JAIIB Salary 2024

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 -

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,

Attempt the JAIIB Mock Test for free

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.

1. Middle Management Grade- Scale 2- Manager
2. Middle Management Grade- Scale 3- Senior Manager
3. Senior Management Grade- Scale 4- Chief Manager
4. Senior Management Grade- Scale 5- Assistant General Manager
5. Top Management Grade- Scale 6- Deputy General Manager
6. Top Management Grade- Scale 7- General Manager

Here is the hierarchy of promotion for a clerk in the Banking Industry.

1. Junior Management Grade-Scale 1- Officer
2. Middle Management Grade- Scale 2- Manager
3. Middle Management Grade- Scale 3- Senior Manager
4. Senior Management Grade- Scale 4- Chief Manager
5. Senior Management Grade- Scale 5- Assistant General Manager
6. Top Management Grade- Scale 6- Deputy General Manager
7. Top Management Grade- Scale 7- General Manager

Attempt the JAIIB Mock Test for free

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.

Attempt the JAIIB Mock Test for free

We hope this blog gave you a better understanding of the JAIIB Salary 2024. To read more such blogs, visit the Oliveboard website!