SIDBI Assistant Manager Grade A Salary 2022-23 | SIDBI Assistant Manager Salary | SIDBI Grade A Salary | SIDBI Assistant Manager Salary Slip | SIDBI Grade A Salary Slip | SIDBI Grade A Job Profile | SIDBI Grade A Salary In-Hand
SIDBI Assistant Manager Grade A Salary 2022-23 | SIDBI Grade A Salary and Perks: The career development offered to SIDBI Assistant Manager (AM) Grade ‘A’ General Stream posts is very attractive, offering wide opportunities even after the aspirant gets the job. Small Industries Development Bank of India (SIDBI) offers good remuneration with good incentives and a package of perks and benefits. Salary and promotion depend on the post you are selected for. Those in a higher position will get more benefits and advantages. SIDBI pay scales for various posts and inclusive allowances are decided by the government. In this linked article we have provided a detailed guide about Salary Scale, Job Profile, Career Growth, Allowances, Promotion Policy, increments, etc. along with Salary Structure and other benefits.
SIDBI Assistant Manager Grade A Annual Package
As per the official notification of SIDBI, the total compensation for SIDBI Grade A is a minimum of 4.92 lakhs and a maximum of 8.40 lakhs per annum depending on location and other factors. Get the latest & upcoming Bank Jobs here
SIDBI Assistant Manager Grade A Salary Structure & Perks
| SIDBI Assistant Manager Grade A Basic Pay | ₹ 70,000/- approx (with 4 advance increments)
(On a scale of 28150 – 1550 (4) – 34350 – 1750 (7) – 46600 -EB – 1750 (4) – 53600 – 2000 (1) – 55600 (17 years)) |
| Dearness Allowance | This is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently, DA is 46.9% of the basic pay. |
| City Compensatory Allowance (CCA) | This varies with the place of posting at 4% or 3%. |
| Leased House Accommodation | SIDBI may take a house on lease, the amount of which varies with posting between a minimum of. ₹ 8000/- (in rural areas) and a maximum of ₹ 29500/- (in Mumbai). |
| Furniture Allowance | ₹ 120000/- for the purchase of furniture |
| Medical Insurance | 100% medical coverage for SBI employees and 75% for their family members |
| Travelling Allowance | For official travels, reimbursement of AC 2-tier fare is provided |
| Petrol | 50 Lts (For 2 wheelers) Or 55 Lts (For 4 Wheelers) Or Approx. ₹ 1100-1250 if you don’t have 2/4 wheelers (conveyance allowance). |
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| Notification Details | |||||
|---|---|---|---|---|---|
| Recruiter | SIDBI | ||||
| Designation | Assistant Manager (AM) Grade ‘A’ General Stream | ||||
| Job Location | Across India | ||||
| Official Website | http://sidbi.in | ||||
| Join our Telegram | |||||
SIDBI Assistant Manager Grade A Salary: Grade Pay, Scale Scale
| Basic Pay | Rs. 28,150/- |
| Pay Scale | Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years) |
| Increment | 4 stagnation increments |
| Grade Allowance | Rs. 6000/- |
| Family Allowance | 4% of pay |
| Local Allowance | 5% of pay |
| House Rent Allowance | 10% of pay |
| Special Allowance | Rs. 6,500/- |
| Special Compensation Allowance | Rs. 625/- |
| SIDBI Grade A Special Pay | Rs. 2000/- |
| Net Salary | Rs. 70,000/- |
SIDBI Assistant Manager Grade A In-Hand Salary
- Starting Basic Pay for SIDBI Grade A Officer is Rs. 28,150.
- The scale of pay for the post of officers in Grade “A” is Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years), i.e. the initial basic pay for Grade A Officer is Rs. will be 28,150 and after 4 years increment of Rs. 1500, it is Rs. 34,350 (at the end of the 5th year) which will ultimately be Rs. 55,600/- after 17 years.
- SIDBI Assistant Manager Salary Rs. 70,000/- per month with various perks and allowances.
SIDBI Assistant Manager Grade A Salary: Career Growth & Pay Scale
| Post Name | Pay Scale |
| Grade A Officer | 28150 – 1550(4) – 34350 – 1750(7) – 46600 -EB – 1750(4) – 53600 – 2000(1) – 55600 (17 years) |
| Grade B Officer | 35150 – 1750(9) – 50900 – EB – 1750(2) – 54400 – 2000(4) – 62400 (16 years) |
| Private Secretary in Grade B | 35150 – 1750(9) – 50900 – EB – 1750(2) -54400 – 2000(4) – 62400 – EB 1200(1) – 63600 -2150(4) – 72200 (21 years) |
| Grade C Officer | 49000 – 1750(3) – 54250 – 1900(2) – 58050 -2000(4) – 66050 – EB – 2000(2) – 70050 – 2150(1) – 72200 (13 years) |
| Grade D Officer | 68500 – 2150(2) – 72800 – 2250(6) – 86300(9 years) |
| Grade E Officer | 72800 – 2250(1) – 75050 – 2400(2) – 79850 – 2500(3) – 87350-3000(5) – 102350 (12 years) |
| Grade F Officer | 101900 – 3000(4) – 113900 (5 years) |
| Executive Director | 120500 – 3500(2) – 127500 (3 years) |
Promotions in SIDBI Grade A Posts
- Grade A Officer
- Grade B Officer
- Private Secretary in Grade B
- Grade C Officer
- Grade D Officer
- Grade E Officer
- Grade F Officer
- Executive Director
SIDBI Assistant Manager Grade A Salary: Perks & Allowances
- Dearness Allowance
- House Rent Allowance
- Special Allowance
- Family Allowance
- City Compensatory
- Local Allowance
- Learning Allowance
- PFA
- Grade Allowance
- Special Compensatory Allowance
SIDBI Assistant Manager Salary Structure 2022-23
| Duration | Basic Pay | Grade Pay |
| First 4 Years | Rs. 28,150/- | Rs. 1550/- |
| Next 7 years | Rs. 34,350/- | Rs. 1750/- |
| Next 4 Years | Rs. 46,600/- | Rs. 1750/- |
| Next 1 Year | Rs. 53,600/- | Rs. 2000/- |
| Next 17 Years | Rs. 55,600/- |
SIDBI Assistant Manager Grade A Job Profile 2022-23
- Typical duties of a SIDBI Assistant Manager include – acquiring a practical knowledge of various banking aspects, customer services (may range from passbook printing to account opening and more), supervision of clerical work, loan processing, etc.
- SIDBI Assistant Manager is trained in – Retail (Personal) Banking, Advances, Rural Banking (Agricultural Training), etc. During their probationary period.
- After the examination, SIDBI Grade A officer is directly posted to the allotted branch after meeting the RM of the circle.
- After reporting to the branch manager, he learns various aspects of the bank profile on a day-to-day basis.
SIDBI Assistant Manager Grade A Probation Period
- After joining SIDBI Grade A, subject to a probation period of 2 years extendable to 4 years.
- During this period, they learn more about the functions of the banks and the duties related to their profile.
- During the period of probation, specialized training is also given to the employees.
- After the probationary period, the SIDBI Grade A Officer will undergo a screening process, and he/she will be confirmed as Middle Management Grade Scale-II
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