The 2023-24 salary for the position of Assistant Manager (Grade A) at the Small Industries and Development Bank of India (SIDBI) offers significant advantages to prospective applicants. Candidates undergo a standardized selection process to attain the Grade A (Assistant Manager) designation. It is crucial to explore the SIDBI Grade A salary, Salary structure and job responsibilities associated with the SIDBI Grade A vacancy. SIDBI offers a competitive salary package along with additional benefits. To gain a comprehensive understanding on SIDBI Grade A Salary, Salary Structure, perks, allowances, and more, we recommend delving into the following article. Keep reading for comprehensive insights into the SIDBI Salary 2023-24.
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SIDBI Grade A Salary Overview
If you have a keen interest in joining SIDBI as a Grade A Officer, it’s advantageous to familiarize yourself with the job description and professional responsibilities of a SIDBI Grade A Assistant Manager, as well as gain insight into what your career might entail if you successfully secure the position. In this article you can read about the SIDBI Grade A salary, Job responsibilities, Career Growth and the benefits.
| Organization | Small Industries and Development Bank of India (SIDBI) |
| Post Name | Assistant Manager (Grade A) |
| Category | General |
| Online Registration | To be notified |
| Number of Vacancy | To be notified |
| Exam Level | National |
| Selection Procedure | Online Exam followed by Interview |
| SIDBI Grade A Salary | Rs. 70,000 |
| Official Website | http://https//www.sidbi.in/ |
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SIDBI Grade A Salary
If the Candidate is going to start the career as SIDBI Grade A Assistant Manager then it is very important to understand the salary and the breakup of the salary. Here are the table mentioned below all the details related to the SIDBI Grade A salary
| SIDBI Grade A Salary Overview | |
| Basic Pay | Rs. 28,150/- |
| Pay Scale | Rs. 28,150-1,500(4)-34,350-1,750(7)-46,600-EB-1,750(4)-53,600-2,000(1)-55,600 (17 years) |
| Increments | 4 stagnation increments |
| Grade Allowance | Rs. 6,000/- |
| Family Allowance | 4% of the pay |
| House Rent Allowance | 10% of the pay |
| Local Allowance | 5% of the pay |
| Special Compensation Allowance | Rs. 625/- |
| Special Allowance | Rs. 6,500/- |
| SIDBI Grade A Special Pay | Rs. 2,000/- |
| SIDBI Grade A Salary ( Net Salary) | Rs. 70,000/- |
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SIDBI Grade A Salary Perks & Benefits
In addition to the fundamental pay scale, the compensation package for SIDBI Grade A employees encompasses various allowances, such as:
- Dearness Allowance
- House Rent Allowance
- Traveling Allowance
- Children Education Allowance
- Medical Facilities
- Refreshment Allowance
- Leave Travel Allowance
- Subsistence Allowance
- TA on Retiring
- TA on Transfer
SIDBI Grade A Salary: Job Profile
To make an informed decision when applying for a job, it is crucial to have a comprehensive understanding of the job’s responsibilities. Hence, it is highly recommended that you thoroughly examine the job profile of a SIDBI Assistant Manager to determine if it aligns with your skills and preferences, and vice versa.
- Enhancing the accessibility of credit in the Micro, Small & Medium Enterprises, Microfinance, Startup/Venture Capital sectors by improving credit delivery.
- Supplying necessary insights in the realm of Business Analytics and the decision-making process based on feedback and research as needed.
- Participating in activities that support the promotion of entrepreneurship and the development of skills at SIDBI.
- Keeping the management informed about the most current trends in their respective domains to help in prioritizing new projects for the bank.
- Guaranteeing that SIDBI sustains its dynamism in relation to the MSME sector and the broader Indian economy.
- Overseeing and actively engaging in the internal management and administration of the bank.
- Handling any additional tasks assigned by SIDBI.
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SIDBI Grade A Salary: Career Growth
Applicants chosen for the role of SIDBI Grade A Officer are required to successfully complete a probationary period lasting two years, which may be extended to four years based on the bank’s needs. Below, we outline the career progression opportunities for SIDBI Grade A Officers.
Assistant Manager→ Manager → Assistant General Manager → Deputy General Manager → General Manager→ Chief General Manager → Executive Director → Deputy Managing Director → Chairman & MD→ Board of Director
Conclusion: In the pursuit of a rewarding career in banking, understanding the intricacies of SIDBI Grade A salary and career advancement opportunities is vital. With competitive compensation packages and promising growth prospects, this role offers a pathway to professional success. A comprehensive grasp of these aspects ensures that aspirants can make informed decisions and embark on a fruitful journey with the Small Industries Development Bank of India. Check other Important information regarding SIDBI Grade A Click Here
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