SEBI Grade A Salary 2023: Check Salary, Allowances & Job Profile

SEBI or the Security and Exchange Board of India is all set to issue an official notification regarding SEBI Grade A Officer (Assistant Manager) recruitment in January 2023. Every year, national exams are help d by SEBI for multiple posts, including the Grade A post of Assistant Manager. If you have a Master’s Degree or a Bachelor’s Degree in the relevant stream, you can apply for the upcoming SEBI Grade A Exam.

Apart from being a reputed post this position also guarantees a good basic salary.  As per the new salary structure, the initial pay scale for SEBI Grade A Officers has been revised to Rs. 44,500 from Rs. 28,150.

Today we will take a look at the multiple allowances such as Dearness Allowance, Family Allowance, Local Allowance, House Cleaning Allowance, and many more included in the basic salary.

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SEBI Grade A Salary 2023 (Revised)

The revised salary for the SEBI Grade A post was effective from 01st November 2017. There will be a probation period for all the selected employees of 2 years. They will enjoy the initial basic pay of Rs. 44,500/-

Check out the complete details about SEBI Grade A Salary Structure from the table given below:

SEBI Grade A Salary 2023
Basic Pay	Rs. 44,500
Pay Scale	44500-2500 (4)-54500-2850 (7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years)
Increment	4 stagnation increments
Special Pay	Rs. 3300 (after completion of 1 year)
Dearness Allowance	30.38% of the basic pay
Special Allowance	16.4% of basic pay (minimum- Rs. 11,000)
Family Allowance	Rs. 2850/-
City Compensatory	5% of basic pay (maximum- Rs.2500)
Local Allowance	Rs. 3450
Learning Allowance	Rs. 2500
PFA	Rs. 3850
Grade Allowance	14% of basic pay (minimum- Rs. 10,400)
Special Compensatory Allowance	Rs. 500- Rs. 625 per month

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SEBI Grade A Salary- Revised Pay Scale

The initial pay scale for SEBI Grade A Officer was revised to Rs. 44,500 from Rs. 28,150. Now the pay scale for the position of officers in Grade “A” is Rs. 44500. And, after 4 annual increments of 2500 INR, it will be Rs. 54,500 (at the end of the 5th year) which after 17 years will become Rs. 89,150/-.

Therefore, the increment goes like this: Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years)

Note: The candidates will be posted to Mumbai or offices situated in metropolitan cities to continue their careers in SEBI. Training to all the selected candidates will be provided at its headquarters which is located in Mumbai, therefore the net SEBI Grade A salary is approx. Rs. 1,15,000 (without accommodation) and with accommodation, the net salary is approx. Rs. 80,500. 

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SEBI Grade A 2023 Perks, Allowances & Other Benefits

The employees at Grade A Officer posts will enjoy 4 stagnation increments. In addition to getting the basic pay, a SEBI Grade A Officer receives various perks and benefits given below:

• Leave Fare Concession
• Medical Expenses
• Eye Refraction
• Education Allowance
• Financial Dailies
• Book Grant
• Briefcase
• Conveyance Expenses
• Staff Furnishing Scheme
• Scheme for Purchasing Computers
• Subsidized Lunch Facility

SEBI Grade A Job Profile and Responsibilities 2023

Candidates who are selected in SEBI Grade A will be required to undertake a variety of responsibilities. Some of the important characteristics of the job role of an Assistant Manager in SEBI are listed below:

• Taking care of legal affairs. Employees will be in charge of problems pertaining to the legal structure and the company as a whole.
• Taking care of difficulties with market securities, commodities, indexes, and many others.
• The individual could be assigned numerous tasks in the IT department.
• Taking care of mergers and acquisitions.

SEBI Grade A Promotion and Career Growth 2023

SEBI Grade A Officer’s post (Assistant Manager) is an entry-level position. Those candidates who get hired as Assistant managers can advance to other positions based on their performance and expertise. From an Assistant Manager, they can become Executive Director, which is the highest-ranking position in the Securities and Exchange Board of India (SEBI).

Here’s the promotion cycle given below:

• Assistant Manager (Grade A)
• Manager (Grade B)
• Assistant General Manager (Grade C)
• Deputy General Manager (Grade D)
• General Manager (Grade E)
• Chief General Manager (Grade F)
• Executive Director

Conclusion

The SEBI Grade A aspirants are advised to start their preparation today by taking Free SEBI Garde A 2023 Mock Tests and trying to improve their scores every day. keep a close eye on the official website for the most recent updates and announcements. The candidates must go through the previous year’s question papers and mock tests to get an idea about the type of questions asked in the actual SEBI Grade A Phase 1 and 2 exams.

SEBI Grade A FAQs

Q1. What are the salary allowances given to the employees in addition to their salary in SEBI Grade A Recruitment 2023?

Ans. In addition to the basic Salary, the employees get allowances such as the Dearness Allowance, Local Allowances, Monthly Petrol Allowance (100-200 liters), Quarterly Allowances, and House Rent Allowance (Optional), which keeps on increasing periodically.

Q2. How much dearness allowance is salaried to SEBI Grade A post?

Ans. Around 30.38% of the basic pay is the revised Dearness Allowance (DA) for SEBI Grade A.