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

With the Junior Assistant Manager recruitment initiated by IDBI for 600 vacancies, candidates are eager to know all the details regarding the recruitment such as syllabus, exam pattern, salary, etc. The IDBI Junior Assistant Manager Salary 2024 is one of the motivation factors for this recruitment, as it provides a handsome package to its Grade ‘O’ officers and good career prospects. At the time of joining, candidates are entitled to receive an annual CTC range between Rs. 6.14 lakhs to Rs. 6.50 lakhs.

IDBI Junior Assistant Manager Salary 2024

In the IDBI Junior Assistant Manager Recruitment 2024, the selected candidates shall receive from Rs. 6.14 lakhs to Rs. 6.50 lakhs (in a Class A city). However, they are also entitled to the annual increment based on performance. On the completion of 3 years of service in IDBI, candidates shall be promoted to the next cadre i.e. Grade “A’. In this article, we have discussed the IDBI Junior Assistant Manager Salary 2024 including various perks and allowances and growth prospects.

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 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 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 office 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 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 apply 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.