The Banking Professionals who are aspiring to appear for the JAIIB Examination must be aware of the benefits of the examination. 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, allowances and more. The banking professionals embrace this opportunity as it boosts their confidence, improves their conceptual knowledge and provides hike in their salary.
JAIIB Salary 2024
Qualifying the JAIIB exam offers numerous benefits to the bank employees. One of the benefits include increase in JAIIB Salary 2024. There is no fixed salary increment as it depends from bank to bank. Generally, the bank employees working in metro cities or urban regions receive a higher salary as compared to the ones working in rural regions.
JAIIB Salary 2024 Overview
The following table shows the overview of the JAIIB Exam in detail. IIBF administers the JAIIB (Junior Associate of the Indian Institute of Bankers) professional qualification test. 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.
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| 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 – In Hand Salary & Pay Scale
When a permanent staff member in Public Sector Bank clears the JAIIB exam, then it results in salary hike. The basic pay of a bank clerk stands at Rs 11,765. After clearing the exam, generally the increase in the basic pay of a bank clerk stands at Rs 655. This means that their basic pay increases from Rs. 11,765 to Rs. 12,420. There are various parameters that must be understood when it comes to JAIIB Salary Structure, so read out the complete blog.
JAIIB Salary 2024 Increments
According to the Indian Bank Association’s settlement guidelines, any permanent staff from PSBs (one of the IBA’s members) is eligible for increase in salary. Get complete details of how much salary is increased after passing JAIIB exam. There are two different kinds of increments that are mentioned in the table below:
| Rank | Salary Increment |
| Bank Clerk Grade | 1 pay increase after passing the JAIIB Exam |
| Bank Officers | 1 pay increase after passing the JAIIB Exam |
Here is the example to understand the JAIIB Salary Structure in a better way:
- Basic Pay – Rs 11,765
- 1 Pay Increase after passing JAIIB Exam – Rs 655
- Increased Basic Pay in JAIIB Salary – Rs 11765+ Rs 655 = Rs 12420
JAIIB Career Growth 2024
Every individual who is working in private or government sector needs growth in their career. In this section, we have mentioned the advantages of clearing JAIIB exam, so check out the complete JAIIB Career Growth:
- It will assist you in obtaining promotions because management prefers to promote employees who have completed the JAIIB and CAIIB programs.
- 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 for JAIIB Exams he/she will get an increment and will be promoted. Here, the chances of internal promotions increases.
JAIIB Promotions
In order to get promoted from one scale to the other the candidates have to appear in the internal exams. To qualify internal exams, the marks obtained in JAIIB exam plays a crucial role. Here is the hierarchy of JAIIB promotions.
| JAIIB Promotions – Hierarchy |
| 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 Job Profile 2024
Below is the JAIIB Job Profile for both the clerk & PO positions:
- 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: The 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.
JAIIB Salary 2024 Perks & Benefits
The JAIIB Certificate comes after 45 days after passing the exam. This certificates comes with several perks and benefits. Some of the benefits are mentioned below:
- 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 the 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!
JAIIB Salary 2024 – FAQs
After clearing the JAIIB Exam, you will get the JAIIB Certificate. This will result in increase in salary, increase in banking knowledge and much more.
After JAIIB, there will be 1 salary increment for both the clerical and officer positions. However, the amount of increase in salary may differ from bank to bank.
Yes, the JAIIB exam is for both clerks and officers.
| 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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