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

IDBI Bank has started the recruitment process for 600 vacancies of Junior Assistant Manager. Important information related to this recruitment like exam pattern, syllabus, salary structure, and other details are made available for the candidates. This article focuses exclusively on IDBI Junior Assistant Manager Salary 2024 with detailed information on probation period, allowances, and career growth prospects.

IDBI Junior Assistant Manager Salary 2024

Candidates selected under IDBI Junior Assistant Manager 2024 will receive an annual CTC between Rs 6.14 lakh to Rs 6.50 lakh (in Class A cities). This CTC will be applicable at the time of their joining and annual increments will also be provided based on performance. Also, after completing three years of service in IDBI, candidates will be promoted to the next cadre, i.e. Grade “A”.

IDBI Junior Assistant Manager Salary 2024: Overview

If you want to start your career in one of the leading banking sectors of India, then IDBI Junior Assistant Manager Recruitment is a great opportunity. Below, we are presenting a detailed overview of IDBI Junior Assistant Manager Salary 2024 for your reference.

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 as Junior Assistant Manager, candidates will have to undergo a probation period of 1 year from the date of their joining. The Bank reserves the right to extend this probation period if deemed necessary. Additionally, the candidate may be posted in any office of the Bank, including its departments, business units or 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.