SIDBI Grade A Assistant Manager Salary 2022-2023: Job Profile, Career Growth, Perks And Allowances

SIDBI Grade A Assistant Manager Salary 2022-2023: The Small Industries Development Bank of India works as a financial body under the Ministry of Finance that strives to strengthen and develop Micro, Small, and Medium Enterprises. The SIDBI Grade A post is one of the highly competitive jobs in the banking sector. As per the latest SIDBI Notification 2022-2023 released on 13th December 2022, 100 Assistant Manager (Grade-A) Posts in General Stream are vacant and the SIDBI is recruiting eligible candidates for the same. SIDBI offers a lucrative salary package for assistant manager posts. Along with the SIDBI Grade A Salary and perks 2022-2023, selected candidates can enjoy various perks and allowances. The initial basic pay for SIDBI Grade A assistant manager post is Rs. 28,150/-. Candidates aiming for the SIDBI Grade A 2022-2023 exam, can refer to the SIDBI Grade A Assistant Manager Salary revision 2022-2023 provided here. The SIDBI Grade A Salary 2022-2023 acts as a motivating factor for the candidates to crack the examination with their effective preparation strategy. The detailed SIDBI Grade A Salary 2022-2023 details such as SIDBI Grade A pay scale 2022-2023, SIDBI Grade A salary structure 2022-2023, SIDBI Grade A job profile 2022-2023, SIDBI Grade A career growth 2022-2023, SIDBI Grade A perks and allowances 2022-2023, SIDBI Grade A salary in-hand 2022-2023, etc., can be referred here. Let's read the below article for complete details of SIDBI Grade A Assistant Manager salary 2022-2023 details.

Download SIDBI Grade A Salary Structure 2022-2023

SIDBI Assistant Manager Exam 2022-2023: Overview

Small Industries Development Bank of India is to recruit aspirants for the post of Grade A Assistant Manager through the highly competitive SIDBI Recruitment 2022-23. In accordance with the SIDBI Grade A Recruitment Notification 2022-23, the important dates are updated here. Interested candidates are advised to check the overview of SIDBI Grade A Recruitment 2022, tabulated for quick reference. After checking the important dates, candidates can refer to the SIDBI Grade A pay scale 2022-2023, SIDBI Grade A salary structure 2022-2023, SIDBI Grade A job profile 2022-2023, SIDBI Grade A career growth 2022-2023, SIDBI Grade A perks and allowances 2022-2023, SIDBI Grade A salary in-hand 2022-2023, etc.,

SIDBI Recruitment 2022-2023: Exam Overview

Events

Details

Recruiting body

Small Industries Development Bank of India

Post Name

Grade A (Assistant Manager) General Stream

SIDBI Grade A Total Vacancy

100

Mode of Application Submission

Online

SIDBI Grade A Selection Process

Online Test & Interview

SIDBI Grade A Notification

13th December 2022

SIDBI Grade A Online Application Process

December 14, 2022 - January 03, 2023

Online test Exam Dates

January / February 2023

Tentative schedule of Interview

February 2023

SIDBI Grade A Syllabus 2022-2023

SIDBI Grade A Assistant Manager Salary Structure 2022-2023

The SIDBI Grade A Assistant Manager Salary 2022-2023 has been framed to be a total of Rs. 70,000/- appx. per month. This salary structure of the SIDBI Grade A Assistant Manager (General Stream) post includes the applicable benefits, allowances, and various perks. Candidates can refer to the SIDBI Grade A pay scale 2022-2023, SIDBI Grade A assistant manager salary for the first 4 years, SIDBI Grade A increment policy, SIDBI Grade A salary after 2 years, SIDBI Grade A salary after 3 years, SIDBI Grade A salary after 5 years, SIDBI Grade A salary after 10 years can be identified by referring to the table given below.

SIDBI Grade A Previous Year Paper PDF

SIDBI Grade A Pay Scale 2022-2023

The complete SIDBI Grade A assistant manager Pay Scale is shared in this section. Candidates who clear the examination and the interview will receive a lucrative pay scale. Also, there will be promotions after a few years of experience and consistent career growth is assured. The SIDBI Grade A Pay Scale has been fixed in the range of 28,150 – 1550 (4) – 34350 – 1750 (7) – 46600 – EB – 1750 (4) – 53600 – 2000 (1) – 55600 (17 years) `70,000/ - approx. The SIDBI Grade A Salary after 5 Years will be an increased pay as the Basic Pay will have a hike every year, which in turn will enhance the grade pay. Check the table shared below to understand the SIDBI Salary 2022 after 5 years of service.

