SIDBI Grade A Salary 2024, In-hand Salary, Perks and Allowances

The Small Industries Development Bank of India has released the SIDBI Grade A Salary details in the official notification PDF for the recruitment of 50 Officer Grade A Assistant Manager. The attractive salary package is a key motivator for candidates applying to this recruitment drive. The net salary for a SIDBI Grade A Officer includes the basic pay as well as various perks and allowances. In this post, we have provided the detailed SIDBI Grade A Salary 2024.

SIDBI Grade A In-hand Salary, Perks and Allowances

SIDBI offers a lucrative 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). SIDBI provides a great standard of living along with several benefits such as accommodation facilities, home and car loans, etc. Other than the SIDBI Grade A Salary, candidates must also be acquainted with the job profile and career growth.

SIDBI Grade A Salary: Summary

SIDBI has released the SIDBI Recruitment 2024 for the 50 vacancies of Assistant Manager (Grade A). A complete overview of the SIDBI Assistant Manager Salary 2024 has been discussed in the below table.

SIDBI Grade A Salary Structure 2024

SIDBI Grade A Salary 2024 counts to a total of 1,00,000/- (Approximately) on the pay scale of 44500 – 2500(4) – 54500- 2850(7) – 74450 -EB -2850(4) – 85850 -3300(1) – 89150 (17 years). Here, aspirants can refer to the complete breakdown of SIDBI Grade A Salary Structure 2024.

SIDBI Grade A Salary 2024: Deductions

The net salary received by an employee in SIDBI Grade A is subject to various deductions, including contributions towards NPS, Income Tax, Health & Education Cess, among others. Below is a summary of the deductions for SIDBI Grade A Salary 2024.

SIDBI Grade A Salary Slip

The SIDBI Grade A Salary Slip will provide a clear overview of the salary structure provided by the organization. Here, we have provided the Pay Slip for December 2022.

SIDBI Grade A Salary 2024: Perks & Allowances

Candidates appointed for the position of Assistant Manager are benefitted from the perks and allowances. The list of SIDBI Grade A Salary Perks and Allowances is listed down here.

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

Other than the perks and allowances several benefits are also received by employees, the details of which are given below.

SIDBI Assistant Manager Job Profile

The official notification outlines the responsibilities of the SIDBI Grade A Officer which are as follows:

• Engage in internal management, administration, control, and monitoring functions to ensure the Bank remains flexible and responsive in light of evolving dynamics in the MSME sector and the overall economy.
• Play a crucial role in providing input for Business Analytics and the decision-making process. This involves consistently gathering market feedback and conducting research to keep the Management informed about trends in their respective areas/clusters, assisting the Bank in prioritizing various new initiatives and projects.
• Contribute to the promotion of entrepreneurship and skill development activities for the MSME sector within the Bank. This includes facilitating cooperation and coordination with various stakeholders.
• Enhance credit accessibility in the MSME, Microfinance, Startup/Venture Capital sectors through both direct and indirect credit delivery methods, while also implementing effective monitoring mechanisms.

SIDBI Grade A Career Growth

Selected candidates for the position of SIDBI Grade A officer are required to undergo a probationary period lasting initially for 2 years. This period may be extended up to 4 years based on the Bank’s specific needs. Below, we outline the career progression opportunities available for SIDBI Grade A officers.

• SIDBI Grade A Officer( Entry-level)
• SIDBI Grade B officer
• Private Secretary in Grade B
• SIDBI Grade C officer
• SIDBI Grade D officer
• SIDBI Grade E officer
• SIDBI Grade F officer
• Executive Director