SIDBI Grade A Assistant Manager Salary 2022: Check Allowances & Perks

SIDBI Grade A Salary 2022: SIDBI stands for Small Industries Development Bank of India. As per the latest SIDBI Notification 2022, 100 Assistant Manager (Grade-A) Posts in General Stream are vacant and the SIDBI is recruiting eligible candidates for the same. A comprehensive notice was issued on 1 March 2022, which had detailed vacant posts information. Also, the SIDBI Notification had information regarding the SIDBI online registration dates. The Apply online for SIDBI Bank Recruitment 2022 will be available till 24 March 2022. The online registrations for the SIDBI Bank Recruitment 2022 will start from 4 March 2022. Interested and eligible candidates can visit the official portal (sidbi.in.) to get the latest updates regarding the SIDBI Grade A Recruitment 2022. 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. Keep reading to know the SIDBI Grade A salary 2022, SIDBI Grade A salary 2022 vacancies, and more.

Apply Online for SIDBI Assistant Manager Post 2022

SIDBI Grade A Previous Year Paper PDF

SIDBI Salary 2022: Exam Date

Small Industries Development Bank of India is planning to recruit aspirants for the post of Grade A Assistant Manager through the highly competitive SIDBI Recruitment 2022. In accordance with the SIDBI Grade A Recruitment Notification 2022, the online registration form will be available online along with the SIDBI Grade A Notification PDF on 4 March 2022. However, candidates are advised to apply as soon as possible as the last date to apply online has been fixed as 24 March 2022. Interested candidates are advised to check the overview of SIDBI Grade A Recruitment 2022, tabulated for quick references. Also, the SIDBI Grade A important dates are listed below.

 

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

4 March 2022

SIDBI Grade A Online Registration Period

4 March 2022 to 24 March 2022

SIDBI Grade A Exam Dates

15 April 2022 [Expected]

SIDBI Grade A Admit Card

April 2022

Download SIDBI Grade A Syllabus 2022

SIDBI Assistant Manager Salary 2022: Salary Structure

The SIDBI Grade A Assistant Manager Salary 2022 has been framed to be a total of Rs. 70,000/- per month. However, this is an approximate value. This salary structure of the SIDBI Grade A Assistant Manager (General Stream) post includes the applicable benefits, allowances, and various perks.

 

SIDBI Grade A PayScale 2022

The complete SIDBI Grade A PayScale 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 PayScale has been fixed in the range of 28,150 – 1550 (4) – 34350 – 1750 (7) – 46600 – EB – 1750 (4) – 53600 – 2000 (1) – 55600 (17 years). 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.

More details about SIDBI Grade A Assistant Manager Exam Date 2022

Duration

Basic Pay

Grade Pay

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 Salary 2022: Allowances & Perks

The SIDBI Grade A Salary 2022 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 Perks and Allowances:

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 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: 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)

 

FAQs – SIDBI Salary 2022

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

A. 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. When will the SIDBI Grade A 2022 Application form be released?

A. Interested candidates can apply from 4 March 2022. Aspirants are advised to visit the official portal of SIDBI to apply online for the SIDBI Grade A Assistant Manager post.

 

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