SIDBI Grade A Pay Scale And Yearly Increment

SIDBI Grade A Pay Scale And Yearly Increment

Duration Of SIDBI Grade A Salary 2022-2023

SIDBI Grade A Basic Pay 2022-2023

SIDBI Grade A Grade Pay 2022-2023

4 Years – Starting Pay

Rs. 28,150/-

Rs. 1550/-

Increment for the next 7 years

Rs. 34,350/-

Rs. 1750/-

Next 4 Years

Rs. 46,600/-

Rs. 1750/-

Next 1 Year

Rs. 53,600/-

Rs. 2000/-

Increment for the next 17 years

Rs. 55,600/-

 

SIDBI Grade A Salary After 2, 3, 5, And 10 Years

Most of the aspirants are in search of SIDBI Grade A salary after 2 years, SIDBI Grade A salary after 3 years, SIDBI Grade A salary after 5 years, and SIDBI Grade A salary after 10 years. Based on the pay scale given in the official notification pdf., the SIDBI Grade A salary after 2, 3, 5, and 10 years are updated here. Aspirants willing to appear for the examination can check the SIDBI Grade A salary after 2 years, SIDBI Grade A salary after 3 years, SIDBI Grade A salary after 5 years, and SIDBI Grade A salary after 10 years tabulated below.

SIDBI Grade A Pay Scale And Yearly Increment

SIDBI Grade A Salary After Years

SIDBI Grade A Basic Pay

SIDBI Grade A Salary After 2 Years Rs. 31250 /-
SIDBI Grade A Salary After 3 Years Rs. 32800 /-
SIDBI Grade A Salary After 5 Years Rs. 36100 /-
SIDBI Grade A Salary After 10 Years Rs. 44850 /-

Updated SIDBI Grade A Syllabus PDF 2022-2023

SIDBI Grade A Salary 2022-2023: Perks And Allowances

The SIDBI Grade A Salary 2022-2023 has attractive allowances and perks. The SIDBI Grade A Special Pay amount is equivalent to the last increment of the scale of pay. It will be paid on the companion of one year. This payment will be done upon reaching the maximum of the respective scale. The SIDBI Grade A Special Pay is set as Rs. 2000/-.

SIDBI Grade A Salary And Perks And Allowances 2022-2023

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

SIDBI Grade A Assistant Manager Allowances 2022-2023: In Detail

The SIDBI Grade A Salary is not the only pay that a qualified candidate will be receiving. The candidate will also receive additional perks and benefits that are provided as per the Bank norms. Take a look at the list of the SIDBI Grade A 2022 Perks and Allowances.

SIDBI Grade A Perks and Allowances 2022-2023

SIDBI Grade A Allowance Name

SIDBI Grade A Scale of Pay

Special Functional Allowance

Rs. 625/- Per Month

Dearness Allowance

For every rise or fall of 4 points over 4440 points of the All ‘India Working Class Consumer Price Index (Base 1960 = 100) shall be at 0.10% of pay

JAIIB/CAIIB Allowance

A month equal to the last month’s increment in the scale of the pay which the officer draws on/after reaching the maximum of the scale.

Local Allowance

1.       5% of pay (rounded off to the next higher rupee), subject to the maximum of 32050/- p.m. for Officers in Grades ‘A’ to ‘C’

2.       Officers in Grades ‘D’ & ‘E’ Local Allowance will be paid @ 5% of pay (rounded off to the next higher rupee) subject to the maximum of 24000/-p.m. and 4750/- p.m. respectively

3.       For Local Allowance will not be payable to Officers in Gr. ‘F’ and EDs, as hitherto.

House Rent Allowance (HRA)

1.       Monthly House Allowance - 10% of pay.

2.       Officers not staying in Bank’s accommodation are eligible for House Rent Allowance - 15 % of pay, rounded off to next higher rupee.

3.       Both spouses are employees of the Bank – HRA is 15% of Pay, even if they are posted at the same center but are not staying in Bank’s accommodation.

Family Allowance

1.       4% of pay (rounded off to the next higher rupee), subject to the maximum of 1750/- p.m. for Officers in Grades ‘A’ to ‘C’.

2.       For Officers in Grades ‘D’ & ‘E’ Family Allowance will be paid @ 4% of pay (rounded off to the next higher rupee) subject to the maximum of 33250/- p.m. and 3750/- p.m. respectively.

3.       Family Allowance will not be payable to Officers in Gr. ‘F’ and EDS, as hitherto.

Grade Allowance

Rs. 6000/-

Special Allowance on Promotion

Rs. 6,500/-

Apart from this, two other SIDBI Grade A Allowances are applicable namely, Special Compensation Allowance and the Deputation Allowance. The details regarding the same are tabulated below.

