Best In Class Benefits - Careers
BEST IN CLASS
BENEFITS PERKS
Compensation
There are several perks associated with working with the biggest bank of India. One of the most attractive feature is the best in class entry level compensation package that we offer to the probationary officers. We offer the highest entry level compensation in the banking industry.
The total compensation per annum for a Probationary Officer would be a minimum of Rs. 7.55 lacs and maximum of Rs. 12.93 lacs depending on place of posting and other factors. This includes leased rental accommodation, conveyance allowance etc.
Housing
The compensation includes housing rent allowance or leased rental accommodation where the employees get housing rent as a part of their package. This becomes more prominent as the employee move up the career ladder. Bank also provides accommodation at certain places for the Clerical Staff.
Medical Benefits
Health and well-being of our employees and their families is important to us and we take care of your medical expenses. Medical benefits (100% for the employee and 75% for dependent family) form a key component of the overall package. The Bank also provides group insurance over and above the compensation package.
Leave Policy
You are provided with attractive leave policies, which includes 33 days of privilege leave and 12 days of casual leave annually along with sick leave and maternity leave. Women and single men with children or aged parents have the provision to take sabbatical leave of up to 2 years.
Travel
The employees get leave travel concession to visit places within India. Holiday homes and Bank's guest houses are available for the employees at major cities and tourist destinations.
Other benefits
As employees, the Bank provides Housing Loan, Car Loan & Personal Loans on concessionary rate of interest. Also, the bank recognizes and promotes merit by providing scholarships to the meritorious children of all employees. Pension by the bank helps the employee lead a comfortable life post retirement.