The lucrative SIDBI Grade A Salary is what attracts lakhs of aspirants for the SIDBI Exam. The SIDBI Assistant Manager in-hand salary, job profile, SIDBI pay scale and job security is the major reason that candidates aspire to grab a promising career through SIDBI Bank Exam. The SIDBI Grade A salary is approximately 70,000/ per month.
This article will give in detail the information on SIDBI Assistant Manager Salary Structure, job profile, pay scale, and SIDBI Grade A allowances and perks. There are other government exams that also have a great designation, career, and salary.
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SIDBI Grade A Salary
The Basic pay of SIDBI Assistant Manager Salary is 28150/- . The SIDBI exam salary is given in detail in the official notification of the SIDBI exam. Along with the SIDBI Grade A Salary the SIDBI Grade A job profiles are also mentioned in detail.
It is pertinent that candidates get the complete and accurate knowledge of the SIDBI Assistant Manager salary structure to have realistic expectations and analyze the work profile rightly.
The candidates willing to apply for SIDBI shall now be admissible to get SIDBI Assistant Manager salary on the basis of the revised pay scale i.e.
| SIDBI Assistant Manager Pay Scale |
| INR 28150-1550(4) -34350-1750(7) – 46600 –EB – 1750(4)- 53600-2000(1)-55600. |
The monthly emoluments shall go upto INR 70,000 and the total compensation per annum for SIDBI Grade A would be a minimum of 4.92 Lakhs and a maximum of 8.40 Lakhs depending on the place of posting and other factors.
SIDBI Salary Structure, Allowances & Perks
The SIDBI salary structure for Grade A posts also has other allowances apart from the basic pay. These allowances are as per the guidelines set by the Government of the respective departments.
The various allowances that are a part of the SIDBI Assistant Manager salary structure are as follows:
- Dearness Allowance,
- Grade Allowance,
- Special Allowance,
- Local Compensatory Allowance etc
Further, candidates selected for the post will be governed by “the defined contribution New Pension Scheme (NPS).
SIDBI Grade A Perks for Assistant Manager Post
Besides emoluments as per the SIDBI Grade A pay scale given above, the Assistant Manager shall carry other facilities as well, such as –
- Gratuity,
- Leave fare concession (once in two years for self , spouse and eligible dependents),
- Reimbursement of medical expenses,
- Vehicle maintenance expenses / allowance,
- Lounge expenses,
- Telephone expenses, newspaper, book grant, education expenses,
- Allowance for furnishing the residence,
- Interest free festival advance up to one month’s gross emoluments,
- SIDBI’s accommodations or leased flat facility in lieu thereof,
- Loans and Advances at concessional rates for car, housing, travel, personal computer or tablets etc., as per SIDBI’s rules.
The amount for all the perks and allowances mentioned abve may vary depending upon the place of posting.
SIDBI Assistant Manager Salary In-Hand
The break up of SIDBI Grade A salary structure is given below-
| SIDBI Grade A Salary – Assistant Manager | |
| SIDBI Grade A Basic Pay | 28150 |
| Increment | 4 Stagnation Increments |
| Local Allowance | 5% of Pay |
| House Rent Allowance | 10% of Pay |
| Family Allowance | 4% of Pay |
| Grade Allowance | 6000 |
| Special Allowance | 6500 |
| Special Compensation Allowance | 625 |
| SIDBI Grade A Special Pay | 2000 |
| SIDBI Assistant Manager Net Salary | 70,000 |
SIDBI Salary Increment & Promotion
- The selected candidates would be on probation for a period of 2 years which is expandable upto maximum 4 years at the discretion of SIDBI.
- The selected candidates will be liable to be posted / transferred at discretion of SIDBI to various offices / verticals / associates / subsidiaries of SIDBI from time to time and on such terms and conditions as may be decided by SIDBI.
- As per the existing guidelines of SIDBI, candidates who have qualified JAIIB / CAIIB (prior to joining SIDBI) will be eligible to be considered for grant of one or two advance increments in pay scale subject to production of documentary evidence to the satisfaction of SIDBI in this regard.
- Aspirants might be willing to know in detail about the following links-
- SIDBI, at its discretion, may grant not more than 4 advance increments (including JAIIB/CAIIB increments) in the pay scale in which the candidate has been offered the post, to such candidates who possess good academic qualification or special experience of value to SIDBI. However, such requests shall be examined on a case-to-case basis by SIDBI only after the candidate has reported for duty and submitted necessary documentary evidence, as required by SIDBI.
- SIDBI not only offers a very good salary package to Grade A officers but also a very healthy career growth. Candidates have to simply appear for the internal exams conducted from time to time by the bank. Upon clearing the exams, the candidate shall be promoted to a higher grade. Here we have given below, the career growth of the SIDBI Grade A officer.
- SIDBI Grade A Officer( Entry-level)
- SIDBI Grade B officer
- Private Secretary in Grade B
- SIDBI Grade C officer
- SIDBI Grade D officer
- SIDBI Grade E officer
- SIDBI Grade F officer
- Executive Director
- Given below is the SIDBI Pay Scale for different SIDBI posts –
| Designation Name | SIDBI 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) |
SIDBI Assistant Manager Job Profile
Since the SIDBI Assistant Manager salary is high, the duties and responsibilities are also higher. The data below gives details regarding the SIDBI Grade A job profile for Assistant Manager posts in SIDBI bank.
The Officers in Grade ‘A’ are expected to contribute proactively in following broad areas of operations of the Bank-
- Augmenting credit penetration in MSME, Microfinance, Startup/Venture Capital Sector through Direct / Indirect Credit Delivery and Monitoring Mechanisms.
- Contributing in entrepreneurship promotion & skill development activities of the Bank for the MSME sector, including facilitating co-operation and co-ordination with various stakeholders.
- To be key input providers in Business Analytics and decision-making process by gathering regular market feedback or research and update the Management with the trends in their areas and clusters to assist the Bank in prioritization of various new initiatives and projects.
- participate in internal management/administration, control and monitoring related functions to ensure that the Bank remains an adaptable and responsive organization amidst changing dynamics of MSME sector and overall economy.
- Any other work as assigned by the Bank from time to time.
Aspirants of government exam can check the following links to know the salary range of various government exam:
| Bank PO Salary | Punjab State Cooperative Bank Salary | SSC Salary |
| RRB NTPC Salary | Bihar State Cooperative Bank Salary | SBI Clerk Salary |
| SBI SO Salary | Bank Salary Ranges | IBPS PO Salary |
