SIDBI Grade A Salary:- SIDBI Grade A position, it’s important to know what the SIDBI Grade A Salary 2024 is. The starting basic pay for a SIDBI Grade A officer is Rs. 28,150 per month. In addition to this, officers are also entitled to various allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), Medical Allowance, and more. The total monthly gross salary including all SIDBI Grade A Salary can range from approximately Rs. 55,000 to Rs. 75,000 depending on the city of posting and other factors. It’s also worth noting that there may be additional benefits such as provident fund contributions, gratuity, and insurance coverage. Overall, the SIDBI Grade A Salary is quite competitive and provides ample opportunities for growth.
The Applicants aspiring to work as Assistant Manager in the Small manufacturing and development bank of India would be curious to know the SIDBI Grade A Salary 2024. SIDBI offers a profitable amount of salary along with perks and allowances to Grade A Officers. Applicants can check all the details related to SIDBI Grade A Salary 2024 such as fundamental pay, allowances and other benefits from the object below. The Grade A Managers will be collect a salary of ₹ 70,000 per month. The SIDBI Grade A Salary of the Assistant Managers is 28150-1550[4]-34350-1750[4]-53600-2000 [1]-55600 [17 years]. The payment received by the Grade A officers are laid below.
SIDBI Grade A Salary 2024
SIDBI Grade A Salary is a popular career choice among those seeking employment in the banking sector. The salary for this position varies depending on various factors such as experience, qualifications, and location. Generally, the basic pay for SISIDBI Grade A Salary officers ranges from INR 28,150 to INR 55,600 per month. In addition to the basic pay, officers are also eligible for various allowances such as Dearness Allowance, House Rent Allowance, and Medical Allowance. These allowances can significantly increase the overall compensation package. Furthermore, SIDBI Grade A Salary excellent growth opportunities and benefits such as pension schemes, health insurance coverage, and loan facilities at affordable rates.
Aspiring candidates interested in joining SIDBI Grade A Salaryshould take note of these salary details and other benefits when considering this career path. Applicants should be updated with the SIDBI Grade A Salary 2024 along with their job profile & career growth. A SIDBI Grade A Officer will collect the initial SIDBI Grade A Salary of 44,500 along with several perks & allowances. The in-hand salary of a SIDBI Grade A worker will be around 70,000 thousand rupees approximately. SIDBI offers the worker a great standard of living by providing facilities such as bank accommodation/leased flat facility, loan facility for house & car, etc.
SIDBI 2024 Grade A Salary Details
| Organization | Small Industries and Development Bank of India |
| Exam Name | Grade A Exam 2024 |
| Post | Assistant Manager |
| Vacancy | 100 |
| Notification Date | 13th December 2022 |
| Application Date | 14th December 2022 |
| Exam Date | 28th January 2024 |
| Official website | www. sidbi.in |
| Category | Pay Slip |
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About SIDBI Grade A
The apex regulatory body for all licensing and regulation of Indian micro, small, and medium enterprise finance companies is the Small Industries Development Bank of India. It is under the Ministry of Finance, which is part of the Government of India and has offices all over the country and its headquarters in Lucknow. On April 2, 1990, the Government of India established the SIDBI as a wholly owned subsidiary of IDBI Bank. Since its separation from IDBI, March 27, 2000.
It serves as the primary financial institution in the Micro, Small, and Medium Enterprises (MSME) sector and provides refinance facilities to banks and other financial institutions, engages in term lending, and provides working capital financing to industries. SIDBI also works to coordinate the functions of institutions that are involved in similar endeavors. It was established by a parliamentary act in 1989.
www. sidbi.in Salary 2024
lakhs of banking aspirants dream of working at Small Industries Development Bank of India because of the excellent pay scale and consistent career growth offered to employees there. The complete details of the revised SIDBI Grade A Salary 2024, including expense allowances, HRA, travel allowance, and other benefits, have been discussed in this article. The pay scale and other information regarding SIDBI Grade A Salary 2024 must be familiar to candidates who are applying for or planning to apply for the 100 Assistant Manager positions that will be made available through SIDBI Grade A Recruitment 2024.
SIDBI Grade A is a highly sought-after job in the banking sector. The salary structure for SIDBI Grade A officers is quite attractive, with a starting salary of Rs. 36,000 per month. In addition to this, officers are eligible for various allowances and perks, such as medical insurance, travel allowance, and house rent allowance. The salary for SIDBI Grade A officers increases with experience and promotion. After completing their probation period, officers can expect to receive a pay scale of Rs. 48,000-52,000 per month. With further promotions and years of service, the salary can increase up to Rs. 1 lakh per month.
SIDBI Salary Structure
Along with some allowances, SIDBI Grade A officers will receive a basic starting salary of 44500. Candidates can review the salary structure breakdown below.
| 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 Salary – Deductions
After deductions, an employee receives their net SIDBI Grade A salary. There are a variety of reasons for the deductions, including NPS, Income Tax, Health and Education Cess and others. We have compiled a summary of the SIDBI Grade A Salary 2022-23 Deductions in the given table.
| 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 |
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SIDBI Latest Salary Slip
The SIDBI Grade A Latest Salary Slip may pique the interest of candidates preparing for the 2024 exam. The SIDBI Grade A Pay Slip for December can be found here.
SIDBI Salary – Perks and Allowances
SIDBI pays its workers well and gives them a lot of perks and allowances as part of their salary. Candidates can review the following list of benefits and allowances.
- City Compensatory Allowance
- Family Allowance
- Special Allowance
- House Rent Allowance
- Dearness Allowance
- Learning Allowance
- Grade Allowance
- Local Allowance
| Facilities Provided to SIDBI Grade A Employee | |
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SIDBI Salary – Job Profile
Candidates can view the SIDBI Grade A officer job profile below, as stated in the published official notice.
- take part in related internal management, administration, control, and monitoring tasks to keep the Bank flexible and responsive to the changing dynamics of the MSME sector and economy as a whole.
- To play a crucial role in the business analytics and decision-making process by regularly collecting feedback and research from the market and keeping management up to date on the trends in their respective clusters and areas. This will help the bank decide which new initiatives and projects to prioritize.
- Assisting in the Bank’s efforts to promote entrepreneurship and develop skills for the MSME sector, including facilitating collaboration and coordination with various stakeholders.
- Increasing credit penetration in the micro, small, and medium-sized enterprises (SMEs), microfinance, and venture capital (VC) sectors through direct and indirect credit delivery and monitoring mechanisms.
SIDBI Grade A Salary – Career Growth
Candidates are selected as SIDBI Grade A officers must complete a two-year probationary period, which may be extended to four years if required by the bank. The SIDBI Grade A officer’s career progression is described below.
- 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
FAQ About SIDBI 2024 Grade A Salary
What is the in-hand salary of a SIDBI Grade A officer?
The in-hand salary of a SIDBI Grade A officer is more than 70000 rupees.
What is the Initial Basic Pay of SIDBI Grade A officer?
The initial basic pay of a SIDBI Grade A officer is Rs. 44500.
What are the perks and allowances included in the SIDBI Grade A Salary 2022-23?
The perks and allowances included in the SIDBI Grade A Salary 2024 are Dearness Allowance, House Rent Allowance, Medical Allowance, Special Allowance, etc.
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