IDBI Executive Salary 2022: Check In-Hand Salary, Perks, Basic pay

Safalta Expert Published by: Kirti Singh Updated Mon, 20 Jun 2022 02:16 PM IST

Highlights

Are you looking for the IDBI Executive Salary 2022? If yes then read this article for complete details like salary structure, Perks, and benefits, job profile, etc.

There is a total of 1044 vacancies released by IDBI Bank for the post of  IDBI Executive. Hence, it is a great opportunity for candidates seeking to work in the government sector. The IDBI (Industrial Development Bank of India) offers a handsome salary for the post of IDBI Executive. Moreover, this is a post on a contractual basis for further 2 years. After the completion of 3 years of contractual service, the appointees will be eligible for the appointment as Assistant Manager (Grade A) with the help of a selection process that will be conducted by the bank. In this article, we will be discussing all the details related to the IDBI Executive Salary 2022, perks, benefits, growth opportunities, and other details.

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IDBI Executive Salary Structure 2022:

The IDBI Executive salary structure will be different for each of the 3 years during the contractual period. Below is the list of all the details related to the IDBI Executive Salary Structure:
 
Time Period
Salary
For the first year of the service Rs.29,000
For the second year of the service Rs.31,000
For the third year of the service Rs.34,000
 
 
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IDBI Executive Perks and Benefits 2022:

Apart from the salary the candidate selected as the IDBI Executive will get other perks and benefits including DA, HRA, etc. Below we have mentioned all the details related to the IDBI Executive Perks and Benefits 2022:
 
Dearness Allowances (DA) It is based on Consumer Price Index (CPI) which is refurbished every quarter. The Dearness Allowances will be around 46% of the basic salary but can vary on the basis of the inflation rate.
Medical Aid IDBI bank pays a fixed yearly add-up to meet clinical costs.
Accommodation allowance The office is accessible instead of HRA. IDBI will give the official convenience as a rented convenience
Newspaper Reimbursement The bank also pays a fixed amount towards the expense of one paper consistently.
Travelling Allowance A fixed traveling allowance is also provided by IDBI.
 

IDBI Executive Job Profile 2022:

If you are preparing for the IDBI Executive post then it’s important for you to know the complete job profile of the IDBI Executive. This will give you an idea about the post and its responsibilities. Moreover, you will be able to match whether you are fit for the post or not. Hence, check the complete job profile for the post of IDBI Executive post-2022:
  • Customer Service Executive (CSE): The Customer Service Executive handles the front desk. They handle the operations such as cheque clearance, any change in address/contact details updation, and clearing the bank suspense accounts at the end of the day. They also assist the Assistant Manager and also has sale targets.
  • Teller Service Executive: A teller service executive has the job responsibilities same as a Bank Cashier. They handle the teller counter.


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IDBI Executive Contractual Period:

After the completion of the 3 years of contractual service in the Executive post, the candidates will be appointed as the Assistant Manager Grade A through an IDBI Bank selection process.
 

IDBI Executive Growth & Promotion:

Apart from IDBI Executive salary, it has a wide growth and promotion. Candidates will check all the promotions which they will get in IDBI:
  • Manager (Grade B)
  • IDBI Assistant Manager (Grade A)
  • Assistant General Manager (Grade C)
  • General Manager  (Grade E)
  • Executive Director
  • Chief General Manager (Grade F)
  • Deputy General Manager (Grade D)
 
 

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Is IDBI Executive a permanent job?

No, its a contractual job.

What is the work of executive in IDBI Bank?

  • Customer Service Executive (CSE): The Customer Service Executive handles the front desk. They handle the operations such as cheque clearance, any change in address/contact details updation, and clearing the bank suspense accounts at the end of the day. They also assist the Assistant Manager and also has sale targets.
  • Teller Service Executive: A teller service executive has the job responsibilities same as a Bank Cashier. They handle the teller counter.

Is it good to join IDBI executive?

Yes, it is good to join the IDBI Executive post as it provides a lucrative salary with different perks and benefits.

Is IDBI Executive Exam tough?

It is tougher than Clerk but easier than the PO exam.

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