JAIIB INCREMENT ON QUALIFYING JAIIB EXAM
You will read the amount of Increments to Bankers when they qualify for JAIIB Exam 2023 or the upcoming JAIIB Exams.
How much of your salary will increase when you pass the JAIIB exam?
As we all know that JAIIB examination is one of the prestigious examinations which gets conducted by IIBF. This flagship course of IIBF is very popular among the banking staff. But if by any chance, you have not heard about what JAIIB is, you will understand all about the JAIIB exam & the reason for why it is so popular.
So, in this article you will get to know all about the JAIIB Exams 2023 & the benefits of this exam which should be the reason why you should clear JAIIB as soon as possible.
IIBF i.e Indian Institute of Banking and Finance is a national body that falls under the preview of the Ministry of Finance of the Government of India. It is responsible for conducting JAIIB as well as other certification and diploma exams for bankers as well as non-bankers. While IIBF conducts most of these exams throughout the year, JAIIB examinations are conducted twice in a year.
JAIIB Examinations 2023
JAIIB is a Certificate exam only for bankers (those who are not currently working in banks but want to work in banks in the future, can apply for DBF i.e Diploma in Banking and Finance, also offered by IIBF instead) and tries to ingrain the fundamental of banking concepts, rules and procedures of day-to-day banking operations with the working personnel of banks.
This certificate exam has been divided into four papers, namely, Indian Economy & Indian Financial System (IE&IFS), Accounting & Financial Management for Bankers (AFM), Principles & Practices of Banking (PPB), and Retail Banking & Wealth Management (RBWM). The importance of this examination cannot be overstated because of the fact that this exam will not only help the bankers grow in their professional life but will also grow their confidence & knowledge and they will have better working experience in the banking sector.
Now as to why you should write JAIIB Exams at the earliest.
We can give you a number of reasons why you should register and clear this JAIIB examination as soon as possible. Reasons can be divided into 2 types of benefits:
- Monetary benefits
- Non-monetary benefits
MONETARY BENEFITS FOR CLEARING JAIIB 2023:
Increment in JAIIB’s Salary
On successful clearance of the JAIIB Exam 2023, the junior Associates of Indian Institute of Bankers will get an increment in their salaries. This increase will be as per the guidelines of IBA, which has given direction that if any permanent employee of a bank clears JAIIB, banks are required to increase their salaries.
This is applicable to public sector banks, and members of the Indian Bank Association. Increase in the salary will be as per the following directions:
- If a Banker is working at clerical rank, he or she is going to get one increment in his or her salary.
- If a Banker is working at officer rank, he or she is going to get one increment in his or her salary.
To further explain it, you can take a look at the below example:
If a banker (at any Rank i.e Clerical or Officer) has Basic pay = Rs. 12000 [Rs. 12000-500-16000], then after passing the JAIIB exam, he or she will get 1 increment as per the guidelines, meaning that his or her new Basic pay will get increased by the grade scale of his salary i.e by Rs. 500.00. So, on clearance the banker will be receiving Rs.12500.00 if he or she was receiving Rs.12000 before JAIIB.
Read Also: JAIIB EXAM MAY 2023 NOTIFICATION
Grace Marks in Internal Bank Promotion Exams
It should also be noted that if a Banker has the certification of JAIIB, then he or she is also entitled to get 1 grace mark if they decide to sit for their bank’s internal promotion exams as a professional qualification.
This benefit of 1 mark is highly beneficial when there are a number of bankers writing for the same promotion exams every year.
NON-MONETARY BENEFITS FOR CLEARING JAIIB 2023:
Other than the monetary benefits, a JAIIB is also going to get other non-monetary benefits which are mentioned below:
- JAIIB Course gives them better knowledge about banking which will basically improve their banking and financial abilities or skills.
- JAIIB’s enjoy increased chances of promotions
- They get eligible for better and demanding posts in banks.
- They have advanced knowledge in their field of work
- Their ability to make decisions is better.
- They get higher chances of getting promoted in their Bank’s internal promotion exams.
- Having this prestigious certificate to their names, increases their confidence in their day-to-day activities
- The understanding of a variety of services related to banking and finance, banking Technology, legal aspects and basic accounting increases which is also necessary to conduct banking procedures smoothly in their day-to-day workings.
- The knowledge which one gets from the JAIIB course also helps half the Bankers to clear their promotional interviews.
Read Also: 7 DAYS STRATEGY TO PASS JAIIB IN ONE ATTEMPT
PROMOTION: JOB PROFILE AFTER CLEARING JAIIB
Clerk Post: Bankers who were working in clerical posts will have a higher chance of getting promoted to probationary officers, who have more responsibilities and roles.
PO Post: The bankers who get admitted in the banking sector as probationary officers will get promoted to the next managerial level. Then responsibilities will include sanctioning of loans, in developing and promoting good products etc. They will also have the option to work at the same level but getting higher pay.
Read Also: JAIIB EXAM PREPARATION 2023
- So now that you know what the benefits are if you clear JAIIB, then you can register for the upcoming MAY exams.
- And if you want to improve your chances of clearing this JAIIB Exam then you can take our JAIIB MAHA COMBO Pack.
- In this pack, you will get video lectures of all the three exams of JAIIB i.e IE&IFS, PPB, AFM, RBWM, mock tests including chapter wise mock tests and complementary ePDF notes, mega mock test etc.
- All these materials are available for access 24×7.
- And we assure you that if you go through our JAIIB video lectures and revise through ePDF notes, you can clear JAIIB in your very first attempt.
Here is the link: JAIIB Maha Combo Pack
- Who actually conducts JAIIB Exams?
Ans: The JAIIB Exams are conducted by the IIBF, better known as the Indian Institute for Banking & Finance.
- Are there increments in the Bank Clerk’s Salary after clearing the JAIIB Exam?
Ans: Yes, Bank Clerk gets 1 increment in his/her salary after clearing the JAIIB Exam.
- How many increments will be in an officer’s salary after clearing the JAIIB Exam?
Ans: There will be 1 increment in the officer’s Salary after clearing the JAIIB Exam.
- How many times is the JAIIB Exam conducted in a year by IIBF?
Ans: IIBF offers the bankers to sit for the JAIIB Exam twice a year.
- What are the chances of promotions after clearing the JAIIB Exam?
Ans: There are high chances of getting internal promotion after one clears his/her JAIIB Exam.