The Industrial Development Bank of India (IDBI) has announced the salary structure and career prospects for Junior Assistant Managers (JAM). This guide provides insights into the remuneration, benefits, and growth opportunities for candidates aspiring to join as Grade ‘O’ Officers.
IDBI Junior Assistant Manager Salary Package
The IDBI Junior Assistant Manager role comes with an attractive salary package that ensures financial security and professional growth.
Salary Details
- Annual Package: Rs 6.14 lakh – Rs 6.50 lakh
- Designation: Grade ‘O’ Officer
- Promotion Eligibility: After three years, eligible for promotion to Grade ‘A’ Officer
Stipend During Training
- Initial Training: Rs 5,000 per month
- Advanced Training: Rs 15,000 per month
IDBI Junior Assistant Manager PGDBF Program
To be recruited as a Junior Assistant Manager, candidates must complete a one-year Post Graduate Diploma in Banking and Finance (PGDBF). This program equips them with essential banking knowledge and hands-on experience.
Course Structure
| Phase | Duration |
|---|---|
| Classroom Training | 6 months |
| Internship | 2 months |
| On-the-Job Training | 4 months |
Upon completion, candidates get a PGDBF diploma and are appointed as (Grade ‘O’) Junior Assistant Managers in IDBI Bank, they meet the given ll eligibility criteria.
PGDBF Course Fee
- Total Cost: Rs 3,00,000 + applicable taxes
- Covers: Tuition, boarding, lodging, and related expenses
- Deferred Repayment Plan:
- Repayment in 5 annual installments
- Begins after completing 3 years of service
- Subject to performance evaluation
Career Growth Opportunities
Promotion Path
- After 3 Years: Eligible for promotion to Grade ‘A’ Officer
- Annual Increments: Based on performance assessments
- Further Progression: Opportunity to advance through managerial levels
Promotions are governed by the IDBI Bank Promotion Policy, which is periodically updated to align with organizational objectives.
Additional Benefits and Perks
IDBI Bank provides various benefits to Junior Assistant Managers, ensuring financial stability and work-life balance.
- Medical Insurance
- Provident Fund (PF) Contributions
- Pension Scheme
- Paid Leave Benefits
- Performance-Based Incentives
Frequently Asked Questions (FAQs)
1. What is the starting salary for an IDBI Junior Assistant Manager?
The annual CTC for an IDBI Junior Assistant Manager ranges between Rs 6.14 lakh to Rs 6.50 lakh, depending on the location.
2. Does IDBI provide financial assistance for the PGDBF course?
Yes, IDBI Bank offers a deferred reimbursement plan, allowing candidates to repay the course fee in 5 annual installments, starting after 3 years of service, based on performance.
3. How long does it take to get promoted from Grade ‘O’ to Grade ‘A’?
Junior Assistant Managers (Grade ‘O’) are eligible for promotion to Grade ‘A’ Officer after completing 3 years, depending on performance and vacancies.
4. What additional benefits do IDBI Junior Assistant Managers receive?
Employees enjoy medical insurance, provident fund contributions, pension benefits, paid leaves, and performance-based incentives, making it a lucrative career choice.
This comprehensive breakdown of the salary for IDBI Junior Assistant Manager and benefits ensures aspiring candidates have the necessary information to make an informed career decision.
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Sachin is a dedicated writer specializing in education, career, and recruitment topics, delivering clear and actionable insights to empower readers.