EXIM Bank MT Salary 2024, Job Profile, Pay Scale, Perks and Allowances

EXIM Bank MT Salary 2024

Salary is one of the biggest aspects for any Government job aspirant to apply for any specific profile or organisation. Therefore, we believe that every student should get the relevant information regarding the salary of any profile in any government organisation that will help you to make a quick and effective decision of whether to apply or not to apply for the post. In this page, you will get all the necessary insights about the salary structure, job profile and benefits & allowances of a Management trainee of the EXIM Bank. EXIM Bank is yet to announce the 2024 notification to recruit eligible youth as Management Trainees. The official notification will have all the details regarding EXIM Bank eligibility criteria, syllabus and exam pattern, EXIM Bank MT salary and other aspects. 

The EXIM Bank MT salary comprises the monthly stipend that one draws at the time of joining the bank. Upon joining the bank, you will be considered an EXIM Bank Management Trainee and will be paid a monthly stipend of Rs. 55,000. After completing one year of training as a Management Trainee, you will be absorbed in Grade/Scale of Junior Management (JM-1) as Deputy Manager. The current CTC of the Deputy Manager is Rs. 17 lakh per annum (approximately). 

Detailed information regarding the EXIM Bank Management Trainee salary structure has been provided in the table below. Any changes or revision in the EXIM Bank MT salary will be announced with the upcoming EXIM Bank MT notification 2024, in due course. 

EXIM Bank MT Perks and Allowances

Upon being selected as a Deputy Manager, you will be eligible for allowances, perquisites and benefits, as applicable to the Grade as per the Bank’s rules, prevalent at the time of joining.

As per the EXIM Bank Management Trainee notification for 2023, MTs become eligible for various benefits and allowances after completing their one-year training program. Here's a list of these perks:

• The Bank offers Leave Travel Allowance (LTA) for employees to travel within India.
• The bank specifies that it will provide accommodation if available; otherwise, leased accommodation may be arranged.
• Employees receive House Rent Allowance (HRA), which helps cover their house rent expenses, with the amount varying based on their city of residence.
• Dearness Allowance (DA) is provided to offset the impact of inflation.
• EXIM Bank offers comprehensive medical assistance to assist employees and their dependent family members in covering medical costs.
• The bank has various loan schemes for housing, vehicle purchases, personal computers, and children's education, among others.

Service Bond

At the time of joining the Bank, you will have to execute a personal bond for ₹ 3 lakh to serve the Bank for one year as a Management Trainee from the date of joining the Bank. You will also have to execute a service bond of a minimum of 5 years as Deputy Manager from the date of absorption.

EXIM Bank MT Job Profile

After getting selected as an EXIM bank MT, you will be given some day-to-day responsibilities. However, it is essential for you to know about those responsibilities before getting into the enrollment process for the EXIM bank MT exam. Here is the list of key responsibilities, which we have jotted down for you to get you introduced about the job riles you are going to get after being an EXIM Bank MT.  

• Learning and Training:
• Participate in training programs to understand banking operations, policies, and procedures.
• Learn about international trade, finance, and banking regulations.
• Rotational Assignments:
• Rotate through different departments to gain exposure to various functions such as credit, risk management, international finance, and customer service.
• Supporting Operations:
• Assist in day-to-day operations including processing transactions, handling customer inquiries, and managing documentation.
• Analyzing Data:
• Analyze data related to international trade transactions, market trends, and financial reports to support decision-making processes.
• Project Assistance:
• Contribute to special projects assigned by senior management, which may involve research, analysis, and presentation of findings.
• Customer Interaction:
• Interact with customers to understand their needs, provide assistance, and promote banking products and services.
• Compliance and Regulations:
• Ensure compliance with banking regulations, policies, and procedures to maintain the integrity and security of banking operations.
• Professional Development:
• Continuously improve skills and knowledge through self-study, training sessions, and mentorship opportunities provided by the bank.
• Team Collaboration:
• Work collaboratively with colleagues and supervisors to achieve departmental goals and objectives.
• Adaptability:
• Adapt to changes in the banking industry, market conditions, and organizational priorities to fulfill job responsibilities effectively.

EXIM Bank MT Career Growth

Getting into the EXIM Bank as a Management Trainee is no less than a matter of pride. You will witness a series of opportunities after you work as an MT at EXIM Bank. EXIM Bank provides excellent growth prospects for newly appointed Management Trainees. Within just one year, these trainees are promoted to the position of Deputy Manager with a total CTC of 17 lakhs. Below is the Promotional structure of the a EXIM Bank MT:

(The profile order is in ascending format)\

• Assistant Manager (AM):

As an Assistant Manager, you'll take on more responsibility, managing small projects and teams. You'll gain hands-on experience in various departments and start building leadership skills.

• Manager:

As a Manager, you'll lead teams and projects, making strategic decisions to achieve departmental goals. You'll oversee day-to-day operations, mentor junior staff, and play a key role in driving the bank's growth.

• Senior Manager:

Senior Managers are responsible for larger portfolios and initiatives within the bank. You'll provide guidance to managers, develop long-term strategies, and represent the bank in external forums and partnerships.

• Assistant General Manager (AGM):

As an AGM, you'll hold a senior leadership position, overseeing multiple departments or regions. You'll be involved in formulating policies, managing budgets, and driving organizational change to enhance efficiency and profitability.

• Deputy General Manager (DGM):

DGMs play a crucial role in shaping the bank's direction and vision. You'll collaborate with top management to develop strategic plans, evaluate risks, and ensure compliance with regulatory requirements. You'll also represent the bank in high-level negotiations and partnerships.

• General Manager (GM):

General Managers are top executives responsible for the overall performance and direction of the bank. You'll set goals, define strategies, and lead the executive team in achieving business objectives. Your decisions will have a significant impact on the bank's success and reputation.

• Executive Director (ED):

Executive Directors hold top-level positions in the bank's leadership hierarchy. You'll work closely with the board of directors, government agencies, and other stakeholders to shape policies and drive innovation. Your leadership will steer the bank towards sustainable growth and global competitiveness.

• Managing Director (MD):

As the highest-ranking executive, the Managing Director is the face of the bank and the ultimate decision-maker. You'll provide visionary leadership, foster a culture of excellence, and ensure the bank's long-term viability and success in the global marketplace. Your strategic vision will shape the legacy of the organization.