SIDBI Grade A Salary 2024, Check In-Hand, Pay Scale & Perks

SIDBI Grade A Salary 2024: The Small Industries and Development Bank of India (SIDBI) has provided the detailed SIDBI Grade A salary 2024 along with the SIDBI Grade A notification 2024. Candidates who have filled out the want to be an assistant manager must go through this blog. SIDBI provides an attractive salary package to its employees which is a motivation for the candidates who are going to appear in the exam. SIDBI offers an attractive salary to its employees on the pay scale of 44500 – 2500(4) – 54500- 2850(7) – 74450 -EB -2850(4) – 85850 – 3300(1) – 89150 (17 years) accounting for the net SIDBI Grade A Salary to Rs. 1,00,000(approximately). In this blog, we have provided a comprehensive understanding of SIDBI Grade A Salary, Salary Structure, perks, allowances, and more, we recommend delving into the following blog.

SIDBI Grade A Salary 2024 Overview

SIDBI is the organization that conducts the SIDBI Grade A exam. This year, SIDBI has released a total of 50 posts to recruit candidates for the post of Assistant Manager. In this article, you can read about the SIDBI Grade A salary, Job responsibilities, Career Growth, and the benefits.

Organization	Small Industries and Development Bank of India (SIDBI)
Post Name	Assistant Manager (Grade A)
Category	Salary
Online Registration	Number of Vacancies
Number of Vacancy	50
Exam Level	National
Selection Procedure	Online Exam followed by Interview
SIDBI Grade A Net Salary	1,00,000/- (Approximately)
Official Website	https://www.sidbi.in/

SIDBI Grade A Salary 2024

If the Candidate is going to start the career as SIDBI Grade A Assistant Manager then it is very important to understand the salary and the breakup of the salary. Here are the table mentioned below all the details related to the SIDBI Grade A Salary 2024.

SIDBI Grade A Salary 2024
Basic Pay	Rs. 44500/-
Pay Scale	Rs. 44500 – 2500(4) – 54500 – 2850(7) – 74450 -EB – 2850(4) – 85850 – 3300(1) – 89150 (17 years)
Increment	4 stagnation increments
Grade Allowance	Rs. 6250/-
Dearness Allowance	Rs. 23196.32/-
Local Allowance	Rs. 4005/-
House Rent Allowance	10% of pay
Special Perquisite Allowance	Rs. 7,383/-
Learning Allowance	Rs. 600/-
Deduction	Rs. 18,112/-
Net Salary	Rs. 1,00,000/-

SIDBI Grade A Salary Perks & Benefits

In addition to the fundamental pay scale, the compensation package for SIDBI Grade A employees encompasses various allowances, such as: 

• Dearness Allowance
• House Rent Allowance
• Traveling Allowance
• Children Education Allowance
• Medical Facilities
• Refreshment Allowance
• Leave Travel Allowance
• Subsistence Allowance
• TA on Retiring
• TA on Transfer

SIDBI Grade A Salary: Job Profile

To make an informed decision when applying for a job, it is crucial to have a comprehensive understanding of the job’s responsibilities. Hence, it is highly recommended that you thoroughly examine the job profile of a SIDBI Assistant Manager to determine if it aligns with your skills and preferences, and vice versa.

• Enhancing the accessibility of credit in the Micro, Small & Medium Enterprises, Microfinance, Startup/Venture Capital sectors by improving credit delivery.
• Supplying necessary insights in the realm of Business Analytics and the decision-making process based on feedback and research as needed.
• Participating in activities that support the promotion of entrepreneurship and the development of skills at SIDBI.
• Keeping the management informed about the most current trends in their respective domains to help in prioritizing new projects for the bank.
• Guaranteeing that SIDBI sustains its dynamism in relation to the MSME sector and the broader Indian economy.
• Overseeing and actively engaging in the internal management and administration of the bank.
• Handling any additional tasks assigned by SIDBI.

SIDBI Grade A Salary: Career Growth

Applicants chosen for the role of SIDBI Grade A Officer are required to successfully complete a probationary period lasting two years, which may be extended to four years based on the bank’s needs. Below, we outline the career progression opportunities for SIDBI Grade A Officers.

Assistant Manager→ Manager → Assistant General Manager → Deputy General Manager → General Manager→ Chief General Manager → Executive Director → Deputy Managing Director → Chairman & MD→ Board of Director

Conclusion: In the pursuit of a rewarding career in banking, understanding the intricacies of SIDBI Grade A salary and career advancement opportunities is vital. With competitive compensation packages and promising growth prospects, this role offers a pathway to professional success. A comprehensive grasp of these aspects ensures that aspirants can make informed decisions and embark on a fruitful journey with the Small Industries Development Bank of India.

SIDBI Grade A Salary 2024 FAQs