SIDBI Grade A Salary 2023
The SIDBI Grade A Salary 2023 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 2023.
SIDBI Grade A Salary Structure 2023
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 2023 which covers the details of the basic pay, pay scale, increment, and other components of the salary.
SIDBI Grade A Salary Structure 2023 | |
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 2023 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 2023 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 2023 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) |