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

With the Junior Assistant Manager Recruitment launched by IDBI for 600 vacancies, candidates are eager to know all the details about the recruitment like syllabus, exam pattern, salary etc. IDBI Junior Assistant Manager Salary 2024 is one of the motivating factors for this. Recruitment, as it offers a great package and good career prospects to its Grade ‘O’ officers. At the time of joining, candidates are entitled to receive annual CTC limit between Rs. 6.14 Lakh to Rs. 6.50 lakh.

IDBI Junior Assistant Manager Salary 2024

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

IDBI Junior Assistant Manager Salary 2024: Overview

IDBI Junior Assistant Manager Recruitment is a great 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

IDBI JAM Salary 2024 will start after the inspection of the candidates in the bank. On joining the services of the Bank as Grade ‘O’, compensation based on Cost to Company (CTC) will be between At the time of joining Rs. 6.14 Lakh to Rs. 6.50 lakh (Category A city).Annual salary increment will be given on the basis of performance or any other parameter decided by the Bank from time to time. The appointed candidates will be covered under IDBI Bank Limited New Pension Scheme. As per extant Bank norms, Grade “O” officers will 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 to the post of Junior Assistant Manager, the candidates will be on probation for 1 year from the date of joining. The probation period may be extended at the discretion of the Bank. The candidate can be posted in any of the Bank’s offices or Departments/Offices/Business Units/Associates of the Bank.

IDBI Junior Assistant Manager Service Bond

On joining the course, all selected candidates will be required to sign a service bond to serve in IDBI Bank for a minimum period of 3 years (except notice period) from the date of their employment. Alternatively, candidates can choose to pay an estimated amount of Rs. 2 lakh plus applicable taxes. Additionally, if a candidate wishes to leave the employment of IDBI Bank before completing 3 years of service, they will be required to repay any outstanding educational loan at the prevailing card rate, provided they have taken an education loan from IDBI Bank.

IDBI Junior Assistant Manager Salary 2024 Allowances

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

1. traveling allowance
2. sabbatical allowance
3. local vehicle allowance
4. Subsidized lunch facility
5. Visiting Officer Facility

Note that Grade “O” Officer Will not be eligible for certain allowances, performance linked variable pay, employee credit, perks, benefits and other facilities which are applicable to other whole-time employees of the Bank.

IDBI Junior Assistant Manager Career Development

As per official notification, IDBI Junior Assistant Managers will get annual salary hike. Provided on the basis of their performance or any other parameter 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, availability of vacancies and other criteria as mentioned in the promotion policy of the Bank, which may be amended from time to time.