Special Compensation Allowance

Pay

Amount of SCA

Upto Rs. 75,050/-

Rs. 500/- per month

Above Rs. 75,050/-

Rs. 625/- per month

Deputation Allowance:

Condition

Allowance

An Officer Deputed to an organization at the same center

4% of pay – with a maximum of Rs. 2000/- pm

An Officer Deputed to an organization at the outstation center

7.75% of pay – with a maximum of Rs. 2000/- pm

SIDBI Grade A Salary 2022-2023: Promotion Salary Package

The SIDBI Grade A Salary Package has been discussed in detail above. Further, take a look at the SIDBI Grade A Promotion Salary Package and its complete structure that will be provided to the qualifying candidate.

Designation Name

Pay Scale

Executive Director

120500 – 3500(2) – 127500 (3 years)

Grade F Officer

101900 – 3000(4) – 113900 (5 years)

Grade E Officer

72800 – 2250(1) – 75050 – 2400(2) – 79850 – 2500(3) – 87350-3000(5) – 102350 (12 years)

Grade D Officer

68500 – 2150(2) – 72800 – 2250(6) – 86300(9 years)

Grade C Officer

49000 – 1750(3) – 54250 – 1900(2) – 58050 -2000(4) – 66050 – EB – 2000(2) – 70050 – 2150(1) – 72200 (13 years)

Private Secretary in Grade B on elongated Pay Scale

35150 – 1750(9) – 50900 – EB – 1750(2) -54400 – 2000(4) – 62400 – EB 1200(1) – 63600 -2150(4) – 72200 (21 years)

Grade B Officer

35150 – 1750(9) – 50900 – EB – 1750(2) – 54400 – 2000(4) – 62400 (16 years)

Grade A Officer

28150 – 1550(4) – 34350 – 1750(7) – 46600 -EB – 1750(4) – 53600 – 2000(1) – 55600 (17 years)

SIDBI Grade A Job Profile 2022-2023

The Officers in Grade ‘A’ are expected to contribute proactively in following broad areas of operations of the Bank-

  • Augmenting credit penetration in MSME, Microfinance, and Startup/Venture Capital Sector through Direct / Indirect Credit Delivery and Monitoring Mechanisms.
  • Contributing to entrepreneurship promotion & skill development activities of the Bank for the MSME sector, including facilitating cooperation and coordination with various stakeholders.
  • To be key input providers in Business Analytics and decision-making process by gathering regular market feedback/research and updating the Management with the trends in their areas/clusters to assist the Bank in prioritization of various new initiatives and projects.
  • Participate in internal management/administration, control, and monitoring related functions to ensure that the Bank remains an adaptable and responsive organization amidst changing dynamics of the MSME sector and overall economy.
  • Any other work as assigned by the Bank from time to time.

SIDBI Grade A Probation Period 2022-2023

The selected candidates would be on probation for a period of 2 years which is extendable up to a maximum of 4 years at the discretion of SIDBI. The selected candidates will be liable to be posted/transferred at the discretion of SIDBI to various offices/verticals/associates/subsidiaries of SIDBI from time to time and on such terms and conditions as may be decided by SIDBI.

FAQs – SIDBI Grade A Salary 2022-2023

Q. What is the salary of the SIDBI Grade A Assistant Manager?

According to the SIDBI Salary 2022 announcement, the salary of the SIDBI Grade A Assistant Manager post has been fixed to be around Rs. 70,000/- per month. This includes other perks and SIDBI Salary 2022 Allowances.

Q. What is the starting basic pay of the SIDBI Grade A recruitment 2022-2023?

The starting basic pay of the SIDBI Grade A recruitment 2022-2023 is Rs. 28,150.

Recent Posts

Mensuration Formula PDF For Bank Exams Like PO, Clerk, SSC CGL: Check 2D And 3D Shapes

May 24 2024

Check Partnership Formula For Bank And SSC Exams: Download PDF

May 24 2024

Check Problems On Trains Formula For Bank Exams: Download PDF

May 24 2024

General Awareness Smart Analysis
  • Get Weekly 4 set Test
  • Each Set consist of 50 Questions
  • Compare your progress with Test 1 & 2 & Test 3 & 4
  • Deep Analysis in topic wise questions
₹599 ₹149
View Package
Super Plan
  • Premium Bundle PDF Course 2024
  • Bundle PDF Course 2023
  • Ultimate Bundle PDF Course 2022
  • Grand Bundle PDF Course 2021
  • English Bundle PDF Course
  • Insurance & Financial Market Awareness Bundle PDF  Course
  • Descriptive Papers for Bank & Insurance Exams
  • Interview Bundle PDF Course
  • General Awareness Smart Analysis
  • All Bank Exams Video Course
  • All Mock Test Series (Platinum Package)
  • All Premium eBooks
₹17990 ₹1999
View Package
Premium PDF Course 12 Months
  • Bundle PDF Course 2024
  • Prime PDF Course 2023
  • Ultimate Bundle PDF Course 2022
₹5999 ₹979
View Package