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JAIIB Salary 2024

Last updated on 28-Nov-2023

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.

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JAIIB Salary 2024 -Overview

The following table shows the overview relating to the JAIIB Exam in detail –

ParticularsDetails
InstitutionIndian Institute of Banking & Finance (IIBF)
Exam NameJAIIB 2024
EligibilityMembers Only
Mode of ApplicationOnline
Online Registration

1st March 2024 to 21st March 2024

1st August 2024 to 21st August 2024

Exam ConductedTwice in a year
SubjectsIndian Economy and Indian Financial System, Principles and Practices of Banking, Accounting and Financial Management for Bankers, Retail Banking and Wealth Management
Qualifying Marks50 out of 100
Official websitehttp://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 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 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

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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.

JAIIB Salary 2024 - 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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FAQs

How many papers are there in JAIIB exam?

There are four papers in the JAIIB exam which are Indian Economy and Indian Financial System, Principles and Practices of Banking, Accounting and Finance for Bankers, and Retail Banking and Wealth Management.

How many times is JAIIB conducted in a year? +

JAIIB Exam is conducted two times in a year, once in the month of May and another in October.

How many attempts are there for JAIIB? +

JAIIB can be attempted by the candidates within 3 years or 5 consecutive attempts.

What is the Eligibility Criteria for JAIIB? +

A candidate who wishes to appear for the JAIIB exam must be registered as an ordinary member of the IIBF, He/She must have passed their 10+2 Boards or any other equivalent exams and must be working in any Bank or financial institute.

Can I give JAIIB and CAIIB together? +

No, you have to clear the JAIIB exam first. After that, you can appear for the CAIIB exam.

What is the age limit to apply for the JAIIB exam? +

For JAIIB Exam there is no age limit applicable.

What is the exam fee for JAIIB? +

The exam fees for the first attempt is Rs.2700 and for each successive attempt thereafter it is Rs.1300.

Can private bank employees give JAIIB? +

Yes, any employee working in either public or private sector bank is eligible to appear for JAIIB provided they must be registered as an ordinary member of the IIBF and have passed their 10+2 Board exam or any other equivalent exam.

Will there be any negative marking in JAIIB? +

JAIIB will NOT have any negative marking

Will JAIIB be conducted in 2024? +

The dates for JAIIB 2024 will be available soon.

When will the registration process for JAIIB May 2024 cycle open? +

The registration process for JAIIB May 2024 cycle will be announced soon.

What are the exam dates for the JAIIB May 2024 cycle? +

The JAIIB 2024 exam dates will be announced soon.

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