How much salary will increase, by passing the JAIIB/CAIIB exam?
The JAIIB and CAIIB exams, conducted by the Indian Institute of Banking and Finance (IIBF), are well-known among individuals in the banking industry. If you haven’t heard about these examinations yet, continue reading to learn more.
The JAIIB exam includes fundamental banking concepts, rules, and procedures, whereas the CAIIB exam provides advanced knowledge required for decision-making and practical application of banking operations.
The significance of both of these examinations cannot be overstated. Passing both of these examinations will help you grow not just professionally, in terms of your grasp of banking knowledge, pay, and career progression, but also as an individual with confidence, maturity, and a lot of experience.
In this article, you will get to know about the benefits of JAIIB and CAIIB exam.
About JAIIB and CAIIB
The Indian Institute of Banking and Finance (IIBF) is a national apex body under the Ministry of Finance of the Government of India which conducts CAIIB (Certified Associate of the Indian Institute of Banking and Finance) and JAIIB (Junior Associate of the Indian Institute of Banking and Finance). The Indian Institute of Banking and Finance (IIBF) conducts these flagship examinations twice a year.
Passing the JAIIB & CAIIB exam has various benefits if you work in the banking and financial sector. One of them is that you will receive increments. Here in this article, we’ve covered everything you need to know about the benefits of the JAIIB & CAIIB exams.
Benefits of JAIIB & CAIIB exam
Passing both of these examinations will not only help you develop professionally in terms of banking operations, salary, and job promotion, but it will also help you develop as a person with confidence, maturity, and a lot of experience. A candidate receives both Financial and Non-Financial benefits after passing JAIIB & CAIIB exams.
After passing and qualifying for the JAIIB & CAIIB examination, candidates would be eligible for an incentive, as per the Indian Banks’ Association (IBA) approved procedure. Following are the monetary benefits:
- As a bank clerk, you are entitled to one increment if you pass the JAIIB Examination, and two increments if you pass the CAIIB Examination, as per the current pay scale.
Candidates will be given a total of 3 increments if they have cleared both JAIIB & CAIIB examinations.
- When you pass the JAIIB & CAIIB exams as an officer with a nationalized bank, you are entitled to one increment in each i.e. if you are a bank officer and you have cleared both JAIIB & CAIIB exams then you will get a total of 2 increments.
In brief, candidates are going to have a gross profit of about Rs.7000 to Rs.8000 in their monthly salary, if they have cleared both JAIIB & CAIIB exams.
After passing the JAIIB & CAIIB exams, you will also get non-financial benefits in addition to pay scale increases. Here are some non-monetary benefits:
- When you pass the JAIIB & CAIIB exams, you will get a lot of banking knowledge, which will improve your banking and financial abilities or skills.
- You will gain a broad understanding of a variety of banking and financial services, customer interactions, banking technology, basic accounting, and legal aspects, all of which are necessary for everyday banking procedures.
- JAIIB & CAIIB exams and the knowledge it entails will be useful in promotional interviews, so passing the JAIIB & CAIIB exams, will make it simpler for you to get promotions.
- These exams will boost your self-confidence in everyday activities and allow you to make good decisions promptly.
JAIIB and CAIIB MAHACOMBO
For a banker, clearing the JAIIB & CAIIB exams is a win-win situation. All you need to do is study hard and give as many as mock tests possible. Our “JAIIB MAHACOMBO” and “CAIIB MAHACOMBO” Package are the best tool to improve your chances of being selected. Here, you will get everything you need to crack the JAIIB & CAIIB exams. Online Mock Test Series, Video Courses, Capsule PDFs, Full-Length mocks and Unit-wise mock tests everything is available in our “JAIIB MAHACOMBO” and “CAIIB MAHACOMBO” Package. We assure you that with the help of this, you will surely pass JAIIB & CAIIB Exams in one attempt.
Q. What are the benefits of the JAIIB and CAIIB exams?
Ans. The advantages of passing the JAIIB and CAIIB Exams include both Monetary and Non-monetary benefits.
Q. How much salary will increase by passing the JAIIB/CAIIB exam?
Ans. Candidates who pass both the JAIIB and the CAIIB exams would earn a salary increment of around Rs.7000 to Rs.8000 each month.
Q. Does JAIIB/CAIIB helps in promotions in Banking sector?
Ans. Yes, in order to be eligible for a fast-track promotion exam, certain banks have made passing the JAIIB and CAIIB exams necessary.