Junior Associate of the Indian Institute of Bankers Exam or JAIIB Exam is conducted twice a year by the Indian Institute for Banking & Finance. This exam is conducted for banking professionals, the professionals who have this certificate are eligible for enhanced salaries and promotion. The exam score is valid for a lifetime. The JAIIB Salary is a topic of discussion amongst professionals as enhanced salary is one of the primary attraction in this exam. As per the guidelines of the Indian Bank Association candidates who have cleared this exam are liable for higher salaries in the Public Sector Bank. Generally, candidates after clearing this exam get an increment of one grade after this exam. Professional whether in officers grade or the clerical grade can appear for this exam. This space will cover the JAIIB Salary in detail, read ahead to know in-hand salary, pay scale, allowances, and other details after the JAIIB Exam. If you are preparing for competitive exams and are looking for expert guidance, you can check out our monthly FREE Current Affairs Ebook- Download Now
After clearing JAIIB Exam there are increments in the salary of employees working in various banks. As per the guidelines of the Indian Bank Association, any permanent bank employee who is from PSUs (one of the members of IBA) is eligible to get salary increments after passing the JAIIB exam. Their details are as follows:
Illustration JAIIB Salary
- JAIIB for Clerks - 1 increment in salary
- JAIIB for Officers Grade - 1 increment in salary
If a banker has basic pay of 11765/-, then after passing the JAIIB exam, he will get 1 increment, meaning his new basic pay will be: Rs 11765 + Rs 655= Rs 12420 /-
JAIIB Salary - Non-Monetary Benefits
Besides monetary benefits, there are non-monetary benefits attached too. they are:
- One can gain better knowledge about banking.
- There are better prospects of promotion.
- They are eligible for better and demanding postings, with a chance of growth.
- Advanced knowledge in their field of work.
- Better ability to make decisions in fields of Treasury Management, Risk Management, Balance Sheet Management, Credit Management, International Banking, Economic Analysis, etc.
- Internal promotions in banks.
- Increase in confidence in your day to day activities at work.
Job Profile After Clearing JAIIB
Clerk Post: The people working on Clerical Jobs have high chances of being promoted to Probationary Officers level. With more responsibilities and roles.
PO Post: PO will be promoted to the next managerial level. The added responsibilities will be loan sanctioning, developing and promote good products from the bank's perspectives, etc. Or they may continue at the same level but at higher pay.
To know more read here.
JAIIB Salary FAQs
Q. Who conducts JAIIB Exam?
A. The JAIIB Exam is conducted by the Indian Institute for Banking & Finance
Q. Are there increments in the salary of the Bank Clerk after clearing the JAIIB Exam?
A. Yes, there is one increment in the salary of the Bank Clerk after clearing JAIIB Exam.
Q. How are many increments are there in the salary of an officer after clearing JAIIB Exam?
A. There is one increment in the salary of an officer after clearing JAIIB Exam.
Q. How many times is JAIIB Exam conducted in a year?
A. JAIIB Exam is conducted twice a year.
Q. Are there chances of promotions after clearing the JAIIB Exam?
A. Yes, there are chances of internal promotion after clearing JAIIB Exam.