NHB Salary 2023, Structure, Perks & Allowances

NHB Salary 2023

National Housing Bank (NHB) has recently issued a recruitment notification for various posts, including Chief Financial Officer, Senior Project Finance Officer, and Project Finance Officer, offering a total of 43 vacancies. The NHB Salary 2023 is not only attractive but also aligns with the best salaries offered in the government sector. The official notification specifies salary details for different posts based on their respective grades. Additionally, selected candidates will be eligible for various allowances and benefits. In this article, we provide a comprehensive overview of the NHB Salary 2023.

NHB Salary 2023 Structure

The NHB Salary 2023 information is outlined in the official notification. Officers selected as Senior Project Finance Officers and Project Finance Officers have the opportunity to earn a six-digit salary, accompanied by allowances that cover day-to-day expenses related to their roles. Below, we delve into the details of NHB Salary 2023.

NHB Salary 2023 Overview

The NHB Recruitment 2023 has been announced for various contractual and regular positions. Here’s a brief overview of NHB Salary 2023, along with essential details related to the examination.

NHB Salary 2023

  • Organization: National Housing Bank
  • Exam Name: NHB Exam 2023
  • Posts: Various
  • Category: Salary
  • Vacancies: 43
  • Job Location: All across India
  • Application Mode: Online
  • Official Website: www.nhb.org.in

NHB Salary 2023 Amount

For Senior Project Finance Officers and Project Finance Officers, the monthly salary falls within the range of 2.5 to 3.5 lakhs. Details of salaries for other posts according to their grade are as follows:

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PostScale of Pay
General Manager Scale – VIIRs. 116120 – 3220/4 – 129000
Deputy General Manager Scale – VIRs. 104240 – 2970/4 – 116120
Assistant General Manager Scale -VRs. 89890 – 2500/2 – 94890 – 2730/2 – 100350
Deputy Manager Scale – IIRs. 48170 – 1740/1 – 49910 – 1990/10 – 69810
Assistant Manager Scale-IRs. 36000 – 1490/7 – 46430 – 1740/2 – 49910 – 1990/7-63840

Post (Contractual) Details

PostDetails
Chief EconomistMarket-linked compensation of Rs. 5 lakhs per month (with a fixed pay of Rs. 3.75 lakhs and variable pay of Rs. 1.25 lakhs). The variable pay is linked to performance rating. For outstation duty, traveling and halting allowances will apply as per Scale – VII officers of the Bank. The contract period is initially for 3 years, subject to yearly review, extendable up to a maximum of 5 years (one year at a time) or until 65 years of age, whichever is earlier.
Senior Application DeveloperRs. 1.25 lakhs per month (consolidated)
Application DeveloperRs. 0.85 lakhs per month (consolidated)
Senior Project Finance OfficerFixed compensation of Rs. 3.5 lakhs per month. For outstation duty, traveling and halting allowances will be as applicable to TEG Scale VI cadre (IBA Scale). The contract period is initially for 3 years, subject to yearly review, extendable up to a maximum of 5 years (one year at a time) or until 65 years of age, whichever is earlier.
Project Finance OfficerFixed compensation of Rs. 2.5 lakhs per month. For outstation duty, traveling and halting allowances will be as applicable to Scale IV cadre (IBA Scale). The contract period is initially for 3 years, subject to yearly review, extendable up to a maximum of 5 years (one year at a time) or until 65 years of age, whichever is earlier.
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NHB Salary 2023 Allowances

In addition to the mentioned salary, selected candidates for these posts will receive various benefits, including bank-provided housing or a housing allowance (if available), medical expense reimbursement, phone/mobile expense coverage, a knowledge allowance, assistance with residential furnishing, conveyance allowance, and more, based on eligibility. They may also have access to benefits such as housing loans, vehicle loans, festival advances, leave encashment, and coverage under the National Pension System, as per the prevailing rules. All of these benefits are in addition to the monthly salary mentioned above.

NHB Job Profile

The NHB Recruitment includes various posts, each with its unique job profile. For detailed information regarding job roles at NHB, candidates are advised to refer to the official NHB 2023 PDF, which contains comprehensive details about the roles and responsibilities associated with each position.

NHB Career Growth

National Housing Bank is a 100% government-owned financial institution involved in mega-building projects. There is substantial scope for career growth and learning, along with an opportunity to contribute to the growth of the housing sector. For specific details on career growth and advancement, candidates can refer to the official PDF provided by NHB.

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