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IDBI Executive Salary 2024, Check Job Profile and Allowances

IDBI Executive Salary 2024

IDBI (Industrial Development Bank of India) releases notification to recruit Executives (Sales & Operations) every year on a contractual basis. IDBI Executive Salary 2024 is one of the reasons, why candidates apply for IDBI Executive posts and IDBI also offers exciting career growth opportunities. As per last year’s official notification, the initial salary for an IDBI Executive is approx. Rs. 29,000. The candidates aspiring for this opportunity ought to know all about the IDBI Executive Salary 2024. The details on Salary along with allowances and benefits can keep the candidates motivated. Here in this post, we have covered the IDBI Executive Salary 2024 in detail.

IDBI Executive Salary

IDBI Executive Salary will be mentioned in the official notification of IDBI Recruitment 2024. The salary is handsome with a consolidated remuneration of Rs. 29,000/- in the first year and Rs. 31,000/- per month in the second year. The salary related to the job will increase with the passing years. Here you can get all the information on IDBI Executive Salary 2024 along with its benefits and allowances.

IDBI Executive Salary 2024: Overview

Here is a brief overview of IDBI Executive salary 2024 for the candidates. Aspirants who are willing to apply for the post of IDBI Executive should check the complete details related to IDBI Executive Salary 2024 below.

IDBI Executive Salary 2024
Organization Industrial Development Bank Of India
Exam Name IDBI Exam 2024
Post Executive
Vacancy To be notified
Category Salary
Basic Pay Rs. 29,000/-
Application Mode Online
Official Website
WhatsApp Official Channel Join WhatsApp Channel
Telegram Official Channel Join Telegram Channel

IDBI Executive Salary Structure 2024

Based on the IDBI Executive Recruitment 2024, individuals who complete a 3-year contractual service will become eligible for appointment as IDBI Executive in the Bank. In the 1st year of employment, the candidate will be getting Rs. 29,000/-. On the other hand, in the 2nd year of employment candidates will be getting Rs. 31,000/-. The selection process for this appointment will be conducted by the Bank. During the contractual period, Executives will receive a fixed remuneration in the form of a lump sum payment as outlined below under the IDBI Executive Salary Structure 2024.

IDBI Executive Salary Structure 2024
Year Salary
1st Year of Employment 29,000/- per month
2nd Year of Employment 31,000/- per month

IDBI Executive Salary 2024: Contractual Period

The appointment of the Executive will be initially on a contractual basis for the first year. Subsequently, the appointment will be reviewed annually, taking into account the candidate’s performance, completion of mandatory e-certifications, and the availability of vacancies at that time. Upon completion of 3 years of contractual service in the Executive role, candidates will have the opportunity to be appointed to the position and will be awarded a great IDBI Executive Salary 2024.

IDBI Executive Salary 2024: Allowances and Benefits

In addition to the IDBI Executive Salary 2024, candidates selected for IDBI Executive jobs permanently are entitled to various perks and benefits under the IDBI norms. These benefits may include allowances such as DA (Dearness Allowance), HRA (House Rent Allowance), and more.

IDBI Executive Salary 2024: Perks & Allowances
Perks and Benefits Description
Dearness Allowance (DA) Based on the Consumer Price Index (CPI), which is updated quarterly. The DA constitutes approximately 46% of the basic salary and may vary based on the inflation rate.
Accommodation Allowance Instead of HRA (House Rent Allowance), IDBI provides official accommodation in the form of rented accommodation.
Medical Aid IDBI offers a fixed annual amount to cover medical expenses.
Travelling Allowance IDBI provides a fixed allowance for travel expenses.
Newspaper Reimbursement The bank reimburses a fixed amount towards the cost of one newspaper every month.

IDBI Executive 2024 Job Profile and Promotion

IDBI Executive Job Profile and Promotion delivers a vast opportunity to the students. Candidates must check all the promotions that they will get in IDBI.

  • IDBI Executive
  • IDBI Assistant Manager (Grade A)
  • Manager (Grade B)
  • Assistant General Manager (Grade C)
  • Deputy General Manager (Grade D)
  • General Manager (Grade E)
  • Chief General Manager (Grade F)
  • Executive Director.


Related Post 
IDBI Executive Recruitment 2024
IDBI Executive Previous Year Papers 
IDBI Executive Syllabus 2024



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What is the IDBI Executive Salary 2024?

The starting IDBI Executive Salary 2024 is Rs. 29,000/-.

What is the contractual period of IDBI Executive?

The contractual period for IDBI Executive is 1 year. If the organization is satisfied with the performance of the individual, it may be extended for further 2 years and the salary will also increase every year.

What will be the IDBI Executive salary 2024 in the second year?

In the second year, the IDBI Executive salary will be Rs. 31,000 per month.

Are perks and allowances included in the IDBI Executive Salary 2024?

Yes, perks and allowances are included in the IDBI Executive Salary 2024.