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IDBI Executive Salary 2024, Pay Scale, Job Profile, Perks

IDBI Executive Salary 2024

The Industrial Development Bank of India offers a lucrative IDBI Executive salary 2024 to the candidates pursuing Executive positions in the firm. The candidates will be initially appointed on a contractual basis and promoted after 3 years on the basis of their performance. As IDBI Executives, candidates will be offered an initial salary of Rs. 29,000/- per month. In this article, we have mentioned the IDBI Executive Salary In-hand, Salary Structure, Perks, Allowances, and IDBI Executive Work Profile details. Read here for more.

IDBI Executive Salary- Overview

The detailed IDBI Salary structure along with benefits and perks is mentioned below. Check the IDBI Executive Salary overview here.

IDBI Executive Salary Overview
Organization Industrial Development Bank of India
Post Name Executive
Vacancy 1300
IDBI Executive Salary In Hand Rs. 29,000/- (In the first Sem)
IDBI Executive Salary Allowances DA, Medical, Accommodation, etc.
IDBI Official Website www.idbibank.in

IDBI Executive Salary Structure

According to the IDBI Executive Recruitment 2024 on successful completion of a period of 3 years of contractual service, such appointees shall become eligible for appointment as Assistant Manager (Grade A) in the Bank through a selection process that would be conducted by the Bank. The Executive will be paid a lump sum/fixed remuneration as given below:

IDBI Executive Salary Structure
Rs.29,000/- per month in the first year
Rs.31,000/- per month in the second year
Rs.34,000/- per month in the third year of service.

IDBI Executive Salary In Hand 2024

Candidates will be given Rs. 29,000/- as in hand as salary in the first year of their appointment as an executive. This will keep on increasing in the 2nd and 3rd years. After 3 years, based on their performance, they will be promoted to a permanent level and salary will increase as a result. The IDBI Executive salary in hand consists of basic pay, allowances, and grade pay. The different benefits and allowances offered by IDBI are mentioned below.

IDBI Executive Perks and Benefits 2024

Along with the Salary, the candidates will be getting other perks and benefits as per the norms of IDBI which include DA, HRA, etc.

IDBI Executive Perks and Benefits 2024
Dearness Allowance (DA) Based on the Consumer Price Index (CPI) which is refurbished every quarter. The DA is around 46% of the basic salary but can either increase or decrease depending on the inflation rate.
Accommodation Allowance This office is accessible instead of HRA. IDBI will give the official convenience as a rented convenience.
Medical Aid IDBI pays a fixed yearly add-up to meet clinical costs.
Traveling Allowance IDBI provides a fixed traveling allowance.
Newspaper Reimbursement The bank pays a fixed sum towards the expense of one paper consistently.

IDBI Executive Contractual Period

The appointment of the Executive will be purely on a contractual basis for 1st year and it will be revised yearly based on the performance of the candidate subject to satisfactory performance, completion of assigned mandatory e-certifications, and availability of vacancies at the relevant point of time. On successful completion of 3 years of contractual service in the Executive post, the candidates shall be appointed as Assistant Manager Grade A through a selection process conducted by the IDBI Bank.

IDBI Executive Career Growth And Promotion

IDBI Executive posts have wide growth and promotion. Candidates must check all the promotions which they will get in IDBI.

  1. IDBI Assistant Manager (Grade A)
  2. Manager (Grade B)
  3. Assistant General Manager (Grade C)
  4. Deputy General Manager (Grade D)
  5. General Manager (Grade E)
  6. Chief General Manager (Grade F)
  7. Executive Director

IDBI Executive Cut Off– Click to Check

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Q1. What is basic pay for IDBI Executive?

Ans. The starting basic pay for IDBI executives is Rs. 29,000/-

Q2. What is the period for IDBI Executive on a contractual basis?

Ans. The period for IDBI Executive on a contractual basis is 3 years.