SIDBI Grade A Salary 2023, Assistant Manager Pay Scale & In-hand Salary
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- SIDBI Grade A Salary 2023
SIDBI Grade A Salary 2023: The employees at Small Industries Development Bank of India will get an excellent pay scale and consistent career growth which is the major factor every year lakhs of banking aspirants dream of being employed at SIDBI. In this article, we have been discussed the complete detail for the revised SIDBI Grade A Salary 2023 including dearness allowances, HRA, travel allowance and other benefits. The candidates who are applying or planning to apply for 100 Assistant Manager vacancies released through SIDBI Grade A Recruitment 2023 must be aware of the pay scale and other details in terms of SIDBI Grade A Salary 2023.
SIDBI Grade A Salary 2023
The detailed salary structure for the SIDBI Assistant Manager with initial basic pay of Rs. 44500/- 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.
| SIDBI Grade A Salary 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 Notification 2023 Out for 50 Vacancies- Click to Check
SIDBI Assistant Manager Salary 2023
The initial basic pay for SIDBI Grade A Officer is Rs. 44500/-. The pay scale for the position of officers in Grade “A” is Rs. 44500 - 2500(4) - 54500 - 2850(7) – 74450 -EB - 2850(4) – 85850 - 3300(1) - 89150 (17 years), which means that the initial basic pay provided to any Grade A Officer will be Rs. 44500/- and after 4 annual increments of Rs. 2500, it will be Rs. 54500/- (at the end of the 5th year) which will ultimately become Rs. 89150 after 17 years. The in-hand SIDBI Assistant Manager Salary is around Rs. 90,000/- per month including various perks & allowances.
| 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- Perks & Allowances
The employees posted at Assistant Manager posts will be provided with 4 stagnation increments with initial basic pay. Apart from the basic pay, any SIDBI Grade A Officer receives various perks and benefits which are listed below:
- Dearness Allowance
- House Rent Allowance
- Special Allowance
- Family Allowance
- City Compensatory
- Local Allowance
- Learning Allowance
- PFA
- Grade Allowance
- Special Compensatory Allowance
SIDBI Grade A Syllabus & Exam Pattern 2023- Click for Details
SIDBI Grade A Salary- Career Growth
Grade A Officer (Assistant Manager) is the entry-level officer post in the SIDBI. The employees selected as Assistant Manager can grow to various posts depending on their experience and performances. 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) |