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SIDBI Grade A Salary 2022-23: The candidates aspiring to work as Assistant Manager in the Small industries and development bank of India would be curious to know the SIDBI Grade A Salary 2022-23. SIDBI offers a lucrative amount of salary along with perks and allowances to Grade A Officers. Candidates can check all the details related to SIDBI Grade A Salary 2022-23 such as basic pay, allowances, and other benefits from the article below.
SIDBI Grade A Salary 2022-23
Candidates should be updated with the SIDBI Grade A Salary 2022-23 along with their job profile and career growth. A SIDBI Grade A Officer will receive the initial basic pay of 44,500 along with several perks and allowances. The in-hand salary of a SIDBI Grade A employee will be around 70,000 thousand rupees approximately. SIDBI offers the employees a great standard of living by providing facilities like bank accommodation/leased flat facility, loan facility for home and car, etc.
SIDBI Grade A Salary 2022-23: Overview
Aspirants can get an overview of SIDBI Grade A Salary 2022-23 in the below table.
| SIDBI Grade A Salary 2022-23: Overview | |
| Organization | Small Industries and Development Bank of India |
| Exam Name | Grade A Exam 2022 |
| Post | Assistant Manager |
| Vacancy | 100 |
| Notification Date | 13th December 2022 |
| Application Date | 14th December 2022 |
| Exam Date | 28th January 2023 |
| Official website | www. sidbi.in |
| SIDBI Grade A Salary 2022-23 | Check This Post in Hindi |
SIDBI Grade A Salary 2022-23: Salary Structure
SIDBI Grade A officers will get a basic initial pay of 44500 along with some allowances. Aspirants can check the break up of salary structure below
| SIDBI Grade A salary 2022-23 | |
| Basic Pay | 44500.00 |
| Grade Allowance | 6250.00 |
| Special Allowance | 8250.00 |
| Dearness Allowance | 23196.32 |
| Local Compensatory Allowance | 4005.00 |
| Special Perquisite Allowance | 7383.00 |
| Coin Element | 0.68 |
| Learning Allowance | 600.00 |
| Deductions | 18112.00 |
| Net Salary | 76,073.00 |
SIDBI Grade A Salary 2022-23: Deductions
The net SIDBI Grade A salary received by an employee is after making the deductions. The deductions are made for several reasons such as for NPS, Income Tax, Health & Education Cess, etc. Here, in the given table we have summarized the SIDBI Grade A Salary 2022-23 Deductions.
| SIDBI Grade A Salary 2022-23: Deductions | |
| Name of the Deduction | Amount |
| National Pension System | 7395.00 |
| Income Tax | 7099.00 |
| Health & Education Cess | 284.00 |
| Profession Tax | 200.00 |
| Lounge Recoveries | 400.00 |
| House Rent | 334.00 |
| Additional Rent | 2000.00 |
| Officer Association Subscription | 100.00 |
| Mass Monthly Subscription | 300.00 |
| Total Deduction | 18112 |
SIDBI Grade A Latest Salary Slip 2022-23
Aspirants preparing for SIDBI Grade A Exam 2022-23 would be curious to have a look of the SIDBI Grade A Latest Salary Slip. Here, we have provided the SIDBI Grade A Pay Slip for December 2022.
SIDBI Grade A Salary 2022-23: 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
Apart from salary, SIDBI Grade A Assistant manager will also get other facilities, a brief description of which is given below.
| Facilities Provided to SIDBI Grade A Employee | |
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SIDBI Grade A Salary 2022-23: Job Profile
As per the official notification released candidates can check the job profile of SIDBI Grade A officer which is given below
- 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.
- 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 - Contributing in entrepreneurship promotion & skill development activities of the Bank for the MSME sector, including facilitating co-operation and co-ordination with various stakeholders
- Augmenting credit penetration in MSME, Microfinance, Startup/Venture Capital Sector through Direct / Indirect Credit Delivery and Monitoring Mechanisms.
SIDBI Grade A Salary 2022-23: 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
Related Post:
| SIDBI Grade A Syllabus 2022 | SIDBI Grade A Apply Online 2022 |
| SIDBI Grade A Cut-Off 2022 |
