The Indian Institute of Banking and Finance organizes an exam to certify Junior Associate of nationalized banks and the members of the Indian Institute of Bankers. The exam is conducted in two cycles in a year, generally in May and November. The basic purpose for the organization of the exam is to check the knowledge relating to financial and banking services, banking technology, customer relations as well as the basic accounting and legal knowledge for meeting the day-to-day requirements of banking operations. This exam is an exclusive course for only the members of the IIBF i.e. the Indian Institute of Banking and Finance. IIBF has announced the registration and exam dates for JAIIB May 2023 cycle and JAIIB October 2023 cycle on their official website. The candidates who are interested in taking this exam should know about the JAIIB Salary, career opportunities, and job benefits.
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JAIIB Exam: 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 2023 |
| Eligibility | Members Only |
| Mode of Application | Online |
| Online Registration | 1st March 2023 to 21st March 2023 1st August 2023 to 21st August 2023 |
| 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 Exam Important Dates
The following table shows the important dates relating to the JAIIB Exam in detail –
JAIIB 2023 - Important Dates for JAIIB May 2023 Cycle
| Event | Date |
|---|
| JAIIB 2023 Online Registration Begins | 1st March 2023 |
| JAIIB 2023 Online Registration Closes (with Late Fee) | 21st March 2023 |
| JAIIB Admit Card 2023 Release Date | TBA |
| Exam Date | May 2023 |
| Indian Economy and Indian Financial System | 7th May 2023 |
| Principles & Practices of Banking | 13th May 2023 |
| Accounting & Financial Management for Bankers | 14th May 2023 |
| Retail Banking and Wealth Management | 21st May 2023 |
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JAIIB 2023 - Important Dates for JAIIB October 2023 Cycle
| Event | Date |
|---|
| JAIIB 2023 Online Registration Begins | 1st August 2023 |
| JAIIB 2023 Online Registration Closes (with Late Fee) | 21st August 2023 |
| JAIIB Admit Card 2023 Release Date | TBA |
| Exam Date | October 2023 |
| Indian Economy and Indian Financial System | 8th October 2023 |
| Principles & Practices of Banking | 14th October 2023 |
| Accounting & Financial Management for Bankers | 15th October 2023 |
| Retail Banking and Wealth Management | 29th October 2023 |
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JAIIB Salary
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 November (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 2022
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 programme.
- 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 the internal promotional exams in which the marks of JAIIB play an important role. Here is the hierarchy 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 promotion for a clerk in the Banking Industry.
- 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
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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 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 the financial services, banking terminology, basic accounting, and legal aspects.
Promotions: It becomes easier to get promotion if you have cleared JAIIB Exam.
Self Confidence: Passing these exams will surely increase your self confidence.
Conclusion
We hope that this article has provided you with detailed knowledge of the JAIIB salary increment as well as other details about this exam.
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