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The official notification for the Small Industries Development Bank of India (SIDBI) Grade A has been released on 04 March 2022. With 100 vacancies announced by SIDBI, the last date of application submission is 24 March 2022. The application procedure can be done by interested and eligible candidates through the online registration process.
Along with a competitive salary package, SIDBI Grade A executives receive allowances and added benefits like advances and loans, leased flat facilities or housing, and so on. The following article provides details on the eligibility criteria, salary structure, allowances, and benefits for the SIDBI Grade A post.
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SIDBI Grade A 2022: Eligibility Criteria
Before applying for the SIDBI Grade A 2022 recruitment exam, interested candidates must go through the eligibility criteria set by the conducting authority. Given below is the educational qualifications and age limit requirement to be met by candidates applying for the post.
Educational Qualification
The minimum qualification required to apply for the SIDBI Grade A Assistant Manager post is as follows:
- Candidate must possess a Bachelors Degree in Engineering (Preferably Civil or Electrical or Mechanical) / Bachelors Degree in Law
OR
Candidate must possess a Post Graduation in any subject from an Institute / University recognized by the Central Government/ University Grant Commission (UGC)
OR
Candidate must possess a professional qualification in CA / CS / CFA / CWA from ICSI / ICAI / CFA/ICWAI Institute.
Age Limit
- The minimum age for applying is 18 years.
- The maximum age for applying is 28 years.
SIDBI Grade A 2022: Salary Package
1: What does the acronym "ATM" stand for in banking?
The salary package for the SIDBI Grade A Assistant Manager includes the following:
| Particulars | Details |
| Basic Pay | Rs. 28,150/- |
| Pay Scale | Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years) |
| Family Allowance | 4% (of pay) |
| House Rent Allowance | 10% (of pay) |
| Local Allowance | 5% (of pay) |
| Grade Allowance | Rs. 6000/- |
| Special Compensation Allowance | Rs. 625/- |
| Special Allowance | Rs. 6,500/- |
| SIDBI Grade A Special Pay | Rs. 2000/- |
| Increment | 4 stagnation increments |
| Net Salary | Rs. 70,000/- |
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SIDBI Grade A 2022: Salary Structure
- 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 approximately
SIDBI Grade A 2022: Facilities, Perks and Allowances
The facilities, perks and allowances for SIDBI Grade A Assistant Managers in addition to their salary is as follows:
Facilities
- Housing Loan
- Vehicle Loan
- Bank’s accommodation/Leased Flat Facility
- Reimbursement of vehicle maintenance
- Reimbursement of medical expenses
- Leave Fare Concession
- Gratuity
- Pension
Perks and Allowances
- Allowance for Families
- Allowance for Education
- Allowance for Dearness
- Allowance for House Rent
- Allowance for Local Residents
- Allowance for PFA Grade
- Compensatory City
- Allowance for Special Compensatory Reasons
- Exceptional Allowance
SIDBI Grade A 2022: Career-wise Payscale
The payscale for each designation under the SIDBI is as follows:
| Name of Designation | Payscale |
| 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) |
The SIDBI Grade A examination is one of the major banking examinations conducted in India. Attended by thousands of students, the examination is competitive and demands thorough preparation and study plans to crack the examination with the best possible score. Entri App is here to guide you through the SIDBI Examination and all other major banking examinations by providing several useful features that set the spotlight on the major study areas extensively. Ace your preparations with Entri App to secure a government job you have been looking for. We wish you the best in your examination!
