Pros
Travelling restricted to Mumbai since branches are only at Mumbai no relocation required Like all other banks we also have bank holidays only likeable thing Rate of growth of opportunities for higher position is better due to employee leaving and no senior staff available If you are from very rich family and don't need salary growth just working for the sake of it u wouldn't care about how the culture of work is here u would survive by escaping work on important workdays taking leaves when possibility of work would be assigned to you and live happily without a care in. The world
Cons
Dislikes 1. 3 years bond If you leave before completion youre liable to pay a sum of one Lakh as per the bond the clause of the bond is for training u have to pay ,but you do on the job learning I don't see any reason to pay coz there is zero monentary expense by the bank for training the staff. Once a year all the staff get a training programme which must cost them max 5000 per staff what are they taking 1 lakh for instead senior staff are responsible for every mistake done by a trainee and to train them the senior staff don't get a penny then what expense compensation is the bond for .Parents hard earned money get wasted to release their child from this trap. Employees here sure do need a trauma compensation tho 🤣 #jumla #scammers 2. You join as a trainee and remain trainee till one year in this period all leaves would be LWP which means no leaves granted .if Leaves are taken in training period your training period is extended by 1/3 month's also in training period no pf is deducted . This place is a joke🤮 **Important : The Bank itself has strong financials is capable of receiving schedule status but the board delays it from around 8-10 years it's delayed: reason being the board looses much of it's power and will gain limited benefits and will have less authority and power. Imagine the Board failing to see beyond their own selfish gains will they give a damn about retaining and happiness of employee and benefits for employees and customers 'NO!' 3. Marketing : The worst is the bank expects all staff to bring business to bring saving and current accounts. Now, they have savings bank product and current ac product Now to open one saving account a customer has to give 14 signatures on a form 8 in ac opening 1 in mobile banking and 1 in atm appln nd 2 in an adhar card and pan card self attested besides this 1000 rs deposit after signing so much customer be like u give me money to do so much efforts.Also if a customer has to open a new fd or rd he has to again sign 5-6 places in a new form . The amount of paper that is wasted mother nature would be ashamed of them With such products They expect staff to go and market and bring business, they lack of appealing and attractive products that bring benefit and delight to customer as an organistn they have a bigger role to do . 'marketing 'their marketing is advertising in local community magazine that's it there's no one banner in the entire city of Mumbai except inside their own branch. Why is the whole marketing responsiblity dumped on staff that are doing operational work at the branch does the organisation have it's own role of marketing or not . 4: Products: There are no appealing products all major lenders have gold loan OD cc saving and ca , Atm card is a rupay card not even visa and it takes min 14 days for a card to physically be with a customer. and there is annual ATM chgs too Besides other major banks offer payback points fuel surcharge merchant discounts online cashback offers refferals here the customer has to deposit 1000 min bal if anyday it gets below 1k 30 rs chgs for the month additionally Scums of the earth have salry account for staff and charge staff also min balance chgs sms chgs and ATM chgs just want to suck employees blood. All salry account are zero bal account but here corporate sal ac have to maintain min bal. Why would they open accounts with them Living in 2022 u can't have products and procedures like 90's and 2000s and still expect to get booming business. Business is coming to you only because of hardworking employees not because of your brand image. Forget local citizens other bankers also don't know model bank what's your bank image as a bank. There is an app model bank app been a year since launched, they haven't bothered to reply to negative comments and unhappy customers, you think they'll listen to staff🤣 even sbi with their lunch break has time to auto reply to customers in play store coz corporate image bro. 4. #Bonus: Bonus is a Myth. As per your salary structure eg 2k will be ded every month From your in hand and it will be given to you after a year without interest so after 12th month you get 24 k that's your bonus amazing right 🤣 . What kind bonus this is my money you gave me back without interest. Any sensible person would rather open an rd and at least gain a little interest #wickedscheme 5 Employees feedback and retention: "how much business you brought" that's what they'll ask you for your suggestion employees don't waste time on suggestion and feedback coz there is only one Hr looking out for 200+ staff I pity her, but also Hr is supposed to be a mediator/ negotiater but the Hr only says yes sir to the management and shuffles staff from one dept to another from one branch to another coz staff leaving and shortage of staff .sources say i quote 20 staff resigned in the period April/May 22 only One was retained what a waste 6. Work : you are expected to work from 930 to 6 pm bring accounts by marketing do operational work in the branch and daily work there is no break time eat and get back to work all Banks close to public by 330 4 . This bank cash counter and customer interaction open till 6 . They put you in branches which could be far from your residence as per their choice not considering the trouble you go through to travel. 7. Salary: 15 k salary at training period from which prf tax will also get ded after confirmation 17700 and if lucky on third year if you get sr officer sal in hand 22k approx . And then you would be stuck for 3 4 years to be assistant manager where salary increases by 1500 in hand only . Next position deputy manager could take you total of 5-6 years to reach deputy manager with salary not going beyond 30 to 32 in hand it's a joke . And 7-8 years to reach manager post . You could spend 8 years in a call centre and be a team leader or floor manager in that time and get 60 k+ in hand in that much time easily 🤣 Do not screw with your life do not join . I will not comment on the staff . I just explain about the staff policy and harrasment to staff due to current policies. Literally 0 perks at working here.