Are you dreaming of a Banking career, a quality life, and securing your future? In that case, SIDBI Grade A Assistant Manager’s post can be a good choice for you. Small industries and the development bank of India offer you a lucrative pay scale along with some crispy perks and allowances to SIDBI Grade A officers. After getting selected as a Grade A officer, you can get an initial salary of around 70,000 per month with additional perks like SIDBI’s accommodation or leased flat facility, loans. Plus, you can enjoy advances at concessional rates for car/house, interest-free festival advances up to one month’s gross emoluments, and more.
In this article, we’ll discuss the SIDBI Grade A salary structure, perks and allowances, career growth, and job profile.
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Assistant Manager Grade A is the entry-level post to start a career in SIDBI. After getting selected for this post, you’ll be able to enjoy the latest salary structure given below:
| Name of the post | Salary |
| Assistant Manager Grade A | Rs. 28,150-1,500(4 Increments)- Rs. 34,350 Rs. 34,350-1,750(7 Increments)- Rs. 46,600 46,600-EB-1,750(4 Increment)-Rs. 53,600 Rs. 53,600-2000-55,600 After 17 years of service, the basic salary will be Rs. 55, 600 |
| Net Salary-Rs. 70,000/ Rupees approx. |
Apart from salary, SIDBI Grade A Assistant manager all gets other amazing facilities, given in the table below:
| 1-Pension Leave 2-Fare Concession 3-Gratuity 4-Reimbursement of medical expenses 5-Reimbursement of vehicle maintenance | 6-Vehicle Loan 7-Housing Loan 8-Bank’s accommodation/Leased Flat Facility |
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SIDBI Grade A officers will get a basic initial pay of 28150 along with some allowances. Aspirants can check the break-up of salary structure below
| Basic Pay | 28150 |
| Increment | 4 Stagnation Increments |
| Local Allowance | 5% of Pay |
| House Rent Allowance | 10% of Pay |
| Family Allowance | 4% of Pay |
| Grade Allowance | 6000 |
| Special Allowance | 6500 |
| Special Compensation Allowance | 625 |
| SIDBI Grade A Special Pay | 2000 |
| Net Salary | 70,000 |
SIDBI offers its employees a lucrative salary package including various perks and allowances. Candidates can check the list of perks and allowances given below
Given below are the posts that reflect the professional growth that you can experience at SIDBI after starting your career as a Grade A officer:
Assistant Manager
to
Manager
to
Assistant General Manager
to
Deputy General Manager
to
General Manager
to
Chief General Manager
to
Executive Director
to
Deputy Managing Director
If you really want to crack SIDBI Grade A Assistant Manager 2022 exam in first attempt, you’ll have to smartly prepare and analyze your performance through the latest, exam-like Mock Test to identify your weaknesses. After analyzing yourself, work on it and make possible improvements. Mock Tests help you to clear the concepts and improve your skills. Take SIDBI Grade A Assistant Manager 2022 exam Free Mock Tests to measure your progress. Mock tests would provide you instant feedback in the form of analytics, which will help you determine your speed and accuracy. Ask any expert, he’ll tell you the same. So, take as many Mock Tests as you can to succeed.
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