Hello @kartik,
The first function calls an action via ajax on my controller and passes two parameters.
        function redirectToAction(var1, var2)
        {
            try{
                var url = '../actionnameinsamecontroller/' + routeId;
                $.ajax({
                    type: "GET",
                    url: url,
                    data: { param1: var1, param2: var2 },
                    dataType: 'html',
                    success: function(){
                    },
                    error: function(xhr, ajaxOptions, thrownError){
                        alert(error);
                    }
                });
            }
            catch(err)
            {
                alert(err.message);
            }
        }
Use the ajaxStart to start your progress bar code.
           $(document).ajaxStart(function(){
            try
            {
                // showing a modal
                $("#progressDialog").modal();
                var i = 0;
                var timeout = 750;
                (function progressbar()
                {
                    i++;
                    if(i < 1000)
                    {
                        // some code to make the progress bar move in a loop with a timeout to 
                        // control the speed of the bar
                        iterateProgressBar();
                        setTimeout(progressbar, timeout);
                    }
                }
                )();
            }
            catch(err)
            {
                alert(err.message);
            }
        });
When the process completes close the progress bar
        $(document).ajaxStop(function(){
            // hide the progress bar
            $("#progressDialog").modal('hide');
        });
Hope it helps!