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What is the salary of Junior Assistant Manager of IDBI Bank?

IDBI Junior Assistant Manager Salary 2024: A Lucrative Opportunity in India's Banking Sector

The banking sector in India has long been regarded as one of the most stable and lucrative career paths for individuals seeking employment opportunities. Among the esteemed institutions within this sector, the Industrial Development Bank of India (IDBI) stands out, offering a range of roles suitable for aspiring professionals. One such role is that of the Junior Assistant Manager (Grade ‘O’), which not only promises a rewarding career but also offers a competitive salary package.

Upon successfully joining as a Junior Assistant Manager and completing the Post Graduate Diploma in Banking and Finance (PGDBF) course, candidates are greeted with a compensation package that ranges between ₹6.14 lakh to ₹6.50 lakh in Class A cities at the time of joining. This initial salary package places IDBI Junior Assistant Managers among the well-compensated professionals in the industry.

During the initial phase of their employment, Junior Assistant Managers undergo rigorous training to hone their skills and familiarize themselves with the intricacies of banking operations. Throughout the one-year training period, candidates receive a stipend of ₹5,000 per month. This stipend not only helps cover basic expenses but also serves as an acknowledgment of their commitment and dedication during the training period.

Furthermore, as part of their training curriculum, Junior Assistant Managers undertake a two-month internship, during which their stipend increases to ₹15,000 per month. This boost in stipend reflects the progression of their learning and the hands-on experience gained during the internship, making it a rewarding phase of their professional development.

Upon successful completion of the training program and confirmation in the role, Junior Assistant Managers transition into a more stable phase of their career. At this stage, their annual income falls within the aforementioned salary range, ensuring a steady and satisfactory financial reward for their efforts and contributions.

The salary structure and career growth prospects offered by IDBI for Junior Assistant Managers make it an attractive opportunity for individuals looking to establish a fulfilling career in the banking sector. Moreover, the institution's reputation for fostering talent and providing ample opportunities for professional advancement further solidifies its position as a preferred employer among aspiring banking professionals.

In conclusion, the IDBI Junior Assistant Manager role not only offers a competitive salary but also provides a platform for growth and development within India's esteemed banking sector. For individuals with aspirations of making a mark in this industry, this opportunity serves as a stepping stone towards a prosperous and rewarding career journey.

Exploring Career Opportunities: Junior Assistant Manager Position at IDBI Bank

IDBI Bank Limited, recognized as a development finance institution, stands as a cornerstone in India's financial landscape. Established in 1964 as the Industrial Development Bank of India, it embarked on a transformative journey, amalgamating with its commercial division in 2005 to emerge as the present-day banking entity. Under the stewardship of the Life Insurance Corporation of India and the Government of India, IDBI Bank has solidified its position, boasting an impressive aggregate balance sheet size of ₹3.74 trillion as of March 31, 2016.

One of the exciting career avenues within IDBI Bank is the Junior Assistant Manager position, offering a pathway for aspiring individuals to carve out a rewarding career in the banking sector. Here are the pertinent details regarding this opportunity:

• Position: Junior Assistant Manager
• Vacancies: 500
• Salary/Pay Range: Candidates selected for the role undergo a comprehensive 1-year Post Graduate Diploma in Banking and Finance (PGDBF) course upon qualifying the online examination and interview. During the initial 6-month training period, candidates receive a stipend of ₹5,000 per month. Subsequently, during the 2-month internship period, the stipend amount escalates to ₹15,000. Upon successful completion of the course, Junior Assistant Managers are offered a compelling CTC range between ₹6.14 lakh and ₹6.50 lakh.
• Application Mode: Online
• Selection Process: Rigorous assessments including an Online Test and Interview
• Official Website: IDBI Bank

This opportunity not only provides a platform to serve in one of India's leading banking institutions but also offers a structured learning and growth trajectory. Candidates keen on leveraging their potential in the banking domain are encouraged to seize this opportunity within the specified application window.

For more detailed insights and to access the official notification, interested candidates can refer to the official information.

