CAIIB Exam Information 2024

Certified Associate of Indian Institute of Bankers is the full name of the association. This test is given twice a year by the Indian Institute of Banking and Finance (IIBF). This institute was established in 1928, and since then, it has overseen approximately 700 banks and other financial institutions.

The IIBF holds the CAIIB exam twice yearly, often in June and December. The only applicants who can apply for the CAIIB exam are those who passed the JAIIB exam. The CAIIB exam is well-known in the banking industry because those who pass it can get early promotions, pay raises, allowances, and other non-cash perks in their careers.

Regarding this, the exam's main goal is to provide students with in-depth knowledge of the banking industry, enabling them to make wiser judgments and guarantee the efficiency of banking operations.

CAIIB Job Description

The CAIIB offers a chance for candidates who are chosen to have their job profile upgraded. The roles and obligations given to candidates after passing the exam vary depending on the professional's work position.

• For applicants working at the Clerical level.

Some of the tasks performed by a person working as a bank clerk include checking authentication and confirming the authenticity of the papers customers provide. In addition to this, the clerks would be responsible for looking after important documents such as cash and keys.

• For applicants positioned at the officer level

Probationary officers in the bank will be assigned extra responsibilities, such as overseeing the opening and closing of bank accounts, verifying loan applicants' eligibility, and keeping a positive client relationship.

In addition, students who pass the exam will have an advanced understanding of international banking, credit management, risk management, treasury management, balance sheet management, etc.

CAIIB Pay Scale Details

Exam candidates are typically keen to learn about the most important component of the position they are pursuing, which is the pay. I have no doubt that the CAIIB exam would be the same.

The rise in pay awarded to applicants through salary increments, allowances, bonuses, and other incentives is a significant aspect of the CAIIB exam.
The increase made to the selected individuals' base pay will now be contingent upon their current work profile within the bank.

• Bank Tellers/ clerks

The candidate employed in clerical work will be qualified for two raises in base pay, resulting in the following compensation for the clerk:

As an illustration Rs 13,730 /- (Basic) = Rs 11, 765 + Rs 655 x 3 (Increments)

• Probationary Officers (PO)

On the other hand, bank officers are entitled to a single pay increase. You can be accompanied by several other CAIIB allowances and other benefits in addition to the pay increases.