Since the time SEBI’s notification of Officer Grade A is out, a lot of aspirants have shown their curiosity over several questions on this role like the salary-structure, job profile etc. We decided to collate all the information in one article so that aspirants can apprise themselves of all the details.
First things first, SEBI is quite good an organization to work for, considering the perks and emoluments for even the smallest of expenses. Let’s have a look at the further details:
|CTC (Cost to Company)||Around Rs 11.4 lakh in cities like Mumbai & Delhi|
|Pay Scale||28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600 (17years)|
|Basic Pay||Rs 28150 per month|
|Approximate in-hand salary (with accommodation)||Rs 62000|
|Approximate in-hand salary (without accommodation)||Rs 92000|
|Allowances||Dearness Allowance, Family Allowance, Local Allowance, etc.|
Other perks and concessions are below:
- Leave Fare Concession
- Medical Expenses
- Financial Dailies
- Book Grant
- Transport Expenses
- House Cleaning Allowance
- Staff Furnishing Scheme
- Computer Allowance
- Subsidized Lunch Facility
There are different streams within SEBI- General, Legal, Electrical, IT etc. which have different sets of functions. Aspirants clearing the SEBI will be assigned to different departments. Generally, the responsibilities and duties of SEBI as an organization are below:
- Approval of stock exchanges by-laws.
- Amendment of by-laws of Stock Exchanges.
- Inspection of Accounts of Stock Exchanges and various players.
- Identify and Investigate any malpractices within Securities Markets
- Taking steps for increasing Investors knowledge on Securities Markets
- Suspension of Security Tradings of a Stock Exchange
- Granting and Withdrawing Recognition of a Stock Exchange
The next promotion for Grade A Officers is Grade B level. An employee needs to complete a service period of a minimum of 3 years. Once done, they need to apply for a promotion test. But, please bear in mind that the time required for promotion from Grade A to Grade B depends upon several factors like the internal policies and vacancies available at Grade B level. For your reference, the hierarchy in SEBI is given below:
We hope that this article would have satiated all your doubts on SEBI Officer Grade A. Let us know in the comments section if you have any other doubt in your mind. Wishing you all the best for your SEBI Grade A preparation!
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