SIDBI Grade A Salary Details, Career Prospects

SIDBI Grade A 2023 Salary Details & Career Prospects

Below are all the salary & career progression details of SIDBI Grade A:

SIDBI Grade A Salary Details

The initial basic pay for SIDBI Grade A Officer is Rs. 28,150. The pay scale for the position of officers in Grade "A" is Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years), which means that the initial basic pay provided to any Grade A Officer will be Rs. 28,150 and after 4 annual increments of Rs. 1500, it will be Rs. 34,350 (at the end of the 5th year) which will ultimately become Rs. 55,600/- after 17 years. The in-hand SIDBI Assistant Manager Salary is around Rs. 70,000/- per month including various perks & allowances.

Presently, the gross emolument includes Dearness Allowance, Grade Allowance, Special Allowance, Local Compensatory Allowance etc. Further, candidates selected for the post will be governed by "the defined contribution New Pension Scheme (NPS)'. Besides emoluments as per the pay scale given above, the posts indicated above shall carry other facilities   like   gratuity, leave fare concession (once in two years for self, spouse and eligible dependents), reimbursement of medical expenses, vehicle maintenance expenses/ allowance, lounge expenses, telephone expenses, newspaper, book grant, education expenses, allowance for furnishing the residence, interest free festival advance upto one month's gross emoluments, SIDBI's accommodations or leased flat facility in lieu thereof, Loans and Advances at concessional rates for car, housing, travel, personal computer/tablets etc., as per SIDBI's rules. Amount may vary depending upon the place of posting.

SIDBI Grade A Career Prospects

SIDBI, at its discretion, may grant not more than 4 advance increments (including JAIIB/CAIIB increments) in the pay scale in which the candidate has been offered the post, to such candidates who possess good academic qualification or special experience of value to SIDBI. However, such requests shall be examined on a case-to-case basis by SIDBI only after the candidate has reported for duty and submitted necessary documentary evidence, as required by SIDBI. The decision of SIDBI for grant of such advance increments or otherwise, as also the date of grant of such advance increments, shall be final and binding on the candidate and no correspondence in this regard shall be entertained.

Probation and posting / transfer - The selected candidates would be on probation for a period of 2 years which is extendable upto maximum 4 years at the discretion of SIDBI. The selected candidates will be liable to be posted / transferred at discretion of SIDBI to various offices/ verticals/ associates/ subsidiaries of SIDBI from time to time and on such terms and conditions as may be decided by SIDBI.