SIDBI Grade A New Salary 2024, Revised Salary for Assistant Manager
SIDBI Grade A New Salary 2024 : SIDBI Grade A Salary 2024 will be beneficial for applicants willing to work as Assistant Manager in Small Industries and Development Bank of India. Candidates are selected as Grade A (Assistant Manager) after a certain selection process prescribed for all candidates. SIDBI Grade A Assistant Manager salary has been revised recently with the release of the new notification. It is important to take a look at the salary structure, pay scale, and job profile of the SIDBI Grade A vacancy. SIDBI offers a good salary with benefits. Candidates must read the below article for a better understanding of the various job positions, salary, perks, allowances, etc. under SIDBI. Read on to know more about the revised SIDBI Salary 2024.
SIDBI Grade A Salary Structure 2024
The detailed salary structure for SIDBI Assistant Manager is discussed below with a starting basic pay of Rs.44,500/-. Candidates who are waiting for the opportunity in SIBDI Bank should have a look at the SIDBI Grade A Salary Structure 2024 which includes details of basic pay, pay scale, increment and other components of 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
SIDBI Grade A New Salary 2024 : The pay scale for SIDBI Assistant Manager post is Rs. 44500 – 2500(4) – 54500 – 2850(7) – 74450 -EB – 2850(4) – 85850 – 3300(1) – 89150 (17 years), it means the starting salary of 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 pay, there are other increments and benefits that candidates are eligible for. The final SDBI Grade A Assistant Manager salary after all calculations is Rs. 90,000 in the beginning. Check the details of 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
SIDBI Grade A New Salary 2024 : 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
SIDBI Grade A New Salary 2024 : 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) |
FAQs
Q1. What is the basic pay for SIDBI Grade A 2024?
Ans. The basic pay of SIDBI Grade A 2024 is Rs. 44500/-.
Q2. What are the basic allowances as part of SIDBI Grade A salary 2024?
Ans. The basic allowances as a part of SIDBI Grade A salary are dearness allowances, HRA, and Travelling Allowances.
Q3. How many times does the SIDBI Grade A Exam take place?
Ans. SIDBI Grade A Exam is held annually.
Q4. Are there any growth opportunities for SIDBI Grade A?
Ans. Yes, there are growth opportunities and some of them are mentioned in the article above.
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