Clerk Promotion Policy in PSU Banks - Detailed Report

Clerk Promotion Policy
Candidates those who had wished for the promotion from Clerk to the upper-level officer in Public Sector Undertaking Bank, then you are required to read these policies. We have arranged the various policies regarding promotion that every PSU work in order to give the promotion to their Clerical Employee. Read out the full article and apply for promotion accordingly.

Read: IBPS Calender

Everyone needs promotion from their present post to upper-level posts. Candidates work hard in their respected organization in order to achieve that post and increment in salaries and various allowance, perks and attractive facilities that are given by the various Banks to their employees. In promotion, various facilities are also upgrades.

Clerk Promotion Short Details in PSU Bank

Name of Organization	Public Sector Undertaking
Name of Post	Clerk
Category	Promotion Reports

 Read: Online Test Series

Promotion Policy:
Candidates, who want promotion from Clerical to upper post in Public Sector Banks, then follow these policies:

• You need to apply for the promotion test and appeared for examination as well.
• Candidates who are working as a Clerk in any PSU bank across the country would have to appear in their service for at least two years period in order to be eligible for promotion.
• Note: There are two channels for clerical for promotion

1. Normal/Seniority channel
2. Merit/Fast track channel

• Normal/Seniority channel the employee has to qualify written exam and on the basis of his experience and seniority in the services of the Bank.
• Under Merit/ Fast track Channel 2 years’ minimum service as a clerk with a JAIIB and CAIIB diploma conducted by Indian Institute of Banking and Finance (IIBF) is must with graduate/post graduate degree.

Read: Tips to Crack IBPS PO in One Attempt

Benefits of Clerical to Upper Promotion: 

1. Clerical employee becomes a confirmed employee as an officer from the first day of the promotion.
2. Need to serve Probation period only for 1 year as a PO.
3. Upon clearing the tests JAIIB and CAIIB, could get 3 increments (1 for JAIIB and 2 for CAIIB) and consequently their salary would be on the rise as well.
4. Qualifying these examinations also allows candidates to secure the home state retaining power after they get promoted.
5.  Eligible for higher Loans like Staff Housing Loan for Officer is 50 Lakhs as compared to Clerks 30 lakhs and sub-staff 20 Lakhs in Indian Bank.

Read: Bank Interview Questions and Tips

Allowances & Perks
Allowances-

1. Dearness Allowance: The last Revised DA for the quarter of November and December 2015 and January 2016 is 39.80% of the Basic Pay.
2. Special Allowance: In the latest revision, a special allowance has been added to the salary structure of Bank PO. And it is 7.75% of the Basic Pay.
3. House Rent Allowance (HRA): This varies according to Bank PO’s place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.
4. City Compensatory Allowance (CCA): This also depends on the place of posting and can be either 4% or 3 % or 0%.

Read: SBI Clerk Vs IBPS Clerk Careers and Salary Comparison

Perks:

1. Leased Accommodation
2. Traveling Allowance: Few banks provide fixed Traveling Allowance
3. Newspaper Reimbursement
4. Medical Aid (Revised amount is Rs 8000/- p.a.)
5. Benefits under New Pension Scheme.

These are all about perks and promotion policies that candidates who want get a promotion to their upper posts, need to keep these policies in their mind. We hope that you have got all information regarding the promotion policy and increments in their salaries.

Read: IBPS RRB Office Assistant Salary

Advertisement