SIDBI Grade A Salary 2023, In-hand Salary, Perks and Allowances

SIDBI Grade A Salary 2023

Small Industries Development Bank of India has announced the SIDBI Grade A Salary along with the Notification PDF for the 50 vacancies of Assistant Manager. The salary is one of the factors that attract aspirants to apply for the recruitment. The net salary of SIDBI Grade A Officer comprises the basic pay along with perks and allowances. Through the given post, we have discussed the detailed SIDBI Grade A Salary 2023.

SIDBI Grade A In-hand Salary, Perks and Allowances

SIDBI offers a lucrative salary to its employees on the pay scale of 44500 – 2500(4) – 54500- 2850(7) – 74450 -EB -2850(4) – 85850 –
3300(1) – 89150 (17years) accounting the net SIDBI Grade A Salary to Rs. 90,000(approximately). SIDBI provides a great standard of living along with several benefits such as accommodation facility, home and car loan, etc. Other than the SIDBI Grade A Salary, candidates must also be acquainted with the job profile and career growth.

SIDBI Grade A Salary: Summary

SIDBI has released the SIDBI Grade A Notification 2023 for the 50 vacancies of Assistant Manager (Grade A). A complete overview of SIDBI Assistant Manager Salary 2023 has been discussed in the below table.

SIDBI Grade A Salary Structure 2023

SIDBI Grade A Salary 2023 counts to a total of 90,000/- (Approximately) on the pay scale of 44500 – 2500(4) – 54500- 2850(7) – 74450 -EB -2850(4) – 85850 -3300(1) – 89150 (17 years). Here, aspirants can refer to the complete breakdown of SIDBI Grade A Salary Structure 2023.

SIDBI Grade A Salary 2023: Deductions

The net salary received by an employee in SIDBI Grade A is subject to various deductions, including contributions towards NPS, Income Tax, Health & Education Cess, among others. Below is a summary of the deductions for SIDBI Grade A Salary 2023.

SIDBI Grade A Latest Salary Slip 2023

The SIDBI Grade A Latest Salary Slip will provide a clear overview of the salary structure provided by the organization. Here, we have provided the Pay Slip for December 2022.

SIDBI Grade A Salary 2023: Perks & Allowances

Candidates appointed for the position of Assistant Manager are benefitted with the perks and allowances. The list of SIDBI Grade A Salary Perks and Allowances are listed down here.

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

Other than the perks and allowances several benefits are also received by employees, the details of which are given below.

SIDBI Assistant Manager Salary 2023: Job Profile

The official notification outlines the responsibilities of SIDBI Grade A Officer which are as follows:

• Engage in internal management, administration, control, and monitoring functions to ensure the Bank remains flexible and responsive in light of evolving dynamics in the MSME sector and the overall economy.
• Play a crucial role in providing input for Business Analytics and the decision-making process. This involves consistently gathering market feedback and conducting research to keep the Management informed about trends in their respective areas/clusters, assisting the Bank in prioritizing various new initiatives and projects.
• Contribute to the promotion of entrepreneurship and skill development activities for the MSME sector within the Bank. This includes facilitating cooperation and coordination with various stakeholders.

• Enhance credit accessibility in the MSME, Microfinance, Startup/Venture Capital sectors through both direct and indirect credit delivery methods, while also implementing effective monitoring mechanisms.

SIDBI Grade A Salary 2023: Career Growth

Selected candidates for the position of SIDBI Grade A officer are required to undergo a probationary period lasting initially for 2 years. This period may be extended up to 4 years based on the Bank’s specific needs. Below, we outline the career progression opportunities available for SIDBI Grade A officers.

• 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