Embark on your journey towards a fulfilling career with IDBI Bank, where possibilities meet potential.

 

Position	Pay Level	Salary Range	Grade Pay
Junior Scale	Not specified	Rs. 38,000 – Rs. 44,000 (Monthly In-hand Salary)	Not applicable
Senior Scale	Not specified	Rs. 55,000 – Rs. 60,000 (Monthly In-hand Salary)	Not applicable
Assistant Conservator of Forest	Level 10	Rs. 15,600 – Rs. 39,100	Rs. 5,400
Range Forest Officer	Level 8	Rs. 9,300 – Rs. 34,800	Rs. 4,800

Promotion Structure:

• Junior Time Scale (Initial Level): Rs. 56,100 – Rs. 1,32,000 (Pay Level 10)
• Senior Time Scale (5th year): Rs. 67,700 – Rs. 1,60,000 (Pay Level 11)
• Junior Administrative Grade (8th year): Rs. 78,800 – Rs. 1,91,500 (Pay Level 12)
• Selection Grade (12th year): Rs. 1,18,500 – Rs. 2,14,100 (Pay Level 13)
• Super Time Scale (16th year): Rs. 1,31,100 – Rs. 2,16,600 (Pay Level 13A)
• Senior Administrative Grade (20th year): Rs. 1,44,200 – Rs. 2,18,200 (Pay Level 14)
• Higher Administrative Grade (27th year): Rs. 1,82,200 – Rs. 2,24,100 (Pay Level 15)

These details provide a clear overview of the salary structures and promotion tracks available within the Uttar Pradesh Public Service Commission (UPPSC).

BENEFITS 

Exploring the Perks of Being an IDBI Junior Assistant Manager

The Junior Assistant Manager position at IDBI Bank not only offers a rewarding salary but also comes with a range of benefits and perks aimed at fostering professional growth and employee satisfaction. Let's dive into the enticing perks associated with this role:

• Lucrative Salary Structure: The IDBI Junior Assistant Manager Salary for the year 2024 ranges from ₹6.14 lakh to ₹6.50 lakh, encompassing various components such as basic pay, allowances, and additional emoluments.
• Comprehensive Training and Certification: Upon qualifying for the online examination and interview, candidates embark on a 1-year Post Graduate Diploma in Banking and Finance (PGDBF) course. During the 6-month training period, candidates receive a stipend of ₹5,000 per month, which increases to ₹15,000 during the 2-month internship period.
• Course Fee Reimbursement: IDBI Bank reimburses the PGDBF course fee of ₹3,00,000 through five annual instalments after three years of service completion and confirmation in the bank's employment, contingent upon satisfactory performance appraisal ratings.
• Additional Allowances: Junior Assistant Managers enjoy various allowances, including travel allowances for official travel, halting allowances during work-related halts, local conveyance for commuting, subsidised lunch facility for affordable meals, and visiting officer facility for interaction with senior officers.
• Probation Period: Upon joining as a Junior Assistant Manager, candidates undergo a 1-year probation period from the date of joining, providing an opportunity to acclimate to the role and organisation.
• Career Growth Opportunities: The IDBI Junior Assistant Manager role serves as a springboard for a promising career trajectory within the banking sector, with ample opportunities for advancement and professional development.

These perks not only enhance employee satisfaction but also contribute to a conducive work environment that nurtures talent and encourages continuous learning and skill development.

While these benefits are subject to organizational policies and may vary, they underscore the attractiveness of the Junior Assistant Manager position at IDBI Bank, making it a compelling choice for aspiring banking professionals.

For more detailed insights, interested candidates can explore the official IDBI Bank website and refer to reputable sources for additional information.

Embark on your journey as an IDBI Junior Assistant Manager and unlock a world of opportunities and growth in the dynamic banking industry!

ELIGIBILITY CRITERIA

Exploring Eligibility Criteria for IDBI Junior Assistant Manager (JAM) Position

Are you aspiring to join IDBI Bank as a Junior Assistant Manager (JAM)? It's essential to understand the eligibility criteria to ensure you meet the necessary qualifications. Let's delve into the requirements: