMGS-II | 2 years | 1 year | |
| JMGS-I | 3 years | 2 years | |
Punjab & Sindh SO Job Profile
Looking at the Punjab and Sindh Bank Job Profile 2024, the allocation to various posts will be decided according to the qualified results of the students. According to the posts, they have to handle roles and responsibilities. Here we have given a table about the posts and their profile which you must read.
| Punjab & Sindh SO Job Profile |
|
| Post | profile |
| IT Officer in JMGS I | Managing the organization’s IT infrastructure, overseeing a variety of processes such as configuration, installation, and maintenance. |
| Rajbhasha Officer in JMGS-I | Ensuring commitment to language policies and guidelines laid down by the government or authority. |
| Software Developer at JMGS I | The main responsibility will be to develop, design and integrate well-featured software apps. |
| Legal Manager in MMGS-II | The Law Manager will ensure the organization is regulated with application laws and industry standards. |
| Chartered Accountant in MMGS II | The CAs will ensure that they present authentic financial reports as per the accounting standards. |
| IT Manager in MMGS-II | IT Managers will be responsible for maintaining good networking of IT infrastructure, software, hardware, networks, etc. |
| Security Officer in MMGS-II | Security officers are responsible for making the organization more secure with the right risk management factors. |
| Digital Manager in MMGS-II | Responsible for monitoring and researching the performance of digital initiatives. |
| Foreign Exchange Officer in MMGS-II | Responsible for foreign exchange and execution of transactions. |
| Marketing Officer / Relationship Manager in MMGS-II | Marketing executives will manage the marketing strategies of the organization. They will analyze customer behavior, trends, and the competitive field. |
| Technical Officer in MMGS-III – Civil | Manages civil engineering initiatives and projects governed by the organization. |
| Chartered Accountant in MMGS III | Provide accurate financial reports in accordance with accounting principles. |
| Treasury Dealer in MMGS-III | The cash flow and liquidity of the organization will be managed by treasury dealers. |
| Economist Officer in MMGS-III | Economic strategies and policies will be evaluated by economist officers. |
Punjab & Sind Bank SO Career Growth & Promotion
Students selected in the Punjab and Sindh Bank exam will be given many entitled benefits. Looking at the Punjab and Sindh Bank SO Salary 2024, candidates must have estimated its supremacy. Moreover, Punjab and Sindh Bank will promote career goals and eventually provide the best salary package. Candidates will also get the best employment security. According to their dedication, values, seniority, and performance they will get salary hikes and they will become permanent employees. Therefore, Punjab and Sindh Bank gives a highly rated job position with commendable salary structure.
