Tamilnad Mercantile Bank Specialist Officer (IT) Salary Tamilnad Mercantile Bank (TMB) offers competitive salary packages for its Specialist Officer (IT) roles, with a well-structured remuneration package that includes both fixed and variable benefits. This comprehensive salary structure outlines the gross earnings and additional perks, making the position highly attractive for candidates in the banking sector. Below is a detailed breakdown of the salary components, job profiles, allowances, and perks.
Tamilnad Mercantile Bank Specialist Officer (IT) Salary 2025
The selected candidates for the Tamilnad Mercantile Bank (TMB) Senior Customer Service Executive (SCSE) vacancy will receive a competitive salary package. The monthly basic salary for SCSEs is set at Rs. 32,000. The total fixed Cost to Company (CTC) for the position is Rs. 6,72,740 annually, which equals approximately Rs. 56,061.67 per month. This CTC is composed of both fixed pay and various allowances, ensuring a steady income for employees while offering a promising career path at one of India’s leading private sector banks. Additionally, employees are eligible for an annual performance-based evaluation, which could result in a bonus equivalent to 50% of their basic salary. This performance incentive brings the total annual income to Rs. 1,92,000, further enhancing the overall compensation package.
Tamilnad Mercantile Bank Specialist Officer (IT) Salary 2025 Details
| Recruiter |
Tamilnad Mercantile Bank |
| Post Name |
Specialist Officer (IT) |
| Basic Salary |
Rs 36000 |
| Monthly Pay |
Rs 81000 (Approx) |
| Allowances |
As per rules |
| Category |
Salary |
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In-Hand Salary for TMB Specialist Officer
The gross monthly salary, including allowances, amounts to Rs. 71,280, or Rs. 855,360 annually. Additionally, contributions to the National Pension Scheme (NPS), gratuity, and medical insurance add extra value to the compensation package.
Fixed CTC and Variable Pay The fixed CTC, which includes all fixed benefits, totals Rs. 968,448 annually, or Rs. 80,704 monthly. Additionally, based on performance, employees are eligible for a variable pay of up to 70% of their salary, capped at Rs. 3.50 lakh per year. With the inclusion of variable pay, the total CTC reaches Rs. 1,270,848 annually, or Rs. 1,05,904 monthly.
TMB Specialist Officer Pay Structure
The monthly salary begins with a basic pay of Rs. 36,000, complemented by allowances such as 65% of the basic salary and House Rent Allowance (HRA) at 33%, which contribute significantly to the overall package.
| Component |
Annual Pay |
Monthly Pay |
| Basic Salary |
Rs. 432,000 |
Rs. 36,000 |
| Other Allowance (65% of Salary) |
Rs. 280,800 |
Rs. 23,400 |
| HRA (33%) |
Rs. 142,560 |
Rs. 11,880 |
| Gross |
Rs. 855,360 |
Rs. 71,280 |
| NPS Contribution (14%) |
Rs. 60,480 |
Rs. 5,040 |
| Gratuity (6%) |
Rs. 25,920 |
Rs. 2,160 |
| Medical Insurance |
Rs. 26,688 |
Rs. 2,224 |
| Fixed CTC |
Rs. 968,448 |
Rs. 80,704 |
| Variable Pay |
Rs. 302,400 |
Rs. 25,200 |
| Total CTC |
Rs. 1,270,848 |
Rs. 1,05,904 |
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TMB SO Allowances and Perks
TMB Specialist Officers (IT) enjoy several allowances and perks that enhance their overall earnings. The primary allowances include:
- Additional Allowances: 65% of the basic salary
- House Rent Allowance (HRA): Varies by posting location (33% for metros, 19% for urban areas, 16.50% for semi-urban/rural areas)
In addition, the bank provides:
- NPS Contribution: 14% of salary
- Gratuity: 6% of salary
- Medical Insurance: Covers employees
These allowances, combined with the performance-based variable pay, ensure that the compensation package is competitive and attractive.
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HRA and Transfer Policies
HRA is determined by the location of the posting:
- Metro cities: 33% of the salary
- Urban areas: 19% of the salary
- Semi-urban and rural areas: 16.50% of the salary
Specialist Officers may be posted and transferred to different locations across India, offering flexibility in work assignments.
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Job Profile of Tamilnad Mercantile Bank Specialist Officer (IT)
The role of a Specialist Officer (IT) at TMB involves a range of responsibilities related to IT infrastructure, software development, system administration, and Core Banking System (CBS) support.
Job Roles and Responsibilities:
- Infrastructure Executive: Oversee the management of IT infrastructure, including data centers, networks, and cybersecurity. This involves performance monitoring, system optimization, disaster recovery, and ensuring business continuity.
- Technical Executive: Focus on developing and implementing software solutions that align with business goals, leading software teams, managing IT compliance, and fostering innovation.
- Software Developer: Responsible for project planning, managing teams, and providing technical guidance while ensuring performance testing, technical specifications, and industry compliance.
- System/Server Administrator: Handle server installations, troubleshooting, and maintaining system security, backups, and data restoration.
- CBS Support Engineer: Customize and maintain the Core Banking System (Finacle 10.x), handle API development, troubleshooting, and ensure smooth integration with internal and external systems.
These roles contribute to the bank’s technological infrastructure, ensuring seamless operations across its systems.
