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Salary is an important factor for every job post, which attracts the candidates to work hard for better preparation. The Industrial Development Bank of India (IDBI) has released the IDBI Junior Assistant Manager Notification 2025 PDF on 26th February 2025 for a total of 650 vacancies of Junior Assistant Manager (JAM) Grade ‘O’ posts. Candidates appointed for the Junior Assistant Manager post will be eligible to receive lucrative annual packages, allowances, and job security. Go through the complete article to know about IDBI Junior Assistant Manager Salary 2025 and various allowances and perks.
IDBI Junior Assistant Manager Salary 2025
Candidates will be hired for the post of IDBI Junior Assistant Manager under IDBI Junior Assistant Manager Recruitment 2025 based on Online Examination and Interviews. Applicants who successfully progress beyond the interview phase will have the opportunity to take part in a carefully planned training and internship program. Throughout this program, participants will receive a monthly stipend. After completing an internship and starting with IDBI Junior Assistant Manager Grade ‘O’, the remuneration on a CTC basis at the time of joining will range from Rs 6.14 lakh to Rs 6.50 lakh per annum (Class A city).
IDBI JAM Salary Structure
IDBI JAM (Junior Assistant Manager) Salary Structure consists of both fixed and variable elements. Candidates will receive a monthly stipend of Rs. 5,000 during the first 6-month training period. Following the completion of the training, a 2-month internship will be offered with a stipend increase of Rs. 15,000 per month. This framework guarantees a competitive and gratifying compensation package that aligns with industry standards.
IDBI Junior Manager Salary Structure | |
Particulars | Salary |
During 6 months training period | Rs. 5,000/- per month |
During 2 months internship | Rs. 15,000/- per month |
Full-time IDBI JAM | Rs. 6.14 lakh to Rs. 6.50 lakh per year |
IDBI Junior Assistant Manager Allowances
The IDBI Junior Assistant Grade “O” officers will be offered TA/HA, local conveyance, subsidized lunch facility, and Visiting Officer Facility and other allowances. Allowances play a significant role in determining a substantial portion of the income. There are various Allowances provided with the IDBI Junior Assistant Manager per month salary. These allowances include:
- House Rent Allowance
- City Compensatory Allowance
- Special Allowance
- Conveyance Allowance
- Medical Allowance
- Entertainment Allowance
- Newspaper Allowance
- Travel Allowance
- Lease Allowance
IDBI Junior Assistant Manager Career Growth and Promotion
IDBI Junior Assistant Managers are expected to receive their annual salary increments based on their performance or other criteria established by the bank, according to the official notice. The Bank’s Promotion Policy provides that Grade “O” officers may be eligible for promotion to Grade ‘A’ after serving for three years as long as they meet performance standards and if there are job openings. This promotion opens the door for further professional growth within the Bank by bringing with it increased responsibility and an improved pay scale.
IDBI Junior Assistant Manager- Service Bond
All appointed candidates for Junior Assistant Manager will have to execute a Service Bond for serving IDBI Bank for a minimum period of 3 years, excluding the notice period. If a candidate leaves IDBI Bank before completing 3 years, they will be required to pay a notional amount of Rs. 2 lakh plus applicable taxes. Additionally, if the candidate has taken an educational loan from IDBI Bank, they must repay any outstanding dues at the applicable interest rate before leaving the bank.