IDBI Assistant Manager Salary


Salary

IDBI Assistant Manager Salary

Once you join the IDBI Bank as Assistant Manager in Grade ‘A’ after completing your training period, your starting basic pay is Rs.36,000/- per month in the pay scale of 36000-1490(7)-46430-1740 (2) –49910–1990(7)-63840 (17 years). Besides this, you will be eligible for other allowances, reimbursements and perquisites as applicable. During your PGDBF course training period you will receive a stipend of Rs 2,500/- per for 9 months and Rs 10,000/- per month for 3 years when you will be working as an Intern. Further salary details on IDBI Assistant Manager are given below.

PostSalary
Assistant Manager Grade ‘A’
  • Stipend (during the training) -
    • During the Training Period (9 Months) - Rs. 2,500/- per month
    • During the Internship Period (3 Months) - Rs. 10,000/- per month
  • Pay scale - 36000-1490(7)-46430-1740 (2)–49910–1990(7)-63840 (17 years)
  • Salary - Rs. Rs.36,000/- per month

Before being appointed as an Assistant Manager in IDBI, you need to complete the PGDBF course as mentioned in the notification. The course fee amounts to Rs.3,50,000/- plus GST and needs to be paid in instalments as fixed during the 1-year programme. During this period you will be paid a fixed amount as a stipend. The course fees can be availed as an Education Loan, if you desire so.

You will be on probation for one year from the date of joining the IDBI Bank and is liable to be transferred to any place in/outside India. At the time of joining the course itself, you need to execute a service bond of 3 years or pay an amount of 2 Lakh plus applicable GST. In case you leave the IDBI bank prior to this, you need to clear your outstanding educational loan.

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Job Profile

Once you got designated as an IDBI Assistant Manager (AM) you will be a Scale 1 Officer. An Assistant Manager is a multitasking person who is also responsible for a dynamic workforce. Some of the responsibilities and duties that you need to perform as an IDBI Assistant Manager is mentioned below-

  • Loan processing
  • Supervision of the clerical tasks
  • Maintaining business of the branch
  • Customer Interaction

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Frequently Asked Questions

Q1:  

Is there any Guarantee bond in IDBI Assistant Manager Job?

A:  

Yes, you need to serve the IDBI bank for 3 years from the date of joining or need to pay an amount of 2 Lakh plus applicable GST as a service bond.

Q2:  

Where will be I posted as an IDBI Assistant Manager?

A:  

You can be posted at any offices of the Bank or the Bank’s associate institutions and is liable to be transferred to any place in/outside India.

Q3:  

What is the probation period for an IDBI Assistant Manager?

A:  

Selected as an IDBI Assistant Manager, you will be on a 1 year probation period from the date of joining which can be extended at bank discretion.



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