Small Industries Development Bank of India has released the official notification PDF for the recruitment of 50 Officer Grade A Assistant Manager SIDBI Grade A Salary details. Attractive salary package is a major motivator for the candidates to apply for this recruitment drive. The net salary of SIDBI Grade A Officer includes the basic salary as well as various allowances and perks. In this post, we have provided detailed SIDBI Grade A Salary 2024.
SIDBI Grade A In-Hand Salary, Perks and Allowances
SIDBI offers attractive salaries to its employees in the pay scale of Rs 44500 – 2500(4) – 54500- 2850(7) – 74450 -EB -2850(4) – 85850 – .
3300(1) – 89150 (17 years) accounting for net SIDBI Grade A salary. 1,00,000(approx). SIDBI provides a great standard of living along with many benefits like housing facilities, home and car loans etc. Apart from SIDBI Grade A salary, candidates should also be familiar with the job profile and career growth.
SIDBI Grade A Salary: Summary
SIDBI has issued sidbi recruitment 2024 For 50 vacancies of Assistant Manager (Grade A). The complete overview of SIDBI Assistant Manager Salary 2024 is discussed in the table below.
| sidbi grade a salary 2024 | |
| Organization | Small Industries Development Bank of India |
| Post | Assistant Manager (Grade A) |
| vacancy | 50 |
| Social class | Salary |
| SIDBI Grade A Net Salary | 1,00,000/- (approx.) |
| SIDBI Grade A Basic Pay | 44500 – 2500(4) – 54500- 2850(7) – 74450 -EB -2850(4) – 85850 -3300(1) – 89150 (17 Years) |
| application mode | Online |
| official website | www.sidbi.in |
| whatsapp official channel | Join Our Social media |
| telegram official channel | Join Our Social media |
SIDBI Grade A Salary Structure 2024
SIDBI Grade A Salary 2024 calculates to be a total of Rs 1,00,000/- (Approximate) on the pay scale of 44500 – 2500(4) – 54500- 2850(7) – 74450 -EB-2850(4) – 85850 -3300. 1 )-89150 (17 years). Here, candidates can refer to the complete details of SIDBI Grade A Pay Structure 2024.
| sidbi grade a salary 2024 | |
| basic salary | 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 |
| Total | 94185.00 |
| cut | 18112.00 |
| total payment | 76073.00 |
SIDBI Grade A Salary 2024: Deductions
The net salary received by an employee in SIDBI Grade A is subject to various deductions, including contributions to NPS, income tax, health and education cess. Below is a summary of deductions for SIDBI Grade A Salary 2024.
| SIDBI Grade A Salary Cut 2024 | |
| cut | amount |
| national pension system | 7395.00 |
| income tax | 7099.00 |
| Health and Education Cess | 284.00 |
| profession tax | 200.00 |
| lounge recovery | 400.00 |
| House rent | 334.00 |
| additional fare | 2000.00 |
| officer union membership | 100.00 |
| mass monthly subscription | 300.00 |
| total deduction | 18112 |
sidbi grade a salary slip
SIDBI Grade A Salary Slip will provide a clear overview of the salary structure provided by the organization. Here, we have provided the salary slip for December 2022.
SIDBI Grade A Salary 2024: Perks and Perks
Candidates appointed to the post of Assistant Manager get benefits from perks and allowances. The list of SIDBI Grade A Salary Perks and Allowances is listed here below.
- city ​​compensatory allowance
- family allowance
- special allowance
- house rent allowance
- dearness allowance
- learning allowance
- grade allowance
- local allowance
Apart from allowances and perks, employees also get many benefits, details of which are given below.
| SIDBI Grade A Salary 2024: Benefits | |
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SIDBI Assistant Manager Job Profile
The official notification outlines the responsibilities of a SIDBI Grade A officer which are as follows:
- Engage in internal management, governance, control and monitoring functions to ensure that the Bank remains flexible and responsive in view of the changing dynamics in the MSME sector and the overall economy.
- Play a vital role in providing inputs to business analytics and decision making process. This involves continuously collecting market feedback and conducting research to keep the management informed about the trends in their respective sectors/clusters, assisting the Bank in prioritizing various new initiatives and projects.
- Contribute to promotion of entrepreneurship and skill development activities for MSME sector within the Bank. This involves facilitating collaboration and coordination with various stakeholders.
- Increasing credit access in MSME, microfinance, startup/venture capital sectors through direct and indirect loan delivery methods, as well as implementing effective monitoring mechanisms.
SIDBI Grade A Career Growth
Candidates selected for the post of SIDBI Grade A Officer are initially required to undergo a probation period lasting for 2 years. This period can be extended up to 4 years depending on the specific requirements of the bank. Below, we outline the career progression opportunities available to 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
