Exams Salary Andhra Pradesh State Cooperative Bank Assistant Salary: Perks and Benefits

Written By sakshi
Last Modified 30-01-2023

Andhra Pradesh State Cooperative Bank Assistant Salary: Perks and Benefits

The Andhra Pradesh Cooperative Bank (APCOB) conducts an online written exam and interview to recruit staff assistants. Those who pass the final stage of the exam will be considered qualified or will be hired as Staff Assistants in various branches of the bank.

Staying motivated throughout the preparation phase is essential because it is very challenging to clear all these stages of the APCOB assistant selection process. Knowing the salary structure of the APCOB assistant can help you with that. In this article, we will discuss the salary, perks and benefits that APCOB provides you after being selected for the post of assistant.

Andhra Pradesh State Cooperative Bank Assistant Salary 2023

APCOB is the authority that determines the AP Cooperative Bank Assistant salary. Those chosen for the position of Assistant will receive a monthly stipend of around Rs. 32,854/-. In addition to their base pay and benefits, the candidates also receive an increase in their in-hand salaries. Candidates will be qualified for a pay increase once their probationary period is over.

The first two raises will be given out after every two years of service, with the first two raises being Rs. 1,990 each and the next two raises being Rs. 2,220 each. The fifth stagnation increment, worth Rs. 2,220, would be given out two years after the fourth stagnation increment.

Andhra Pradesh State Cooperative Bank Assistant Perks and Benefits

Additional advantages, perks, and allowances are available to the chosen applicants in addition to the base salary. According to the 7th CPC, APCOB personnel are eligible for the following benefits:

Conveyance allowance
Telephone bill reimbursement
Medical reimbursement
Medical allowance
Contributory PF
Leave encashment
Newspaper allowances
LTC
Medical aid

FAQs About APCOB Assistant Salary

Here are the most frequently asked questions about Andhra Pradesh State Cooperative Bank Assistant salary:

Q: What is the monthly stipend received by those selected for the Andhra Pradesh State Cooperative Bank Assistant position?

Ans: Those chosen for the position of assistant will receive a monthly stipend of around Rs.32,854/-.

Q: Does an Andhra Pradesh State Cooperative Bank Assistant get an increment in salary after joining the bank?

Ans: The first two raises will be given out after every two years of service, with the first two raises being Rs. 1,990 each and the next two raises being Rs. 2,220 each.

Q: Will I be eligible for a conveyance allowance if I join Andhra Pradesh State Cooperative Bank as a staff assistant?

Ans: Yes, Andhra Pradesh State Cooperative Bank personnel are eligible for a conveyance allowance.

Q: Does Andhra Pradesh State Cooperative Bank provide medical aid to a Staff Assistant?

Ans: Yes, Andhra Pradesh State Cooperative Bank provides medical aid to its Staff Assistants.

Q: When will I be eligible for the fifth stagnation increment after joining the Andhra Pradesh State Cooperative Bank as a Staff Assistant?

Ans: The fifth stagnation increment, which is worth Rs. 2,220, would be given out two years after the fourth stagnation increment.

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