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IDBI Executive Salary 2022, In-hand Salary, Basic Pay, Perks

IDBI Executive Salary 2022

IDBI Executive Salary 2022: The Industrial Development Bank of India offers a lucrative IDBI Executive salary 2022 to the candidates pursuing Executives in the firm. The appointment of the Executive will be purely on a contractual basis. The contract would be initially for a period of 1 year and may be reviewed for extension on a year-to-year basis for a further period of 2 years, subject to satisfactory performance, completion of assigned mandatory e-certifications, availability of vacancies at the relevant point of time and any other criteria. On successful completion of a period of 3 years of contractual service, you may become eligible for appointment as Assistant Manager (Grade A) in IDBI Bank through a selection process. Check the article, for complete details about IDBI Executive Salary.

IDBI Executive Salary Structure 2022

According to the IDBI Executive Recruitment 2022 0n 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:

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 Recruitment 2022 for 1044 Vacancies

IDBI Executive Admit Card 2022 Out – Click to Check

IDBI Executive Perks and Benefits 2022

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 2022
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.
Travelling Allowance IDBI provides a fixed travelling allowance.
Newspaper Reimbursement The bank pays a fixed sum towards the expense of one paper consistently.

IDBI Executive contractual Period

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 Growth & Promotion

IDBI Executive posts have a 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

Also Check,

IDBI Executive Syllabus & Exam Pattern 2022

IDBI Executive Cut Off 2021- Click to check

IDBI Executive Salary 2022: FAQs

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.

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