Last updated on April 14th, 2023 at 10:42 am
The Andhra Pradesh State Cooperative Bank Limited has released the APCOB Manager Salary Structure for 2023. (APCOB). Candidates interested in the position should read the entire APCOB Manager Job Profile to learn more about it. The wage structure and pay scale for APCOB Managers are provided in the article below and the Pay Matrix. Candidates must read all the details to learn more about the APCOB Manager Salary.
APCOB Manager Salary: Highlights
|Organization Name||The District Cooperative Central Bank Ltd, Vizianagaram|
|Job Name||Assistant Manager & Manager|
APCOB Manager Salary: Annual package
The APCOB Manager salary structure is created by the Andhra Pradesh State Cooperative Bank Limited in accordance with the bank’s Pay Matrix, which includes a Pay Band, Grade Pay, Allowances, and Level. After completing the probation period, candidates selected for the position of APCOB Manager will receive an annual salary of Rs.7-8 lakhs.
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APCOB Manager Salary: In hand
The Andhra Pradesh State Cooperative Bank Limited determines the APCOB Manager’s Salary. Candidates chosen for the position will be paid a monthly stipend of approximately Rs.60943/-. The candidates’ in-hand salary is significantly increased along with the basic pay and allowances. After completing the probation period, the candidates will be eligible for raises.
The first four stagnation increments will be released after every two years of service, with the first two being Rs.1990/- each and the following two being Rs.2220/- each. The fifth stagnation increment of Rs.2220/- will be granted two years after the fourth stagnation increment.
APCOB Manager Salary: Salary slip
APCOB releases monthly salary slips for its Manager post employees, which contain details such as salary, allowances, and deductions. These salary slips are important for employees as they can use them to apply for loans and other personal needs.
APCOB Manager Salary: Job profile
As an APCOB Manager, you will be responsible for the following responsibilities. You will be informed and detailed about the work profile once the positions have been assigned. Shortlisted applicants will be evaluated on their performance in the following tasks, according to the APCOB Manager Job Profile:
- The department’s development.
- Workforce health and safety.
- Manage the department’s overall operational, budgetary, and financial responsibilities and activities.
- Other duties and responsibilities may be assigned.
- Plan and carry out systems that allow the department to accomplish its mission and goals efficiently and effectively.
APCOB Manager Salary: Perks and Additional Benefits
Many candidates want to work in India’s government sector because it provides stable employment with numerous benefits and privileges. After a two-year probation period, candidates can fully enjoy the benefits of the job profile. Some of the benefits are as follows:
- Paid holidays
- Government accommodation
- Transport facility or vehicle
- Increments and incentives
- Ample paternal and maternal leave
- Job training
- Medical facilities
- Fixed personal pay
- Professional development
- Leave and travel concession
- Health insurance
- Child safety
APCOB Manager Salary: Probation period
At APCOB, the probation period refers to the duration during which newly recruited candidates work before becoming permanent employees. During this period, their superiors closely monitor their work ethics and performance. For the Manager post, the probation period is two years, with the first six months reserved for training. Once this period is over, candidates become eligible for all the job perks and benefits.
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APCOB Manager Salary: Career Growth and Promotion
All candidates who work for the government have a good chance of progressing in their careers. After completing their probation period and being hired, candidates will receive additional benefits, bonuses, and promotions based on their performance at the bank. This improves not only their living conditions but also their professional standing. Candidates are given regular training sessions to help them expand their expertise and knowledge. The experience benefits the employee’s résumé and the candidates’ professional advancement.
APCOB Manager Salary: FAQs
The APCOB Manager Salary slip is released every month by an APCOB Officer. It has various details mentioned, such as the allowances granted to the employee for the month, the deductions, the employee’s salary, and so on.
The APCOB Manager post has certain allowances such as dearness, house rent, medical, and refreshment.
Candidates chosen for the position will be paid a monthly salary of approximately Rs.60943/-.
The salary increment for APCOB Managers over time may vary based on performance and experience and the bank’s policies and regulations. However, with experience and good performance, Managers can expect a significant increase in their salary and benefits.
Yes, APCOB provides regular training and development opportunities for its employees, including Managers, to enhance their skills and knowledge.