What are the benefits & Increment processes after clearing the CAIIB exam in 2023
In today’s article, we will clear you the topic about what are the INCREMENT & BENEFITS OF CLEARING CAIIB in 2023.CAIIB is an acronym for Certified Associate of Indian Institute of Bankers. The IIBF (Indian Institute of Banking and Finance) conducts these exams twice a year. Since its inception in 1928, the IIFB has integrated over 700 banks and financial institutions. It is one of the most important tests directed by the IIBF to gain the best from officials who are currently members of the Indian Foundation of Banking and Finance. CAIIB 2023 is being conducted to evaluate the approaches for developing dynamic and general financial management. It consists of two required papers i.e. ABM and BFM and one optional paper. CAIIB is widely regarded in the financial business and expects to provide advanced knowledge and abilities related to dynamics. The majority of its competitors include RBI, SIDBI, NABARD, local banks, etc.
CAIIB EXAM consists of 4 papers which include:
- ABM (Advanced Bank Management)
- BFM (Bank Financial Management)
- ABFM (Advanced Business & Financial Management)
- BRBL (Banking Regulations & Business Laws)
- One subject from 5 elective subjects can be chosen, including Information Technology & Digital Banking, Rural Banking, human resource management, Central Banking, Risk Management, etc.
Who can give CAIIB EXAM 2023?
To take the CAIIB test, a candidate must be a member of the Indian Institute of Banking and Finance (IIBF). For recruiting banking personnel, most public sector banks look at CAIIB’s assessment.
INCREMENT AND BENEFITS OF CLEARING THE CAIIB EXAM 2023
This exam is taken by candidates who want to advance in their banking careers. There are numerous advantages to taking this exam, including a significant increase in salary and career opportunities for candidates. The certified banker’s job profile has also been upgraded and is now known as CAIIB Job Profile. This certification provides them with an additional set of advanced credentials. It aids the candidate in comprehending advanced banking operations, increasing their remuneration, and progressing in their profession. Only members of the institute are eligible to take the CAIIB 2023 Exam.
The banker receives both monetary and non-monetary rewards. The advantages of clearing CAIIB can be classified into the following groups:
- Non -monetary
Monetary benefits are also known as increments. Employees working in various banks receive pay raises after passing the CAIIB Exam. Any permanent bank employee from a PSU (one of the IBA’s members) who gives the CAIIB exam is eligible for a salary increase, according to the guidelines of the Indian Bank Association. There are two types of increments:
Increases in wage for Clerk Grade 2 workers.
After clearing the CAIIB Exam, a bank clerk’s remuneration is Rs 11765 + Rs 655 x 3 (increments) = Rs 13730/-. (Basic).
After passing the CAIIB, officers will receive a one-time pay raise.
Furthermore, passing the CAIIB Exam will provide you with additional information that will enable you to make better decisions in accounting.
You will receive one increase if you pass the JAIIB Examination, and two increments if you pass the CAIIB Examination, as per the existing wage schedule. An officer working for a nationalized bank is entitled to one increment after passing the JAIIB and CAIIB exams.
- Obtaining a CAIIB certificate will assist a banker in gaining the advanced information needed to make better decisions in Treasury Management, Risk Management, Balance Sheet Management, Credit Management, International Banking, Economic Analysis, and other related fields.
- Knowledge of these sophisticated parts of banking will also assist a banker in gaining internal promotion. Remember that this exam is always given a high priority in promotional interviews. In plain terms, passing this exam provides you an advantage over other candidates.
- Those who pass the JAIIB exam will have a thorough understanding of banking and financial services, banking technology, customer relations, basic accounting, and legal elements of banking operations.
- The banker will have more faith in himself.
CAIIB STUDY MATERIAL FROM IIBF LEARNING CENTER
IIBF provides CAIIB MATERIAL on Android and iOS applications as well as the website, which includes preparation for all the subjects including ABM ( advanced Bank management), BFM (Bank financial management), and RETAIL BANKING, etc. We would give you notes in the form of ePDFs, making it simple for you to study and comprehend the subjects for CAIIB 2023. These notes will help you revise the complete syllabus of CAIIB EXAM 2023 in a short amount of time and will make the topics easier to understand.
CAIIB STUDY MATERIAL has explicitly been designed in such a way that they make studying much more fun and easy for you all.
We offer a variety of different sources to study from, including:
- Latest Videos with up-to-date knowledge and changes occurring in the CAIIB exam.
- The syllabus for ABM, BFM, Retail Banking, information technology, and risk management is updated according to CAIIB EXAM 2023.
- Videos, question banks, and pdfs are all at your disposal whenever you want to use them.
- CASE STUDIES: You may find 110+ new and updated case study videos for all of CAIIB’s EXAM to date.
- The most recent pattern is followed.
- We have the top tutors with over 900 hours of expertise and wisdom collected.
- We have combined CAIIB 2023 STUDY MATERIAL from the previous year’s CAIIB EXAMS and many different sources targeting CAIIB 2023.
- Chapterwise questions, including a previous year and memory recall questions, are covered for all the subjects ABM, BFM, ABFM and BRBL.
- CAIIB CLASSES 2023 presents notes in the form of words for your convenience.
- With our Android app’s ePDFs, you can revise without putting long hours into it as they are written in a very concise manner to help you out.
- Our IIBF LEARNING CENTER provides classes in English as well as in the Hindi language.
- Both Hindi and English versions of the videos are available. Packs should be chosen accordingly.
- You can take CAIIB practice tests a maximum of 5 times, compare your results with our review test option, and use them to finish exams quickly to compete better in the actual exam.
- Along with the STUDY MATERIAL, we also provide you with various study tricks and techniques to help you prepare better for the exam.
So, if you’re studying for CAIIB 2023 or have already started studying for a deeper understanding of the ideas and exam patterns, enrol in Learning Sessions CAIIB CLASSES to pass the CAIIB exam on the first try.