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SIDBI Grade A Salary 2022 Assistant Manager Salary Structure, Pay Scale, Career Growth

SIDBI Grade A Salary 2022: Small industries and development bank of India is one of the specialized financial institutions which works for the growth & development of the MSME sector. The thing which attracts most of the aspirants towards this organization is their wonderful salary package. A newly selected SIDBI Grade A officer will get the initial basic pay of 28,150 along with several perks & allowances. The in-hand salary of an SIDBI Grade A officer will be around 70,000 thousand rupees approximately. SIDBI offers you a great standard of living by providing facilities like bank’s accommodation/leased flat facility, loan facility for home & car etc. In this article, we have covered all the details of the SIDBI Grade A Salary 2022, interested candidates can check below.

 

SIDBI Grade A Admit Card 2022 Download Link

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SIDBI Grade A Salary 2022: Salary Structure

The post which SIDBI offers at entry-level is Assistant Manager Grade A, if you are curious to know what salary you will get after selection then you must check the latest salary structure which is given below:

Name of the post Salary
Assistant Manager Grade A 28150-1500(4 Increments)-34350

34350-1750(7 Increments)-46600

46600-EB-1750(4 Increment)-53600

53600-2000-55600

After 17 years of service, the basic salary will be 55600

Net Salary-70000/ Rupees approx

Apart from salary, SIDBI Grade A Assistant manager will also get other facilities, the brief description of which is given below

Facilities Provided to SIDBI Grade A
  • Pension
  • Gratuity
  • Leave Fare Concession
  • Reimbursement of medical expenses
  • Reimbursement of vehicle maintenance
  • Vehicle Loan
  • Housing Loan
  • Bank’s accommodation/Leased Flat Facility

SIDBI Grade A Apply Online 2022

SIDBI Grade A Salary 2022

SIDBI Grade A officers will get a basic initial pay of 28150 along with some allowances. Aspirants can check the break up of salary structure below

SIDBI Grade A salary
Basic Pay 28150
Increment 4 Stagnation Increments
Local Allowance 5% of Pay
House Rent Allowance 10% of Pay
Family Allowance 4% of Pay
Grade Allowance 6000
Special Allowance 6500
Special Compensation Allowance 625
SIDBI Grade A Special Pay 2000
Net Salary 70,000

Click here to check SIDBI Grade A syllabus and exam pattern 2022

SIDBI Grade A Salary 2022: Perks and Allowances

SIDBI offers its employees a lucrative salary package including various perks and allowances. Candidates can check the list of perks and allowances given below

  • City Compensatory Allowance
  • Family Allowance
  • Special Allowance
  • House Rent Allowance
  • Dearness Allowance
  • Learning Allowance
  • Grade Allowance
  • Local Allowance

SIDBI Grade A Salary 2022: Job Profile

As per the official notification released candidates can check the job profile of SIDBI Grade A officer which is given below

  1. participate in internal management/administration, control and monitoring related functions to ensure that the Bank remains an adaptable and responsive organization amidst changing dynamics of MSME sector and overall economy. 
  2. To be key input providers in Business Analytics and decision-making process by gathering regular market feedback/research and update the Management with the trends in their areas/clusters to assist Bank in prioritization of various new
    initiatives and projects
  3. Contributing in entrepreneurship promotion & skill development activities of the Bank for the MSME sector, including facilitating co-operation and co-ordination with various stakeholders
  4. Augmenting credit penetration in MSME, Microfinance, Startup/Venture Capital Sector through Direct / Indirect Credit Delivery and Monitoring Mechanisms.

SIDBI Grade A Salary 2022: Career Growth

Candidates who will be Selected as SIDBI Grade A officer need to complete the probation period which is of 2 years but can be extended to 4 years as per the bank’s requirement. Here we have given below, the career growth of the SIDBI Grade A officer.

  • SIDBI Grade A Officer( Entry-level)
  • SIDBI Grade B officer
  • Private Secretary in Grade B
  • SIDBI Grade C officer
  • SIDBI Grade D officer
  • SIDBI Grade E officer
  • SIDBI Grade F officer
  • Executive Director

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FAQs: SIDBI Grade A Salary 2022

Q. What is the in-hand salary of a SIDBI Grade A officer?
Ans. The in-hand salary of a SIDBI Grade A officer is 70000 rupees.

Q. What is the Initial Basic Pay of SIDBI Grade A officer?
Ans. The initial basic pay of a SIDBI Grade A officer is 28150

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