The NHB Assistant Manager Salary 2024 includes the entitlement given to the Assistant Manager across the country as a monthly salary. The aspiring candidates applying for the exam must know that after selection they will be entitled for a basic salary which will range INR 23, 700 (per month). The NHB Assistant Manager in hand salary after deductions and allowances will range around INR 44,143 per month. The salary will be according to the 7th pay commission. This will include all the perks & allowances such as dearness allowance, house rent allowance, medical allowance etc.
Apart from this, they will have to perform several important duties as a NHB Assistant Manager officer. In addition to being a noble job that promotes the handling day to day operations of banking services & conducting training sessions. The job role of NHB Assistant Manager offers a competitive benefits package. Examine the salary, job profile and in-hand salary specifics closely from the article below.
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NHB Assistant Manager Salary 2024
You must gauge the salary specifics thoroughly in order to avoid any errors. There is an in-hand salary with allowances as an entitlement for all the NHB Assistant Manager officers. Apart from that, the salary will be according to the 7th Pay Commission. Moreover, the candidates after selection will have to perform several important duties as National Housing Bank Assistant Manager officers. The basic pay band of the Assistant Manager will range around INR 44, 143 (per month) according to the scale of the manager. To know more about the salary, and continue reading the article.
| NHB AM Salary Details 2024 | |
| Scale of Post | I |
| Pay Scale | INR 36000 – 1490/7 – 46430 – 1740/2 – 49910 – 1990/7-63840 |
| Gross Emolunmnents | INR 60,056.72 |
NHB Assistant Manager In-hand Salary 2024
The candidates who are interested in applying for the post of NHM Assistant Manager officers will be getting an entitlement as a monthly salary. They will be eligible for this after clearing the selection stages. the basic salary will range around INR 23, 700. This implies that the In-hand salary will be around INR 44, 143 per month. They can expect deductions such as Provident Fund (PF), Professional Tax, and other applicable deductions.
NHB Assistant Manager Salary Slip
The National Housing Bank Assistant Manager salary slip is a very crucial document which provides a detailed vision of their monthly earnings and deductions. The salary slip will consist of details about the basic pay, and allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), and Special Allowance. It also specifies the overall earnings. Deductions such as Provident Fund (PF), professional tax, and income tax, etc. The salary slip will provide transparency and helps in showing the net salary credited to the employees after accounting for all earnings and deductions.
NHB Assistant Manager Allowances
As with any government job, there are numerous benefits associated with a National Housing Bank Assistant Manager’s position. A NHB Assistant Manager officer’s salary includes perks that are entitled to be included in the compensation package for employees. A few of them are housing allowances, dearness allowances, pensions, etc. For more information, see the section below.
- Dearness Allowance (DA): This allowance is given out to offset inflation and is updated on a regular basis in accordance with the cost of living index.
- House Rent Allowance (HRA): This amount varies by posting city and is given to pay rental expenses. Whether the posting is in an urban, semi-urban, or rural location will determine the HRA proportion, which can be anything between 8% and 24% of the base pay.
- Medical stipend: To help with medical costs for the Assistant Managers and their family, a set monthly stipend is provided.
- Transport Allowance: This benefit pays for transportation costs and is based on the distance and posting place.
- Allowance for Uniform Maintenance: The department reimburses officers to keep their uniforms up to date and in compliance.
- Generous leave entitlements ensure ample time for relaxation.
NHB Assistant Manager Job Responsibilities
The NHB assistant managers will play a very crucial role in the housing domain and they have huge responsibilities which ensures the smooth functioning of several banking services in rural & urban areas. Their duties include the following:
- Assisting and daily reporting directly to the manager.
- Oversee day-to-day operations of the Bank and aid in implementation of several payroll activities.
- Providing constant feedback to the staff.
- Prepare and present reports on project progress, outcomes, and performance metrics.
- Monitor and manage budgets for banking programs, ensuring optimal use of resources.
- Organize and conduct training sessions for staff to enhance their skills and knowledge.
- Ensure all activities comply with relevant regulations, and standards.
- Assist in the implementation of policies and programs in line with national housing objectives.
- Allocate resources efficiently to support various initiatives and programs.
NHM Assistant Manager Job Growth
The candidates after selection for the post of Assistant Managers for the National Housing Bank will be getting multiple growth opportunities. The National Housing Bank offers varied opportunities for career growth and advancement within its organizational structure. The National Housing Bank Assistant Manager employees can progress through various stages based on their performance and seniority through promotions. They can also try for departmental exams to switch to higher positions. Moreover, they may also have opportunities to take up supervisory roles, pursue higher education through study leave options, and participate in departmental exams for career enhancement. Catch a glimpse of the career options which will open for you after gaining a notable experience as an assistant manager:
| Post | Grade |
| Executive Director | Special Grade |
| General Manager(s) (Scale VII) | Top Executive Grade |
| Deputy General Managers (Scale VI) | Top Executive Grade |
| Asst. General Managers (Scale V) | Senior Management Grade |
| Regional Managers (Scale IV) | Senior Management Grade |
| Managers (Scale III) | Middle Management Grade |
| Deputy Managers (Scale II) | Middle Management Grade |
| Assistant Managers (Scale I) | Junior Management Grade |
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Hopefully, this information was useful for all the aspiring candidates preparing for the government exams. Check DailyExamNews to stay informed about the latest recruitments, tests, vacancies, and developments regarding government exams.