IDBI Junior Assistant Manager Salary 2024, Structure, Perks and Allowances

IDBI Junior Assistant Manager Salary 2024

The Industrial Development Bank Of India has published the recruitment notification for the post of Junior Assistant Manager Grade ‘O’ through Post Graduate Diploma in Banking and Finance (PGDBF) course. Candidates will be selected for 500 posts and after completing 1 year PGDBF they will be given the certification of PGDBF Diploma and appointed as Junior Assistant Manager. As per the notification PDF, the CTC range of the post will be between Rs. 6.14 Lakh to Rs. 6.50 Lakh. In this article, we have elaborated the IDBI Junior Assistant Manager Salary 2024 structure along with other emoluments.

IDBI Junior Assistant Manager Salary

Aspirants after qualifying for the online examination and interview will have to complete the 1 year Post Graduate Diploma in Banking and Finance (PGDBF) course. The fees for PGDBF Course is Rs. 3,00,000 which can be paid by the aspirants in instalments. During the 6 months of the training period, candidates will receive a stipend amount of Rs. 5000 per month and during the internship period which will last for 2 months, the stipend amount will be Rs.15,000.

IDBI Junior Assistant Manager Salary 2024: Overview

The IDBI Junior Assistant Manager Recruitment is a good opportunity for candidates who want to serve in one of the leading banking sectors of India. For your reference, we have given a detailed IDBI Junior Assistant Manager Salary 2024 Overview in this section.

IDBI PGDBF Course 2024 Fees

The fees for Post Graduate Diploma in Banking and Finance (PGDBF) course is Rs. 3,00,000. For the 1 year programme, the organization has fixed the schedule to pay the fees in instalments. There are various certificate exams mandatory to cover under the PGDBF Course, the exam fees for which have to be paid additionally by the candidates. The course fee will be reimbursed through five annual instalments, beginning after three years of service completion and upon confirmation in the bank’s employment, and upon satisfactory performance appraisal ratings.

IDBI Junior Assistant Manager Probation Period

After being appointed for the post of Junior Assistant Manager, candidates will be on probation for 1 year from the date of joining. The probation period can be extended at the discretion of the bank. The posting of a candidate can be at any offices of the Bank or the
departments / offices / business units / the Bank’s associate institutions.

IDBI Junior Assistant Manager Service Bond

Upon joining the course, all selected candidates are required to sign a Service Bond committing to serve IDBI Bank for a minimum duration of 3 years (excluding notice period) from their date of employment. Alternatively, candidates may opt to pay a notional amount of Rs. 2 lakh plus applicable taxes. Furthermore, if any candidate chooses to leave IDBI Bank’s employment before completing 3 years of service, they must settle any outstanding educational loan dues at the prevailing card rate, provided they have availed of an education loan from IDBI Bank.

IDBI JAM Salary 2024

The IDBI JAM Salary 2024 will start after the candidates have been observed in the bank. On joining the Bank’s services as Grade ‘O’, compensation on a Cost to Company (CTC) basis would range between Rs.6.14 lakh to Rs.6.50 lakh (Class A city) at the time of joining. Annual increments shall be granted based on performance or any other parameters as decided by the Bank from time to time. The appointed candidates will be covered under the IDBI Bank Ltd. New Pension Scheme. As per extant Bank’s norms, Grade “O” officers shall be considered for promotion to the next cadre, i.e., Grade ‘A,’ on completion of 3 years of service.

IDBI Junior Assistant Manager Salary 2024 Allowances

Check out the list below to get knowledge about the IDBI Junior Assistant Manager Salary 2024 Allowances:

1. Travel Allowance
2. Halting Allowance
3. Local Conveyance Allowance
4. Subsidized lunch Facility
5. Visiting Officer Facility

Note that Grade “O” officers will not be eligible for certain allowances, performance-linked variable pay, staff loans, perquisites, benefits, and other facilities that are applicable to other full-time employees of the bank.

IDBI Junior Assistant Manager Career Growth

As per the official notification, annual increments to IDBI Junior Assistant Managers will be granted based on their performance or any other parameters determined by the bank. Additionally, Grade “O” officers may be considered for promotion to Grade ‘A’ after completing 3 years of service, subject to performance, the availability of vacancies, and other criteria outlined in the Bank’s Promotion Policy, which may be amended from time to time.