Tamilnad Mercantile Bank Ltd. (TMB) is a well known bank in India, and its recruitment drives are often highly anticipated by banking professionals. The bank has announced its 2023 recruitment drive, requesting applications for Probationary Clerks and Specialist Officers. Everything you need to know about the TMB Recruitment 2023 is right here.
TMB Salary Structure for 2023
| Description | Yearly | Monthly |
|---|---|---|
| Basic Salary | Rs. 3,24,000.00 | Rs. 27,000.00 |
| Other Allowances (25% of salary) | Rs. 81,000.00 | Rs. 6,750.00 |
| Gross Salary | Rs. 4,05,000.00 | Rs. 33,750.00 |
| NPS Bank Contribution (14% of salary) | Rs. 45,360.00 | Rs. 3,780.00 |
| Gratuity (6% of salary) | Rs. 19,440.00 | Rs. 1,620.00 |
| Medical Insurance | Rs. 20,016.00 | Rs. 1,668.00 |
| Fixed CTC | Rs. 4,89,816.00 | Rs. 40,818.00 |
| Variable Pay (Based on performance appraisal – at present maximum 40% of salary) | Rs. 1,29,600.00 | Rs. 10,800.00 |
| Total CTC | Rs. 6,19,416.00 | Rs. 51,618.00 |
Examination Centre
| Centre of Examination | |||
|---|---|---|---|
| Port Blair | Mehsana | Guntur | Indore |
| Chennai | Rajkot | Raipur | Mumbai |
| Hyderabad | Bengaluru | Surat | Pune |
| Vijayawada | Mangaluru | New Delhi / Delhi NCR | Visakhapatnam |
| Gulbarga | Ahmedabad | Roorkee | Jaipur |
| Ludhiana | |||
TMB Recruitment 2023 Download Official Notification
Allowances
Aside from the minimum salary, clerks are eligible to a variety of perks based on their location. Among these allowances are:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- Transport Allowance (TA)
- Medical Allowance
- Special Allowance
- City Compensatory Allowance (CCA)
- Children Education Allowance (CEA)
- Leave Travel Allowance (LTA)
- Conveyance Allowance
- Traveling Allowance
- Overtime Allowance
TMB Recruitment Details
| Attribute | Details |
|---|---|
| Organization | Tamilnad Mercantile Bank Ltd. |
| Exam Name | TMB Clerk Exam 2023 |
| Post | Probationary Clerks |
| Vacancy | 72 |
| Salary Amount | Rs. 6,19,416.00 Per Year |
| Selection Process | Written test and Interview |
| Official website | TMB Official Website |
Career Growth
A clerk at TMB is crucial since they are the bank’s face, working directly with customers and monitoring cash transactions. A clerk’s career progression in TMB is as follows:
- Bank Clerk
- Officer / Assistant Manager
- Manager
- Senior Manager
- Chief Manager
- Asst. General Manager
- Deputy General Manager