SIDBI Grade A Salary 2024, Revised Salary for Assistant Manager

SIDBI Grade A Salary 2024 details are discussed here. Interested candidates can read the article regarding the SIDBI Grade A In-hand Salary, Job Profile and Allowances.

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SIDBI Grade A Salary 2024

The SIDBI Grade A Salary 2024 will be beneficial to applicants aspiring to work as Assistant Managers at the Small Industries and Development Bank of India. The candidates are selected as Grade A (Assistant Manager) after a certain selection process which is set for all the candidates. The SIDBI Grade A Assistant Manager Salary has been revised recently with the release of the new notification. It is important to have a glance at the salary structure, pay scale, and job profile of the SIDBI Grade A vacancy. The SIDBI provides a decent salary with benefits. Candidates must go through the article below to have a better understanding of the various job posts under SIDBI, salary, perks, allowances, etc. Read further to know more about the revised SIDBI Salary 2024.

SIDBI Grade A Salary Structure 2024

The detailed salary structure for the SIDBI Assistant Manager with an initial basic pay of Rs. 44,500/- has been discussed below. The candidates who have been looking forward to the opportunity in SIBDI Bank must have a look at the SIDBI Grade A Salary Structure 2024 which covers the details of the basic pay, pay scale, increment, and other components of the salary.

SIDBI Grade A Salary Structure 2024
Basic Pay	Rs. 44500/-
Pay Scale	Rs. 44500 – 2500(4) – 54500 – 2850(7) – 74450 -EB – 2850(4) – 85850 – 3300(1) – 89150 (17 years)
Increment	4 stagnation increments
Grade Allowance	Rs. 6250/-
Dearness Allowance	Rs. 23196.32/-
Local Allowance	Rs. 4005/-
House Rent Allowance	10% of pay
Special Perquisite Allowance	Rs. 7,383/-
Learning Allowance	Rs. 600/-
Deduction	Rs. 18,112/-
Net Salary	Rs. 90,000/-

SIDBI Grade A Salary After 4 Years

The pay scale for the SIDBI Assistant Manager post is Rs. 44500 – 2500(4) – 54500 – 2850(7) – 74450 -EB – 2850(4) – 85850 – 3300(1) – 89150 (17 years), this means the starting salary of the SIDBI Grade A AM is Rs. 44500 and after 17 years the basic pay after all increments will be Rs. 89150. Along with this basic salary, there are other increments and benefits to which candidates are subjected. The final SDBI Grade A Assistant Manager Salary after all calculations is Rs 90,000 at the beginning. Check the details of the SIDBI Grade A Salary Increment in the table below.

Duration	Basic Pay	Grade Pay
First 4 Years	Rs. 44500/-	Rs. 2500/-
Next 7 years	Rs. 54500/-	Rs. 2850/-
Next 4 Years	Rs. 74450/-	Rs. 2850/-
Next 1 Year	Rs. 85850/-	Rs. 3300/-
Next 17 Years	Rs. 89150/-

SIDBI Grade A Salary 2024 Perks and Allowances

Apart from the basic pay scale, the salary of SIDBI Grade A will include other allowances in their salary structure as well, such as: –

Dearness Allowance
House Rent Allowance
Traveling Allowance
Children Education Allowance
Medical Facilities
Refreshment Allowance
Leave Travel Allowance
Subsistence Allowance
TA on Retiring
TA on Transfer

SIDBI Grade A Salary 2024 Job Profile

Once the candidate is appointed as SIDBI Grade A they have to perform certain duties/jobs. There are various responsibilities that a SIDBI Grade A has to carry out. SIDBI Grade A basically works in the revenue department of the state. We have discussed below the job profile of SIDBI Grade A.

Maintaining land records
maintaining the records of sharecroppers and other land transfers conducted between various parties.
No purchase or sale of land can take place without the presence of the Patwari
Looking after the concerns of the villagers
Assisting senior officers in various duties
Implementing government schemes

SIDBI Grade A Salary 2024 Career Growth

Grade A Officer (Assistant Manager) is the entry-level officer post in the SIDBI. The employees selected as Assistant Managers can grow to various posts depending on their experience and performance. Check the promotion cycle as depicted below-

Designation Name	Pay Scale
Grade A Officer	44500 – 2500(4) – 54500 – 2850(7) – 74450 -EB – 2850(4) – 85850 – 3300(1) – 89150 (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)