Benefits of IDBI Executive

IDBI, Industrial Development Bank of India very recently announced by recruitments of 920 executives via IDBI 2021 Exam. To shed more light on it, it will be a contract-based job of 1 year, which may be extended up to 2 years. The application window is now open and will continue to take in the forms till August 18, 2021. The IDBI Executive online Exam is going to be held on September 05, 2021.

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Those students, who are interested in becoming IDBI Executives offer would also like to know about the benefits that come along with these posts. Let’s explore all the major benefits!

IDBI Executive Job Profile

After selection as an executive, you, as a candidate can be offered any one of the two job profiles given below:

1. Customer service Executive (CSE)

As a customer service executive, you will be responsible for handling the front desk. A CSE has sale targets and his duties also include the work of assisting the Assistant Manager. As a CSE, you will have to deal with operations like:

• Cheque clearance.
• Any change in contact or address details updation .
• Clearing of bank suspense accounts at the end of the day.

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2. Teller service Executive (TSE)

As a teller service executive, your job will be to fulfill the job responsibilities that are similar to a Bank Cashier. You will be responsible for handling the teller counter.

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3. When IDBI Executive becomes Grade A officer

An IDBI Executive, after successfully completing 3 years of contractual service, may become eligible for appointment as Assistant Manager or Grade A officer in IDBI Bank via a selection process that is conducted by the IDBI Bank itself.

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Salary of IDBI Executive

IDBI Executive Salary

The salary structure, given below, shows how it changes in three years as pay for the contractual period.

• First-year – For the first year, as an executive, you will be eligible to receive Rs.22,000/- per month.
• Second Year – In the second year of your job as an executive, you will receive Rs.24,000/- every month.
• Third Year – In the last year of the contractual period, you will be eligible for a monthly payment of Rs.27000/.

Note: Since this post is contractual in nature, you, as an executive will not be eligible to draw any allowances such as Dearness Allowance, House Rent Allowance, etc. Also, you will not get any superannuation and Terminal Benefits for the entire period of 3 years. You will not be eligible for any gratuity and provident fund benefits also.

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3 Major Benefits IDBI Executive

Here are the three major benefits of becoming an IDBO Executive:

1.    Social Security

Ask anyone, the biggest fear in most of India’s life could be insecurity. And government jobs make one’s life secure, even if it is for three years time. As an IDBI Executive, you get a sense of social security for at least three years. This is good for those who have just started their career. You get a chance to make savings for future planning. You also get time to prepare for other exams as well, if you are a dedicated soul and want to move ahead in your career by turning to some other route or field. You get a monthly salary on time, making your life is more secured than those who work for private companies with a similar salary. There is a great sense of social security without any unnecessary stress.

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2.    Monthly Salary on Time

In a government job like IDBI, you get your monthly salary on time even if you are surrounded by economic depression or a Covid-like situation. That is one of the greatest benefits of the IDBI Executive’s job. Compare it to a private job! There you will get the salary only if the company is making a profit. In case, the company stops making a profit the company drowns, even if your performance is super-fine you may lose both your salary or your job. Hence people run for Government jobs because the salary is guaranteed every month.

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3.    Banking Experience

As an IDBI Clerk, you get Banking experience, which can be of use to you in the future. This is a position that can lead you to many other Banking careers, whether it be in government banks or private Banks, or agencies. Your Banking experience always counts and may pay off in some way or the other.

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Conclusion

This job is a good choice as a career foundation. Working in the Banking sector has always been considered as good and IDBI is a renowned bank. Therefore, grasping an executive-level job there is never a bad bad choice. But you can also find more negative talks and discussions doing rounds on the internet about how bad a job IDBI Executive is. But that should not influence you. You ought to make your own choice based on your own circumstance, choice, or condition. By becoming financially independent you can bust the stress.

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Never forget, the small steps lead to the bigger leaps. Once you enter the government sector, you can pave the way for the further journey by making it quite easier. Hence, you need to think twice before leaving this post or skipping IDBI Exam 2021. In addition, when you get positive results in Exams like these, cracking other competitive exams becomes easier.