IDBI Executive Salary 2021

The Industrial Development Bank Of India has published the recruitment notification for the post of IDBI Executive 2021. The notification is announced to hire 920 candidates which will be done on a contract basis for 1 year(extended up to 2 years). All the interested and eligible candidates who are applying for the recruitment might be curious as to know the IDBI Executive salary 2021 including the IDBI executive salary structure, job profile, IDBI executive asi  IDBI executive pay scale and promotion which is provided in the article below.

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IDBI Executive 2021: Overview

The IDBI Bank Executive recruitment notification was published against the advertisement number 4/2021-22. Applicants can check the below table for more details.

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IDBI Executive Salary Structure 2021

As mentioned above, the IDBI Bank executive job is going to be on a contractual basis. The contract is generally for 1 year which can be extended up to 2 years. The salary structure as stated in the IDBI Executive official notification is detailed in the table below.

IDBI Executive salary of the first three years will be basically, fixed. There will not be Dearness allowance, HRA, and grade pay provided to the candidates. IDBI executive is also not eligible for any gratuity and provident fund benefits.

IDBI Executive Contractual Period

• The selection of the candidates in IDBI Bank as an executive is done on a contractual basis in nature.
• Initially, the contract is fixed for a period of one year.
• If the candidate’s performance is satisfactory for the first year, then the current contract may be reviewed for two more years on a yearly basis.
• Your performance will be reviewed at the end of every year. This clearly means that your performance solely determines your stay in the bank.
• On completion of 3 years of the period of the contract, the performance of the executive will be evaluated again and he/she may get promoted to the post of Assistant Manager merely on the basis of satisfactory performance.
• This promotion will be done usually, on the basis of an internal exam or any other manner of the selection process in IDBI Bank.
• The candidate’s performance in the last 3 years and his/her Performance Appraisal Report play a major role in his/her promotion as an Assistant Manager.

IDBI Executive Salary 2021: Job Profile

Those Candidates who will be selected for the IDBI Bank executive post will be offered any one of the two job profiles mentioned below.

1. Customer service Executive (CSE) – A customer service executive is mainly responsible for handling the front desk. Customer Service Executive deals with operations such as cheque clearance, any change in contact/address details updation, clearing of bank suspense accounts, etc. CSE  also has to assist the bank Assistant Manager.
2. Teller service Executive (TSE) – A teller service executive has the same job responsibilities as a Bank Cashier. He/she is responsible for managing the teller counter.

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IDBI Executive Salary: Career Growth

Initially, for all the aspirants who will be selected for the IDBI Bank executive recruitment 2021, their contract will be for a period of 1 year. Later on, if the performance of the candidates is deemed satisfactory, the contract will be extended for 2 more years. And, on completion of a 3-year contract, the evaluation on the candidates’ performance will again be looked into and they may be eligible for the promotion for the post of Assistant Manager on the basis of the internal exam and any other selection process in the IDBI Bank.

We hope this article on IDBI Executive Salary 2021 was beneficial to our readers. You can also check out our other IDBI Executive articles from the following links.

IDBI Executive Syllabus and Exam Pattern 2021, IDBI Executive Study Plan 2021, IDBI Executive Study Materials 2021

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