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SEBI Grade A Salary

By Reena Pal | Updated on: Dec 12, 2022

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SEBI Grade A Salary 2023

SIDBI Grade A (Assistant Manager) Salary

SEBI offers an attractive salary to those who are selected for the post of Assistant Manager under Grade ‘A’. Furthermore, SEBI Grade A salary structure 2023 has been changed with effect from November 1, 2017. The basic pay of a SEBI Grade A Officer has been increased from Rs 28,150 to Rs 44,500 / month. Further details on SEBI Officer Grade A salary is given below.

PostExisting SalaryRevised Salary
Grade A Officer (Assistant Manager)
  • Pay Scale - Rs. 28150-1550(4)-34350-1750(7)-46600-EB1750(4)-53600-2000(1)-55600 (17 years).
  • Salary - Rs. 1,15,000 per month (without accommodation) and Rs. 80,500 monthly (with accommodation)
  • Benefits - Leave Fare Concession, Medical Expenses, Eye Refraction, Education Allowance, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for Purchasing Computers, Subsidized Lunch Facility
  • Pay Scale - Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850—3300(1)-89150 (17 years)
  • Salary - Rs. 1,35,000 per month (Approx.)
  • Benefits - Special Pay, Special Functional Pay, Dearness Allowance, Local Allowance, City Compensatory Allowance, Family Allowance, Special Compensatory Allowance, Grade Allowance, Learning Allowance, Personal Fixed Allowance

SEBI Grade A Allowances

Besides the basic salary, a SEBI Grade A Officer is also entitled to various allowances like DA, family allowance, city compensatory allowance, grade allowance and many more as mentioned below. However, residential accommodation will depend on availability.

Grade A Officer (Assistant Manager) AllowanceAmount (per month)
Special Pay Rs. 3,300/-
Special Functional Allowance Rs. 4000/-
Local Allowance Rs. 3,450/-
City Compensatory Allowance Rs. 2,500/-
Family Allowance Rs. 2,850/-
Special Compensatory Allowance
  • Up to Rs. 1,20,850/- - Rs. 500/-
  • Above Rs. 1,20,850/- - Rs. 625/-
Grade Allowance 14% of basic pay, subject to a minimum of Rs. 10,400/-
Special Allowance 16.4% of basic pay, subject to a minimum of Rs. 11,000/-
Learning Allowance Rs. 2,500/-
Personal Fixed Allowance Rs. 3,850/-

SEBI Grade A Job Profile

Upon selection, you will be appointed as an Assistant Manager in Grade A, and will be on probation for a period of 2 years. As there are various streams, therefore, your SEBI Grade A job profile will depend on the stream you choose while filling the application form. With every single stream you choose, you will be assigned different departments in SEBI.

SEBI Grade A posting will be in its headquarter located in Mumbai during the training period. But you can be posted and transferred to any location in India where SEBI has its Offices and to any department, irrespective of your stream.

SEBI Grade A Roles and Responsibilities

As a SEBI Grade A Officer, you will be required to perform the following duties.

  • Approving and amending stock exchanges by-laws.
  • Inspecting accounts of stock exchanges and various players.
  • Identifying and investigating any malpractices within the securities market.
  • Taking steps for increasing investors' knowledge of the securities market.
  • Suspending security trading of a stock exchange.
  • Granting and withdrawing recognition of a stock exchange.
  • Looking after the legal issues of SEBI.

SEBI Grade A Scope and Promotion

SEBI Grade A Officer promotion to Grade B will take place through a promotion test. Also, you must have undergone a service period of minimum 3 years to become eligible for the promotion to Grade B. However, the time required for the promotion from Grade A to Grade B also depends on SEBI’s internal policies and vacancies available at the Grade B level. Generally, the procedure that is followed for promoting SEBI Assistant Managers to Grade B is given below-

Junior Assistant → Grade A → Grade B → Grade C → Grade D → Grade E → Grade F → Executive Director.

You will also receive a Grade allowance as per your hierarchy mentioned below

Grade% of Basic Pay (rounded to the nearest rupee)
Grade F 24% of basic pay
Grade E 22% of basic pay
Grade D 18% of basic pay
Grade C 16.5% of basic pay, subject to a minimum of Rs. 14,500/-
Grade B 14% of basic pay, subject to a minimum of Rs. 11,500/-
Grade A 14% of basic pay, subject to a minimum of Rs. 10,400/-
Junior Assistant 10% of basic pay, subject to a minimum of Rs. 3,500/-

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FAQs

Is the SEBI Grade ‘A’ examination in ONLINE or OFFLINE mode?
SEBI Grade ‘A’ 2023 exam will be in online mode.
Yes. SEBI Grade ‘A’ exam will have sectional cut-off along with the overall cut off.
The minimum age of the candidates must be 21 years & maximum age limit is 30 years.
A candidate who is selected for the SEBI Grade A post is designated as Assistant Manager.
Yes, once you are selected as a SEBI Grade A Officer, you will have to serve a probation period of 2 years.
Yes, SEBI does provide accommodation to its employees but is subjected to availability.
Yes, you might get transferred to any location within the country wherever the offices of SEBI may exist.

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