Utkal Cooperative Bank Salary 2025
Utkal Cooperative Bank Salary 2025 for Junior Accounts Associate includes a pay scale of Rs. 5,200 – Rs. 20,200 with additional allowances. Get details on in-hand salary, perks, and benefits.
Ananya Gupta4 Feb, 2025
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Utkal Cooperative Bank Salary 2025: The Utkal Cooperative Bank has announced 20 vacancies for the Junior Accounts Associate position in 2025. Candidates applying for this role must be aware of the salary structure, allowances, perks, and job profile before appearing for the recruitment process.
In this article, we will provide detailed insights into the Utkal Cooperative Bank Salary 2025, including the pay scale, allowances, and career growth opportunities for Junior Accounts Associates.Utkal Cooperative Bank Salary 2025 Overview
The Utkal Cooperative Bank Recruitment 2025 is a great opportunity for individuals who want to start a career in the banking sector . The bank provides a competitive salary package along with additional benefits and growth opportunities. Here’s an overview of the salary details :| Utkal Cooperative Bank Salary 2025 Overview | |
|---|---|
| Position | Junior Accounts Associate |
| Pay Scale | ₹5,200 – ₹20,200 |
| Grade Pay | ₹2,400 |
| Dearness Allowance (DA) | 203% of Basic Pay |
| Total Monthly Salary (Approx.) | ₹24,940 |
Utkal Cooperative Bank Salary Structure 2025
The Utkal Cooperative Bank Junior Accounts Associate salary consists of multiple components, which include:Basic Pay
- The initial basic pay ranges from ₹5,200 to ₹20,200 , based on experience and years of service.
Grade Pay
- Employees receive an additional ₹2,400 as part of their grade pay .
Dearness Allowance (DA)
- The DA is 203% of the Basic Pay , which significantly increases the overall monthly salary.
Gross Salary Calculation
- Basic Pay: ₹20,200
- Grade Pay: ₹2,400
- Dearness Allowance: Rate of 203
- Total Monthly Salary: ₹24,940
Utkal Cooperative Bank Additional Allowances & Perks
Apart from the basic salary , employees receive several allowances and benefits, including:- Dearness Allowance (DA): 203% of the basic pay, revised periodically.
- House Rent Allowance (HRA): Varies based on posting location.
- Medical Allowance: Covers health expenses for employees and their families.
- Transport Allowance: Provided for daily commuting expenses.
- Provident Fund (PF): A part of the salary is contributed to the PF for retirement benefits.
- Leave Benefits: Includes casual leave, sick leave, and earned leave.
- Bonus & Incentives: Performance-based bonuses and annual incentives.
Utkal Cooperative Bank Junior Accounts Associate Job Profile
The Junior Accounts Associate at Utkal Cooperative Bank is responsible for various banking and financial operations . Some of the key responsibilities include:- Managing Financial Records: Maintaining accurate and updated transaction details.
- Handling Banking Transactions: Assisting in deposits, withdrawals, and account management.
- Preparing Financial Reports: Helping in preparing financial and banking reports.
- Verifying Account Details: Ensuring that all transactions comply with banking policies.
- Customer Assistance: Assisting customers with their account-related inquiries.
- Supporting Senior Officials: Helping with daily banking operations and financial audits.
Utkal Cooperative Bank Salary 2025 FAQs
What is the salary range for a Junior Accounts Associate at Utkal Cooperative Bank?
The salary ranges from ₹5,200 to ₹20,200, with additional Dearness Allowance (203%), making the total monthly salary ₹24,940 approximately.
Are there any additional allowances apart from the basic pay?
Yes, employees receive DA, HRA, Transport Allowance, Medical Allowance, PF, and Leave Benefits.
Does the salary increase over time?
Yes, salary increments occur based on performance, experience, and bank policies.
What are the key responsibilities of a Junior Accounts Associate?
The main responsibilities include managing financial records, handling banking transactions, assisting customers, preparing reports, and supporting senior staff.
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