Looking for the SIDBI Grade A salary? SIDBI Grade A executives receive a competitive compensation package as well as allowances from the Small Industries and Development Bank of India.
Candidates designated as Assistant Manager (Grade A) would receive benefits such as SIDBI's housing or leased flat facility, loans and advances at concessional rates for car/house, and so on.
Candidates can view the SIDBI Grade A salary structure, including dearness allowances, HRA, travel allowance, and other benefits, in this article.
Candidates who are applying or plan to apply for the Assistant Manager positions available through SIDBI Grade A Recruitment 2022 should be aware of the pay scale and other data in terms of SIDBI Grade A Salary 2022.
Not only it will allow you to learn more about the job but will also motivate you to work for it.
Source: Safalta.com
You may also read SBI PO Eligibility Criteria 2022| General Knowledge Ebook Free PDF: Download Here | Current Affairs Ebook Free PDF: Download Here | Attempt Free Mock Tests- Click Here |
SIDBI Grade A Salary 2022
| SIDBI Grade A Salary 2022 | |
| Basic Pay | Rs. 28,150/- |
| Pay Scale | Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years) |
| Increment | 4 stagnation increments |
| Grade Allowance | Rs. 6000/- |
| Family Allowance | 4% of pay |
| Local Allowance | 5% of pay |
| House Rent Allowance | 10% of pay |
| Special Allowance | Rs. 6,500/- |
| Special Compensation Allowance | Rs. 625/- |
| SIDBI Grade A Special Pay | Rs. 2000/- |
| Net Salary | Rs. 70,000/- |
SIDBI Grade A Salary 2022: Salary Structure
The entry-level position offered by SIDBI is Assistant Manager Grade A; if you are wondering about the pay you will receive after selection, please see the newest wage structure, which is provided below:
| Name of the post | Salary |
| Assistant Manager Grade A |
28150-1500(4 Increments)-34350
34350-1750(7 Increments)-46600 46600-EB-1750(4 Increment)-53600 53600-2000-55600 After 17 years of service, the basic salary will be 55600 |
| Net Salary-70000/ Rupees approx |
Check out SBI PO Exam Pattern here.
Facilities Provided to SIDBI Grade A
| Facilities Provided to SIDBI Grade A | |
|
|
SIDBI Grade A Salary 2022: Perks and Allowances
Employees will get four stagnation increments in addition to their starting salary.
Aside from the basic salary, any SIDBI Grade A Officer receives the following perks and benefits:
- Allowance for Dearness
- Allowance for House Rent
- Exceptional Allowance
- Allowance for Families
- Compensatory City
- Allowance for Local Residents
- Allowance for Education
- Allowance for PFA Grade
- Allowance for Special Compensatory Reasons
SIDBI Grade A Salary 2022: Job Profile
Candidates can review the job profile of a SIDBI Grade A officer, which is provided below:
- Participate in internal management/administration, control, and monitoring duties to ensure that the Bank maintains a flexible and responsive organisation in the face of changing dynamics in the MSME sector and the general economy.
- To be major input providers in business analytics and decision-making processes by gathering regular market feedback/research and updating management on trends in their areas/clusters to aid the bank in prioritising various new initiatives.
- Contributing to the Bank's entrepreneurship promotion and skill development operations for the MSME sector, which includes promoting collaboration and coordination with diverse partners.
- Credit penetration is being increased in the MSME, Microfinance, and Startup/Venture Capital sectors through direct and indirect credit delivery and monitoring mechanisms.
SIDBI Grade A Salary- Career Growth
Check the promotion cycle as depicted below-
| Designation Name | 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) |
To know more read here
| IBPS Clerk Salary | IBPS Clerk Eligibility | Bank Po Salary | IBPS RRB PO Salary |
If you want to get details about the other Indian government job salaries, you can visit these articles by Safalta
1- What is the in-hand salary of a SIDBI Grade A officer?
The in-hand salary of a SIDBI Grade A officer is 70000 rupees.
2- What is the Initial Basic Pay of SIDBI Grade A officer?
The initial basic pay of a SIDBI Grade A officer is 28150
3- How does the salary as an Assistant Manager at SIDBI compare with the base salary range for this job?
The average salary for an Assistant Manager is ₹8,00,000 per year in India, which is 7% lower than the average SIDBI salary of ₹8,62,459 per year for this job.
4- Can assistant managers hire you?
A typical assistant manager is in charge of scheduling personnel, training new employees, and hiring new employees. As they frequently operate in a client-facing capacity, they may also be requested to manage escalated customer complaints, depending on the business.
5- What comes after assistant manager?
Clerk, PO, assistant manager, manager, deputy general manager, general manager, and managing director.
