JAIIB Salary 2024
The Banking Professionals who are aspiring to appear for the JAIIB Examinations must be aware of the benefits of the examination. As qualified candidates receive an increment in their salary with the promotion. In this article, we have mentioned below the JAIIB Salary 2024, salary structure, perks, promotions, and allowances. The candidates who are interested in taking this exam should know about the JAIIB Salary, career opportunities, and job benefits.
JAIIB Salary 2024 -Overview
The following table shows the overview relating to the JAIIB Exam in detail –
| Particulars | Details |
| Institution | Indian Institute of Banking & Finance (IIBF) |
| Exam Name | JAIIB 2024 |
| Eligibility | Members Only |
| Mode of Application | Online |
| Online Registration | 5th March 2024 to 27th March 2024 1st August 2024 to 21st August 2024 |
| Exam Conducted | Twice in a year |
| Subjects | Indian Economy and Indian Financial System Principles and Practices of Banking Accounting and Financial Management for Bankers Retail Banking and Wealth Management |
| Qualifying Marks | 50 out of 100 |
| Official website | http://www.iibf.org.in/ |
JAIIB Salary 2024 Structure
IIBF administers the JAIIB (Junior Associate of the Indian Institute of Bankers) professional qualification test (Indian Institute for Banking & Finance). This examination is held twice a year, in May and October (generally). The exam’s validity is indefinite. Candidates who pass the JAIIB exam can expect an increase in their basic pay as well as get a timely promotion. Let’s check out the thorough career growth and pay scale information once you qualify for the exam,
Increased Pay Scale After JAIIB 2024
According to the Indian Bank Association’s settlement guidelines, any permanent staff from PSBs (one of the IBA’s members) is eligible for wage increases after passing the JAIIB tests. There are two different kinds of increments.
In the event of a Clerk Grade:
- 1 pay increase after passing the JAIIB Exam
In the case of Officers:
- 1 pay increase after passing the JAIIB Exam
A bank clerk’s salary structure after passing the JAIIB exam is as follows:
If the basic wage is 11765/-, after passing the JAIIB exam, they will be eligible for a one-time pay increase i.e. Rupees 11765+655 = Rs 12420/-
JAIIB Career Growth And Other Opportunities
- It will assist you in obtaining promotions because management prefers to promote employees who have completed the JAIIB and CAIIB program.
- It will boost your self-assurance in everyday routines and enable you to make wonderful selections promptly.
- After passing JAIIB, you’ll have the foundational knowledge in banking and financial services, banking technology, customer relations, basic accounting, and legal issues that you’ll need to conduct day-to-day banking operations.
- These credentials will undoubtedly assist you in gaining internal advancement.
- A newly joined officer comes under the Junior Management Grade- Scale 1 post. After qualifying JAIIB Exams he/she will get an increment and will be promoted. In order to get promoted from one scale to the other they will have to qualify for the internal promotional exams in which the marks of JAIIB play an important role. Here is the hierarchy of promotion for an officer in the Banking Industry.
- Middle Management Grade- Scale 2- Manager
- Middle Management Grade- Scale 3- Senior Manager
- Senior Management Grade- Scale 4- Chief Manager
- Senior Management Grade- Scale 5- Assistant General Manager
- Top Management Grade- Scale 6- Deputy General Manager
- Top Management Grade- Scale 7- General Manager
Here is the hierarchy of promotion for a clerk in the Banking Industry.
| Management Grade | Scale | Title |
| Junior Management Grade | Scale 1 | Officer |
| Middle Management Grade | Scale 2 | Manager |
| Middle Management Grade | Scale 3 | Senior Manager |
| Senior Management Grade | Scale 4 | Chief Manager |
| Senior Management Grade | Scale 5 | Assistant General Manager |
| Top Management Grade | Scale 6 | Deputy General Manager |
| Top Management Grade | Scale 7 | General Manager |
JAIIB Salary 2024 – Job Profile After Clearing JAIIB
Clerk Position: Clerks will be promoted to the position of PO, with additional responsibilities such as loan paperwork, cross-checking clerical work, and dealing with cash balances, among others.
PO Position: PO will be promoted to manager level or will remain at the same level with additional responsibilities and a salary increase. Loan sanctioning, producing and promoting attractive products from the bank’s perspective, and other tasks will be added.
Other Benefits After Clearing JAIIB exam
Knowledge Enhancement: When you clear the JAIIB exam, you will get to learn new things, which surely will increase your knowledge about the banking industry and your work.
Broad Understanding of Financial Matters: You will gain knowledge regarding financial services, banking terminology, basic accounting, and legal aspects.
Promotions: It becomes easier to get a promotion if you have cleared JAIIB Exam.
Self-Confidence: Passing these exams will surely increase your self-confidence.
We hope this blog gave you a better understanding of the JAIIB Salary 2024. To read more such blogs, visit the Oliveboard website!
| Related Links | Related Links |
| JAIIB Notification 2024 | JAIIB Syllabus 2024 |
| JAIIB Exam Date 2024 | JAIIB Registration 2024 |
| JAIIB Admit Card 2024 | JAIIB Salary |
| JAIIB Previous Year Papers | JAIIB Cut Off |
Hey everyone, I’m Vaishnavi Kumari, an edtech writer and a dedicated aspirant for government exams, including banking and SSC exams. Having worked with several edtech platforms, I am committed to providing you with essential and accurate information to ace these exams. With my experience as both a writer and an aspirant, I understand your needs and challenges, and my aim is to make your preparation journey smoother. I’ll focus on specific sections of the exams, compiling comprehensive and helpful content that covers the crucial topics, tips, and strategies you need to succeed. Let’s conquer these exams together!
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