SIDBI Grade A Assistant Manager 2022-Salary Structure & Career Growth

SIDBI Grade A Salary 2022

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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SIDBI Grade A Salary 2022: Salary Structure

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.

Facilities Provided to SIDBI Grade A

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 Salary 2022

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 Grade A Salary 2022: Perks and Allowances

SIDBI offers its employees a lucrative salary package including various perks and allowances. Candidates can check the list of perks and allowances given below

• City Compensatory Allowance
• Family Allowance
• Special Allowance
• House Rent Allowance
• Dearness Allowance
• Learning Allowance
• Grade Allowance
• Local Allowance

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SIDBI Grade A Career Growth

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

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