SIDBI Grade A Eligibility Criteria 2024

SIDBI Grade A Assistant Manager eligibility  criteria is one of the main aspects that should be known before you apply for the exam. Applying for the SIDBI exam without fulfilling the SIDBI eligibility criteria will lead to the cancellation of your application. In 2023, you can see a significant change in the eligibility criteria in the SIDBI notification 2024. This year, SIDBI has left aspirants looking up to build their careers in AIFIs like SIDBI in complete shock and a little bit of disappointment. As per the SIDBI Grade A Assistant Manager notification 2024, you must fulfil all the criteria, including educational and work experience. More details on the SIDBI Grade A Assistant Manager qualification are discussed below.

SIDBI Grade A Educational Criteria 

Every candidate willing to apply for the SIDBI Grade A Exam must fulfil the eligibility criteria mentioned in the notification. Even if you know details about the eligibility criteria, you must not rely completely on that. Because SIDBI has all rights to make changes int he eligibility criteria, be it age or education. Therefor,e candidates are advised that they should apply for the SIDBI Grade A Exam, only if they fulfil the eligibility criteria completely. In case you missed any criteria to be fulfilled, your candidature will get cancelled without giving you any prior notice and you won't be able to give the SIDBI Grade A Exam. In 2023, SIDBI announced a major change in the SIDBI eligibility criteria 2024 along with the SIDBI Assistant Manager exam pattern 2024. To apply for the SIDBI Grade A Assistant Manager Exam 2024, along with the educational criteria, you must have work experience that needs to be fulfilled for you to become a SIDBI Grade A Assistant Manager. You must be aware of the SIDBI Grade A Assistant Manager qualifications as mentioned below.

Please Note: The Candidates appearing in the final year exam are also eligible to apply, provided they submit the final mark sheet and provisional/final degree certificate at the time of interview. 

PostEducation Qualification 
Assistant Manager
  • Bachelor’s degree in any subject from any recognized University / Institution with a minimum of 60% marks (SC / ST / PwBD applicants - 55%) in aggregate from Universities / Institutions recognized by GoI / UGC.

OR

  • 2. CA / CS / CWA / CFA / CMA OR Bachelor’s degree in Law / Bachelors’ Degree in Engineering with a minimum of 60% marks (SC / ST / PwBD applicants - 55%) in aggregate from Universities / Institutions recognized by GoI / UGC / AICTE.
2 years in Scheduled Commercial Banks / All India Financial Institution in areas of MSME lending (except personal loan, educational loan, Vehicle Loan, Housing Loan, etc.) OR 3 years in systemically important NBFCs in MSME lending / Non-Individual lending / Corporate Lending

Conversion from CGPA to Percentage

Also, if your University/Institute has CGPA/OGPA/CPI or other similar systems, given below is the table to check how much percentage you have scored in your Graduation. 

Equivalent CGPA/ OGPA/ CPI or Similar TerminologiesClass / DivisionAggregate % of Marks
6.75 I (First) 60%
6.25 II (Second) 55%

SIDBI Grade A Age Criteria 

Age criteria is another eligibility criterion that must be fulfilled by each and every candidate willing to apply for the SIDBI Grade A Officer Exam. You must lie within the SIDBI Assistant Manager age limit to be eligible for its recruitment process. The maximum age to apply for SIDBI Grade A is 30 years. It is important for you to understand that this year, SIDBI has added work experience to be a mandatory criterion for the Grade A officer position. Hence, the maximum Age criteria has been increased from 28 to 30 years. Further details on the Age eligibility for SIDBI Assistant Manager Grade A is given below.

PostAge Limit
Assistant Manager (General Stream) Not exceeding 30 years. (candidates born not earlier than November 09, 1993 are only eligible to apply)

SIDBI Grade A Age Relaxation 

Age relaxation is given based on the reserved categories. You should check whether you are eligible to take the benefit of that age relaxation. Generally in such an age relaxation scenario, the upper age limit is increased for the candidates belonging to the reserved categories. This is completely based on the constitutional benefits borne by the reserved categories. However, the candidates belonging to the reserved category must possess some sort of verification documents that proves they belong to that specific category in regard with religion, community or tribe. SIDBI Assistant Manager recruitment 2024  provides age relaxation to the candidates belonging to reserved categories. This relaxation in upper age varies from one reserved category to another. You need to produce a valid document for claiming age relaxation whenever asked by the bank. The detailed SIDBI Assistant Manager age relaxation is provided below.

CategoryAge Relaxation
OBC (Non-Creamy Layer) 3 years
SC/ST 5 years
Persons affected by 1984 riots 5 years
Ex-servicemen candidates (as per the provisions of Ex-Servicemen (Reemployment in Central Civil Services and Posts) Amendment Rules, 2012 ) 5 years
PwD General 10 years
OBC 13 years
SC/ST 15 years

Note: If you are a SIDBI employee, you are eligible for age relaxation.