SIDBI Assistant Manager Salary 2024, Job Profile, Pay Scale

SIDBI Grade A Salary 2024

The SIDBI Assistant Manager job is considered to be a highly lucrative opportunity for all banking aspirants. This prestigious position offers tremendous growth potential and attractive benefits, making it a sought-after career choice for many individuals in the banking sector. As an SIDBI Assistant Manager, one would be joining the ranks of Grade A officers, which signifies the level of responsibility and authority associated with the role.

 The SIDBI Assistant Manager job stands as an excellent opportunity for individuals aspiring to build a successful career in the banking industry. It offers a challenging yet rewarding work environment and opens doors to a host of growth prospects. With its prestigious Grade A status, this position truly has the potential to shape a promising future for banking aspirants.

 The starting salary for an SIDBI Grade A Officer is Rs. 44500/-. The salary structure for Grade "A" officers is Rs. 44500 - 2500(4) - 54500 - 2850(7) – 74450 -EB - 2850(4) – 85850 - 3300(1) - 89150 (17 years). This means that the initial basic pay for a Grade A Officer is Rs. 44500/-. After 4 annual increments of Rs. 2500, it will increase to Rs. 54500/- (after the 5th year), and ultimately reach Rs. 89150 after 17 years. The take-home salary for an SIDBI Assistant Manager amounts to around Rs. 90,000/- per month, which includes various benefits and allowances.

 For further details on the SIDBI Assistant Manager salary have a look at the table below.

SIDBI Grade A Perks & Allowances

Besides the SIDBI Assistant Manager pay scale as mentioned above, you will be eligible for other facilities. Some of the perks and allowances that you will receive are mentioned below.

• Dearness Allowance
• Grade Allowance
• Special Allowance
• Local Compensatory Allowance
• Gratuity
• Leave fare concession
• Medical expenses reimbursement
• Telephone expenses
• Newspaper
• Internet allowance
• Loans and Advances at concessional rates
• Education Expenses
• Vehicle maintenance expenses
• Book Grant Allowance
• Furniture Allowance

You will also be covered under the New Pension Scheme.

SIDBI Grade A Probation Period

Starting your career as a SIDBI Grade A Officer means you'll have a 2 years probation period, which could be extended to 4 years. During this time, you'll learn and grow in your banking role. You might also be asked to work in different SIDBI offices as needed. Think of it like a journey where you'll gain valuable experience. You'll need to be flexible and open to change, just like an explorer in new lands. This probation period is your chance to build a strong career in banking and make a positive impact at SIDBI.