CAIIB Salary 2023: Known monetary and non-monetary benefits of clearing the CAIIB exam

Twice a year, the Indian Institute of Banking and Finance (IIBF) releases the official notification for the Certified Associate of India Institute of Bankers (CAIIB) Exam. The aim of this exam is to check the development methods for dynamic and general financial administration. Only qualified bankers are eligible to take this examination. The bankers with CAIIB certificates often get a handsome salary.

In addition to the salary, the employee who effectively clear the CAIIB test gets benefits like incentive, increment, promotion, etc. Go through this post to know about the CAIIB Salary 2023 along with different benefits and perks.

CAIIB Salary 2023 Highlights

CAIIB Salary Increment

There are huge benefits that a banker gets after clearing the CAIIB exam. He not only gets the financial benefits also get many non-financial benefits. The benefits of clearing this exam can be classified into the following categories.

1. Monetary Benefits
2. Non – Monetary Benefits

Let’s discuss both these benefits in detail.

Monetary Benefits after clearing CAIIB Exam 2023

The monetary benefits are the financial benefits that a person gets after clearing the CAIIB exam. According to Indian Bank Association settlement guidelines, any permanent bank employee who is from PSUs (one of the members of IBA) is eligible to get salary increments after passing JAIIB & CAIIB exams.

In monetary benefits, there are two types of entitlement of increments.

In the case of a clerk (Salary increment after passing the CAIIB exams)

For example,

for clerical employee whose pay band is as follows – 11765-655/ 3-13730-815/ 3-16175-980/ 4-20095

In the pay band, you need to understand that the initial pay is around Rs. 11,765./- with an annual increment of Rs. 655/- till the basic pay reaches Rs. 13,730/-. After that, the amount of annual increment will be Rs. 815/- till the basic pay reaches Rs. 16750/- so and so forth.

After passing CAIIB exam pay structure of a bank clerk – Rs 11765 + Rs 655 x 3 (increments) = Rs 13730 /- Basic Pay.

In case of an officer (Salary increment after passing the CAIIB exams)

• Unlike a clerk, an officer gets only one increment in his after clearing the examination. However, non monetary benefits will remain the same.

Non Monetary Benefits after clearing CAIIB 2023 Exam

Non-monetary are the non financial benefits that you will get after clearing the CAIIB Exam 2023. We have listed some of the non monetary benefits after clearing the test.

• Getting the CAIIB certificate will help a banker to get the advanced knowledge required for better decision making in the field of Treasury Management, Risk Management, Balance Sheet Management, Credit Management, International Banking, Economic Analysis, etc.
• Having knowledge of these advanced aspects in the field of banking will help a banker in getting internal promotion too. Remember, this exam always has a good weightage in the promotional interviews. In simple words, we can say that clearing this exam gives you an edge over other candidates.
• Those who clear the JAIIB exam will get good knowledge in banking and financial services, banking technology, customer relations, basic accountancy, and legal aspects necessary for carrying out day to day banking operations.
• The banker will get more confidence in his/ her daily day to day activities at work.

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