IDBI Junior Assistant Manager Salary 2024, Job Profile, and Perks

The IDBI Junior Assistant Manager Salary 2024 offers an attractive package, making it a compelling opportunity for candidates aspiring to work in the banking sector. The salary structure includes numerous allowances, benefits, and opportunities for career growth, ensuring a fulfilling professional journey. Let’s delve into the details of the IDBI JAM Salary 2024, covering all essential aspects such as pay scale, allowances, and promotional prospects.

IDBI Junior Assistant Manager Salary 2024

The IDBI Junior Assistant Manager (Grade O) position provides a competitive annual Cost to Company (CTC) ranging between ₹6.14 lakh to ₹6.50 lakh at the time of joining. This figure is applicable for postings in Class A cities and includes various components that enhance the overall package. Incremental hikes are granted annually, contingent upon performance and other parameters set by the Bank.

Parameters	Details
Organization	Industrial Development Bank of India (IDBI)
Post	Junior Assistant Manager
Vacancies	600
Salary Range	₹6.14 lakh – ₹6.50 lakh p.a.
Selection Process	Online Test and Interview
Official Website	idbibank.in

IDBI JAM Salary 2024

1. Pay Scale at Joining: Candidates joining as Grade O officers start with a CTC of ₹6.14 lakh to ₹6.50 lakh per annum.
2. Performance-Based Increments: Annual increments are determined by individual performance and Bank guidelines.
3. Probation Period: New recruits serve a 1-year probation period, which may be extended based on the Bank’s discretion.
4. Service Bond: Selected candidates must sign a service bond to serve a minimum of three years or pay a penalty of ₹2 lakh plus taxes if the bond is breached.

IDBI Junior Assistant Manager Allowances 2024

The IDBI Junior Assistant Manager Salary 2024 includes multiple allowances aimed at supporting the officers in their daily roles. These are:

• Travel Allowance: Reimbursement for official travel.
• Halting Allowance: Compensation for expenses incurred during official stays.
• Local Conveyance: Allowance for commuting within the posting city.
• Subsidized Meals: Provision of affordable lunch facilities at work.
• Visiting Officer Benefits: Perks for official visits as per Bank norms.

While these allowances are applicable, Grade O officers may not qualify for certain benefits available to senior officers, such as performance-linked variable pay or staff loans.

IDBI JAM Career Progression and Promotions 2024

A promising career growth pathway awaits IDBI Junior Assistant Managers. After successfully completing three years of service, officers may be promoted to Grade A, subject to performance, vacancies, and other parameters defined in the Bank’s Promotion Policy. This promotion brings enhanced responsibilities and an upgraded salary structure, paving the way for continued professional development within the Bank.

IDBI Junior Assistant Manager Service Bond 2024

The Bank ensures a long-term commitment from candidates through a service bond. Officers must either serve a minimum of three years or pay the required penalty if they choose to resign prematurely. Additionally, officers availing of an education loan from IDBI Bank must clear any outstanding dues if they exit before completing their service term.

IDBI JAM Salary 2024: Why It Stands Out?

The IDBI Junior Assistant Manager Salary 2024 stands out for its blend of competitive pay, structured allowances, and career advancement opportunities. This makes the position highly attractive for aspirants aiming for a stable and rewarding career in the banking industry.

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